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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) 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.
Willdan Group, Inc. (NASDAQ: WLDN) has secured a contract from Utah State University (USU) to develop a strategic decarbonization plan for its central utility plant. This initiative, part of USU's broader sustainability efforts, aims to reduce greenhouse gas emissions and achieve carbon neutrality by 2050. Willdan will leverage its expert team to prioritize projects for improving the campus's heating, cooling, and power generation systems, potentially influencing building decarbonization in Utah.
Willdan Group (NASDAQ: WLDN) announced participation in the Sidoti Winter Virtual Investor Conference from January 19-20, 2022. Executives will hold one-on-one meetings with investors on January 20, 2022, although these meetings will not be webcast. An investor presentation document is accessible at ir.willdangroup.com. Willdan provides consulting services across energy efficiency, electric grid solutions, and municipal financial consulting.
Willdan Group, Inc. (NASDAQ: WLDN) has successfully completed the Local Law 97 Implementation Action Plan for New York City. This plan outlines strategies to reduce greenhouse gas emissions by 40% by 2025 and 50% by 2030, backed by a budget of nearly $4 billion over nine years. Key initiatives include transitioning municipal heating to electric, expanding solar power, and utilizing renewable energy for city operations. This approach aims to meet the ambitious climate goals set by the legislation, further reinforcing Willdan's commitment to sustainability and decarbonization.
Willdan Group, Inc. (NASDAQ: WLDN) has been awarded a $90 million contract by the New York City Housing Authority (NYCHA) to upgrade heating and hot water systems at Tilden and Pink Houses. This project aims for an 80% reduction in greenhouse gas emissions, aligning with NYCHA’s sustainability initiatives. Willdan's innovative design includes advanced heat pumps and new heating technology that enhances indoor comfort. Construction is set to begin in November 2021 for Pink Houses and January 2022 for Tilden Houses.
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