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, 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.
Willdan Group, Inc. (NASDAQ: WLDN) has successfully completed energy efficiency projects for a major data center in the Pacific Northwest, resulting in annual savings of over 4.1M kWh and a peak load reduction of 475 kW. The company secured $1.7 million in incentives through local utility programs to fund the early replacement of uninterruptible power supply systems. This project, part of a decade-long collaboration with a national telecommunications service provider, was executed without causing data center downtime.
The energy savings achieved are equivalent to avoiding 2,908 metric tons of CO2 emissions or removing 692 gasoline-powered vehicles from the road for a year. Willdan's CEO, Mike Bieber, emphasized the importance of energy efficiency strategies in reducing cooling loads and increasing reliability, especially as new technologies like AI potentially increase data center energy consumption.
Willdan Group, Inc. (NASDAQ: WLDN) announced that its subsidiary, Energy + Environmental Economics (E3), has been chosen by Pasadena Water and Power to develop an Optimized Strategic Plan for sourcing carbon-free electricity. The plan aims to help Pasadena achieve its goal of 100% carbon-free electricity by 2030.
E3 will explore various options, including distributed energy resources, renewables, storage, and emerging technologies, to create a balanced plan that addresses Pasadena's carbon goals while ensuring reliability and cost-effectiveness. This project highlights the growing demand for E3's expertise in developing climate action plans as more cities establish ambitious climate goals.
Willdan Group (Nasdaq: WLDN) has announced the date for its second quarter 2024 earnings release and conference call. The company will release its financial results after the stock market closes on Thursday, August 1, 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 call through an online audio webcast available on Willdan's website or by dialing in. An online replay of the earnings webcast will be available shortly after the call concludes. This announcement provides investors with important information about accessing Willdan's upcoming financial results and participating in the investor call.
Willdan Group (Nasdaq: WLDN) has announced the release date for its second quarter 2024 financial results. The report will be available after the market closes on Thursday, August 1, 2024.
Following the release, an investor conference call will be hosted by Willdan at 5:30 p.m. EDT/2:30 p.m. PDT. The call can be accessed via a live audio webcast on Willdan’s website or by dialing 877-407-2988 (or 201-389-0923).
A replay of the webcast will be available online a few hours after the call concludes.
Willdan Group, Inc. reported strong financial results for the first quarter of 2024, with increased revenue, profitability, earnings, and cash flow. The company saw growth in government and utility customers, as well as software sales. Highlights include a 19.4% increase in consolidated contract revenue, a 11.7% increase in net revenue, and a significant improvement in net income and adjusted EBITDA. Willdan reaffirmed its 2024 financial targets, including net revenue between $270 million and $280 million, adjusted EPS between $1.80 and $1.87, and adjusted EBITDA between $48 million and $50 million.
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