Financial Data and Key Metrics Changes - For the fourth quarter of 2025, contract revenue increased by 21% to $174 million, and net revenue grew by 13% to $89.5 million [17] - Adjusted EBITDA increased by 13% year-over-year, totaling $20 million for the quarter, while adjusted earnings per share more than doubled to $1.57 [17] - For fiscal 2025, consolidated contract revenue grew by 21% to $682 million, and net revenue grew by 23% to $365 million, with 17% of the growth being organic [18] - Net income more than doubled to $52.6 million, or $3.49 per diluted share on a GAAP basis, compared to $22.6 million or $1.58 per share in 2024 [20] Business Line Data and Key Metrics Changes - Approximately 85% of revenue comes from the energy segment, with the remaining 15% from engineering and consulting [6] - Utility customers represent about 41% of revenue, while state and local governments account for approximately 48% [7] - Commercial customers have rapidly grown to 11% of revenue, primarily tied to power for data centers [7] Market Data and Key Metrics Changes - Electric load growth has returned to the U.S. after about 15 years of stagnation, driven by AI and data centers [4] - There is currently an estimated 35 gigawatts of active data center construction in the U.S., indicating sustained demand for power from digital infrastructure [13] Company Strategy and Development Direction - The company plans to further increase capabilities through key hires and acquisitions, with a robust acquisition pipeline entering 2026 [16] - Willdan operates at the intersection of consulting services, engineering, and program management, helping clients navigate market changes [9] Management's Comments on Operating Environment and Future Outlook - Management highlighted that utilities are being squeezed as generation does not keep pace with electricity demand, leading to increased requests for energy efficiency programs [34] - The company expects margins to continue to be above 20%, reflecting structural changes and improved operational efficiencies [31] Other Important Information - The company generated $71 million in free cash flow and ended the year with a net positive cash position of $17 million, marking the first time since 2017 [21] - The company expects net revenue in the range of $390 million to $405 million for 2026, with adjusted EBITDA in the range of $85 million to $90 million [23] Q&A Session Summary Question: About the EPS guidance for 2026 - Management explained that the Section 179D provision is set to expire at the end of June 2026, limiting the ability to carry deductions through the year [27] Question: About EBITDA growth and operational improvements - Management indicated that margins are expected to remain above 20%, with structural changes allowing for better pricing and cost absorption [31] Question: On the demand for accelerated project completion from utility customers - Management confirmed that utilities are under pressure to meet electricity demand, leading to increased requests for energy efficiency programs [34] Question: Contribution from the Los Angeles Department of Water and Power contract - Management noted that while the contract's contribution was small in Q4, a significant ramp-up is expected in Q1 and Q2 of 2026 [39] Question: Potential for data center revenue to double in 2026 - Management clarified that they expect revenue from the APG acquisition related to data centers to more than double, contributing to long-term growth [41]

Willdan Group (NasdaqGM:WLDN) Q4 2025 Earnings call February 26, 2026 05:30 PM ET Company ParticipantsAl Kaschalk - VP of Investor RelationsKim Early - EVP and CFOMike Bieber - CEOConference Call ParticipantsCraig Irwin - Managing Director and Senior Research AnalystTim Moore - Managing Director and Senior Research AnalystOperatorGreetings, welcome to the Willdan Group Fourth Quarter and Fiscal Year 2025 financial results conference call. At this time, all participants are in a listen-only mode. The questio ...

Financial Data and Key Metrics Changes - For Q4 2025, contract revenue increased by 21% to $174 million, and net revenue grew by 13% to $89.5 million. Adjusted EBITDA also increased by 13% to $20 million for the quarter [17] - For the full fiscal year 2025, consolidated contract revenue grew by 21% to $682 million, and net revenue grew by 23% to $365 million. Adjusted EBITDA increased by 40% year-over-year to $79.5 million [18][20] - Net income more than doubled to $52.6 million for the year, translating to $3.49 per diluted share on a GAAP basis, compared to $22.6 million or $1.58 per share in 2024 [20] Business Line Data and Key Metrics Changes - Approximately 85% of revenue comes from the energy segment, with the remaining 15% from engineering and consulting. Utility customers represent about 41% of revenue, while state and local governments account for approximately 48% [6][8] - Organic net revenue growth was 17%, driven largely by expansion with existing customers [4] - The average contract size has continued to grow, with significant contracts awarded, including a $112 million energy efficiency program for the City of San Diego [11] Market Data and Key Metrics Changes - Electric load growth has returned to the U.S. after about 15 years of stagnation, driven by AI and data centers, which are accelerating electricity demand [4] - There is currently an estimated 35 gigawatts of active data center construction in the U.S., indicating sustained growth in electricity demand [13] - Virginia and several rural states are experiencing rapid growth in energy demand from data centers, which aligns with the company's strengths in power system engineering and grid modernization [13] Company Strategy and Development Direction - The company plans to increase capabilities through key hires and acquisitions, with a robust acquisition pipeline entering 2026 [16] - Willdan aims to diversify its offerings to commercial customers, particularly in the data center market, which is seen as a fertile business environment [7][43] - The company is positioned at the center of growing energy and infrastructure markets, with a focus on energy efficiency and grid modernization [14][24] Management's Comments on Operating Environment and Future Outlook - Management highlighted that utilities are facing challenges with falling reserve margins and increasing demand for electricity, which is driving the need for energy efficiency programs [34] - The company expects margins to continue to exceed 20%, reflecting operational improvements and a shift up the value scale [31] - The guidance for 2026 anticipates net revenue in the range of $390 million to $405 million, with adjusted EBITDA between $85 million and $90 million [23] Other Important Information - The company generated $71 million in free cash flow and ended the year with a net positive cash position of $17 million, marking the first time since 2017 [21] - The effective tax rate benefit was 31.4% due to tax deductions from energy efficiency incentives, significantly impacting net income [20] Q&A Session Summary Question: EPS guidance for 2026 is below last year's, can you explain the assumptions for Section 179D? - Management noted that the Section 179D provision is set to expire at the end of June 2026, limiting the ability to carry benefits through the year [27][29] Question: What operational changes are contributing to EBITDA growth? - Management indicated that margins are expected to remain above 20%, with structural changes allowing for higher pricing and better cost absorption as the company scales [31][32] Question: Is there potential for continued requests for accelerated project completion from utility customers? - Management confirmed that utilities are under pressure to meet electricity demand, leading to increased requests for energy efficiency programs [34] Question: Will the Los Angeles Department of Water and Power contract contribute meaningfully in Q1? - Management stated that while the contribution was small in Q4, a material increase is expected in Q1, with significant ramp-up in Q2 [38][39] Question: Can data center revenue double in 2026? - Management clarified that the expectation is for the APG acquisition related to data centers to more than double, contributing to long-term growth [41]

Rising electricity demand fuels positive long-term outlook WILLDAN GROUP, INC. Q4 FY25 Earnings Call NASDAQ: WLDN February 26, 2026 Mike Bieber, President & CEO Kim Early, Executive Vice President & CFO Safe Harbor Statement – Statem ents in this presentation that are not purely historical, are forward -looking statements that involve risks and uncertai nties w ithin the meaning of the Private Securities Litigation Ref orm Act of 1995. Willdan's actual results could differ materially from those in any such ...

Public Service Enterprise Group (NYSE:PEG) Q4 2025 Earnings call February 26, 2026 11:00 AM ET Company ParticipantsBill Appicelli - Executive DirectorCarlotta Chan - Director of Investor RelationsDan Cregg - EVP and CFOJulian Dumoulin-Smith - JefferiesMichael Sullivan - Director of Equity ResearchRalph M. LaRossa - President , Chair and CEOShahriar Pourreza - Managing Director and Head of North American Power, InfrastructureConference Call ParticipantsAnthony Crowdell - Managing Director and Senior AnalystJ ...

NuScale Power Corporation (NYSE:SMR) is one of the best manufacturing stocks to invest in now. On February 12, NuScale Power Corporation (NYSE:SMR) inked a strategic partnership with Oak Ridge National Laboratory to enhance the use of artificial intelligence. NuScale Power Corporation (SMR) Advances Energy Innovation Through Partnerships The two are joining forces to leverage AI to explore how fuel could be efficiently and effectively managed across multiple reactors. Nuscale already uses proven off-the- ...

VANCOUVER, British Columbia, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HI) (“Hillcrest” or the “Company”) is pleased to announce that Hillcrest CEO, Don Currie, will present live at the Clean Energy & Renewables Virtual Investor Conference hosted by VirtualInvestorConferences.com, on March 5th, 2026. DATE: March 5th TIME: 11:00 – 11:30 AM ET REGISTER HERE This will be a live, interactive online event where investors are invited to ask the company quest ...

MALVERN, Pa., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today introduced a new series of phototransistor optocouplers that combine a high and linear current transfer ratio (CTR) over temperature with a low forward current of 0.5 mA. Offering high temperature operation up to +125 °C in a choice of four packages — the DIL-4; long creepage LSOP-4; compact SOP-4; and half-pitch SSOP-4 — the Vishay Semiconductors VOx619A series is designed to deliver accuracy and energy efficienc ...

MANITOWOC, Wis., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced the introduction of a localized battery energy storage system that enables facilities to minimize cost and maximize efficiency by drawing on stored solar energy. Inaugural battery energy storage system (BESS) deployments are commencing in Orion’s current fiscal qu ...

PPL Corporation reports 2025 earnings results; provides business plan update through 2029, extending EPS growth targets [Accessibility Statement] Skip Navigation- Announces increase in quarterly common stock dividend to $0.2850 per share.- Updates capital plan to $23 billion of projected infrastructure investments from 2026 through 2029, resulting in average annual rate base growth of ~ 10.3% over the period.- Extends annual EPS growth target of 6% to 8% through at least 2029; expects EPS compound annual gr ...