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. (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.