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 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.
Willdan Group, Inc. (NASDAQ: WLDN) has appointed Wanda Reder to its Board of Directors, effective December 6, 2021. Reder will also join the Nominating and Corporate Governance Committee and the Compensation Committee. This addition expands the Board to ten members, with nine being independent. Reder brings extensive experience from her leadership roles in major utility-related organizations and consulting services, enhancing Willdan's strategic capabilities.
Willdan Group, Inc. (NASDAQ: WLDN) announced that Eversource will implement LoadSEER software in Massachusetts for enhanced load forecasting and grid planning. This enterprise software license enables Eversource to analyze distributed energy resource adoption and perform scenario analyses on grid impacts from electric vehicles and solar energy. LoadSEER's new data scrubber feature improves data accuracy, reducing processing costs. Willdan's support aims to improve grid reliability as energy patterns evolve. The press release highlights the software's potential for accurate forecasting and effective grid planning.
Willdan Group, Inc. (Nasdaq: WLDN) reported Q3 2021 results, with contract revenue of $98.3 million and net revenue of $54.5 million, marking an increase of 6.8%. Net income was $0.8 million, or $0.06 per diluted share. Adjusted net income stood at $6.9 million, or $0.53 per diluted share. The company noted a 5.9% decline in consolidated contract revenue year-over-year but improved gross profit margin to 38.8%. For the nine months, consolidated contract revenue decreased 11.1% to $261.5 million, with a net loss of $7.5 million. Willdan anticipates double-digit organic growth in the coming three years.
Willdan Group, Inc. (NASDAQ: WLDN) will release its third quarter 2021 financial results after the market closes on November 4, 2021. The company will host an investor conference call at 5:30 p.m. ET on the same day, with a live webcast available on its website. Participants can dial in to the call, with replays accessible through the website or by phone until November 18, 2021.
Willdan provides consulting services across various sectors, including energy efficiency and engineering.
Willdan Group, Inc. (NASDAQ: WLDN) has secured a $21.2 million contract with the City of Dublin, California, to enhance energy efficiency and implement smart-city upgrades across over 20 sites. The project includes the installation of distributed energy resources, additional solar capacity of 1.4 MW-DC, and electric vehicle chargers. Anticipated completion is within 18-24 months, followed by three years of operational support. The initiative aligns with Dublin's Climate Action Plan and leverages financial incentives from utility programs to offset costs.
Willdan Group, Inc. (Nasdaq: WLDN) has appointed Cynthia Downes to its Board of Directors and designated her for the Audit and Compensation Committees, effective August 4, 2021. This expansion brings the Board to nine members, with eight being independent. Concurrently, Daniel Chow transitions from Chief Operating Officer to an advisory role, continuing to support strategic initiatives. Downes brings 38 years of federal contracting and financial operations experience, enhancing the Board's financial oversight.
Willdan Group, Inc. (WLDN) reported its Q2 2021 financial results, revealing a consolidated contract revenue of $84.2 million, a 0.7% increase. Net revenue rose by 9.4% to $47.3 million. However, the company faced a net loss of $4.6 million or $(0.37) per diluted share. Adjusted net income improved to $3.0 million or $0.24 per diluted share. Despite challenges, including a 13.9% decrease in six-month contract revenue, management expressed optimism about new contracts and a strong pipeline, aiming for double-digit organic growth in the coming years.
Willdan Group, Inc. (NASDAQ: WLDN) is set to announce its second quarter 2021 financial results on August 5, 2021, after market close. An investor conference call will be held at 5:30 p.m. EDT/2:30 p.m. PDT, with a webcast available on Willdan's website. Participants can join by dialing specific numbers, and a replay will be accessible for two weeks after the call. Willdan offers a range of professional consulting services across various sectors, including utilities and government agencies.
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