Willdan Group, Inc. (“Willdan”) (NASDAQ:WLDN), today announced financial results for its third quarter ended October 1, 2010.

For the third quarter of 2010, Willdan reported total contract revenue of $20.7 million and net income of $0.8 million, or $0.11 per share.

Tom Brisbin, Willdan’s Chief Executive Officer, remarked: “Our business is growing, profitable, and more diverse in terms of both services and geographic reach than ever before. We have addressed the recession as ‘the new reality’ and have made, and will continue to make, adjustments necessary to move Willdan forward.

“I am optimistic about the future. We have strong growth opportunities across our business lines and markets.”

Third Quarter 2010 Results

For the third quarter of fiscal 2010, revenue was $20.7 million, up $6.1 million, or 41.8%, from revenue of $14.6 million for the comparable period last year. On a sequential basis, revenue was up $0.3 million, or 1.5%, from the second quarter of 2010. Income from operations was $1.4 million for the third quarter of fiscal 2010, as compared to a loss from operations of $1.4 million for the comparable period last year. On a sequential basis, income from operations was up $0.1 million, or 7.7%, from income from operations of $1.3 million for the second quarter of 2010.

Net income was $0.8 million for the third quarter of fiscal 2010, as compared to a net loss of $0.9 million in the comparable period last year and net income of $1.3 million in the second quarter of 2010.

Basic and diluted earnings per share for the third quarter of fiscal 2010 was $0.11 as compared to a loss per share of $0.12 for the comparable period last year.

Willdan generated $3.0 million in cash flow from operations in the third quarter of fiscal year 2010.

Nine Months 2010 Results

For the nine months ended October 1, 2010, revenue was $58.0 million, up $10.8 million, or 22.9%, from revenue of $47.2 million in the comparable period last year. Income from operations was $3.0 million for the nine months ended October 1, 2010 as compared to a loss from operations of $3.5 million for the comparable period last year. Net income was $2.4 million for the nine months ended October 1, 2010 as compared to a net loss of $2.2 million for the comparable period last year.