Recent Updates — WLDN
On September 22, 2026, Willdan Group announced that its wholly owned subsidiary, Willdan Energy Solutions, entered into a Membership Interest Purchase Agreement to acquire 100% of Mantis Intermediate Holdings from Mantis NewCo for a base purchase price of $285 million in cash. The transaction is subject to customary closing conditions, including Hart-Scott-Rodino antitrust clearance and working capital adjustments, with an expected closing date of October 30, 2026. Willdan Group provides full guarantee of the subsidiary's obligations under the agreement. This acquisition represents a significant strategic expansion for Willdan Group, which operates in the engineering consulting industry specializing in energy, infrastructure, and environmental services.
Willdan Group reported second quarter fiscal 2026 results ending July 3, 2026. Contract revenue increased 33.2% to $231.0 million and net revenue rose 23.5% to $117.2 million. Net income grew 57.7% to $24.3 million, with GAAP diluted EPS of $1.58. Adjusted EBITDA reached $33.0 million, up 50.6%, and adjusted diluted EPS was $2.07. The company raised its full-year fiscal 2026 targets, projecting net revenue between $415 million and $430 million, adjusted EBITDA between $103 million and $107 million, and adjusted diluted EPS between $5.00 and $5.15. Willdan Group operates in the technical services industry, providing energy planning, engineering, consulting, and infrastructure solutions to utilities and government entities.
On June 17, 2026, stockholders approved amendments to the Willdan Group, Inc. 2008 Performance Incentive Plan. The amendments increase the aggregate share limit for award grants by 380,000 shares to a total of 6,099,167 shares and increase the incentive stock option limit by 380,000 shares to 6,330,000 shares. Additionally, the term of the 2008 Plan was extended to April 19, 2036. The company also ratified its independent auditor, Crowe LLP, and elected seven director nominees at its annual meeting. Willdan Group provides energy efficiency and sustainability consulting and engineering services.