Richard Eisenberg's questions to Willdan Group Inc (WLDN) leadership • Q2 2025
Question
Richard Eisenberg, a private investor, asked about the company's acquisition pipeline for the remainder of the year and whether it is more difficult to conduct business in Republican-led states like North Carolina, South Carolina, and Georgia.
Answer
CEO Michael Bieber stated that while Willdan has a good pipeline of M&A opportunities, he could not predict the timing of any closures. He emphasized that business is not harder in states like North and South Carolina, describing them as 'vibrant markets' and citing a large, successful contract with Duke Energy as an example. CFO Creighton Kim Early added that a potential elimination of the 179D tax credit would likely not impact the tax rate until 2027.