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. 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) has secured a $21.2 million contract with the City of Dublin, California, to enhance energy efficiency and implement smart-city upgrades across over 20 sites. The project includes the installation of distributed energy resources, additional solar capacity of 1.4 MW-DC, and electric vehicle chargers. Anticipated completion is within 18-24 months, followed by three years of operational support. The initiative aligns with Dublin's Climate Action Plan and leverages financial incentives from utility programs to offset costs.
Willdan Group, Inc. (Nasdaq: WLDN) has appointed Cynthia Downes to its Board of Directors and designated her for the Audit and Compensation Committees, effective August 4, 2021. This expansion brings the Board to nine members, with eight being independent. Concurrently, Daniel Chow transitions from Chief Operating Officer to an advisory role, continuing to support strategic initiatives. Downes brings 38 years of federal contracting and financial operations experience, enhancing the Board's financial oversight.
Willdan Group, Inc. (WLDN) reported its Q2 2021 financial results, revealing a consolidated contract revenue of $84.2 million, a 0.7% increase. Net revenue rose by 9.4% to $47.3 million. However, the company faced a net loss of $4.6 million or $(0.37) per diluted share. Adjusted net income improved to $3.0 million or $0.24 per diluted share. Despite challenges, including a 13.9% decrease in six-month contract revenue, management expressed optimism about new contracts and a strong pipeline, aiming for double-digit organic growth in the coming years.
Willdan Group, Inc. (NASDAQ: WLDN) is set to announce its second quarter 2021 financial results on August 5, 2021, after market close. An investor conference call will be held at 5:30 p.m. EDT/2:30 p.m. PDT, with a webcast available on Willdan's website. Participants can join by dialing specific numbers, and a replay will be accessible for two weeks after the call. Willdan offers a range of professional consulting services across various sectors, including utilities and government agencies.
Willdan Group, Inc. (NASDAQ: WLDN) has secured an $18 million contract from Glendale Water & Power (GWP) for a seven-year project aimed at promoting clean energy in Glendale, California. The deal will enable Lime Energy, Willdan's subsidiary, to deliver approximately 36,500 MWh in energy savings through various energy-efficient upgrades and services for local businesses. This initiative aligns with GWP's sustainability goals, enabling both commercial and industrial customers to reduce their energy consumption significantly.
Willdan Group, Inc. (Nasdaq: WLDN) announced participation in Cowen’s Sustainability & Energy Transition Summit on June 8-9, 2021. The event includes one-on-one investor meetings and a fireside chat on June 8 at 1:50 p.m. EDT. Notably, the investor presentation document is accessible at ir.willdangroup.com. Cowen Inc., founded in 1918, is a diversified financial services firm headquartered in New York, offering various investment banking and research services. Willdan provides professional technical services to utilities and government agencies, focusing on energy efficiency and consulting.
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.