Willdan Group Stock Price, News & Analysis

Willdan Group (NASDAQ: WLDN) has successfully amended its credit facilities, expanding its borrowing capacity from $150 million to $200 million. The restructured agreement includes a $100 million revolver, a $50 million term loan, and a $50 million delayed-draw term loan. Key improvements include extending the maturity date to May 2030, reducing the interest rate spread over SOFR, and maintaining a $75 million accordion feature. The five-member loan syndicate is led by BMO as administrative agent, with Bank of America and JP Morgan as joint lead arrangers.

Willdan Group (NASDAQ: WLDN) has published its 2024 Corporate Sustainability Report, highlighting the company's ESG progress and setting new objectives for sustainable impact. The report features a double materiality assessment aligned with global standards to prioritize value creation initiatives. CEO Mike Bieber emphasized that most of Willdan's client work contributes to sustainability improvements. The company has achieved ISO 14001 certification for its corporate office and plans to expand this environmental management standard to additional locations.

Willdan Group (Nasdaq: WLDN) has scheduled its first quarter 2025 earnings release and conference call. The company will disclose Q1 2025 financial results after market close on Thursday, May 8, 2025, followed by an investor conference call at 5:30 p.m. EST / 2:30 p.m. PST.

Investors can access the live audio webcast through Willdan's website or join via phone by dialing 877-407-2988 (or 201-389-0923) at least five minutes before the start time. A replay of the webcast will be available on the company's investor relations website shortly after the call.

Willdan Group (NASDAQ: WLDN) has secured a $30 million energy savings performance contract from the City of Fairfield to expand energy and infrastructure modernization services for critical facilities. The project scope includes implementing on-site solar photovoltaic energy generation, electric vehicle charging infrastructure, and central plant renovations.

The upgrades will target City Hall, the police department, and other key facilities, focusing on enhancing efficiency, sustainability, and operational performance while reducing climate impacts and generating long-term cost savings. Notably, Willdan has maintained a 25-year partnership with Fairfield, providing engineering, special district and federal compliance financial services, and electrification strategies for transit and municipal fleets.

Willdan Group (NASDAQ: WLDN) has secured a $17.7 million contract from Paramount Unified School District (USD) for engineering and construction oversight services. The project encompasses the installation of 2.2 MW of solar arrays and 44 level 2 electric vehicle charging stations across 11 district sites.

The initiative is projected to reduce carbon emissions by over 1,100 metric tons of CO₂ annually. The contract builds upon Willdan's 50-year collaboration with the City of Paramount and extends their work with U.S. school districts.

Willdan Group (WLDN) reported strong financial results for fiscal year 2024, with contract revenue increasing 10.9% to $565.8 million and net revenue up 9.9% to $296.3 million. The company's net income more than doubled to $22.6 million, while Adjusted EBITDA grew 24.2% to $56.8 million.

Fourth quarter results showed some decline, with contract revenue down 7.5% to $144.1 million and net revenue decreasing 1.9% to $79.3 million. However, cash flow from operations surged 121.6% to $33.5 million.

Looking ahead to 2025, Willdan projects net revenue between $320-330 million and Adjusted EBITDA of $63-67 million. The company also announced the acquisition of Alternative Power Generation, Inc., strengthening its electrical engineering capabilities in data centers and renewables.

Willdan Group (NASDAQ: WLDN) has acquired Alternative Power Generation (APG), an electrical engineering and construction management firm, in a stock purchase completed on March 3. APG, which generated approximately $37 million in revenue in 2024, brings expertise in data center substation design, construction management, microgrids, EV charging stations, and renewable energy projects for the commercial sector.

The acquisition strengthens Willdan's electrical engineering capabilities and enhances its position in the energy transition. By combining APG's electrical engineering expertise with Willdan's existing grid analytics software, energy and economic policy experts, and facility optimization teams, the company aims to support a more resilient energy future. The transaction terms were not disclosed.

Willdan Group (NASDAQ: WLDN) has secured a significant $330-million contract from the Los Angeles Department of Water and Power (LADWP) to manage and implement the Commercial Direct Install Program. The five-year agreement tasks Willdan with providing turnkey energy efficiency, water conservation, and electrification retrofit services to eligible businesses, municipal facilities, and select K-12 schools.

The program supports Los Angeles's renewable energy initiative, which aims to achieve 100% renewable electricity resources by 2035. The contract positions Willdan as a key player in LADWP's mission to deliver cost-effective energy efficiency measures while supporting local businesses and government infrastructure.

Willdan Group (NASDAQ: WLDN) has scheduled its fourth quarter and fiscal year 2024 earnings release for Thursday, March 6, 2025, after market close. The company will host an investor conference call at 5:30 p.m. EST / 2:30 p.m. PST on the same day.

Investors can access the live audio webcast through Willdan's website or join via phone by dialing 877-407-2988 (or 201-389-0923) at least five minutes before the start time. A replay of the webcast will be available on the company's investor relations website shortly after the call.