Willdan Group Inc. published the transcript of its Fourth Quarter and Fiscal Year 2025 financial results conference call held on February 26, 2026. The call featured Vice President Al Kaschalk (Investor Relations), President and CEO Mike Bieber, and Executive VP and CFO Kim Early, with analysts Craig Irwin of ROTH Capital Partners and Tim Moore of Clear Street participating in the Q&A. Management reported record 2025 performance, driven largely by energy-related work and rising electricity demand tied to AI and data centers. Willdan said both contract and net revenue grew more than 20% in 2025, adjusted EBITDA rose 40%, and margins exceeded its 20% target for the first time, while free cash flow reached $71 million and the company ended the year in a net cash position. “We closed 2025 with record financial performance and strong momentum across our business,” Bieber said. The company highlighted expanding demand for grid planning, power engineering, and energy efficiency, including growth in load-impact studies and continued momentum in data center-related infrastructure. Bieber said Willdan expects APG’s data center substation design and construction management work “to more than double in 2026,” adding that projects are building backlog into 2027 and 2028. Willdan also discussed major recent awards, including a $112 million City of San Diego energy efficiency program, a $49 million microgrid resiliency project for Mt. San Antonio College, and a $38 million data center interconnect substation project in Phoenix for Menlo Digital. On guidance, Early projected 2026 net revenue of $390 million to $405 million and adjusted EBITDA of $85 million to $90 million, assuming no future acquisitions. She also addressed the expected reduction in tax benefits tied to Section 179D deductions, citing an assumption that “the 179D is set to expire at the end of June for this year,” limiting eligibility to projects started in the first half of 2026, along with project mix changes involving fewer qualifying buildings. The full transcript can be accessed through the link below.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Willdan Group Inc. published the original content used to generate this news brief on March 07, 2026, and is solely responsible for the information contained therein.
Comments