We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you accept our Privacy Policy and Terms of Service, revised from time to time, and you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Willdan Wins $4.5M Bellflower Contract, Boosts Local Presence
Read MoreHide Full Article
Willdan Group, Inc. (WLDN - Free Report) has secured a three-year, $4.5 million contract with the City of Bellflower, CA, to provide building division operations and fire plan inspection services. This agreement not only strengthens Willdan’s foothold in Los Angeles County but also demonstrates its ability to deliver critical municipal services.
“We thank the City of Bellflower for selecting us,” said Mike Bieber, Willdan’s CEO. “This contract expands our work in Los Angeles County, and we’re looking forward to supporting the City’s current and future needs.”
The City of Bellflower, home to nearly 80,000 residents and 4,000 businesses, values high-quality governance and services. City manager Ryan Smoot emphasized Willdan’s expertise and collaborative approach, stating that the company will ensure a “seamless transition” in its service delivery.
Willdan’s Strategic Growth in Municipal Services
The Bellflower contract aligns with Willdan’s strategic focus. The company emphasized its commitment to expanding recurring revenue streams through long-term municipal partnerships. The contract supports Willdan’s strategy to deepen its regional presence while leveraging its reputation for efficient and personalized municipal services. During the recent earnings call, CEO Mike Bieber emphasized that municipal projects continue to be a standout segment, with double-digit organic growth and a robust outlook across state and local government clients.
Notably, third-quarter 2024 results were favorably impacted by growth in municipal engineering, project management revenues and expanded utility program management revenues. During the first nine-month period of 2024, higher activity from WLDN’s construction management projects, expanded utility programs and higher municipal engineering services resulted in a 38% increase in adjusted EBITDA to $39.1 million from a year ago. The increased adjusted EBITDA, reduced net interest expense and the lower effective tax rate enabled adjusted earnings per share (EPS) to grow 79% to $1.70 per share.
Image Source: Zacks Investment Research
Shares of Wildan have gained 107.3% in the past year, outperforming the industry’s 0.9% rise. The Zacks Consensus Estimate for 2024 and 2025 EPS estimates indicates 28.6% and 4.4% year-over-year growth, respectively. Over the past 30 days, the Zacks Consensus Estimate for 2024 EPS estimate has increased to $2.25 (from $2.1), depicting analysts’ optimism for the stock's prospects. The stock currently has a VGM Score of A.
WLDN’s Zacks Rank & Other Key Picks
Wildan currently has a Zacks Rank #2 (Buy).
Some other top-ranked stocks have been discussed below:
Shares of STRL have gained 203.9% in the past year. The Zacks Consensus Estimate for STRL’s 2024 sales and EPS implies an increase of 9% and 33.3%, respectively, from the prior-year levels.
Louisiana-Pacific Corporation (LPX - Free Report) currently sports a Zacks Rank of 1. LPX delivered a trailing four-quarter earnings surprise of 30.7%, on average. The stock has gained 86.8% in the past year.
The Zacks Consensus Estimate for LPX’s 2024 sales and EPS indicates an increase of 12.7% and 72.1%, respectively, from a year ago.
MasTec, Inc. (MTZ - Free Report) presently sports a Zacks Rank of 1. MTZ delivered a trailing four-quarter earnings surprise of 40.2%, on average. The stock has risen 147.7% in the past year.
The Zacks Consensus Estimate for MTZ’s 2024 sales and EPS indicates an increase of 1.9% and 84.3%, respectively, from a year ago.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report predicting the 7 stocks that will soar highest in the coming month.
Image: Bigstock
Willdan Wins $4.5M Bellflower Contract, Boosts Local Presence
Willdan Group, Inc. (WLDN - Free Report) has secured a three-year, $4.5 million contract with the City of Bellflower, CA, to provide building division operations and fire plan inspection services. This agreement not only strengthens Willdan’s foothold in Los Angeles County but also demonstrates its ability to deliver critical municipal services.
“We thank the City of Bellflower for selecting us,” said Mike Bieber, Willdan’s CEO. “This contract expands our work in Los Angeles County, and we’re looking forward to supporting the City’s current and future needs.”
The City of Bellflower, home to nearly 80,000 residents and 4,000 businesses, values high-quality governance and services. City manager Ryan Smoot emphasized Willdan’s expertise and collaborative approach, stating that the company will ensure a “seamless transition” in its service delivery.
Willdan’s Strategic Growth in Municipal Services
The Bellflower contract aligns with Willdan’s strategic focus. The company emphasized its commitment to expanding recurring revenue streams through long-term municipal partnerships. The contract supports Willdan’s strategy to deepen its regional presence while leveraging its reputation for efficient and personalized municipal services. During the recent earnings call, CEO Mike Bieber emphasized that municipal projects continue to be a standout segment, with double-digit organic growth and a robust outlook across state and local government clients.
Notably, third-quarter 2024 results were favorably impacted by growth in municipal engineering, project management revenues and expanded utility program management revenues. During the first nine-month period of 2024, higher activity from WLDN’s construction management projects, expanded utility programs and higher municipal engineering services resulted in a 38% increase in adjusted EBITDA to $39.1 million from a year ago. The increased adjusted EBITDA, reduced net interest expense and the lower effective tax rate enabled adjusted earnings per share (EPS) to grow 79% to $1.70 per share.
Image Source: Zacks Investment Research
Shares of Wildan have gained 107.3% in the past year, outperforming the industry’s 0.9% rise. The Zacks Consensus Estimate for 2024 and 2025 EPS estimates indicates 28.6% and 4.4% year-over-year growth, respectively. Over the past 30 days, the Zacks Consensus Estimate for 2024 EPS estimate has increased to $2.25 (from $2.1), depicting analysts’ optimism for the stock's prospects. The stock currently has a VGM Score of A.
WLDN’s Zacks Rank & Other Key Picks
Wildan currently has a Zacks Rank #2 (Buy).
Some other top-ranked stocks have been discussed below:
Sterling Infrastructure, Inc. (STRL - Free Report) presently sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter earnings surprise of 21.5%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of STRL have gained 203.9% in the past year. The Zacks Consensus Estimate for STRL’s 2024 sales and EPS implies an increase of 9% and 33.3%, respectively, from the prior-year levels.
Louisiana-Pacific Corporation (LPX - Free Report) currently sports a Zacks Rank of 1. LPX delivered a trailing four-quarter earnings surprise of 30.7%, on average. The stock has gained 86.8% in the past year.
The Zacks Consensus Estimate for LPX’s 2024 sales and EPS indicates an increase of 12.7% and 72.1%, respectively, from a year ago.
MasTec, Inc. (MTZ - Free Report) presently sports a Zacks Rank of 1. MTZ delivered a trailing four-quarter earnings surprise of 40.2%, on average. The stock has risen 147.7% in the past year.
The Zacks Consensus Estimate for MTZ’s 2024 sales and EPS indicates an increase of 1.9% and 84.3%, respectively, from a year ago.