Welcome to our dedicated page for Willdan Group news (Ticker: WLDN), a resource for investors and traders seeking the latest updates and insights on Willdan Group stock.
Willdan Group, Inc. (NASDAQ: WLDN) delivers specialized engineering, energy efficiency, and infrastructure consulting services to public agencies and utilities nationwide. This centralized news resource provides stakeholders with timely updates on corporate developments, regulatory compliance actions, and strategic initiatives impacting the company's operations.
Investors and industry professionals will find curated press releases covering quarterly earnings, contract awards, technology partnerships, and leadership updates. Our aggregation ensures easy access to essential information about Willdan's work in civil infrastructure, disaster preparedness planning, and sustainable energy solutions.
Key news categories include project milestones in geotechnical engineering, updates to municipal safety standards, and progress reports on statewide energy conservation programs. Bookmark this page for direct access to primary source materials that inform investment decisions and industry analysis.
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.
Willdan Group, Inc. (NASDAQ: WLDN) has secured a $21.2 million contract with the City of Dublin, California, to enhance energy efficiency and implement smart-city upgrades across over 20 sites. The project includes the installation of distributed energy resources, additional solar capacity of 1.4 MW-DC, and electric vehicle chargers. Anticipated completion is within 18-24 months, followed by three years of operational support. The initiative aligns with Dublin's Climate Action Plan and leverages financial incentives from utility programs to offset costs.
Willdan Group, Inc. (Nasdaq: WLDN) has appointed Cynthia Downes to its Board of Directors and designated her for the Audit and Compensation Committees, effective August 4, 2021. This expansion brings the Board to nine members, with eight being independent. Concurrently, Daniel Chow transitions from Chief Operating Officer to an advisory role, continuing to support strategic initiatives. Downes brings 38 years of federal contracting and financial operations experience, enhancing the Board's financial oversight.
Willdan Group, Inc. (WLDN) reported its Q2 2021 financial results, revealing a consolidated contract revenue of $84.2 million, a 0.7% increase. Net revenue rose by 9.4% to $47.3 million. However, the company faced a net loss of $4.6 million or $(0.37) per diluted share. Adjusted net income improved to $3.0 million or $0.24 per diluted share. Despite challenges, including a 13.9% decrease in six-month contract revenue, management expressed optimism about new contracts and a strong pipeline, aiming for double-digit organic growth in the coming years.
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.
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