Savvy Trades and Investments

[curlews]

WLDN reported eps of .20 fully taxed last night, less than the .25 estimate from the single analyst. Stock is down 5% today, but still above recent lows. The business appears strong, with revenues, net of subcontractors, up 27%, EBITDA up 57% for the quarter, and diluted shares up only 6.2%.

Income per share before taxes was up 30% compared with 2014, although after tax eps was down vs 2014 when they were not paying much in taxes.

http://finance.yahoo.com/news/willdan-group-reports-second-quarter-202700935.html

“We delivered another strong quarter of year-over-year revenue and EBITDA growth, driven by solid organic growth and positive contributions from our recent energy efficiency engineering acquisitions,” said Tom Brisbin, Willdan’s Chief Executive Officer. “Our vision for the synergies from our acquisition strategy is now occurring. Through our cross selling efforts, we have already won several new performance contracts, across a diverse set of customers around the country. As we grow in scale, we continue to see improvement in our operating leverage, which resulted in our EBITDA margin increasing to 9.0% in the second quarter of 2015, up from 7.8% in the same period last year. We continue to see strong demand for energy efficiency services from both utilities and end-users, and our expanded capabilities position us well to capture an increasing share of this market. We have a growing pipeline of new business opportunities that we believe will drive a strong second half of 2015.”