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 (NASDAQ: WLDN) has secured a $17.7 million contract from Paramount Unified School District (USD) for engineering and construction oversight services. The project encompasses the installation of 2.2 MW of solar arrays and 44 level 2 electric vehicle charging stations across 11 district sites.
The initiative is projected to reduce carbon emissions by over 1,100 metric tons of CO₂ annually. The contract builds upon Willdan's 50-year collaboration with the City of Paramount and extends their work with U.S. school districts.
Willdan Group (WLDN) reported strong financial results for fiscal year 2024, with contract revenue increasing 10.9% to $565.8 million and net revenue up 9.9% to $296.3 million. The company's net income more than doubled to $22.6 million, while Adjusted EBITDA grew 24.2% to $56.8 million.
Fourth quarter results showed some decline, with contract revenue down 7.5% to $144.1 million and net revenue decreasing 1.9% to $79.3 million. However, cash flow from operations surged 121.6% to $33.5 million.
Looking ahead to 2025, Willdan projects net revenue between $320-330 million and Adjusted EBITDA of $63-67 million. The company also announced the acquisition of Alternative Power Generation, Inc., strengthening its electrical engineering capabilities in data centers and renewables.
Willdan Group (NASDAQ: WLDN) has acquired Alternative Power Generation (APG), an electrical engineering and construction management firm, in a stock purchase completed on March 3. APG, which generated approximately $37 million in revenue in 2024, brings expertise in data center substation design, construction management, microgrids, EV charging stations, and renewable energy projects for the commercial sector.
The acquisition strengthens Willdan's electrical engineering capabilities and enhances its position in the energy transition. By combining APG's electrical engineering expertise with Willdan's existing grid analytics software, energy and economic policy experts, and facility optimization teams, the company aims to support a more resilient energy future. The transaction terms were not disclosed.
Willdan Group (NASDAQ: WLDN) has secured a significant $330-million contract from the Los Angeles Department of Water and Power (LADWP) to manage and implement the Commercial Direct Install Program. The five-year agreement tasks Willdan with providing turnkey energy efficiency, water conservation, and electrification retrofit services to eligible businesses, municipal facilities, and select K-12 schools.
The program supports Los Angeles's renewable energy initiative, which aims to achieve 100% renewable electricity resources by 2035. The contract positions Willdan as a key player in LADWP's mission to deliver cost-effective energy efficiency measures while supporting local businesses and government infrastructure.
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.