Financial Performance - Willdan's Q3 2025 net revenue reached $95 million, a 26% increase compared to $75.7 million in Q3 2024[3, 20] - Adjusted EBITDA for Q3 2025 was $23 million, a 53% increase from $15.2 million in Q3 2024[3, 20] - Adjusted EPS for Q3 2025 was $1.21, a 66% increase from $0.73 in Q3 2024[3, 20] - For the first nine months of 2025, net revenue was $275 million, a 27% increase compared to $217 million for the same period in 2024[23] - Adjusted EBITDA for the first nine months of 2025 reached $59.5 million, a 52% increase from $39.1 million in the same period of 2024[23] - Adjusted EPS for the first nine months of 2025 was $3.34, a 97% increase from $1.70 in the same period of 2024[23] Business Segments and Outlook - Energy segment accounts for approximately 85% of Willdan's services[4] - Engineering & Consulting segment accounts for approximately 15% of Willdan's services[6] - Willdan increased its full-year 2025 net revenue target to $360-365 million from $340-350 million[30] - The company also increased its full-year 2025 adjusted EBITDA target to $77-78 million from $70-73 million[30]