Financial Data and Key Metrics Changes - The company reported a record second quarter with contract revenue up 18% organically to $141 million and adjusted EBITDA up 56% year-over-year to $12.8 million, representing 17.7% of net revenue [5][12] - GAAP and adjusted EPS more than doubled year-over-year, with adjusted EPS reaching $0.55 per share and GAAP EPS at $0.33, up from $0.03 the prior year [5][12] - For the first half of 2024, contract revenue increased 19% to $264 million, while net revenue rose 14% to $141 million, with adjusted EBITDA increasing 32% to $23.9 million [14] Business Line Data and Key Metrics Changes - Strong growth was noted in municipal engineering and program management revenues, driven by a robust backlog of new contracts and earlier work authorizations [13] - The company experienced unexpected revenue strength across engineering and program management, contributing to the overall financial performance [5][12] Market Data and Key Metrics Changes - The company highlighted a significant electricity load growth in the U.S., driven by electrification trends and increased demand from data centers, particularly influenced by AI [10][11] - California and New York remain the company's largest markets, with double-digit electricity price increases compounding the demand for its services [11] Company Strategy and Development Direction - Willdan is focused on transitioning communities to clean energy and aims to expand its commercial work, particularly in the data center market [6][7] - The company plans to enhance its capabilities through mergers and acquisitions in the coming quarters [11][16] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth opportunities, particularly in light of the energy transition and the need for states and utilities to adapt to unexpected load changes [19] - The company is raising its full-year guidance, anticipating net revenue between $280 million and $290 million and adjusted EBITDA between $50 million and $52 million [16] Other Important Information - The company has reduced its net debt from $75 million at year-end 2023 to $50 million at the end of June, improving its liquidity position [15] - The effective tax rate is expected to remain favorable due to additional deductions from discrete items [13] Q&A Session Summary Question: Update on Integral Analytics revenue consistency - Management noted that revenue from Integral Analytics has become smoother due to early contract wins and a focus on add-ons to existing licenses [17][18] Question: Potential for E3 consulting activity increase - Management confirmed that E3's consulting business is performing well and anticipates increased activity due to the evolving energy landscape [19] Question: Details on Meta's emissions study project - The project is a six-month study related to clean energy procurement, with similar opportunities expected from other tech leaders [20] Question: Future business opportunities with major data center companies - Management confirmed ongoing business with major data center companies and sees significant growth potential in this area [22] Question: Possibility of acquisitions this year - Management expressed hope for acquisitions this year, with several mature opportunities currently being explored [23]

Willdan Group (WLDN) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 89.66%. A quarter ago, it was expected that this energy efficiency and sustainability consultant would post earnings of $0.19 per share when it actually produced earnings of $0.40, delivering a surprise of 110.53%. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 28, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33076 WILLDAN GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 14-1951112 (State or Other Juris ...

Exhibit 99.1 Willdan Group Reports Second Quarter 2024 Results ANAHEIM, Calif. –August 1, 2024 – 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. ● Adjuste ...

Price Performance WLDN has gained 56.1% so far this year compared with the Zacks Engineering - R and D Services industry's 21% rise. The company is benefiting from strength in both government and utility customers, along with strong software sales. The rapid growth in electricity demand from artificial intelligence and data centers is becoming a new catalyst in this market. Image Source: Zacks Investment Research In the first quarter of 2024, consolidated contract revenues increased 19.4% and net revenues r ...

Willdan Group, Inc. (NASDAQ:WLDN) Q1 2024 Earnings Conference Call May 2, 2024 5:30 PM ET Company Participants Al Kaschalk – Vice President, Investor Relations Mike Bieber – President and Chief Executive Officer Kim Early – Executive Vice President and Chief Financial Officer Conference Call Participants Moshe Katri – Wedbush Securities Craig Irwin – ROTH MKM Operator Hello, and welcome to the Willdan Group First Quarter 2024 Financial Results Conference Call. [Operator Instructions] A question-and-answer s ...

WILLDAN GROUP, INC. Q1 FY24 Earnings Call NASDAQ: WLDN May 2, 2024 Mike Bieber, President & CEO Kim Early, Executive Vice President & CFO Safe Harbor Statement – Statements in this presentation that are not purely historical, are forward-looking statements that involve risks and uncertainties within the meaning of the Private Securities Litigation Reform Act of 1995. Willdan's actual results could differ materially from those in any such forward-looking statements. Willdan's business could be affected by a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33076 WILLDAN GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) (IRS Employer Identification No.) Delawa ...

Willdan Group Reports First Quarter Results ANAHEIM, Calif. –May 2, 2024 – 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 artif ...

Willdan Group, Inc. (NASDAQ:WLDN) Q4 2023 Results Conference Call March 7, 2024 5:30 PM ET Company Participants Al Kaschalk - VP, Investor Relations Mike Bieber - President and Chief Executive Officer Kim Early - Executive Vice President and Chief Financial Officer Conference Call Participants Moshe Katri - Wedbush Securities Craig Irwin - ROTH MKM Greg Kitt - Pinnacle Family Office Operator Hello, and welcome to the Willdan Group Fourth Quarter and Full Year 2023 Financial Results Conference Call. [Operato ...