Willdan Group Stock Price, News & Analysis

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.

Willdan Group, Inc. (NASDAQ: WLDN) has been awarded a four-year contract by the City of Seattle to implement its Seattle City Light Energy Design Assistance Program. Under this contract, Willdan will provide technical assistance for energy-efficient design decisions in new multifamily and commercial buildings. The company will also partner with local women- and minority-owned businesses, sharing knowledge and its NEO® software for simplified energy modeling.

Patrick Campbell, Program Manager for Seattle City Light, emphasized the importance of designing buildings with electrification and energy efficiency in mind to achieve the city's shared energy future vision. Mike Bieber, Willdan's CEO, highlighted Seattle City Light's early adoption of energy modeling to advance decarbonization, noting that their tech-enabled approach allows utilities to meet growing demands for new construction while addressing energy goals and following strict energy codes.

Willdan Group, Inc. (Nasdaq: WLDN) has announced the date for its third quarter 2024 earnings release and conference call. The company will release its financial results after the stock market closes on Thursday, October 31, 2024. Following the release, Willdan will host an investor conference call at 5:30 p.m. EDT / 2:30 p.m. PDT.

Investors can access the quarterly conference call through an online audio webcast available on Willdan's website or by dialing 877-407-2988 (or 201-389-0923) at least five minutes before the start time. An online replay of the earnings webcast will be available shortly after the call concludes at the company's investor relations website.

Willdan Group, Inc. (NASDAQ: WLDN) has been selected by Clark County School District for a $102 million energy savings contract covering 204 schools. This marks the second phase of projects for the district, doubling the scope of the first phase. The retrofits and upgrades are expected to yield $170 million in lifetime energy savings and $700,000 in annual operations and maintenance cost savings.

Willdan has engaged over 200 local subcontractors, with 30% certified as Minority- or Women-Owned Business Enterprises. The company also helped secure $6 million in external funding, including $3 million in federal tax benefits. This project showcases Willdan's expertise in helping educational institutions reduce costs and carbon emissions while promoting STEM education initiatives.

Willdan Group (NASDAQ: WLDN) reported strong Q2 2024 financial results, exceeding expectations. Key highlights include:

- Contract revenue up 18.4% to $141.0 million
- Net revenue up 17.0% to $72.5 million
- Net income increased to $4.6 million from $0.4 million
- Adjusted EBITDA up 56.2% to $12.8 million
- GAAP Diluted EPS rose to $0.33 from $0.03
- Adjusted Diluted EPS up to $0.55 from $0.26

The company secured notable contracts with Meta, the State of Virginia, and the City of Paramount, CA. Willdan raised its full-year 2024 financial targets, now expecting net revenue between $280-$290 million, adjusted EBITDA of $50-$52 million, and adjusted diluted EPS of $2.00-$2.10.

Willdan Group, Inc. (NASDAQ: WLDN) has successfully completed energy efficiency projects for a major data center in the Pacific Northwest, resulting in annual savings of over 4.1M kWh and a peak load reduction of 475 kW. The company secured $1.7 million in incentives through local utility programs to fund the early replacement of uninterruptible power supply systems. This project, part of a decade-long collaboration with a national telecommunications service provider, was executed without causing data center downtime.

The energy savings achieved are equivalent to avoiding 2,908 metric tons of CO2 emissions or removing 692 gasoline-powered vehicles from the road for a year. Willdan's CEO, Mike Bieber, emphasized the importance of energy efficiency strategies in reducing cooling loads and increasing reliability, especially as new technologies like AI potentially increase data center energy consumption.

Willdan Group, Inc. (NASDAQ: WLDN) announced that its subsidiary, Energy + Environmental Economics (E3), has been chosen by Pasadena Water and Power to develop an Optimized Strategic Plan for sourcing carbon-free electricity. The plan aims to help Pasadena achieve its goal of 100% carbon-free electricity by 2030.

E3 will explore various options, including distributed energy resources, renewables, storage, and emerging technologies, to create a balanced plan that addresses Pasadena's carbon goals while ensuring reliability and cost-effectiveness. This project highlights the growing demand for E3's expertise in developing climate action plans as more cities establish ambitious climate goals.

Willdan Group (Nasdaq: WLDN) has announced the date for its second quarter 2024 earnings release and conference call. The company will release its financial results after the stock market closes on Thursday, August 1, 2024. Following the release, Willdan will host an investor conference call at 5:30 p.m. EDT/2:30 p.m. PDT.

Investors can access the call through an online audio webcast available on Willdan's website or by dialing in. An online replay of the earnings webcast will be available shortly after the call concludes. This announcement provides investors with important information about accessing Willdan's upcoming financial results and participating in the investor call.

Willdan Group (Nasdaq: WLDN) has announced the release date for its second quarter 2024 financial results. The report will be available after the market closes on Thursday, August 1, 2024.

Following the release, an investor conference call will be hosted by Willdan at 5:30 p.m. EDT/2:30 p.m. PDT. The call can be accessed via a live audio webcast on Willdan’s website or by dialing 877-407-2988 (or 201-389-0923).

A replay of the webcast will be available online a few hours after the call concludes.