Willdan(US:WLDN)2025-11-06 23:48Revenue Composition - The energy services market represented 84% of the company's consolidated revenue for fiscal year 2024[13] - The top ten clients accounted for 51% of the consolidated contract revenue for fiscal year 2024[13] Contract Types - As of October 3, 2025, 18% of contracts are time-and-materials, 36% are unit-based, and 46% are fixed price[234] - The company has a significant reliance on public agency contracts, which may be subject to renewal and renegotiation[238] Cost and Expenses - Direct costs of contract revenue include salaries, material costs, and subcontractor services, excluding marketing-related expenses[240] - General and administrative expenses include costs for marketing, management, and administrative personnel, as well as facility costs[242] Operational Challenges - The company has experienced higher material costs and supply chain delays, which could materially impact operations[231] - The company has not experienced a material impact from inflation on its operations historically[230] - The company has not experienced significant costs under performance guarantees related to energy savings[239] Financial Management - The company enters into interest rate swap agreements to manage exposure to fluctuations in interest rates on variable rate debt[229]