Willdan Group, Inc. reports developments tied to its technical, consulting, energy, and infrastructure services for utilities, government agencies, and commercial customers. Recurring updates include quarterly operating results, energy efficiency and sustainability programs, electric grid solutions, engineering and planning work, municipal financial consulting, software-supported compliance services, and program implementation for building and utility customers.
The company’s news also includes contract awards for public-sector decarbonization, clean-building, and energy savings programs, as well as commercial energy expansion through acquisitions. Willdan’s acquisition of Burton Energy Group added energy management consulting, energy procurement, energy efficiency, and turnkey asset replacement services for multi-site commercial clients.
Willdan Group (Nasdaq: WLDN) reported third-quarter contract revenue of $214.5 million, with revenue growth alongside lower net income. For the quarter ended October 2, 2026, contract revenue rose 17.9% year over year, while net income fell 13.6% to $11.9 million and diluted earnings per share fell 15.6% to $0.76. Adjusted EBITDA, a non-GAAP operating earnings measure, rose 22.4% to $28.3 million.
Willdan completed its Mantis Innovation acquisition, expanding energy management services for commercial and industrial customers. Nine-month net income rose 32.2% to $44.7 million. The company raised its FY2026 targets to net revenue of $435 million–$445 million, adjusted EBITDA of $109 million–$111 million and adjusted diluted EPS of $5.15–$5.25. Its preliminary FY2027 targets include contract revenue above $1 billion and adjusted EBITDA above $140 million; both years’ targets assume no future acquisitions.
Willdan Group (NASDAQ: WLDN) has received limited notices to proceed for energy infrastructure projects adding 643 MW of capacity. The notices cover engineering and procurement for transformer substations and a battery energy storage system. The projects span California, Texas and Illinois, serving a datacenter, renewable energy projects and battery storage.
Willdan Group (NASDAQ: WLDN) has been selected as one of 26 providers for the New York Power Authority’s Energy Services Program. Providers will serve under ten-year contracts, with projects assigned to qualified providers as needed.
Willdan’s potential services include energy audits, building-system performance reviews, and design and construction services for public and commercial facilities. NYPA has become one of Willdan’s largest customers. The company expects the program to draw on its technical services and energy infrastructure capabilities to support New York State’s clean energy transition.
Willdan Group (NASDAQ: WLDN) has completed its acquisition of Mantis Innovation for $285 million in cash, subject to customary holdbacks and adjustments. The transaction closed after expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and satisfaction of customary closing conditions.
Mantis, headquartered in Houston, provides building controls, energy efficiency, energy advisory and facility management solutions to commercial and industrial customers. Its clients include manufacturing, food and beverage, healthcare and data center businesses. Willdan expects the combination to help customers reduce energy consumption, improve energy procurement and use existing grid capacity more effectively.
Willdan will provide additional transaction details and updated financial guidance during its third-quarter earnings conference call on November 5, 2026.
Willdan Group (WLDN) will release its third-quarter 2026 financial results after the stock market closes on November 5, 2026.
An investor conference call will follow the release, with a live audio webcast available on the company’s website. A webcast replay will be available a few hours after the call ends.
Willdan Group (WLDN) plans to acquire 100% of Mantis Intermediate Holdings, LLC for $285 million in cash, under a definitive Membership Interest Purchase Agreement announced from Anaheim, California. Closing is subject to Hart-Scott-Rodino anti-trust clearance and other customary conditions, and is expected in the fourth quarter of 2026.
Mantis, based in Houston, provides building controls, energy efficiency, energy advisory, and facility management solutions, and has more than 220 employees. Willdan highlighted expanded commercial reach in data centers, food and beverage, healthcare and other industries, and expects Mantis to generate $120 million of net revenue in 2026 with an adjusted EBITDA margin percentage in the low 20s. The acquisition is expected by the company to be accretive to Willdan’s earnings in 2027.
The transaction was unanimously approved by Willdan’s board. Willdan expects to fund it with a new fully underwritten $250 million term loan facility, plus cash on hand and borrowings under existing credit facilities. The parties intend to file their HSR notifications promptly.
Willdan (NASDAQ: WLDN) announced the acquisition of substantially all assets of KCS Corporation, a 15-person engineering consulting firm near Chicago specializing in power delivery engineering for critical infrastructure. The deal expands Willdan’s in-house engineering and project management capabilities, particularly for data centers, battery storage, and grid modernization projects.
Willdan Group (Nasdaq: WLDN) reported second quarter 2026 contract revenue of $231.0 million, up 33.2% year over year, with net revenue of $117.2 million, up 23.5%. Net income rose 57.7% to $24.3 million, generating GAAP diluted EPS of $1.58 and adjusted diluted EPS of $2.07, up 38.0%. Adjusted EBITDA increased 50.6% to $33.0 million.
For the first six months of 2026, contract revenue was $386.1 million (up 18.5%), net revenue $209.7 million (up 16.3%), and net income $32.9 million (up 63.4%), with adjusted EBITDA of $51.1 million (up 40.6%). According to Willdan, normalized growth rates reflect one fewer week in the 2026 first half.
Willdan raised its fiscal 2026 targets to net revenue of $415–$430 million, adjusted EBITDA of $103–$107 million, and adjusted diluted EPS of $5.00–$5.15, assuming 15.9 million diluted shares, a 0% effective tax rate, and no future acquisitions. Long‑term goals include 15%–20% annual revenue and net revenue growth and adjusted EBITDA margins in the high‑20% range.
Willdan Group (NASDAQ: WLDN) has been selected by Encina Wastewater Authority for a $31 million design-build contract to deliver a renewable cogeneration project at Encina’s wastewater treatment facilities in North San Diego County.
The project will use renewable biogas from wastewater treatment to generate on-site electricity and support resilient plant operations. Key components include a new biogas conditioning system, low-emission generators, emissions-reduction upgrades to existing generators, and a battery energy storage system with a microgrid controller, designed to meet 100% of Encina’s current electrical needs and support permit-compliant emission reductions.
Willdan (Nasdaq: WLDN) will release its second quarter 2026 financial results after the market close on Thursday, August 6, 2026. The company will host an investor conference call at 5:30 p.m. EST / 2:30 p.m. PST with a live audio webcast and replay.