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, Inc. (Nasdaq: WLDN) reported first-quarter financial results for 2022, revealing consolidated contract revenue of $91.8 million and a net loss of $3.8 million or $(0.30) per diluted share. Net revenue increased by 4.6% to $50.2 million, while gross profit decreased by 2.4% to $31.4 million. Adjusted net income fell to $0.9 million from $2.7 million a year prior. Despite the losses, management remains optimistic about growth driven by demand in the energy sector and projects that were previously halted due to Covid-19.
Willdan Group, Inc. (NASDAQ: WLDN) will announce its first quarter 2022 financial results on May 5, 2022, post-market close. An investor conference call will follow at 5:30 p.m. ET/2:30 p.m. PT. The call will be accessible via a live audio webcast on Willdan's website and by telephone at 800-285-6670. A replay will be available starting two hours after the call until May 20, 2022. Willdan provides diverse professional and consulting services to utilities and government agencies, including energy efficiency and engineering services.
Willdan Group, Inc. (Nasdaq: WLDN) has secured a two-and-a-half year contract with National Grid (NYSE: NGG) to implement an energy efficiency program aimed at low- to moderate-income customers. This initiative will enhance gas-saving improvements across multiple building systems in New York’s downstate service area, including Brooklyn, Queens, Staten Island, and Long Island. The program is part of a broader statewide effort to improve energy access and affordability, targeting at least 35% of benefits to disadvantaged communities in alignment with New York's Climate Leadership and Community Protection Act.
Willdan Group, Inc. (Nasdaq: WLDN) reported its fiscal results for Q4 and FY 2021, showing consolidated contract revenue of $92.2 million and net revenue of $51.8 million. A net loss of $0.9 million was recorded for Q4, contrasting with a net loss of $4.0 million in Q4 2020. For FY 2021, contract revenue decreased by 9.5% to $353.8 million. Despite this, adjusted net income rose to $19.3 million, marking improved profitability metrics. Looking ahead, Willdan targets ~20% net revenue growth and ~50% EBITDA growth for 2022, indicating a strong outlook.
Willdan Group, Inc. (NASDAQ: WLDN) will announce its fourth quarter and fiscal year 2021 financial results on March 10, 2022, after market close. Following this, an investor conference call will occur at 5:30 p.m. ET. A live audio webcast will be available on the company’s website, along with telephonic access. Willdan provides various professional services to utilities, government agencies, and private sectors, focusing on energy efficiency, engineering, and economic consulting.
Willdan Group, Inc. (NASDAQ: WLDN) has secured a contract from Utah State University (USU) to develop a strategic decarbonization plan for its central utility plant. This initiative, part of USU's broader sustainability efforts, aims to reduce greenhouse gas emissions and achieve carbon neutrality by 2050. Willdan will leverage its expert team to prioritize projects for improving the campus's heating, cooling, and power generation systems, potentially influencing building decarbonization in Utah.
Willdan Group (NASDAQ: WLDN) announced participation in the Sidoti Winter Virtual Investor Conference from January 19-20, 2022. Executives will hold one-on-one meetings with investors on January 20, 2022, although these meetings will not be webcast. An investor presentation document is accessible at ir.willdangroup.com. Willdan provides consulting services across energy efficiency, electric grid solutions, and municipal financial consulting.
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.