Willdan Group, Inc. (NASDAQ:WLDN) Q1 2024 Earnings Call Transcript

Kim Early: Well, we’re certainly trying to do that and we’ve had some success. We’ve been working at that for a while, and we’re able to reduce that DSO level that we’ve got invested in it. So, we have been able to squeeze some extra cash out of the thing. When we look at what we expect, I guess, for cash flow from operations for the year, we’re certainly open that we can approximate something close to the EBITDA targets that we’re going to achieve. We’re expecting the CapEx numbers to be in the $10 million to $12 million kind of range for the year. And so we certainly think our revenues are going to ramp up from this first quarter number during the course of the year, that’s going to need some working capital, but thankfully, less than what we have used in the past, and we expect it to end the year with cash from operations, something close to the target EBITDA numbers.

Craig Irwin: Excellent. Well, congratulations on another solid quarter. I’ll hop back in the queue.

Operator: Thank you. We’ve reached the end of our question-and-answer session. I’d like to turn the floor back over for any further or closing comments.

Mike Bieber: I’d just like to thank everyone for your interest in Willdan and the interest in our Q1 call. And we’ll talk to you again next quarter. Thank you.

Operator: Thank you. That does conclude today’s teleconference. You may disconnect your lines at this time, and have a wonderful day. We thank you for your participation today.