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 Inc. (WLMS) delivers essential construction and maintenance solutions for critical infrastructure sectors including nuclear energy, fossil fuels, and government facilities. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and operational milestones.
Access authoritative information about WLMS's specialty services including plant management, hazardous material abatement, and infrastructure maintenance programs. The curated news collection enables stakeholders to monitor contract awards, safety initiatives, and strategic partnerships that demonstrate the company's market position.
Key updates include earnings announcements, major project completions, regulatory compliance developments, and leadership changes. All content is verified through primary sources to ensure accuracy for investment research and industry analysis.
Bookmark this page for consolidated access to Williams Industrial Services' official communications, including SEC filings interpretation and operational updates across their three core divisions. Check back regularly for insights into the company's role in maintaining North America's critical industrial infrastructure.
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.
FAQ
What is the market cap of WLMS (WLMS)?
