WLDN · Willdan Group
AI read · Good for WLDN
The AI's read
The Mantis purchase expands Willdan’s commercial energy business, which management says grows faster and brings higher margins. Commercial work now makes up about a quarter of the business, up from about 7% two years ago. Willdan also says no customer accounts for more than 10% of revenue on a full-year pro forma basis. That reduces reliance on a few customers. The company plans to use free cash flow to lower debt, so repayment needs remain a concern. Strong quarterly growth, raised 2026 targets, and its 2027 growth plans outweigh that concern.