Willdan Group Inc. (NASDAQ: WLDN) CEO Thomas Brisbin this week bought 50,000 shares of WLDN common stock for $2 per share.
WLDN shares rose marginally in trading today. The stock ended the day 0.47% higher at $2.16 on above average volume of 21,174. It touched an intra-day high of $2.20 in trading today. Year-to-date, WLDN shares have fallen 28%, underperforming the S&P 500, which gained 12.75% in the same period.
Based in Anaheim, California, Willdan provides professional technical and consulting services to public agencies at all levels of government, public and private utilities and commercial and industrial firms.
WLDN reported its most recent quarterly results (Q3) back in November. For the third quarter ended September 28, 2012, WLDN reported revenue of $21.5 million, down 24.7% from the same period in the previous year. On a sequential basis, the company’s revenue for the quarter fell 8.2%. WLDN reported income from operations of $1.4 million for the third quarter of 2012, down from $2.4 million reported for the same period in the previous year.
WLDN’s net income for the quarter was $0.8 million, down from $2.2 million reported for the same period in the previous year. Earnings per share for the quarter were $0.11, compared to $0.30 reported for the same period in the previous year.
CEO Brisbin said last month that while third-quarter revenue declined, the company had a profitable quarter and generated solid cash flow from operations. Brisbin said that the company managed its expenses carefully during the quarter and three of its four segments were profitable.
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