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Williams Industrial Services Group, LLC (WLMS) is a diverse family of companies dedicated to providing a vast array of services in the construction, maintenance, and plant management sectors. Specializing in the power generation industry, including nuclear, hydro, and fossil fuels, as well as other heavy industries like pulp and paper, refining, petrochemical, government, and manufacturing, Williams offers robust solutions through its three main divisions: Williams Plant Services, LLC, Williams Specialty Services, LLC, and Williams Industrial Services, LLC.
Williams' core business revolves around general industrial construction, comprehensive maintenance programs, and specialty construction services. Their capabilities extend to coatings application, insulation, asbestos and lead abatement, and critical repairs and maintenance services such as valve and roofing maintenance. The company's total plant management support services ensure that clients receive tailored, end-to-end solutions for their industrial needs.
Recent achievements highlight Williams' commitment to innovation and excellence. The company has successfully completed several high-profile projects in various sectors, showcasing their expertise and reliability. Financially, Williams maintains a strong position, continually investing in new technologies and expanding their service offerings to meet the evolving needs of their clients.
Their partnerships with leading industry players further cement their reputation as a trusted service provider. Williams' strategic focus on safety, quality, and customer satisfaction drives their operations, making them a preferred choice in the industrial services market.
For the latest updates and more detailed information about Williams Industrial Services Group, please visit their official website at www.wisgrp.com.
Williams Industrial Services Group (NYSE: WLMS) has signed a Master Service Agreement with Eversource Energy (NYSE: ES) to provide natural gas pipeline services in Connecticut. The MSA is effective from September 16, 2022 and spans three years, with an option for a two-year extension. This contract is part of Williams' strategy to enter the growing transmission and distribution market, benefiting from federal infrastructure spending. CEO Tracy Pagliara emphasized that this agreement will enhance the company's gross margin and overall performance.
Williams Industrial Services Group Inc. (NYSE American: WLMS) reported a revenue decline to $56.1 million for Q2 2022, down from $91.6 million a year prior. The company incurred a net loss of $5.3 million, or $(0.20) per diluted share, compared to a profit of $2.6 million in Q2 2021. Adjusted EBITDA also fell to negative $3.2 million. Backlog decreased to $234.3 million, with $144.6 million expected to convert to revenue in the next year. The company revised its 2022 guidance, projecting revenue between $275-$295 million, down from $305-$325 million, reflecting delayed projects and margin pressures.
Williams Industrial Services Group (NYSE American: WLMS) will participate in the Jefferies Industrial Conference in New York on August 10, 2022. Management's general presentation is scheduled for 11:00 a.m. Eastern, with one-on-one calls available throughout the day for institutional investors. With over 50 years of experience, Williams provides infrastructure services to major energy and industrial sectors, focusing on safety, innovation, and value. For more details, visit www.wisgrp.com.
Williams Industrial Services Group Inc. (NYSE: WLMS) revised its fiscal 2022 guidance, projecting revenues between $275 and $295 million, down from $305 to $325 million. Gross margin expectations have also dropped to 9.0% - 9.5% from 10.5% - 11.0%. Adjusted EBITDA is now anticipated between $5.0 and $7.5 million, significantly reduced from the previous estimate of $10.0 - $12.5 million. Key challenges include increased startup costs, litigation expenses, and project delays affecting revenue projections. Despite these setbacks, Williams anticipates a robust project pipeline worth approximately $400 million.
Williams Industrial Services Group Inc. (AMEX: WLMS) is set to release its financial results for the second quarter ended June 30, 2022, after market close on August 11, 2022. A conference call to discuss the results will be held on August 12, 2022, at 10:00 a.m. Eastern Time, featuring a Q&A session. The company has been a trusted provider of infrastructure and maintenance services for over 50 years, serving the energy, power, and industrial sectors. For further details, visit www.wisgrp.com.
Williams Industrial Services Group Inc. (NYSE American: WLMS) reported Q1 2022 revenues of $69.6 million, up from $60.9 million year-over-year. The company experienced a net loss from continuing operations of $2.0 million or $(0.08) per diluted share, compared to a loss of $1.6 million or $(0.06) per share in Q1 2021. Adjusted EBITDA was $0.1 million, down from $0.6 million the previous year. The backlog decreased to $257 million from $270.7 million at year-end. The company reiterated its fiscal 2022 guidance, projecting revenues between $305 million and $325 million.
Williams Industrial Services Group Inc. (AMEX: WLMS) plans to release its financial results for Q1 2022 on May 12, 2022, after market close. A conference call is scheduled for May 13, 2022, at 10:00 a.m. Eastern Time to discuss these results, followed by a Q&A session. The company provides various maintenance and infrastructure services, helping plant owners enhance asset value. They aim for superior service through a focus on safety, innovation, and customer value.
Williams Industrial Services Group reported fourth quarter 2021 revenue of $79.2 million, up from $64.1 million year-over-year. The company achieved a net income of $0.8 million, or $0.03 per share, compared to a loss of $(0.7) million in the previous year's quarter. Total backlog decreased to $631.7 million. Key contract losses, including a significant contract worth $361 million, led to a revised revenue conversion estimate of $157.2 million for 2022. Guidance unchanged, anticipating revenues between $305 million and $325 million.
Williams Industrial Services Group Inc. (WLMS) will report its fourth quarter financial results for the period ending December 31, 2021, on March 16, 2022, post-market close. A conference call is scheduled for March 17, 2022, at 10:00 a.m. Eastern Time, to discuss these results, followed by a Q&A session. Williams has been a key player in delivering maintenance and infrastructure services across energy and industrial sectors for over 50 years.
Williams Industrial Services Group (NYSE: WLMS) reaffirmed its 2022 financial guidance despite the loss of significant contracts worth $360 million related to nuclear decommissioning. The company anticipates a loss of $30 million in 2022 and $50 million in 2023 due to a client transferring contracts to a competitor. CEO Tracy Pagliara emphasized that these losses have minimal impact on gross profit and reaffirmed commitment to customer retention and pursuing growth opportunities. Total backlog, excluding lost contracts, was $275 million as of December 31, 2021.
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