Latest news with #WilldanGroup
Business Wire
06-05-2025
- Business
- Business Wire
Willdan Expands and Extends Bank Credit Facilities
ANAHEIM, Calif.--(BUSINESS WIRE)--Willdan Group, Inc. (NASDAQ: WLDN) announced today that it has completed an amendment of its existing credit facilities to expand the available borrowing capacity and extend the term of the agreement. The amended agreement increases potential borrowing from $150 million to $200 million and restructures the facilities to provide for a $100 million revolver, a $50 million term loan, and a $50 million delayed-draw term loan. The amended agreement extends the maturity date by five years to May 2030 and reduces the interest rate spread over the Secured Overnight Financing Rate (SOFR). A $75 million accordion feature remains in the agreement. 'This restructured credit facility gives us greater flexibility and control in managing our debt and leverage levels while providing additional capacity to support our investments in growth,' said Mike Bieber, Willdan's CEO. 'We thank our banking partners for their commitments and ongoing support. The five-member loan syndicate responsible for this amendment is led by BMO, as administrative agent, and includes joint lead arrangers Bank of America and JP Morgan.' About Willdan Willdan is a nationwide provider of professional, technical, and consulting services to utilities, government agencies, and private industry. Willdan's service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, energy policy planning and advisory, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at or follow Willdan on LinkedIn and Facebook. Forward-Looking Statements Statements in this press release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that Willdan's actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed from time to time in Willdan's reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended December 27, 2024. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.
Business Wire
02-05-2025
- Business
- Business Wire
Willdan Releases 2024 Sustainability Report
ANAHEIM, Calif.--(BUSINESS WIRE)--Willdan Group, Inc. (NASDAQ: WLDN) announced today the release of its 2024 Corporate Sustainability Report, outlining progress across key environmental, social, and governance (ESG) initiatives and introducing new goals to drive long-term impact. The report is grounded in a double materiality assessment aligned with global standards, and it provides a clear foundation to prioritize efforts that create value for the company and its stakeholders. 'Most of Willdan's work for clients directly or indirectly improves sustainability,' said Mike Bieber, Willdan's President and CEO. 'We recently received ISO 14001 certification for our corporate office, and we plan to extend this standard to other locations. Our strengthened ESG framework positions Willdan to help clients and communities build long-term resilience.' For more details, view Willdan's 2024 Sustainability Report. About Willdan Willdan is a nationwide provider of professional, technical, and consulting services to utilities, government agencies, and private industry. Willdan's service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, energy policy planning and advice, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at or follow Willdan on LinkedIn and Facebook. Forward-Looking Statements Statements in this press release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that Willdan's actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed from time to time in Willdan's reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended December 27, 2024. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.
Yahoo
30-04-2025
- Business
- Yahoo
Strong Performance and Execution Lifted Willdan Group (WLDN) in Q1
Conestoga Capital Advisors, an asset management company, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets started the year with a rally due to optimism about a strong economy and expectations of moderating inflation and lower interest rates. However, concerns over slowing earnings from major Technology companies, geopolitical tensions, and an upcoming announcement on tariffs led to a sharp decline in equities by the end of the first quarter. Investors sought safety, driving U.S. Treasury yields down. The Conestoga Small Cap Composite returned -11.35% (net) in the first quarter compared to the Russell 2000 Growth Index's -11.12% return. The Conestoga SMid Cap Composite returned -5.73% compared to the Russell 2500 Growth Index's -10.80% return. The Conestoga Micro-Cap Composite returned -8.24% vs the Russell Microcap Growth Index's return of -17.75%. Finally, the Conestoga Mid Cap Composite returned 0.96% (net), compared to the Russell Midcap Growth Index's -7.12% return. Please check the top 5 holdings of the fund for a better understanding of their best picks for 2025. In its first-quarter 2025 investor letter, Conestoga Capital Advisors highlighted stocks such as Willdan Group, Inc. (NASDAQ:WLDN). Willdan Group, Inc. (NASDAQ:WLDN) offers professional, technical, and consulting services that operates in Energy, and Engineering and Consulting segments. The one-month return of Willdan Group, Inc. (NASDAQ:WLDN) was -3.06%, and its shares gained 40.40% of their value over the last 52 weeks. On April 29, 2025, Willdan Group, Inc. (NASDAQ:WLDN) stock closed at $39.58 per share with a market capitalization of $573.799 million. Conestoga Capital Advisors stated the following regarding Willdan Group, Inc. (NASDAQ:WLDN) in its Q1 2025 investor letter: "Willdan Group, Inc. (NASDAQ:WLDN) provides professional technical and consulting services to utilities, private industry, and public agencies. WLDN reported Q4'24 results that exceeded expectations for revenue, earnings-per-share, and EBITDA. Guidance for 2025 was also above consensus views for all metrics. For 2024, both contract revenue and adjusted EBITDA were up year-over-year. Execution and performance were strong across all lines of business, leading to a record level of free cash flow. Recent acquisition announcements should also bolster growth opportunities over the next several years." An engineer standing proudly in front of a high-rise building, a symbol of the company's excellence in construction. Willdan Group, Inc. (NASDAQ:WLDN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 19 hedge fund portfolios held Willdan Group, Inc. (NASDAQ:WLDN) at the end of the fourth quarter, compared to 13 in the third quarter. While we acknowledge the potential of Willdan Group, Inc. (NASDAQ:WLDN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered Willdan Group, Inc. (NASDAQ:WLDN) and shared Conestoga Capital Advisors' views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
27-04-2025
- Business
- Yahoo
Willdan Group, Inc. (NASDAQ:WLDN) is favoured by institutional owners who hold 69% of the company
Institutions' substantial holdings in Willdan Group implies that they have significant influence over the company's share price A total of 24 investors have a majority stake in the company with 50% ownership Insiders have been selling lately Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To get a sense of who is truly in control of Willdan Group, Inc. (NASDAQ:WLDN), it is important to understand the ownership structure of the business. We can see that institutions own the lion's share in the company with 69% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute. Let's delve deeper into each type of owner of Willdan Group, beginning with the chart below. See our latest analysis for Willdan Group Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. Willdan Group already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Willdan Group's historic earnings and revenue below, but keep in mind there's always more to the story. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Willdan Group is not owned by hedge funds. BlackRock, Inc. is currently the largest shareholder, with 6.3% of shares outstanding. With 5.2% and 3.1% of the shares outstanding respectively, The Vanguard Group, Inc. and Forager Capital Management LLC are the second and third largest shareholders. Additionally, the company's CEO Michael Bieber directly holds 1.2% of the total shares outstanding. Looking at the shareholder registry, we can see that 50% of the ownership is controlled by the top 24 shareholders, meaning that no single shareholder has a majority interest in the ownership. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There is some analyst coverage of the stock, but it could still become more well known, with time. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. We can report that insiders do own shares in Willdan Group, Inc.. It has a market capitalization of just US$553m, and insiders have US$36m worth of shares, in their own names. It is good to see some investment by insiders, but it might be worth checking if those insiders have been buying. The general public-- including retail investors -- own 24% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. While it is well worth considering the different groups that own a company, there are other factors that are even more important. For instance, we've identified 1 warning sign for Willdan Group that you should be aware of. If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
15-04-2025
- Business
- Yahoo
Willdan Announces Date of First Quarter 2025 Earnings Release and Conference Call
ANAHEIM, Calif., April 15, 2025--(BUSINESS WIRE)--Willdan Group, Inc. ("Willdan") (Nasdaq: WLDN), today announced that it will release its financial results for the first quarter 2025 after the close of the stock market on Thursday, May 8, 2025. Following the release, Willdan will host its investor conference call at 5:30 p.m. EST / 2:30 p.m. PST. An online, real-time audio webcast of the quarterly investor conference call will be available on Willdan's website at: Willdan Group Q1 2025 Investor Conference Call 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. EDT / 2:30 p.m. PDT start time. An online replay of earnings webcast will be available a few hours after the completion of the call at About Willdan Willdan is a nationwide provider of professional, technical, and consulting services to utilities, government agencies, and private industry. Willdan's service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, energy policy planning and advisory, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at Follow Willdan on LinkedIn and Facebook. View source version on Contacts Al Kaschalk / (310) 922-5643akaschalk@ Sign in to access your portfolio
