Willdan Group Stock Price, News & Analysis

Willdan Group, Inc. (NASDAQ: WLDN) has been awarded an $11 million contract by Azusa Unified School District to enhance energy conservation and infrastructure across 12 campuses. The project will focus on upgrading HVAC systems, air filtration, and overall occupant comfort. The district is utilizing the Elementary and Secondary School Emergency Relief Fund to finance these improvements, aiming to boost indoor air quality and ensure safe operations for students and staff.

Willdan Group, Inc. (Nasdaq: WLDN) reported its third quarter financial results for 2022, revealing a consolidated contract revenue of $121.4 million, marking a 23.5% increase year-over-year. Net revenue rose 8.2% to $58.9 million, while net income was $0.1 million or $0.01 per diluted share. Adjusted net income stood at $5.6 million, with an adjusted EBITDA of $8.0 million. For the nine months, consolidated contract revenue reached $315.9 million but reported a net loss of $8.0 million.

Willdan Group, Inc. (NASDAQ: WLDN) has secured a $57 million contract for a three-year small business energy efficiency program across several states. The company has been providing these services since the program's launch, focusing on technical support and project implementation related to refrigeration, HVAC, and lighting upgrades.

CEO Tom Brisbin emphasized the program's role in aiding small businesses post-pandemic while contributing to reduced carbon footprints. For more details about Willdan's offerings, visit their website.

Willdan Group, Inc. (Nasdaq: WLDN) is set to release its third quarter 2022 financial results on November 3, 2022, after the market closes. An investor conference call will follow at 5:30 p.m. ET (2:30 p.m. PT). Investors can access a live audio webcast on Willdan's website or via telephonic means. The call will also be available for replay shortly after its conclusion through November 17, 2022.

Willdan Group, Inc. (Nasdaq: WLDN) reported its Q2 2022 financial results, with consolidated contract revenue of $102.6 million and net revenue of $52.9 million. Despite a net loss of $4.3 million or $(0.33) per diluted share, revenue increased by 22% year-over-year. Adjusted net loss stood at $0.8 million, leading to adjusted EBITDA of $1.2 million. For the first half of 2022, net revenue rose 8.2% to $103.0 million, with a net loss of $8.1 million. Financial targets have been updated to reflect a minimum 10% revenue growth forecast.

Willdan Group, Inc. (NASDAQ: WLDN) is set to announce its second quarter 2022 financial results on August 4, 2022, after market close. An investor conference call will follow at 5:30 p.m. ET / 2:30 p.m. PT. Interested parties can access the call via a live webcast on Willdan's website or by dialing in. A replay will also be available shortly after the call ends. Willdan provides a range of professional and consulting services to utilities, government agencies, and private industries, emphasizing sustainability and energy efficiency.

Willdan Group, Inc. (NASDAQ: WLDN) has secured contracts worth $1.7 million from Puget Sound Energy (PSE) to enhance services in Washington. The first contract focuses on energy efficiency for new multifamily and commercial buildings, while the second targets energy improvements in existing telecommunications facilities. These contracts underline Willdan's ongoing partnership with PSE, building on a decade of collaboration. Willdan's CEO emphasized the importance of their recent investments in energy modeling that enabled this expansion.

Willdan Group, Inc. (Nasdaq: WLDN) announced participation in two investor conferences in June 2022. The first is the Stifel 2022 Cross Sector Insight Conference on June 7, 2022, at 3:35 PM ET in Boston, MA, with a live webcast available at Willdan's Investor Relations. The second event is ROTH's 8th Annual London Conference on June 22, 2022. Current investor presentation documents can be accessed at ir.willdangroup.com.

Willdan Group, Inc. (Nasdaq: WLDN) reported first-quarter financial results for 2022, revealing consolidated contract revenue of $91.8 million and a net loss of $3.8 million or $(0.30) per diluted share. Net revenue increased by 4.6% to $50.2 million, while gross profit decreased by 2.4% to $31.4 million. Adjusted net income fell to $0.9 million from $2.7 million a year prior. Despite the losses, management remains optimistic about growth driven by demand in the energy sector and projects that were previously halted due to Covid-19.