Willdan Group, Inc. announced a $97 million energy‑savings performance contract with Alameda County, California, covering 24 county sites. The deal, announced on November 12, 2025, will electrify major HVAC systems, install solar photovoltaic generation, add electric‑vehicle charging stations, and implement a suite of efficiency, deferred‑maintenance, and decarbonization upgrades designed to cut the county’s annual carbon emissions by roughly 1.7 metric tons of CO₂e.
The contract builds on Willdan’s 24‑year history of service to Alameda County and was awarded in a highly competitive field. California’s aggressive sustainability agenda—focused on reducing greenhouse‑gas emissions through energy‑efficiency projects and clean‑energy generation—provides a strong backdrop for the win. The electrification of HVAC and the addition of solar and EV infrastructure align with the broader industry shift toward electrification, driven in part by the rapid expansion of data centers and AI workloads that demand higher power densities and lower carbon footprints.
Financially, the $97 million contract represents a substantial new revenue stream and reinforces Willdan’s foothold in California’s high‑margin electrification and infrastructure services market. The deal is expected to be recognized over the contract term, adding to the company’s long‑term earnings profile and supporting its strategy of expanding high‑margin electrification projects across the United States.
Willdan’s Q3 2025 earnings further underscore the positive impact of the contract win. The company reported earnings per share of $1.21, beating consensus estimates of $0.81–$0.82 by $0.39–$0.40, a 47–49% beat. Revenue of $94.97 million surpassed expectations of $77.5–$86.4 million, a 22–11% beat. Management attributed the strong performance to disciplined cost control, pricing power in high‑margin electrification work, and robust demand from data‑center and commercial customers. CEO Mike Bieber highlighted the company’s long‑standing relationship with the county and expressed pride in being selected from a competitive field, noting that the projects “demonstrate our ability to deliver creative and cost‑effective approaches to modernize infrastructure, strengthen resilience, and achieve lasting energy and cost savings.”
Investors responded positively to the contract announcement and the earnings beat, reflecting confidence in Willdan’s execution and the growing demand for electrification solutions. The company’s guidance for the full year 2025 was raised, signaling management’s optimism about continued demand growth and cost‑control success.
In summary, the $97 million contract with Alameda County is a material, high‑impact event that strengthens Willdan’s market position, supports its electrification strategy, and contributes to the county’s sustainability goals. The contract, coupled with a strong earnings beat, positions the company for continued growth in a rapidly expanding market.
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