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WLMS - WLMS STOCK NEWS

Welcome to our dedicated page for WLMS news (Ticker: WLMS), a resource for investors and traders seeking the latest updates and insights on WLMS stock.

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.

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Williams Industrial Services Group (WLMS) has announced its financial guidance for 2022, projecting revenues of $305 - $325 million and an EBITDA of $10 - $12.5 million. The gross margin is expected to be between 10.5% - 11.0%, while SG&A expenses are projected at 8.75% - 9.25%. CEO Tracy Pagliara acknowledged challenges, including the loss of a significant contract and competition for customer work. However, the company plans to focus on cost reductions and targeting growth opportunities within various markets.

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Williams Industrial Services Group Inc. (NYSE American: WLMS) will participate in the Sidoti Virtual MicroCap Conference on December 8, 2021. The company will offer one-on-one investor calls and a webcast presentation at 11:30 a.m. Eastern Time. Interested institutional investors can reach out to Sidoti for scheduling. With over 50 years of experience, Williams focuses on providing construction, maintenance, and specialty services to energy, power, and industrial markets, emphasizing safety and innovation.

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Williams Industrial Services Group (NYSE: WLMS) reported Q3 2021 revenue of $73.4 million, up from $66.2 million in Q3 2020. However, net income declined to $0.7 million or $0.03 per diluted share. The backlog increased to $672.5 million, with about $207.4 million expected to convert to revenue in the next year. Margin pressure led to a revenue guidance revision to $300 million - $310 million from $310 million - $320 million, and adjusted EBITDA is revised to $12.5 million - $13.5 million from $16.0 million - $18.0 million.

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Williams Industrial Services Group Inc. (AMEX: WLMS) has announced a delay in releasing its third quarter financial results for the period ending September 30, 2021. The new release date is now set for November 18, 2021, prior to market opening. Management will also hold a conference call that day at 10:00 a.m. ET to discuss the results, followed by a Q&A session. An audio replay will be available later in the day. Williams has been providing maintenance and support services to infrastructure customers for over 50 years, prioritizing safety and innovation.

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Williams Industrial Services Group Inc. (AMEX: WLMS) has announced significant management changes aimed at strengthening operational effectiveness and accelerating growth. Randy Lay is now Executive Vice President, Chief Operating Officer, while Raymond Hruby becomes Executive Vice President, Business Development. Damien Vassall has been appointed Chief Financial Officer, with Dawn Jenkins becoming a corporate officer. Additionally, Daved Karl has taken on the role of Chief Information Officer. Linda Goodspeed rejoined the Board of Directors, enhancing governance and oversight as the company seeks improved financial results.

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Williams Industrial Services Group Inc. (AMEX: WLMS) is set to release its financial results for Q3 2021 on November 17, 2021, before the markets open. The results will be discussed in a conference call at 10:00 AM Eastern Time, followed by a Q&A session. The company has over 50 years of experience providing infrastructure services in energy and industrial markets.

Investors can access the earnings call via phone or an online webcast, with a replay available later that day.

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Williams Industrial Services Group Inc. (NYSE American: WLMS) announced participation in two upcoming institutional investor events in September 2021. The events include the virtual Colliers 2021 Institutional Investor Conference on September 9 and The DA Davidson Diversified Industrials & Services Conference on September 22. Interested investors can arrange one-on-one calls with management, and additional details will be posted on the company's website. Williams has over 50 years of experience providing infrastructure services to blue-chip clients in the energy and industrial sectors.

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Williams Industrial Services Group Inc. (NYSE American: WLMS) reported a 26.2% year-over-year revenue increase for Q2 2021, totaling $91.6 million. Net income rose to $2.9 million or $0.11 per share, up from $2.5 million a year prior. The company's backlog reached $664.4 million, a 44.2% increase from Q1, with $199.5 million expected to convert to revenue in the next twelve months. Operating income stood at $2.7 million, despite a decrease in gross margin to 10.2%. The outlook remains stable, affirming guidance for $310 million to $320 million in revenue for 2021.

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Williams Industrial Services Group (NYSE American: WLMS) will announce its second quarter financial results for the period ended June 30, 2021, on August 18, 2021, prior to market opening. This will be followed by a conference call at 10:00 a.m. Eastern Time, which will include a question-and-answer session. The call can be accessed via phone or through an internet webcast. The company has serviced infrastructure markets for over 50 years, focusing on safety and innovation.

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Williams Industrial Services Group (NYSE American: WLMS) announced its participation in the Jefferies Virtual Industrial Conference on August 3, 2021. Management will present at 8:00 a.m. Eastern, followed by one-on-one calls throughout the day. The company, with over 50 years of experience, offers various infrastructure services in energy and industrial markets, focusing on safety, innovation, and value delivery. Institutional investors interested in participation should contact their Jefferies representative or Williams' investor relations.

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FAQ

What is the market cap of WLMS (WLMS)?

The market cap of WLMS (WLMS) is approximately 9.7M.

What industries does Williams Industrial Services Group serve?

Williams serves power generation (nuclear, hydro, and fossil), pulp and paper, refining, petrochemical, government, manufacturing, and other heavy industries.

What types of services does Williams offer?

Williams offers general construction, maintenance, modification services, and specialty services like coatings application, insulation, asbestos and lead abatement, and valve maintenance.

Who are the main divisions of Williams Industrial Services Group?

The main divisions are Williams Plant Services, LLC, Williams Specialty Services, LLC, and Williams Industrial Services, LLC.

What are Williams' recent achievements?

Williams has completed several high-profile projects in various sectors, showcasing their reliability and expertise.

How does Williams ensure quality and safety?

Williams focuses on safety, quality, and customer satisfaction in all their operations, adhering to the highest industry standards.

Where can I find more information about Williams?

You can visit their official website at www.wisgrp.com for more detailed information and updates.

What financial position does Williams hold?

Williams maintains a strong financial position, consistently investing in new technologies and expanding their service offerings.

What makes Williams a preferred choice in the industrial services market?

Their strategic focus on safety, quality, and customer satisfaction, along with robust partnerships and reliable service delivery, makes them a preferred choice.

Does Williams offer total plant management support?

Yes, Williams provides comprehensive plant management support services tailored to client needs.

What is Williams' approach to innovation?

Williams continually invests in new technologies and innovation to meet the evolving needs of their clients.

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