Willdan Group, Inc. (NASDAQ:WLDN) Q4 2022 Earnings Call Transcript

Michael Bieber: On state and local, what we’ve actually seen is a lot of energy efficiency work for stable local governments. We do that work in our performance engineering group and they’re entering this year with record backlog and a lot of momentum with cities that are trying to invest in upgraded infrastructure and energy efficiency. The IRA money, we think, will be a future catalyst to that group of customers, but we haven’t actually received a contract that is funded by IRA money. That is future growth opportunity for us right now. We have a number of discussions with customers trying to figure out how to access that money and best put it to use. But that is not what we’re currently seeing right now. It’s a future opportunity for us in 2023.

Marc Riddick: Great. And then 1 last thing for me. I was sort of curious as to whether or not — now this may be a question, so forgive me, but I was sort of curious as to whether or not you’ve seen any weather impacts on the business. I know we’ve seen some historical weather challenges — I wasn’t sure if there was anything that would have had any impact on maybe what you’ve seen at least through the — at the end of the last year and maybe through the beginning of this year with some of the historical components that we’ve seen this year?

Thomas Brisbin: Some of our people who go scan a lot can get into the resorts, but no. There’s been no impact from the

Operator: At this time, I would like to turn the call back to Tom Brisbane for closing comments.

Thomas Brisbin: I’d just like to thank everybody for tuning in, and we expect good results in the first quarter, and we’ll see you in about 90 days.

Creighton Early: Thanks a lot, everyone.

Operator: Thank you. This does conclude today’s teleconference. You may disconnect your lines at this time, and thank you for your participation, and have a great day.