Willdan Group, Inc. - WLDN STOCK NEWS

Willdan Group, Inc. (Nasdaq: WLDN) reported its Q2 2022 financial results, with consolidated contract revenue of $102.6 million and net revenue of $52.9 million. Despite a net loss of $4.3 million or $(0.33) per diluted share, revenue increased by 22% year-over-year. Adjusted net loss stood at $0.8 million, leading to adjusted EBITDA of $1.2 million. For the first half of 2022, net revenue rose 8.2% to $103.0 million, with a net loss of $8.1 million. Financial targets have been updated to reflect a minimum 10% revenue growth forecast.

Willdan Group, Inc. (NASDAQ: WLDN) is set to announce its second quarter 2022 financial results on August 4, 2022, after market close. An investor conference call will follow at 5:30 p.m. ET / 2:30 p.m. PT. Interested parties can access the call via a live webcast on Willdan's website or by dialing in. A replay will also be available shortly after the call ends. Willdan provides a range of professional and consulting services to utilities, government agencies, and private industries, emphasizing sustainability and energy efficiency.

Willdan Group, Inc. (NASDAQ: WLDN) has secured contracts worth $1.7 million from Puget Sound Energy (PSE) to enhance services in Washington. The first contract focuses on energy efficiency for new multifamily and commercial buildings, while the second targets energy improvements in existing telecommunications facilities. These contracts underline Willdan's ongoing partnership with PSE, building on a decade of collaboration. Willdan's CEO emphasized the importance of their recent investments in energy modeling that enabled this expansion.

Willdan Group, Inc. (Nasdaq: WLDN) announced participation in two investor conferences in June 2022. The first is the Stifel 2022 Cross Sector Insight Conference on June 7, 2022, at 3:35 PM ET in Boston, MA, with a live webcast available at Willdan's Investor Relations. The second event is ROTH's 8th Annual London Conference on June 22, 2022. Current investor presentation documents can be accessed at ir.willdangroup.com.

Willdan Group, Inc. (Nasdaq: WLDN) reported first-quarter financial results for 2022, revealing consolidated contract revenue of $91.8 million and a net loss of $3.8 million or $(0.30) per diluted share. Net revenue increased by 4.6% to $50.2 million, while gross profit decreased by 2.4% to $31.4 million. Adjusted net income fell to $0.9 million from $2.7 million a year prior. Despite the losses, management remains optimistic about growth driven by demand in the energy sector and projects that were previously halted due to Covid-19.

Willdan Group, Inc. (NASDAQ: WLDN) will announce its first quarter 2022 financial results on May 5, 2022, post-market close. An investor conference call will follow at 5:30 p.m. ET/2:30 p.m. PT. The call will be accessible via a live audio webcast on Willdan's website and by telephone at 800-285-6670. A replay will be available starting two hours after the call until May 20, 2022. Willdan provides diverse professional and consulting services to utilities and government agencies, including energy efficiency and engineering services.

Willdan Group, Inc. (Nasdaq: WLDN) has secured a two-and-a-half year contract with National Grid (NYSE: NGG) to implement an energy efficiency program aimed at low- to moderate-income customers. This initiative will enhance gas-saving improvements across multiple building systems in New York’s downstate service area, including Brooklyn, Queens, Staten Island, and Long Island. The program is part of a broader statewide effort to improve energy access and affordability, targeting at least 35% of benefits to disadvantaged communities in alignment with New York's Climate Leadership and Community Protection Act.

Willdan Group, Inc. (Nasdaq: WLDN) reported its fiscal results for Q4 and FY 2021, showing consolidated contract revenue of $92.2 million and net revenue of $51.8 million. A net loss of $0.9 million was recorded for Q4, contrasting with a net loss of $4.0 million in Q4 2020. For FY 2021, contract revenue decreased by 9.5% to $353.8 million. Despite this, adjusted net income rose to $19.3 million, marking improved profitability metrics. Looking ahead, Willdan targets ~20% net revenue growth and ~50% EBITDA growth for 2022, indicating a strong outlook.

Willdan Group, Inc. (NASDAQ: WLDN) will announce its fourth quarter and fiscal year 2021 financial results on March 10, 2022, after market close. Following this, an investor conference call will occur at 5:30 p.m. ET. A live audio webcast will be available on the company’s website, along with telephonic access. Willdan provides various professional services to utilities, government agencies, and private sectors, focusing on energy efficiency, engineering, and economic consulting.