Tag Archives: Willdan Group

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Willdan Reports Fourth Quarter 2012 and Fiscal Year 2012 Financial Results

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By Business Wirevia The Motley Fool

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Willdan Reports Fourth Quarter 2012 and Fiscal Year 2012 Financial Results

ANAHEIM, Calif.–(BUSINESS WIRE)– Willdan Group, Inc. (“Willdan”) (Nasdaq: WLDN), today announced financial results for its fourth quarter and fiscal year 2012 ended December 28, 2012.

For the fourth quarter of 2012, Willdan reported total contract revenue of $22.9 million and net income of $0.3 million, or $0.04 per basic and diluted share.

For the fiscal year ended December 28, 2012, Willdan reported total contract revenue of $93.4 million and a net loss of $17.3 million, or $2.37 per basic and diluted share.

Tom Brisbin, Willdan’s Chief Executive Officer, stated: “Our fourth quarter revenue and earnings were in line with our expectations. We continued to carefully manage expenses during the quarter and we generated positive cash flow from operations.”

Fourth Quarter 2012 Results

For the fourth quarter of fiscal 2012, revenue was $22.9 million, down $7.1 million, or 23.5%, from revenue of $30.0 million for the comparable period last year. On a sequential basis, revenue was up $1.4 million, or 6.5%, from the third quarter of 2012. Income from operations was $1.2 million for the fourth quarter of fiscal 2012, as compared to income from operations of $0.3 million for the comparable period last year. On a sequential basis, income from operations decreased $0.2 million from $1.4 million in the third quarter of 2012.

Net income was $0.3 million for the fourth quarter of fiscal 2012, as compared to a net loss of $0.8 million in the comparable period last year and net income of $0.8 million in the third quarter of 2012.

Basic and diluted earnings per share for the fourth quarter of fiscal 2012 were $0.04 as compared to basic and diluted loss per share of $0.11 for the comparable period last year.

Willdan generated $0.7 million in cash flow from operations in the fourth quarter of fiscal 2012.

Fiscal Year 2012 Results

Revenue for fiscal year 2012 was $93.4 million, a decrease of $13.7 million, or 12.8%, from revenue of $107.2 million for fiscal year 2011. Loss from operations was $19.3 million for fiscal year 2012 as compared to income from operations of $3.4 million for fiscal year 2011. Net loss was $17.3 million for fiscal …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

CORRECTING and REPLACING Willdan Announces Planned Date of March 26 for Fourth Quarter and Full Year

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By Business Wirevia The Motley Fool

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CORRECTING and REPLACING Willdan Announces Planned Date of March 26 for Fourth Quarter and Full Year 2012 Financial Results and Conference Call

ANAHEIM, Calif.–(BUSINESS WIRE)– In the contact section, the title for Nii Tetteh should be Business Analyst (sted Chief Financial Officer).

The corrected release reads:

WILLDAN ANNOUNCES PLANNED DATE OF MARCH 26 FOR FOURTH QUARTER AND FULL YEAR 2012 FINANCIAL RESULTS AND CONFERENCE CALL

Willdan Group, Inc. (“Willdan”) (Nasdaq: WLDN),today announced the planned date for the release of its fourth quarter and full year 2012 financial results and the related conference call to discuss such results. On Tuesday, March 26, 2013, after market close, Willdan plans to announce its fourth quarter and full year 2012 financial results. Following the announcement, Chief Executive Officer Thomas Brisbin and Chief Financial Officer Kimberly Gant plan to host a conference call at 5:00 p.m. Eastern/2:00 p.m. Pacific on the same day, to discuss Willdan’s financial results.

Interested parties may participate in the conference call by dialing 877-941-0844 (480-629-9835 for international callers). When prompted, ask for the “Willdan Group, Inc., Fourth Quarter 2012 Conference Call.” The conference call will be webcast simultaneously on Willdan’s website at www.willdan.com under Investors: Events.

The telephonic replay of the conference call may be accessed approximately two hours after the call through April 9, 2013, by dialing 800-358-3474 (303-590-3030 for international callers). The replay access code is 4599738. The webcast replay will be archived for 12 months.

About Willdan Group, Inc.

Founded in 1964, Willdan is a provider of professional technical and consulting services to public agencies at all levels of government, public and private utilities and commercial and industrial firms. Willdan provides a broad range of services to clients, including engineering and planning, energy efficiency and sustainability, economic and financial consulting, and national preparedness and interoperability. For additional information, visit Willdan’s website at www.willdan.com.

Forward-Looking Statements

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Willdan Group, Inc.’s actual outcome and results are not guaranteed and are subject to …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Willdan Announces Planned Date of March 26 for Fourth Quarter and Full Year 2012 Financial Results a

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By Business Wirevia The Motley Fool

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Willdan Announces Planned Date of March 26 for Fourth Quarter and Full Year 2012 Financial Results and Conference Call

ANAHEIM, Calif.–(BUSINESS WIRE)– Willdan Group, Inc. (“Willdan”) (Nasdaq: WLDN),today announced the planned date for the release of its fourth quarter and full year 2012 financial results and the related conference call to discuss such results. On Tuesday, March 26, 2013, after market close, Willdan plans to announce its fourth quarter and full year 2012 financial results. Following the announcement, Chief Executive Officer Thomas Brisbin and Chief Financial Officer Kimberly Gant plan to host a conference call at 5:00 p.m. Eastern/2:00 p.m. Pacific on the same day, to discuss Willdan’s financial results.

Interested parties may participate in the conference call by dialing 877-941-0844 (480-629-9835 for international callers). When prompted, ask for the “Willdan Group, Inc., Fourth Quarter 2012 Conference Call.” The conference call will be webcast simultaneously on Willdan’s website at www.willdan.com under Investors: Events.

The telephonic replay of the conference call may be accessed approximately two hours after the call through April 9, 2013, by dialing 800-358-3474 (303-590-3030 for international callers). The replay access code is 4599738. The webcast replay will be archived for 12 months.

About Willdan Group, Inc.

Founded in 1964, Willdan is a provider of professional technical and consulting services to public agencies at all levels of government, public and private utilities and commercial and industrial firms. Willdan provides a broad range of services to clients, including engineering and planning, energy efficiency and sustainability, economic and financial consulting, and national preparedness and interoperability. For additional information, visit Willdan’s website at www.willdan.com.

Forward-Looking Statements

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Willdan Group, Inc.’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions, and may differ materially from what is expressed. For a description of factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section “Risk Factors” included in Willdan’s Form 10-K for the year ended December 30, 2011 filed on March 27, 2012.

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Source: FULL ARTICLE at DailyFinance