Willdan Group Stock Price, News & Analysis

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.

Willdan Group, Inc. (NASDAQ: WLDN) has partnered with Green Business Certification Inc. (GBCI) to enhance energy modeling accessibility and affordability through Willdan's Net Energy Optimizer® (NEO). This collaboration aims to support global building projects by providing accurate and cost-effective energy modeling solutions. NEO, utilized in over 800 projects in 2019, streamlines energy analysis for various stakeholders, including architects and contractors. This partnership aligns with GBCI's mission to advance energy-efficient building practices, promoting healthier environments and better economic outcomes.

Willdan Group, Inc. (WLDN) reported its financial results for the third quarter ending October 2, 2020. The company posted consolidated contract revenue of $104.5 million, a decline of 11.1% year-over-year, while net revenue remained flat at $51.0 million, marking a slight increase of 0.3%. Net income rose to $2.6 million or $0.21 per diluted share. Adjusted net income was $8.5 million with adjusted EBITDA at $11.0 million. Willdan secured $781 million in new contracts, expected to enhance future revenue growth.

Willdan Group, Inc. (NASDAQ: WLDN) has been awarded a $42 million contract to establish a Small Commercial Energy Efficiency Program for SDG&E customers. This three-year initiative will assist small businesses with peak demand under 20 kilowatts, focusing on energy efficiency and demand response. Unique features include direct installations, financing options, and specialized assistance for disadvantaged communities. Willdan aims to address rising operational costs for small businesses recovering from the pandemic while expanding its role in California's energy efficiency market.

Willdan Group, Inc. (NASDAQ: WLDN) announced the release of its third quarter financial results, scheduled for November 5, 2020, after market close. The company will host an earnings conference call at 5:30 p.m. Eastern/2:30 p.m. Pacific the same day. Interested parties can access the call via toll-free number +1 866-269-4261 or through a webcast on the company's investor relations website. A replay of the call will be available until November 19, 2020.