Welcome to our dedicated page for Willdan Group news (Ticker: WLDN), a resource for investors and traders seeking the latest updates and insights on Willdan Group stock.
Willdan Group, Inc. (symbol: WLDN), founded over 50 years ago, is a leading provider of outsourced professional technical and consulting services primarily to public and private agencies, and utilities in California and New York. Willdan serves a diverse range of clients, including cities, public utilities, government agencies, and private industries, offering a broad spectrum of services.
The company's core services encompass civil engineering, building and safety services, geotechnical engineering, energy efficiency, water conservation, renewable resource strategy, financial and economic consulting, and disaster preparedness and homeland security. These services are crucial in helping their clients address infrastructure, sustainability, and security challenges.
Willdan operates through two primary business segments: Energy and Engineering and Consulting. A significant portion of its revenue is generated from the Energy segment, which includes offerings like audit and surveys, program design, master planning, benchmarking analysis, design engineering, construction management, performance contracting, installation, and advancements in software and data analytics.
Recent achievements by Willdan include expanding its service offerings in the energy sector and entering strategic partnerships to enhance its capabilities. The company is also actively involved in current projects focused on improving energy efficiency and sustainability for its clients.
Financially, Willdan continues to show robust performance with a steady revenue stream derived entirely from domestic markets. The company's reputation for delivering high-quality, reliable services has cemented its significance in the industry.
For more details, visit Willdan's official website.
Willdan Group (NASDAQ: WLDN) has published a significant study through its subsidiary E3 on the impact of data center growth in Virginia's electric grid and ratepayers. The study, commissioned by the Virginia Joint Legislative Audit and Review Commission (JLARC), reveals three key findings: data center growth will be by energy infrastructure development, achieving clean energy goals will require unprecedented investments in diverse generation resources, and innovative cost allocation methods will be needed to protect existing ratepayers. The analysis aims to guide Virginia's grid investment strategy while maintaining reliability and advancing clean energy objectives.
Willdan Group (NASDAQ: WLDN) has been selected to implement Snohomish County Public Utility District's (SnoPUD) new energy efficiency program targeting telecommunications and data center facilities. The three-year program will focus on evaluating mission-critical facilities for energy efficiency opportunities, helping facilities apply for utility incentives, and implementing efficiency projects. The initiative aims to promote energy conservation across SnoPUD's territory, benefiting both targeted industries and the broader customer base.
Willdan Group (NASDAQ: WLDN) has secured a $4.5 million three-year contract with the City of Bellflower to provide in-house building division operations and fire plan inspection review services. The contract expands Willdan's presence in Los Angeles County, with the company being selected for their expertise and personalized approach to ensure a seamless transition in delivering building and safety services essential for residents and business owners.
Willdan Group (WLDN) reported strong Q3 2024 financial results with significant growth across key metrics. Contract revenue increased 19.2% to $158.3 million, while net revenue rose 15.9% to $75.7 million. Net income jumped to $7.3 million from $1.6 million, with GAAP Diluted EPS increasing to $0.51 from $0.11. The company acquired Enica Engineering to strengthen its commercial market position and raised its full-year 2024 targets, now expecting net revenue between $285-295 million and Adjusted Diluted EPS between $2.15-$2.25.
Willdan Group (NASDAQ: WLDN) has acquired Enica Engineering's assets, an energy and building automation solutions firm specializing in mission-critical energy services for the commercial sector. Enica, founded in 2010, serves pharmaceutical, biotech, private higher education, and surgical hospital clients in the Northeast United States. The acquisition is projected to generate approximately $10 million in revenue in 2024 and is expected to be accretive to earnings in 2025. The deal enhances Willdan's commercial customer base and expands its specialized technical capabilities in critical building energy systems.
Willdan Group, Inc. (NASDAQ: WLDN) has been chosen as the City of Palmdale's consultant for a new Innovation and Smart City Program. The three-year contract involves Willdan leading efforts to develop innovative solutions and smart city initiatives. Key aspects of the program include:
1. Developing scopes for alternative technology and innovative energy projects
2. Identifying funding sources for infrastructure challenges
3. Applying, testing, and evaluating new ideas in real environments
Potential projects encompass energy technologies, public safety smart technology, connectivity, health and safety, mobility, alternative energy, complex development, and water. Palmdale's Mayor, Austin Bishop, emphasized the city's commitment to balancing small-town values with innovation. Willdan's CEO, Mike Bieber, highlighted the company's expertise in working with cities and municipal infrastructure for over 60 years.
Willdan Group, Inc. (NASDAQ: WLDN) has been awarded a four-year contract by the City of Seattle to implement its Seattle City Light Energy Design Assistance Program. Under this contract, Willdan will provide technical assistance for energy-efficient design decisions in new multifamily and commercial buildings. The company will also partner with local women- and minority-owned businesses, sharing knowledge and its NEO® software for simplified energy modeling.
Patrick Campbell, Program Manager for Seattle City Light, emphasized the importance of designing buildings with electrification and energy efficiency in mind to achieve the city's shared energy future vision. Mike Bieber, Willdan's CEO, highlighted Seattle City Light's early adoption of energy modeling to advance decarbonization, noting that their tech-enabled approach allows utilities to meet growing demands for new construction while addressing energy goals and following strict energy codes.
Willdan Group, Inc. (Nasdaq: WLDN) has announced the date for its third quarter 2024 earnings release and conference call. The company will release its financial results after the stock market closes on Thursday, October 31, 2024. Following the release, Willdan will host an investor conference call at 5:30 p.m. EDT / 2:30 p.m. PDT.
Investors can access the quarterly conference call through an online audio webcast available on Willdan's website or by dialing 877-407-2988 (or 201-389-0923) at least five minutes before the start time. An online replay of the earnings webcast will be available shortly after the call concludes at the company's investor relations website.
Willdan Group, Inc. (NASDAQ: WLDN) has been selected by Clark County School District for a $102 million energy savings contract covering 204 schools. This marks the second phase of projects for the district, doubling the scope of the first phase. The retrofits and upgrades are expected to yield $170 million in lifetime energy savings and $700,000 in annual operations and maintenance cost savings.
Willdan has engaged over 200 local subcontractors, with 30% certified as Minority- or Women-Owned Business Enterprises. The company also helped secure $6 million in external funding, including $3 million in federal tax benefits. This project showcases Willdan's expertise in helping educational institutions reduce costs and carbon emissions while promoting STEM education initiatives.
Willdan Group (NASDAQ: WLDN) reported strong Q2 2024 financial results, exceeding expectations. Key highlights include:
- Contract revenue up 18.4% to $141.0 million
- Net revenue up 17.0% to $72.5 million
- Net income increased to $4.6 million from $0.4 million
- Adjusted EBITDA up 56.2% to $12.8 million
- GAAP Diluted EPS rose to $0.33 from $0.03
- Adjusted Diluted EPS up to $0.55 from $0.26
The company secured notable contracts with Meta, the State of Virginia, and the City of Paramount, CA. Willdan raised its full-year 2024 financial targets, now expecting net revenue between $280-$290 million, adjusted EBITDA of $50-$52 million, and adjusted diluted EPS of $2.00-$2.10.
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