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) reported a net loss of $3.8 million for Q1 2021, a significant improvement from a $8.2 million loss in Q1 2020. Consolidated contract revenue dropped by 25.4% to $79.1 million, primarily due to Covid-19 impacts. However, adjusted net income rose to $2.7 million from a loss of $1.5 million year-over-year. Cash provided by operating activities was $5.6 million. Willdan expects resumed operations in California to bolster future revenues, with several new contracts and approvals in the pipeline.
Willdan Group, Inc. (Nasdaq: WLDN) announced the resignation of Chief Financial Officer Stacy McLaughlin, who will serve as a consultant for six months to aid in the transition. Creighton (Kim) Early, the current Executive Vice President of Willdan Energy Solutions, will take over as CFO. McLaughlin has been with Willdan for 10 years and expressed gratitude for her role. Early has extensive experience, including previous CFO roles and significant work in energy and infrastructure sectors.
Willdan Group, Inc. (NASDAQ: WLDN) announced a five-year deployment of its Integral Analytics LoadSEER software by California's largest utility, PG&E. This upgraded software will enhance spatial load and distributed energy resource forecasting, supporting PG&E's integrated distribution resource planning efforts. Willdan's CEO highlighted the value of this collaboration for improving decision-making in a rapidly evolving energy landscape. Willdan provides an array of technical services to utilities and government agencies, focusing on energy efficiency and grid solutions.
Willdan Group, Inc. (NASDAQ: WLDN) will release its first quarter 2021 financial results on May 6, 2021, after market close. An investor conference call is scheduled for 5:30 p.m. ET on the same day. Interested parties can access the call via a toll-free number or join a webcast. For those unable to listen live, a replay will be available on the investor relations website until May 20, 2021. Willdan offers a range of professional technical and consulting services primarily to utilities, government agencies, and the private sector.
Willdan Group (NASDAQ: WLDN) has been appointed as the design-build lead for facility improvements in Pueblo County School District 70, with a total project budget of up to $76 million. The initial fee for design and pre-construction is $1.4 million. Funding has been secured through a BEST grant and a voter-approved bond, focusing on major upgrades to mechanical, electrical, plumbing systems, and security measures, including $6.3 million for COVID-19 mitigation. Project work begins in summer 2021, encompassing renovations across 19 schools and four district buildings.
Willdan Group, Inc. (WLDN) reported its Q4 and fiscal 2020 financial results, revealing a consolidated contract revenue decrease of 25.1% to $96.9 million in Q4, and a fiscal year revenue decline of 11.8% to $391.0 million. The company incurred a net loss of $4.0 million in Q4, translating to $(0.33) per diluted share, and an annual net loss of $14.5 million, or $(1.23) per diluted share. Adjusted net income for Q4 was $5.6 million, with adjusted EBITDA of $8.6 million. Despite these challenges, Willdan secured $781 million in contracts, positioning for future growth.
Willdan Group, Inc. (NASDAQ: WLDN) will release its fourth quarter and full year 2020 financial results on March 11, 2021, after market close. A conference call will occur the same day at 5:30 p.m. ET, accessible via a toll-free dial-in number and a webcast on Willdan's investor relations website. The replay will be available for 12 months, with a telephonic option through March 25, 2021. Willdan provides a range of professional services to utilities, government, and private sectors, covering energy efficiency, engineering, and economic consulting.
Willdan Group, Inc. (NASDAQ: WLDN) has secured a contract from FirstEnergy Corp to expand its Small Business Solutions – Direct Install Program in Maryland. This three-year initiative now includes services such as real-time energy modeling and advanced building operations. Willdan previously surpassed goals of the program during the 2018-2020 cycle, showcasing its ability to deliver significant energy savings. CEO Tom Brisbin expressed gratitude for the expanded role, which aims to maximize energy savings for commercial customers.
Willdan Group, Inc. (NASDAQ: WLDN) has secured a $10 million contract with Pacific Gas and Electric Company (PG&E) for an energy efficiency program aimed at K-12 public schools and government buildings. The four-and-a-half-year contract is notable for integrating energy efficiency and demand-side management. This performance-based contract includes a pathway for measuring energy savings through Normalized Metered Energy Consumption (NMEC). Willdan plans to utilize its analytical tools and partnerships to enhance energy efficiency and support grid resiliency amid California's increasing wildfire risks.
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