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, 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.
Willdan Group, Inc. (NASDAQ: WLDN) has been awarded a $3.8 million energy savings performance contract for The Evergreen State College. This 16-month project includes upgrading Lab II with new HVAC control valves, integrating digital control platforms, and refurbishing outdated systems. Prioritizing budget adherence, the plan uses savings from gas and electricity bills. This marks Willdan's third collaboration with Evergreen, following successful prior projects that reduced gas consumption by 25%.
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.