Willdan Group Stock Price, News & Analysis

Willdan Group, Inc. (NASDAQ: WLDN) will announce its fourth quarter and fiscal year 2021 financial results on March 10, 2022, after market close. Following this, an investor conference call will occur at 5:30 p.m. ET. A live audio webcast will be available on the company’s website, along with telephonic access. Willdan provides various professional services to utilities, government agencies, and private sectors, focusing on energy efficiency, engineering, and economic consulting.

Willdan Group, Inc. (NASDAQ: WLDN) has secured a contract from Utah State University (USU) to develop a strategic decarbonization plan for its central utility plant. This initiative, part of USU's broader sustainability efforts, aims to reduce greenhouse gas emissions and achieve carbon neutrality by 2050. Willdan will leverage its expert team to prioritize projects for improving the campus's heating, cooling, and power generation systems, potentially influencing building decarbonization in Utah.

Willdan Group (NASDAQ: WLDN) announced participation in the Sidoti Winter Virtual Investor Conference from January 19-20, 2022. Executives will hold one-on-one meetings with investors on January 20, 2022, although these meetings will not be webcast. An investor presentation document is accessible at ir.willdangroup.com. Willdan provides consulting services across energy efficiency, electric grid solutions, and municipal financial consulting.

Willdan Group, Inc. (NASDAQ: WLDN) has successfully completed the Local Law 97 Implementation Action Plan for New York City. This plan outlines strategies to reduce greenhouse gas emissions by 40% by 2025 and 50% by 2030, backed by a budget of nearly $4 billion over nine years. Key initiatives include transitioning municipal heating to electric, expanding solar power, and utilizing renewable energy for city operations. This approach aims to meet the ambitious climate goals set by the legislation, further reinforcing Willdan's commitment to sustainability and decarbonization.

Willdan Group, Inc. (NASDAQ: WLDN) has been awarded a $90 million contract by the New York City Housing Authority (NYCHA) to upgrade heating and hot water systems at Tilden and Pink Houses. This project aims for an 80% reduction in greenhouse gas emissions, aligning with NYCHA’s sustainability initiatives. Willdan's innovative design includes advanced heat pumps and new heating technology that enhances indoor comfort. Construction is set to begin in November 2021 for Pink Houses and January 2022 for Tilden Houses.

Willdan Group, Inc. (NASDAQ: WLDN) has appointed Wanda Reder to its Board of Directors, effective December 6, 2021. Reder will also join the Nominating and Corporate Governance Committee and the Compensation Committee. This addition expands the Board to ten members, with nine being independent. Reder brings extensive experience from her leadership roles in major utility-related organizations and consulting services, enhancing Willdan's strategic capabilities.

Willdan Group, Inc. (NASDAQ: WLDN) announced that Eversource will implement LoadSEER software in Massachusetts for enhanced load forecasting and grid planning. This enterprise software license enables Eversource to analyze distributed energy resource adoption and perform scenario analyses on grid impacts from electric vehicles and solar energy. LoadSEER's new data scrubber feature improves data accuracy, reducing processing costs. Willdan's support aims to improve grid reliability as energy patterns evolve. The press release highlights the software's potential for accurate forecasting and effective grid planning.

Willdan Group, Inc. (Nasdaq: WLDN) reported Q3 2021 results, with contract revenue of $98.3 million and net revenue of $54.5 million, marking an increase of 6.8%. Net income was $0.8 million, or $0.06 per diluted share. Adjusted net income stood at $6.9 million, or $0.53 per diluted share. The company noted a 5.9% decline in consolidated contract revenue year-over-year but improved gross profit margin to 38.8%. For the nine months, consolidated contract revenue decreased 11.1% to $261.5 million, with a net loss of $7.5 million. Willdan anticipates double-digit organic growth in the coming three years.

Willdan Group, Inc. (NASDAQ: WLDN) will release its third quarter 2021 financial results after the market closes on November 4, 2021. The company will host an investor conference call at 5:30 p.m. ET on the same day, with a live webcast available on its website. Participants can dial in to the call, with replays accessible through the website or by phone until November 18, 2021.

Willdan provides consulting services across various sectors, including energy efficiency and engineering.