Willdan Group (WLDN) Misses Q2 EPS by 14c

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Willdan Announces Changes to Board of Directors and Management

August 5, 2021 4:15 PM EDT

ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (Nasdaq: WLDN) announced today that the Companys Board of Directors has elected Cynthia Downes to the Board, effective August 4, 2021. Ms. Downes has also been appointed to serve on the Audit Committee and Compensation Committee. With the addition of Ms. Downes, the Board will expand to nine members total, eight of whom will be independent.

Today Willdan also announced that Daniel Chow will transition from his position as Chief Operating Officer of Willdan Group, Inc. to an operational advisory role. Moving forward, Mr. Chow will support... More

Willdan Group Reports Second Quarter 2021 Results

August 5, 2021 4:08 PM EDT

ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (Willdan) (Nasdaq: WLDN), a provider of professional technical and consulting services, today reported financial results for its second quarter ended July 2, 2021.

Second Quarter 2021 Summary

Consolidated contract revenue of $84.2 million, an increase of 0.7% Net revenue of $47.3 million, an increase of 9.4% Net loss of $4.6 million, or $(0.37) per diluted share Adjusted net income of $3.0 million, or $0.24 per diluted share Adjusted EBITDA of $3.3 million Cash used in operating activities of $6.4 million

Six Months Year to Date 2021... More