Willdan Group Stock Price, News & Analysis

Willdan Group, Inc. (NASDAQ: WLDN) is set to release its first quarter 2023 financial results on May 4, 2023, after market close. The company will follow the release with an investor conference call at 5:30 p.m. ET. The conference call will be accessible via an online audio webcast on Willdan's website, where a replay will also be available post-call. Willdan specializes in providing professional, technical, and consulting services across sectors such as utilities, government agencies, and private industry, focusing on areas including energy efficiency, sustainability, and financial consulting. For more insights, visit www.willdan.com.

Willdan Group, Inc. (NASDAQ: WLDN) has secured a contract with the Merced County Association of Governments (MCAG) to create an 'Electric Vehicle Readiness Plan.' This plan will facilitate the development of electric vehicle charging infrastructure in the Merced region, addressing vehicle and charger selection, space availability, permitting, and electrical infrastructure. CEO Tom Brisbin noted that this contract expands Willdan's ongoing electric vehicle planning initiatives across the U.S., aligning with California's push for increased electrification. MCAG aims to prepare for the rising adoption of electric vehicles to enhance regional infrastructure.

Willdan Group (NASDAQ: WLDN) has announced a significant software licensing agreement with one of the largest energy delivery companies in the U.S. The contract grants access to Integral Analytics' LoadSEER software for load and Distributed Energy Resources (DER) forecasting, impacting nearly ten million electric meters. This deployment marks the largest use of LoadSEER to date and aims to support the company's clean energy initiatives, including electric vehicle adoption and gas-to-electricity conversions. Willdan's offerings include software implementation and long-term professional support, positioning them as key players in the evolving energy landscape.

Willdan Group, Inc. (WLDN) reported strong financial results for Q4 and fiscal year 2022, highlighting a 23% increase in consolidated contract revenue to $113.3 million and a 25% rise in net revenue to $64.6 million compared to Q4 2021. Notably, the net loss improved to $(0.4) million, a 52% decrease year-over-year. For FY 2022, contract revenue grew by 21% to $429.1 million, while net revenue increased by 12% to $226.6 million. However, adjusted Diluted EPS fell 43% to $0.88. The company anticipates a net revenue growth of 7% to 9% and adjusted Diluted EPS between $1.24 and $1.32 for FY 2023. Willdan's performance reflects robust demand across its energy efficiency and civil engineering segments.

Willdan Group, Inc. (NASDAQ: WLDN) is set to release its fourth-quarter 2022 financial results on March 9, 2023, after market close. Following this release, an investor conference call will take place at 5:30 p.m. ET (2:30 p.m. PT). The call will be accessible via a live audio webcast on Willdan's investor relations website. Investors can also dial in to participate. As a provider of professional services to utilities, government agencies, and private industry, Willdan's diverse offerings include energy efficiency, engineering, and financial consulting.

Willdan Group, Inc. (NASDAQ: WLDN) has announced a comprehensive decarbonization plan for five national parks in the Lake Superior region. The initiative, revealed at the Great Northern Festival, aims for a 100% reduction in greenhouse gas emissions through an investment of approximately $15 million. The plan includes energy efficiency upgrades and the electrification of heating and vehicles across 131 buildings, employing technologies such as air-source cold climate heat pumps. Support for this initiative stems from the Inflation Reduction Act, demonstrating a model for sustainable practices applicable to other parks nationwide.

Willdan Group, Inc. (NASDAQ: WLDN) has announced a $4.3 million contract for upgrades to the Weyerhaeuser King County Aquatic Center through energy savings performance contracts. The upgrades, guided by a competitive investment grade audit, include refinishing pool surfaces and replacing HVAC and heating equipment with a high-efficiency, all-electric system. This initiative aligns with King County's commitment to low-carbon improvements and follows Willdan's prior energy projects at the facility, which has hosted over 50 events annually and generates more than $7.5 million in economic impact for the region.

Willdan Group, Inc. (NASDAQ: WLDN) has secured a $5 million contract from Trinidad School District for energy and infrastructure renovations at Trinidad High School. The project will enhance the school's HVAC, ventilation, and lighting systems, along with replacing the roof and plumbing across three buildings. Willdan had previously developed a master plan for the district and conducted prior upgrades for Trinidad Middle School. This contract reflects Willdan's ongoing commitment to improving educational facilities and energy efficiency.