Willdan Group Stock Price, News & Analysis

Willdan Group, Inc. (NASDAQ: WLDN) is set to announce its second quarter 2021 financial results on August 5, 2021, after market close. An investor conference call will be held at 5:30 p.m. EDT/2:30 p.m. PDT, with a webcast available on Willdan's website. Participants can join by dialing specific numbers, and a replay will be accessible for two weeks after the call. Willdan offers a range of professional consulting services across various sectors, including utilities and government agencies.

Willdan Group, Inc. (NASDAQ: WLDN) has secured an $18 million contract from Glendale Water & Power (GWP) for a seven-year project aimed at promoting clean energy in Glendale, California. The deal will enable Lime Energy, Willdan's subsidiary, to deliver approximately 36,500 MWh in energy savings through various energy-efficient upgrades and services for local businesses. This initiative aligns with GWP's sustainability goals, enabling both commercial and industrial customers to reduce their energy consumption significantly.

Willdan Group, Inc. (Nasdaq: WLDN) announced participation in Cowen’s Sustainability & Energy Transition Summit on June 8-9, 2021. The event includes one-on-one investor meetings and a fireside chat on June 8 at 1:50 p.m. EDT. Notably, the investor presentation document is accessible at ir.willdangroup.com. Cowen Inc., founded in 1918, is a diversified financial services firm headquartered in New York, offering various investment banking and research services. Willdan provides professional technical services to utilities and government agencies, focusing on energy efficiency and consulting.

Willdan Group, Inc. (Nasdaq: WLDN) reported a net loss of $3.8 million for Q1 2021, a significant improvement from a $8.2 million loss in Q1 2020. Consolidated contract revenue dropped by 25.4% to $79.1 million, primarily due to Covid-19 impacts. However, adjusted net income rose to $2.7 million from a loss of $1.5 million year-over-year. Cash provided by operating activities was $5.6 million. Willdan expects resumed operations in California to bolster future revenues, with several new contracts and approvals in the pipeline.

Willdan Group, Inc. (Nasdaq: WLDN) announced the resignation of Chief Financial Officer Stacy McLaughlin, who will serve as a consultant for six months to aid in the transition. Creighton (Kim) Early, the current Executive Vice President of Willdan Energy Solutions, will take over as CFO. McLaughlin has been with Willdan for 10 years and expressed gratitude for her role. Early has extensive experience, including previous CFO roles and significant work in energy and infrastructure sectors.

Willdan Group, Inc. (NASDAQ: WLDN) announced a five-year deployment of its Integral Analytics LoadSEER software by California's largest utility, PG&E. This upgraded software will enhance spatial load and distributed energy resource forecasting, supporting PG&E's integrated distribution resource planning efforts. Willdan's CEO highlighted the value of this collaboration for improving decision-making in a rapidly evolving energy landscape. Willdan provides an array of technical services to utilities and government agencies, focusing on energy efficiency and grid solutions.

Willdan Group, Inc. (NASDAQ: WLDN) will release its first quarter 2021 financial results on May 6, 2021, after market close. An investor conference call is scheduled for 5:30 p.m. ET on the same day. Interested parties can access the call via a toll-free number or join a webcast. For those unable to listen live, a replay will be available on the investor relations website until May 20, 2021. Willdan offers a range of professional technical and consulting services primarily to utilities, government agencies, and the private sector.

Willdan Group (NASDAQ: WLDN) has been appointed as the design-build lead for facility improvements in Pueblo County School District 70, with a total project budget of up to $76 million. The initial fee for design and pre-construction is $1.4 million. Funding has been secured through a BEST grant and a voter-approved bond, focusing on major upgrades to mechanical, electrical, plumbing systems, and security measures, including $6.3 million for COVID-19 mitigation. Project work begins in summer 2021, encompassing renovations across 19 schools and four district buildings.

Willdan Group, Inc. (WLDN) reported its Q4 and fiscal 2020 financial results, revealing a consolidated contract revenue decrease of 25.1% to $96.9 million in Q4, and a fiscal year revenue decline of 11.8% to $391.0 million. The company incurred a net loss of $4.0 million in Q4, translating to $(0.33) per diluted share, and an annual net loss of $14.5 million, or $(1.23) per diluted share. Adjusted net income for Q4 was $5.6 million, with adjusted EBITDA of $8.6 million. Despite these challenges, Willdan secured $781 million in contracts, positioning for future growth.