Willdan Group, Inc (NASDAQ:WLDN) shares are soaring after it reported fourth-quarter FY23 sales growth of 25.1% year-on-year to $80.772 million, beating the analyst consensus of $63.785 million.
Gross profit for the quarter increased 26.3% to $54.4 million. Operating income jumped 155% to $11.7 million.
Adjusted EBITDA increased 48.2% to $17.5 million. Adjusted EPS of $0.80 beat the consensus estimate of $0.38.
Willdan held $23.4 million in cash and equivalents as of December 29, …