Willdan Group, Inc.

that we believe diversification would add long-term stability and would provide Wilden with the opportunity to earn higher margins. These pie charts show that in 2024, commercial revenue was 7% of our business. Two years later, on a full-year pro forma basis after Burton, commercial revenue is expected to be about 25% of revenue this year. The diversification has also contributed to our higher margins and to the reset of of our long-term margin targets that Kim will present in a few slides.

On slide five.

This chart shows that Burton is headquartered outside Atlanta, Georgia, and helps fill in Wildan's presence in the Southeastern and Midwestern states. With Burton, Wildan now has active projects in all 50 states. We now have permanent offices in 26 of the 50 states, plus a presence in Puerto Rico and Canada.