Willdan Group, Inc., together with its subsidiaries, provides professional, technical and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services, as well as software and data analytics. The Engineering and Consulting segment provides building and safety, city engineering, code enforcement, development plan review and inspection, disaster recovery, geotechnical and earthquake engineering, planning and surveying, contract staff support, program and construction management, structural engineering, transportation and traffic engineering, and water resources services. This segment also offers district administration, financial consulting, and federal compliance services; emergency preparedness, planning, training, and exercise services; and communications and technology services. The company serves public and governmental agencies, including cities, counties, redevelopment agencies, water districts, school districts, and universities; investor and municipal owned energy utilities; state and federal agencies; commercial and industrial firms; and tribal governments, as well as various other special districts and agencies. Willdan Group, Inc. was founded in 1964 and is headquartered in Anaheim, California.
IPO Year: 2006
Exchange: NASDAQ
Website: willdan.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/3/2024 | $35.00 → $51.00 | Outperform | Wedbush |
8/6/2021 | $58.00 → $45.00 | Buy | Roth Capital |
Wedbush resumed coverage of Willdan Group with a rating of Outperform and set a new price target of $51.00 from $35.00 previously
Roth Capital reiterated coverage of Willdan Group with a rating of Buy and set a new price target of $45.00 from $58.00 previously
Wedbush resumed coverage of Willdan Group with a rating of Outperform
BOSTON--(BUSINESS WIRE)--Axius Water, the leading water quality solutions platform created by KKR and XPV Water Partners to address pressing water quality challenges across the globe, today unveiled its new corporate name and announced the appointment of Gretchen McClain and Debra Coy to the Company’s Board as Independent Directors. Axius Water is the new name for the platform established by KKR’s Global Impact Fund and XPV Water Partners in December 2019 with the foundational acquisitions of Nexom and Environmental Operating Solutions, Inc (EOSi), and the subsequent acquisition of Environmental Dynamics International (EDI) in June 2020. The platform is led by veteran executive C
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Willdan Group, Inc. (NASDAQ:WLDN) announced today that Clark County School District – the fifth largest school district in the United States – has selected Willdan for a $102 million contract to deliver energy-saving projects across 204 schools. The retrofits and upgrades will save the District an estimated $170 million in lifetime energy savings and an estimated $700,000 in annual operations and maintenance costs. This contract marks the second phase of projects that Willdan will implement for the District, encompassing approximately double the square footage and energy savings, compared to the first phase. Willdan has engaged more than 200 local subcontractors to deliver this contract,
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN) today reported financial results for its second quarter ended June 28, 2024. Second Quarter 2024 Highlights* Contract revenue of $141.0 million, up 18.4%. Net revenue** of $72.5 million, up 17.0%. Net income of $4.6 million, up from net income of $0.4 million. Adjusted EBITDA** of $12.8 million, up 56.2%. GAAP Diluted EPS of $0.33, up from $0.03. Adjusted Diluted EPS** of $0.55, up from $0.26. Recent Notable Wins Meta (formerly Facebook) contract to study emissions related to voluntary clean energy procurement State of Virginia contract to perform analysis on grid impact from increased energy demand City of Paramo
Willdan Group, Inc. (NASDAQ:WLDN) announced today that it has delivered energy efficiency projects for a large data center in the Pacific Northwest, exceeding 4.1M kWh in annual savings and reducing peak load by 475 kW. Willdan has supported projects for the data center's owner – a national telecommunications service provider – for nearly a decade. In this latest project, Willdan secured more than $1.7 million in incentives through local utility energy efficiency programs to help fund the early replacement of uninterruptible power supply systems. Close collaboration between Willdan and the service provider's team allowed for seamless upgrades without data center downtime. According to the
Willdan Group, Inc. (NASDAQ:WLDN) announced today that Energy + Environmental Economics (E3), Willdan's wholly owned subsidiary, has been selected by the City of Pasadena's community-owned utility Pasadena Water and Power to develop an Optimized Strategic Plan for sourcing carbon-free electricity. The City has set a goal to secure 100% of its electricity from carbon-free sources by 2030. E3 will work closely with Pasadena Water and Power and the City to explore a wide range of options, including distributed energy resources, renewables, storage, and emerging technologies. These options will be incorporated into a cohesive plan that balances Pasadena's carbon goals with reliability and cost-
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN), today announced that it will release financial results for the second quarter of 2024 after the close of the stock market on Thursday, August 1, 2024. Following the release, Willdan will host its investor conference call at 5:30 p.m. EDT/2:30 p.m. PDT. An online, real-time audio webcast of the quarterly investor conference call will be available on Willdan's website at: https://edge.media-server.com/mmc/p/j8fw5j5u/. Alternatively, listeners may access the call by dialing 877-407-2988 (or 201-389-0923) at least five minutes prior to the 5:30 p.m. ET/2:30 p.m. PT start time. An online replay of earnings webcast will be available a few hours aft
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN) today announced that it will release financial results for the second quarter of 2024 after the close of the stock market on Thursday, August 1, 2024. Following the release, Willdan will host its investor conference call at 5:30 p.m. EDT/2:30 p.m. PDT. An online, real-time audio webcast of the quarterly investor conference call will be available on Willdan's website at: https://edge.media-server.com/mmc/p/j8fw5j5u/. Alternatively, listeners may access the call by dialing 877-407-2988 (or 201-389-0923) at least five minutes prior to the 5:30 p.m. ET/2:30 p.m. PT start time. An online replay of earnings webcast will be available a few hours afte
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN) today reported financial results for its first quarter ended March 29, 2024. "We had an excellent first quarter," said Mike Bieber, Willdan's President and Chief Executive Officer. "Revenue, profitability, earnings, and cash flow were above expectations. We saw strength in both government and utility customers, plus strong software sales. The rapid growth in electricity demand from artificial intelligence and data centers is becoming a new catalyst in our market." First Quarter 2024 Highlights* Consolidated contract revenue of $122.5 million, up 19.4%. Net revenue** of $68.9 million, up 11.7%. Net income of $2.9 million, up from net
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN), today announced that it will release financial results for the first quarter of 2024 after the close of the stock market on Thursday, May 2, 2024. Following the release, Willdan will host its investor conference call at 5:30 p.m. EDT/2:30 p.m. PDT. An online, real-time audio webcast of the quarterly investor conference call will be available on Willdan's website at: https://edge.media-server.com/mmc/p/gf7u4cva. Alternatively, listeners may access the call by dialing 877-407-2988 (or 201-389-0923) at least five minutes prior to the 5:30 p.m. ET/2:30 p.m. PT start time. An online replay of the earnings webcast will be available a few hours afte
Willdan Group, Inc. (NASDAQ:WLDN) announced today that it has been awarded a $12 million energy savings contract by the City of Paramount. This contract advances the City's Climate Action Plan and includes water conservation and the design and installation of electric vehicle (EV) fleet charging stations and photovoltaic (PV) systems across the City. For the last 50 years, Willdan has served the City on civil engineering and financial planning projects. "This partnership provides a key path for the City to achieve our Climate Action Plan goals," said Mayor Isabel Aguayo. "We look forward to offering our residents and businesses additional ways to save water, receive greener electricity, a
Willdan Group, Inc. (NASDAQ:WLDN) announced today that Keith Renken has retired from his position as a member of the Board of Directors of Willdan effective March 5, 2024, and has reduced its number of directors to seven. Keith has been a member of the Willdan Board of Directors since the company's initial public offering in 2006. Keith's experience includes serving as the Senior Partner and Chairman of the Executive Committee of Southern California for Deloitte and Touche through 1992, an Adjunct Professor at the Marshall School of Business at the University of Southern California from 1992 to 2006, and a member of the Board of Directors of several other companies and institutions. Keith's
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Exceeding 4.1M kWh Annual Savings And Reducing Peak Load By 475 kW; Secures $1.7M In Incentives For Early Replacement Of Uninterruptible Power Supply Systems; Project Completed Without Data Center Downtime
"The City of Pasadena's goal is one of the most ambitious clean energy targets in the state," said David Reyes, Acting General Manager of Pasadena Water and Power. "As we approach 2030, the urgency of this planning effort is very real for us. E3's services will help us navigate a path to a carbon-free future that is affordable, equitable, and reliable for our community."
In the preceding three months, 4 analysts have released ratings for Willdan Group (NASDAQ:WLDN), presenting a wide array of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 2 0 0 0 3M Ago 0 0 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $33.5, with a high estimate of $35.00 and a low estimate of $30.00. Surpassing th
Wedbush analyst Moshe Katri reiterates Willdan Group (NASDAQ:WLDN) with a Outperform and maintains $35 price target.
Willdan Group (NASDAQ:WLDN) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.19 by 110.53 percent. This is a 25 percent increase over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $68.930 million which beat the analyst consensus estimate of $62.925 million by 9.54 percent. This is a 11.73 percent increase over sales of $61.691 million the same period last year.
Wedbush analyst Moshe Katri maintains Willdan Group (NASDAQ:WLDN) with a Outperform and raises the price target from $30 to $35.
Roth MKM analyst Craig Irwin reiterates Willdan Group (NASDAQ:WLDN) with a Buy and raises the price target from $27 to $34.
Willdan Group, Inc. (NASDAQ:WLDN) announced today that it has been awarded a $12 million energy savings contract by the City of Paramount. This contract advances the City's Climate Action Plan and includes water conservation and the design and installation of electric vehicle (EV) fleet charging stations and photovoltaic (PV) systems across the City. For the last 50 years, Willdan has served the City on civil engineering and financial planning projects."This partnership provides a key path for the City to achieve our Climate Action Plan goals," said Mayor Isabel Aguayo. "We look forward to offering our residents and businesses additional ways to save water, receive greener electricity, and i
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN) today reported financial results for its second quarter ended June 28, 2024. Second Quarter 2024 Highlights* Contract revenue of $141.0 million, up 18.4%. Net revenue** of $72.5 million, up 17.0%. Net income of $4.6 million, up from net income of $0.4 million. Adjusted EBITDA** of $12.8 million, up 56.2%. GAAP Diluted EPS of $0.33, up from $0.03. Adjusted Diluted EPS** of $0.55, up from $0.26. Recent Notable Wins Meta (formerly Facebook) contract to study emissions related to voluntary clean energy procurement State of Virginia contract to perform analysis on grid impact from increased energy demand City of Paramo
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN), today announced that it will release financial results for the second quarter of 2024 after the close of the stock market on Thursday, August 1, 2024. Following the release, Willdan will host its investor conference call at 5:30 p.m. EDT/2:30 p.m. PDT. An online, real-time audio webcast of the quarterly investor conference call will be available on Willdan's website at: https://edge.media-server.com/mmc/p/j8fw5j5u/. Alternatively, listeners may access the call by dialing 877-407-2988 (or 201-389-0923) at least five minutes prior to the 5:30 p.m. ET/2:30 p.m. PT start time. An online replay of earnings webcast will be available a few hours aft
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN) today announced that it will release financial results for the second quarter of 2024 after the close of the stock market on Thursday, August 1, 2024. Following the release, Willdan will host its investor conference call at 5:30 p.m. EDT/2:30 p.m. PDT. An online, real-time audio webcast of the quarterly investor conference call will be available on Willdan's website at: https://edge.media-server.com/mmc/p/j8fw5j5u/. Alternatively, listeners may access the call by dialing 877-407-2988 (or 201-389-0923) at least five minutes prior to the 5:30 p.m. ET/2:30 p.m. PT start time. An online replay of earnings webcast will be available a few hours afte
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN) today reported financial results for its first quarter ended March 29, 2024. "We had an excellent first quarter," said Mike Bieber, Willdan's President and Chief Executive Officer. "Revenue, profitability, earnings, and cash flow were above expectations. We saw strength in both government and utility customers, plus strong software sales. The rapid growth in electricity demand from artificial intelligence and data centers is becoming a new catalyst in our market." First Quarter 2024 Highlights* Consolidated contract revenue of $122.5 million, up 19.4%. Net revenue** of $68.9 million, up 11.7%. Net income of $2.9 million, up from net
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN), today announced that it will release financial results for the first quarter of 2024 after the close of the stock market on Thursday, May 2, 2024. Following the release, Willdan will host its investor conference call at 5:30 p.m. EDT/2:30 p.m. PDT. An online, real-time audio webcast of the quarterly investor conference call will be available on Willdan's website at: https://edge.media-server.com/mmc/p/gf7u4cva. Alternatively, listeners may access the call by dialing 877-407-2988 (or 201-389-0923) at least five minutes prior to the 5:30 p.m. ET/2:30 p.m. PT start time. An online replay of the earnings webcast will be available a few hours afte
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN) today reported financial results for its fourth quarter and fiscal year ended December 29, 2023 and outlook for 2024. "We had an exceptional fourth quarter," said Mike Bieber, Willdan's President and Chief Executive Officer. "Revenue, profitability and cash flow were above our expectations, aided by end of year program expansions. Strong performance throughout Willdan capped a record year and positions us for an outstanding 2024." Fourth Quarter 2023 Highlights* Consolidated contract revenue of $155.7 million, up 37.5%. Net revenue** of $80.8 million, up 25.1%. Net income of $8.0 million, up from net loss of $(0.4) million. Adjus
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN), today announced that it will release fourth quarter 2023 financial results after the close of the stock market on Thursday, March 7, 2024. Following the release, Willdan will host its investor conference call at 5:30 p.m. ET/2:30 p.m. PT. An online, real-time audio webcast of the quarterly investor conference call will be available on Willdan's website at: https://edge.media-server.com/mmc/p/7gbp5syv. Alternatively, listeners may access the call by dialing 877-407-2988 (or 201-389-0923) at least five minutes prior to the 5:30 p.m. ET/2:30 p.m. PT start time. An online replay of earnings webcast will be available a few hours after the completi
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN) today reported financial results for its third quarter ended September 29, 2023. "We delivered another quarter of strong results in revenue, profit, and cash," said Tom Brisbin, Willdan's Chairman and Chief Executive Officer. "Our strategy to provide affordable solutions to reduce the amount of electricity and natural gas that people use is working. For the nine months, consolidated contract revenue grew 12.2% while net revenue grew 16.6%. Based on our year-to-date results and continued positive momentum in the fourth quarter, we are raising our full-year guidance for all financial targets." Third Quarter 2023 Highlights* Consolidated con
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN), today announced that it will release third quarter 2023 financial results after the close of the stock market on Thursday, November 2, 2023. Following the release, Willdan will host its investor conference call at 5:30 p.m. ET/2:30 p.m. PT. An online, real-time audio webcast of the quarterly investor conference call will be available on Willdan's website at: https://edge.media-server.com/mmc/p/i3g848wa. Alternatively, listeners may access the call by dialing 866-682-6100 (or 862-298-0702) at least five minutes prior to the 5:30 p.m. ET/2:30 p.m. PT start time. An online replay of the earnings webcast will be available a few hours after the co
Willdan Group, Inc. ("Willdan") (NASDAQ:WLDN) today reported financial results for its second quarter ended June 30, 2023. "Our second-quarter performance was strong, continuing the momentum that we started last year," said Tom Brisbin, Willdan's Chairman and Chief Executive Officer. "This strength came from all areas of our business resulting in improved profitability. Consolidated contract revenue grew 16% while net revenue grew 17%. Cash generated from operations in the first half of this year has positioned the Company to restart our acquisition program. Today we are raising our full-year guidance for all financial targets." Second Quarter 2023 Highlights* Consolidated contract r