Willdan: A Hidden Gem with Exceptional Growth Potential
Willdan Group, Inc. (WLDN), a California-based professional services firm, has been flying under the radar for many investors. However, this company’s solid growth attributes make it an intriguing investment opportunity.
Solid Financial Performance
Willdan reported strong financial results for the third quarter of 2021. The company’s revenue grew by 23% year-over-year, reaching $125.6 million. This growth was driven by an increase in demand for the company’s engineering, architecture, and consulting services.
Diverse Business Portfolio
Willdan’s business portfolio is diverse, with a focus on the energy, water, and transportation industries. This diversification helps the company weather economic downturns and provides a stable revenue stream.
Growing Backlog and New Contracts
Willdan’s backlog of projects continued to grow in the third quarter, reaching $321.4 million, a 28% increase year-over-year. The company also announced several new contracts, including a $10.5 million contract with the City of Los Angeles to provide engineering and consulting services for the city’s water and power utility.
Strategic Acquisitions
Willdan has been actively acquiring companies to expand its capabilities and reach. In 2021, the company acquired Integrated Water Management, a California-based water resources consulting firm, and R.A.M.S. Inc., a Texas-based engineering firm. These acquisitions will help Willdan enter new markets and provide additional revenue streams.
Impact on Individuals
As an individual investor, Willdan’s strong financial performance and diverse business portfolio make it an attractive investment option. The company’s focus on the energy, water, and transportation industries is also a plus, as these sectors are essential to the functioning of modern society. Additionally, Willdan’s strategic acquisitions demonstrate the company’s commitment to growth and expansion.
Impact on the World
On a larger scale, Willdan’s services are essential to addressing some of the world’s most pressing issues. The company’s work in the energy sector helps to ensure a reliable and sustainable energy supply. Its work in the water sector is crucial for providing clean water and managing water resources. And its work in the transportation sector is vital for building and maintaining infrastructure that connects people and communities.
Conclusion
Willdan Group, Inc. (WLDN) is a hidden gem with exceptional growth potential. Its solid financial performance, diverse business portfolio, growing backlog, and strategic acquisitions make it an attractive investment opportunity for individual investors. Furthermore, the company’s essential services in the energy, water, and transportation sectors make it a vital player in addressing some of the world’s most pressing issues.
- Strong financial performance with revenue growth of 23% year-over-year
- Diverse business portfolio with a focus on essential industries
- Growing backlog of projects and new contracts
- Strategic acquisitions to expand capabilities and reach
- Essential services in the energy, water, and transportation sectors
