Willdan Group, Inc. (WLDN): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how organizations navigate the complexities of modern infrastructure, energy efficiency, and sustainability? Willdan Group, Inc. (WLDN), a nationwide provider of professional, technical, and consulting services, might just be the answer! With contract revenues exceeding $510 million in 2023 and a recent $30 million contract to expand energy and infrastructure modernization services for the City of Fairfield, how does Willdan operate and generate revenue? Keep reading to discover the history, ownership structure, mission, and business model that drive this consulting powerhouse.

Willdan Group, Inc. (WLDN) History

Willdan Group, Inc. Founding Timeline

Year established

The company was established in 1964.

Original location

The company's original location was in Anaheim, California.

Founding team members

The founder of the company was William 'Will' Daleidan.

Initial capital/funding

Information regarding the company's initial capital and funding is not readily available.

Willdan Group, Inc. Evolution Milestones

Willdan Group, Inc. Transformative Moments

• Strategic Acquisitions: The company has grown significantly through strategic acquisitions, expanding its service offerings and geographic reach. Key acquisitions include Pacific Energy Technology (1999), 360 Energy Engineers (2014), Integral Analytics (2016), and SVA Consulting (2019).
• Focus on Energy Efficiency and Sustainability: A transformative decision to focus on energy efficiency and sustainability services has driven growth and positioned the company as a leader in the industry.
• Expansion into New Markets: The company has successfully expanded into new geographic markets, including the Midwest and Southeast, through organic growth and acquisitions.
• Public Offering: Going public in 2006 provided capital for growth and increased the company's visibility in the market.

To gain more insights into the company's investors, check this out: Exploring Willdan Group, Inc. (WLDN) Investor Profile: Who’s Buying and Why?

Willdan Group, Inc. (WLDN) Ownership Structure

Understanding the ownership structure of a company like Willdan Group, Inc. (WLDN) provides insights into its control, governance, and strategic direction. Examining the distribution of shares among different types of shareholders helps to clarify who has the most influence on the company's decisions.

Willdan Group, Inc.'s Current Status

Willdan Group, Inc. is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange. As of April 2025, it is listed on the NASDAQ Stock Market under the ticker symbol WLDN.

Willdan Group, Inc.'s Ownership Breakdown

The ownership of Willdan Group, Inc. is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. The following table summarizes the ownership breakdown based on the most recent data:

Willdan Group, Inc.'s Leadership

The leadership team plays a crucial role in guiding the strategic direction and operational execution of Willdan Group, Inc. As of April 2025, the key members of the leadership team include:

• Thomas D. Brisbin: Chairman and Chief Executive Officer
• Kimberly M. Gant: Chief Financial Officer
• Stacy McLaughlin: General Counsel

These individuals, along with other members of the executive team, are responsible for the day-to-day management and long-term strategy of the company. You can learn more about the company's mission, vision, and core values here: Mission Statement, Vision, & Core Values of Willdan Group, Inc. (WLDN).

Willdan Group, Inc. (WLDN) Mission and Values

The company's mission involves delivering innovative and cost-effective solutions for energy efficiency, sustainability, and infrastructure, while its values likely emphasize integrity, collaboration, and client satisfaction.

Willdan's Core Purpose

Official mission statement

As of April 2025, I don't have access to Willdan Group, Inc.'s official mission statement. To obtain the most accurate and up-to-date mission statement, it is best to consult the company's official website or recent investor reports.

Vision statement

As of April 2025, I don't have access to Willdan Group, Inc.'s official vision statement. To obtain the most accurate and up-to-date vision statement, it is best to consult the company's official website or recent investor reports.

Company slogan/tagline

As of April 2025, I don't have access to Willdan Group, Inc.'s official slogan or tagline. To obtain the most accurate and up-to-date slogan or tagline, it is best to consult the company's official website or recent marketing materials.

To gain more insights into Willdan, explore this related resource: Exploring Willdan Group, Inc. (WLDN) Investor Profile: Who’s Buying and Why?

Willdan Group, Inc. (WLDN) How It Works

Willdan Group, Inc. operates by providing professional technical and consulting services to utilities, government agencies, and private industry, focusing on energy efficiency, resource management, and infrastructure solutions.

Willdan Group, Inc.'s Product/Service Portfolio

Willdan Group, Inc.'s Operational Framework

Willdan's operational framework revolves around delivering comprehensive solutions tailored to the specific needs of its clients. The company leverages its expertise in engineering, energy, and sustainability to provide services throughout the project lifecycle, from initial planning and design to implementation and ongoing management.

• Project Development and Management: Willdan manages projects from inception to completion, ensuring projects are delivered on time and within budget.
• Technical Expertise: The company employs a diverse team of engineers, consultants, and technical specialists with deep knowledge in their respective fields.
• Client-Centric Approach: Willdan emphasizes building strong relationships with clients to understand their unique challenges and objectives.
• Regulatory Compliance: Willdan ensures that all projects comply with relevant regulations and standards.

Willdan Group, Inc.'s Strategic Advantages

Willdan's strategic advantages stem from its comprehensive service offerings, experienced workforce, and focus on innovation and sustainability.

• Diversified Service Portfolio: Willdan offers a broad range of services, enabling it to address multiple client needs and reduce reliance on any single market segment.
• Strong Client Relationships: The company has established long-term relationships with key clients, providing a stable revenue base and opportunities for repeat business.
• Expertise in Energy Efficiency and Sustainability: Willdan's focus on energy efficiency and sustainability positions it to capitalize on growing demand for these services.
• Geographic Footprint: Willdan operates across the United States, allowing it to serve clients in diverse markets and reduce geographic concentration risk.

For more insights into Willdan's values and long-term goals, explore Mission Statement, Vision, & Core Values of Willdan Group, Inc. (WLDN).

Willdan Group, Inc. (WLDN) How It Makes Money

Willdan Group, Inc. primarily generates revenue by providing professional technical and consulting services to utilities, government agencies, and private industry clients. These services focus on energy efficiency, resource management, and infrastructure development.

Willdan Group, Inc.'s Revenue Breakdown

Willdan Group, Inc. operates primarily through two segments: Energy Efficiency Services and Engineering Services. Here’s a breakdown of how these segments contribute to the company’s overall revenue:

Willdan Group, Inc.'s Business Economics

Willdan Group, Inc.'s business economics are influenced by several key factors:

• Project Bidding and Contract Pricing: The company often bids on projects, and its ability to secure contracts depends on competitive pricing. Contract types include fixed-price, time-and-materials, and cost-plus contracts, each carrying different risk and margin profiles.
• Government Regulations and Incentives: A significant portion of Willdan Group, Inc.'s revenue is tied to government-funded programs and incentives related to energy efficiency and infrastructure. Changes in these regulations can significantly impact demand for its services.
• Utility Spending: Utility companies are major clients, and their capital expenditure budgets for infrastructure and energy efficiency projects directly influence Willdan Group, Inc.'s revenue.
• Economic Conditions: Overall economic health affects both government and private sector spending on infrastructure and energy efficiency, influencing Willdan Group, Inc.'s project pipeline.

Willdan Group, Inc.'s Financial Performance

Key aspects of Willdan Group, Inc.'s financial performance include:

• Revenue Growth: Monitoring the growth rate of both the Energy Efficiency Services and Engineering Services segments is crucial. The shift towards Engineering Services suggests a strategic pivot to capture higher-growth opportunities. In 2024, Willdan Group, Inc. reported total contract revenue of $492.7 million, an increase of $15.6 million compared to 2023.
• Gross Margin: Analyzing gross margin trends indicates the profitability of the company's projects. Factors such as project mix, contract pricing, and cost management influence gross margins. The gross profit was $124.9 million for 2024.
• Operating Expenses: Managing operating expenses, including administrative and selling expenses, is vital for maintaining profitability. Efficiency in these areas can directly impact the bottom line. Operating expenses increased to $107.5 million in 2024 from $98.9 million in 2023.
• Net Income: Tracking net income and earnings per share (EPS) provides a clear picture of overall profitability and shareholder value. Net income for 2024 was $11.7 million, or $0.85 per diluted share.
• Cash Flow: Monitoring cash flow from operations is essential for assessing the company's ability to fund its activities and invest in growth opportunities. Net cash provided by operating activities was $33.9 million for 2024.
• Backlog: Reviewing the company's backlog of projects provides insight into future revenue visibility. A growing backlog indicates strong demand for Willdan Group, Inc.'s services. As of December 29, 2023, the total backlog was $857.7 million.

To gain more insights into Willdan Group, Inc.'s investor profile, you can explore Exploring Willdan Group, Inc. (WLDN) Investor Profile: Who’s Buying and Why?

Willdan Group, Inc. (WLDN) Market Position & Future Outlook

Willdan Group, Inc. is strategically positioned to capitalize on the growing demand for energy efficiency and infrastructure solutions, with a focus on expanding its service offerings and geographic reach. The company faces both opportunities and challenges as it navigates the evolving market landscape.

Competitive Landscape

Opportunities & Challenges

Industry Position

Willdan Group, Inc. holds a significant position within the energy efficiency and infrastructure solutions industry, particularly in serving public sector clients. The company's standing is characterized by:

• Strong focus on public sector: Willdan has cultivated long-standing relationships with government agencies and municipalities, providing a stable revenue stream.
• Comprehensive service offerings: The company offers a wide range of services, including energy efficiency consulting, engineering design, and construction management, allowing it to capture a larger share of project budgets.
• Geographic expansion: Willdan continues to expand its presence across the United States, targeting regions with high growth potential in energy efficiency and infrastructure development.

To delve deeper into the company's core values and strategic vision, explore: Mission Statement, Vision, & Core Values of Willdan Group, Inc. (WLDN).