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) is set to release its first quarter 2023 financial results on May 4, 2023, after market close. The company will follow the release with an investor conference call at 5:30 p.m. ET. The conference call will be accessible via an online audio webcast on Willdan's website, where a replay will also be available post-call. Willdan specializes in providing professional, technical, and consulting services across sectors such as utilities, government agencies, and private industry, focusing on areas including energy efficiency, sustainability, and financial consulting. For more insights, visit www.willdan.com.
Willdan Group, Inc. (NASDAQ: WLDN) has secured a contract with the Merced County Association of Governments (MCAG) to create an 'Electric Vehicle Readiness Plan.' This plan will facilitate the development of electric vehicle charging infrastructure in the Merced region, addressing vehicle and charger selection, space availability, permitting, and electrical infrastructure. CEO Tom Brisbin noted that this contract expands Willdan's ongoing electric vehicle planning initiatives across the U.S., aligning with California's push for increased electrification. MCAG aims to prepare for the rising adoption of electric vehicles to enhance regional infrastructure.
Willdan Group (NASDAQ: WLDN) has announced a significant software licensing agreement with one of the largest energy delivery companies in the U.S. The contract grants access to Integral Analytics' LoadSEER software for load and Distributed Energy Resources (DER) forecasting, impacting nearly ten million electric meters. This deployment marks the largest use of LoadSEER to date and aims to support the company's clean energy initiatives, including electric vehicle adoption and gas-to-electricity conversions. Willdan's offerings include software implementation and long-term professional support, positioning them as key players in the evolving energy landscape.
Willdan Group, Inc. (WLDN) reported strong financial results for Q4 and fiscal year 2022, highlighting a 23% increase in consolidated contract revenue to $113.3 million and a 25% rise in net revenue to $64.6 million compared to Q4 2021. Notably, the net loss improved to $(0.4) million, a 52% decrease year-over-year. For FY 2022, contract revenue grew by 21% to $429.1 million, while net revenue increased by 12% to $226.6 million. However, adjusted Diluted EPS fell 43% to $0.88. The company anticipates a net revenue growth of 7% to 9% and adjusted Diluted EPS between $1.24 and $1.32 for FY 2023. Willdan's performance reflects robust demand across its energy efficiency and civil engineering segments.
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