Willdan Group Inc 2026年季度报告

Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of theExchange Act). Yes◻No⌧ As of May 6, 2026, there were 15,110,606 shares of common stock, $0.01 par value per share, of WilldanGroup,Inc. issued and outstanding. WILLDAN GROUP,INC.FORM10-Q QUARTERLY REPORT TABLE OF CONTENTS PARTI. FINANCIAL INFORMATIONItem 1. Financial Statements (Unaudited)Item 2. Management’s Discussion and Analysis of Financial Condition and Results ofOperationsItem 3. Quantitative and Qualitative Disclosures About Market RiskItem 4. Controls and ProceduresPARTII. OTHER INFORMATIONItem 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 3. Defaults upon Senior SecuritiesItem 4. Mine Safety DisclosuresItem 5. Other InformationItem 6. Exhibits CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This Quarterly Report on Form 10-Q (this “10-Q”) contains statements that constitute forward-looking statements as that term is defined by the Private Securities Litigation Reform Act of 1995, asamended. These statements concern our business, operations and financial performance and condition aswell as our plans, objectives and expectations for our business operations and financial performance andcondition, which are subject to risks and uncertainties. All statements other than statements of historicalfact included in this 10-Q are forward-looking statements. These statements may include words such as“aim,” “anticipate,” “assume,” “believe,” “can have,” “could,” “due,” “estimate,” “expect,” “goal,” These forward-looking statements are based on current expectations, estimates, forecasts andprojections about our business and the industry in which we operate and our management’s beliefs andassumptions. We derive many of our forward-looking statements from our own operating budgets andforecasts, which are based upon many detailed assumptions. While we believe that our assumptions are All of our forward-looking statements are subject to risks and uncertainties that may cause ouractual results to differ materially from our expectations. Important factors that could cause actual results to ●our ability to adequately complete projects in a timely manner;●our ability to compete successfully in the highly competitive energy services market, whichrepresented 85% of our consolidated revenue in fiscal year 2025;●our reliance on work from our top ten clients, which accounted for 51% of our consolidatedcontract revenue for fiscal year 2025; Table of Contents persons acting on our behalf, are expressly qualified in their entirety by the cautionary statementsdisclosed elsewhere in this Quarterly Report on Form 10-Q, and under Part I, Item 1A. “Risk Factors”,“Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewherein our Annual Report on Form 10-K for the fiscal year ended January 2, 2026, as such disclosures may beamended, supplemented or superseded from time to time by other reports we file with the Securities and Potential investors and other readers are urged to consider these factors carefully in evaluating theforward-looking statements and are cautioned not to place undue reliance on any forward-lookingstatements we make. These forward-looking statements speak only as of the date of this Quarterly Reporton Form 10-Q and are not guarantees of future performance or developments and involve known and PART I. FINANCIAL INFORMATION WILLDAN GROUP,INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) WILLDAN GROUP,INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY WILLDAN GROUP,INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands) Table of Contents WILLDAN GROUP, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. ORGANIZATION AND OPERATIONS OF THE COMPANY Willdan Group, Inc. (“Willdan” or the “Company”) is a provider of professional, technical andconsulting services to utilities, private industry, and public agencies at all levels of government. Asresources and infrastructures undergo continuous change, the Company helps organizations and theircommunities evolve and thrive by providing a wide range of technical services for energy solutions and The Company’s broad portfolio of services operates within two financial reporting segments: (1)Energy and (2) Engineering and Consulting. The interfaces and synergies between these segments are The accounting policies followed by the Company are set forth in PartII, Item8,Note1,“Organization and Operations of the Company”,of the Notes toConsolidated FinancialStatementsincluded in the Company’s Annual Report on Form10-K for the fiscal year ended January 2,2026. In the opinion of management, all adjustments necessary to fairly state theCondensedConsolidatedFinancial Statementshave been made. All such adjustments are of a normal, recurring natu