Willdan Group Stock Price, News & Analysis

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.

Willdan Group (NASDAQ: WLDN) has announced the acquisition of Alpha Inspections Inc., a Florida-based building and safety firm, through a stock purchase completed on January 31. Alpha, which generated approximately $5 million in revenue in 2024, specializes in building administration, inspection, plan review, and building official services for Florida jurisdictions.

While specific transaction terms were not disclosed, the acquisition represents a strategic expansion of Willdan's presence in Florida. Mike Bieber, Willdan's CEO, emphasized the alignment of professional service standards between the two companies, while Alpha's President Jennifer Murphy highlighted the shared values and enhanced service capabilities that will result from the merger.

Willdan Group (NASDAQ: WLDN) has secured an $11 million energy and infrastructure modernization project from the City of South Lake Tahoe, California. The two-year initiative aims to combine energy and operational efficiencies to support the city's future growth and sustainability goals.

The project scope includes installation of a cogeneration microturbine, photovoltaic solar panels with 415 kWdc capacity, and advanced building automation systems across all City-operated buildings. Additional implementations include right-sized water meters, energy-efficient power transformers, and a new CO2 ice plant for the community's ice arena.

This initiative aligns with South Lake Tahoe's Climate Action Plan, which targets 100% municipal renewable energy by 2032 and a 50% reduction in community-wide emissions by 2030.

Willdan Group (NASDAQ: WLDN) has published a significant study through its subsidiary E3 on the impact of data center growth in Virginia's electric grid and ratepayers. The study, commissioned by the Virginia Joint Legislative Audit and Review Commission (JLARC), reveals three key findings: data center growth will be by energy infrastructure development, achieving clean energy goals will require unprecedented investments in diverse generation resources, and innovative cost allocation methods will be needed to protect existing ratepayers. The analysis aims to guide Virginia's grid investment strategy while maintaining reliability and advancing clean energy objectives.

Willdan Group (NASDAQ: WLDN) has been selected to implement Snohomish County Public Utility District's (SnoPUD) new energy efficiency program targeting telecommunications and data center facilities. The three-year program will focus on evaluating mission-critical facilities for energy efficiency opportunities, helping facilities apply for utility incentives, and implementing efficiency projects. The initiative aims to promote energy conservation across SnoPUD's territory, benefiting both targeted industries and the broader customer base.

Willdan Group (NASDAQ: WLDN) has secured a $4.5 million three-year contract with the City of Bellflower to provide in-house building division operations and fire plan inspection review services. The contract expands Willdan's presence in Los Angeles County, with the company being selected for their expertise and personalized approach to ensure a seamless transition in delivering building and safety services essential for residents and business owners.

Willdan Group (WLDN) reported strong Q3 2024 financial results with significant growth across key metrics. Contract revenue increased 19.2% to $158.3 million, while net revenue rose 15.9% to $75.7 million. Net income jumped to $7.3 million from $1.6 million, with GAAP Diluted EPS increasing to $0.51 from $0.11. The company acquired Enica Engineering to strengthen its commercial market position and raised its full-year 2024 targets, now expecting net revenue between $285-295 million and Adjusted Diluted EPS between $2.15-$2.25.

Willdan Group (NASDAQ: WLDN) has acquired Enica Engineering's assets, an energy and building automation solutions firm specializing in mission-critical energy services for the commercial sector. Enica, founded in 2010, serves pharmaceutical, biotech, private higher education, and surgical hospital clients in the Northeast United States. The acquisition is projected to generate approximately $10 million in revenue in 2024 and is expected to be accretive to earnings in 2025. The deal enhances Willdan's commercial customer base and expands its specialized technical capabilities in critical building energy systems.

Willdan Group, Inc. (NASDAQ: WLDN) has been chosen as the City of Palmdale's consultant for a new Innovation and Smart City Program. The three-year contract involves Willdan leading efforts to develop innovative solutions and smart city initiatives. Key aspects of the program include:

1. Developing scopes for alternative technology and innovative energy projects
2. Identifying funding sources for infrastructure challenges
3. Applying, testing, and evaluating new ideas in real environments

Potential projects encompass energy technologies, public safety smart technology, connectivity, health and safety, mobility, alternative energy, complex development, and water. Palmdale's Mayor, Austin Bishop, emphasized the city's commitment to balancing small-town values with innovation. Willdan's CEO, Mike Bieber, highlighted the company's expertise in working with cities and municipal infrastructure for over 60 years.