Ankündigung • Jan 14
Williams Industrial Services Group Inc. COM Deleted from OTC Equity Williams Industrial Services Group Inc. COM has been deleted from OTC Equity effective January 13, 2025, due to Bankruptcy Plan Effective /Shares Cancelled. Ankündigung • Oct 19
Nelson Obus Resigns as A Director of Williams Industrial Services Group Inc On October 10, 2023, Nelson Obus resigned as a director of Williams Industrial Services Group Inc., effective immediately. Mr. Obus’s resignation was not due to a disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. Ankündigung • Sep 20
EnergySolutions, Inc. acquired Substantially All the Assets of Williams Industrial Services Group Inc. (NYSEAM:WLMS). EnergySolutions, Inc. entered into a “stalking horse” Asset Purchase Agreement to acquire Substantially All the Assets of Williams Industrial Services Group Inc. (NYSEAM:WLMS) for $60 million on July 22, 2023. The Purchase Agreement provides that the Sellers will pay a break-up fee to Energy Solutions equal to $2,400,000 upon termination of the transaction in certain circumstances. The transactions are part of a sale process under Section 363 of the Bankruptcy Code that will be subject to approval by the Court and compliance with agreed upon and Court-approved bidding procedures allowing for the submission of higher or otherwise better offers and satisfaction of other agreed-upon conditions. Stuart Welburn and Sean Gordon of Thompson Hine LLP and Chipman Brown Cicero & Cole, LLP acted as legal advisor and G2 Capital Advisors, LLC and Greenhill & Co., LLC acted as financial advisor to Williams Industrial Services Group Inc. Michael Littenberg, Matthew Roose and Sarah Young of Ropes & Gray LLP acted as legal advisor to EnergySolutions, Inc.
EnergySolutions, Inc. completed the acquisition Substantially All the Assets of Williams Industrial Services Group Inc. (NYSEAM:WLMS) on September 18, 2023. Ankündigung • Jul 27
Williams Industrial Services Group Inc.(OTCPK:WLMS.Q) dropped from S&P TMI Index Williams Industrial Services Group Inc.(OTCPK:WLMS.Q) dropped from S&P TMI Index Ankündigung • Jul 25
EnergySolutions, Inc. entered into a “stalking horse” Asset Purchase Agreement to acquire Substantially All the Assets of Williams Industrial Services Group Inc. (NYSEAM:WLMS) for $60 million. EnergySolutions, Inc. entered into a “stalking horse” Asset Purchase Agreement to acquire Substantially All the Assets of Williams Industrial Services Group Inc. (NYSEAM:WLMS) for $60 million on July 22, 2023. The Purchase Agreement provides that the Sellers will pay a break-up fee to Energy Solutions equal to $2,400,000 upon termination of the transaction in certain circumstances. The transactions are part of a sale process under Section 363 of the Bankruptcy Code that will be subject to approval by the Court and compliance with agreed upon and Court-approved bidding procedures allowing for the submission of higher or otherwise better offers and satisfaction of other agreed-upon conditions. Stuart Welburn and Sean Gordon of Thompson Hine LLP and Chipman Brown Cicero & Cole, LLP acted as legal advisor and G2 Capital Advisors, LLC and Greenhill & Co., LLC acted as financial advisor to Williams Industrial Services Group Inc. Michael Littenberg, Matthew Roose and Sarah Young of Ropes & Gray LLP acted as legal advisor to EnergySolutions, Inc. New Risk • Jul 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Market cap is less than US$10m (US$8.45m market cap). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$8.4m net loss next year). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). New Risk • Jun 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.95m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (US$9.95m market cap). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$8.4m net loss next year). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Major Estimate Revision • May 24
Consensus EPS estimates upgraded to US$0.43 loss, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$271.5m to US$255.1m. 2023 losses expected to reduce from -US$0.48 to -US$0.43 per share. Construction industry in the US expected to see average net income growth of 19% next year. Consensus price target down from US$3.00 to US$2.00. Share price fell 36% to US$0.58 over the past week. Ankündigung • May 19
Williams Industrial Services Group Inc. Provides Revenue Guidance for the Year 2023 Williams Industrial Services Group Inc. provided revenue guidance for the year 2023. Given its reduced backlog and the more difficult award environment, its revenue forecast is expected to be at lower levels for the remainder of 2023. Reported Earnings • May 18
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: US$0.006 loss per share (improved from US$0.078 loss in 1Q 2022). Revenue: US$103.5m (up 49% from 1Q 2022). Net loss: US$146.0k (loss narrowed 93% from 1Q 2022). Revenue exceeded analyst estimates by 35%. Earnings per share (EPS) also surpassed analyst estimates by 96%. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Construction industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Ankündigung • May 09
Williams Industrial Services Group Inc. to Report Q1, 2023 Results on May 17, 2023 Williams Industrial Services Group Inc. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on May 17, 2023 Major Estimate Revision • Jan 13
Consensus EPS estimates fall by 106% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$247.4m to US$236.8m. Losses expected to increase from US$0.23 per share to US$0.48. Construction industry in the US expected to see average net income growth of 25% next year. Consensus price target of US$5.00 unchanged from last update. Share price was steady at US$1.05 over the past week. Ankündigung • Jan 12
Williams Industrial Services Group Inc. to Report Fiscal Year 2022 Results on Mar 31, 2023 Williams Industrial Services Group Inc. announced that they will report fiscal year 2022 results on Mar 31, 2023 Recent Insider Transactions • Nov 19
Independent Director recently bought US$103k worth of stock On the 18th of November, David A. Brown bought around 101k shares on-market at roughly US$1.02 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.1m more in shares than they have sold in the last 12 months. Price Target Changed • Nov 17
Price target decreased to US$5.00 Down from US$5.50, the current price target is an average from 2 analysts. New target price is 350% above last closing price of US$1.11. Stock is down 76% over the past year. The company is forecast to post a net loss per share of US$0.17 compared to earnings per share of US$0.10 last year. Reported Earnings • Aug 12
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: US$0.20 loss per share (down from US$0.10 profit in 2Q 2021). Revenue: US$56.1m (down 39% from 2Q 2021). Net loss: US$5.31m (down 301% from profit in 2Q 2021). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 200%. Over the next year, revenue is forecast to grow 7.1%, compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 06
Consensus revenue estimates fall by 10% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$315.3m to US$282.2m. Forecast loss of -US$0.14, down from profit of US$0.04 per share profit previously. Construction industry in the US expected to see average net income growth of 26% next year. Consensus price target down from US$6.00 to US$5.50. Share price fell 10% to US$1.40 over the past week. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 20% share price gain to US$1.56, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Construction industry in the US. Total loss to shareholders of 29% over the past three years. Recent Insider Transactions • May 20
Independent Director recently bought US$246k worth of stock On the 19th of May, David A. Brown bought around 164k shares on-market at roughly US$1.51 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.1m more in shares than they have sold in the last 12 months. Major Estimate Revision • May 19
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.10 to US$0.04 per share. Revenue forecast steady at US$315.3m. Net income forecast to shrink 5.4% next year vs 28% growth forecast for Construction industry in the US . Consensus price target of US$6.00 unchanged from last update. Share price rose 12% to US$1.56 over the past week. Reported Earnings • May 13
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: US$0.078 loss per share (down from US$0.063 loss in 1Q 2021). Revenue: US$69.6m (up 14% from 1Q 2021). Net loss: US$2.03m (loss widened 28% from 1Q 2021). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) missed analyst estimates by 300%. Over the next year, revenue is forecast to stay flat compared to a 14% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$1.50, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Construction industry in the US. Total loss to shareholders of 33% over the past three years. Price Target Changed • Apr 27
Price target decreased to US$6.00 Down from US$6.50, the current price target is an average from 2 analysts. New target price is 268% above last closing price of US$1.63. Stock is down 69% over the past year. The company is forecast to post earnings per share of US$0.10 for next year compared to US$0.10 last year. Recent Insider Transactions • Mar 24
Independent Director recently bought US$176k worth of stock On the 22nd of March, David A. Brown bought around 100k shares on-market at roughly US$1.76 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$836k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 18
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: US$0.11 (up from US$0.084 in FY 2020). Revenue: US$304.9m (up 13% from FY 2020). Net income: US$2.70m (up 36% from FY 2020). Profit margin: 0.9% (up from 0.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%. Over the next year, revenue is forecast to grow 2.0%, compared to a 19% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improved over the past week After last week's 16% share price gain to US$1.70, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Construction industry in the US. Total loss to shareholders of 25% over the past three years. Price Target Changed • Feb 01
Price target decreased to US$6.17 Down from US$6.95, the current price target is an average from 2 analysts. New target price is 216% above last closing price of US$1.95. Stock is down 42% over the past year. The company is forecast to post earnings per share of US$0.10 for next year compared to US$0.084 last year. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 33% share price decline to US$2.10, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Construction industry in the US. Total loss to shareholders of 14% over the past three years. Executive Departure • Dec 07
President Michael Powers has left the company On the 25th of November, Michael Powers' tenure as President ended. As of September 2021, Michael still personally held 81.03k shares (US$346k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Recent Insider Transactions • Nov 26
Independent Director recently bought US$318k worth of stock On the 23rd of November, David A. Brown bought around 88k shares on-market at roughly US$3.59 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$520k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 19
Third quarter 2021 earnings released: EPS US$0.032 (vs US$0.045 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$73.4m (up 11% from 3Q 2020). Net income: US$794.0k (down 29% from 3Q 2020). Profit margin: 1.1% (down from 1.7% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS US$0.10 (vs US$0.10 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: US$91.6m (up 26% from 2Q 2020). Net income: US$2.65m (up 5.5% from 2Q 2020). Profit margin: 2.9% (down from 3.5% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 10
Independent Chairman of the Board recently bought US$202k worth of stock On the 8th of June, Robert Mills bought around 35k shares on-market at roughly US$5.78 per share. This was the largest purchase by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Major Estimate Revision • May 26
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from US$0.29 to US$0.26 per share. Revenue forecast steady at US$310.7m. Net income forecast to grow 405% next year vs 24% growth forecast for Construction industry in the US. Consensus price target up from US$6.25 to US$6.70. Share price rose 2.4% to US$5.07 over the past week. Reported Earnings • May 21
First quarter 2021 earnings released: US$0.063 loss per share (vs US$0.046 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: US$60.9m (down 8.0% from 1Q 2020). Net loss: US$1.58m (loss widened 70% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Ankündigung • May 20
Williams Industrial Services Group Inc. Reaffirms Earnings Guidance for the Fiscal Year 2021 Williams Industrial Services Group Inc. reaffirmed earnings guidance for the fiscal year 2021. It expects revenue of $310 million to $320 million. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improved over the past week After last week's 18% share price gain to US$4.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 24x in the Construction industry in the US. Total returns to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 16% share price gain to US$3.94, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 24x in the Construction industry in the US. Total returns to shareholders of 55% over the past three years. Price Target Changed • Apr 06
Price target increased to US$6.25 Up from US$5.75, the current price target is an average from 2 analysts. New target price is 51% above last closing price of US$4.14. Stock is up 237% over the past year. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS US$0.084 (vs US$0.055 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$269.1m (up 9.5% from FY 2019). Net income: US$1.98m (up 94% from FY 2019). Profit margin: 0.7% (up from 0.4% in FY 2019). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 01
Williams Industrial Services Group Inc. Reaffirms Revenue Guidance for 2021 Williams Industrial Services Group Inc. reaffirmed revenue guidance for 2021. For the year, the company reaffirms revenue of $310 million to $320 million. Ankündigung • Mar 09
Williams Industrial Services Group Announces Election of Robert Mills as Chairman Williams Industrial Services Group Inc. announced that the company’s Board of Directors has elected Robert B. Mills as Chairman, effective March 5, 2021. Mr. Mills, who has been a member of the company’s Board since 2015, succeeds Charles “Mac” Macaluso in the position of Chairman; Mr. Macaluso passed away on February 22, 2021. Mr. Mills was previously Chief Operating Officer of Assured Guaranty Ltd., the largest financial guaranty
insurance company in the world and, before that, its Chief Financial Officer. He began his career at KPMG, where he progressed to partner and was later appointed National Practice Director for Investment Banking and Capital Markets. His career also included serving as Chief Operating Officer and Chief Financial Officer of the Americas Region for UBS, AG. Mr. Mills currently serves on the Johns Hopkins University Lyme Research Center Board. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 27% share price gain to US$3.79, the stock is trading at a trailing P/E ratio of 35x, up from the previous P/E ratio of 27.6x. This compares to an average P/E of 26x in the Construction industry in the US. Total returns to shareholders over the past three years are 23%. Is New 90 Day High Low • Feb 27
New 90-day high: US$3.41 The company is up 93% from its price of US$1.77 on 27 November 2020. The American market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 20% over the same period. Ankündigung • Feb 10
Williams Industrial Services Group Inc. Appoints Mitchell Quain to Serve on the Compensation Committee and the Nominating and Corporate Governance Committee Williams Industrial Services Group Inc. is filing this amendment to its Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on September 3, 2020 (the “Original Filing”), which reported the election of Mitchell I. Quain as a director of the Company, effective as of September 2, 2020. At the time of the Original Filing, the Board of Directors of the Company had not made a determination regarding any committee assignments for Mr. Quain. On February 4, 2021, the Board of Directors appointed Mr. Quain to serve on the Compensation Committee and the Nominating and Corporate Governance Committee, effective immediately. Ankündigung • Jan 29
Williams Industrial Services Group Inc. to Report Q4, 2020 Results on Mar 31, 2021 Williams Industrial Services Group Inc. announced that they will report Q4, 2020 results Pre-Market on Mar 31, 2021 Ankündigung • Jan 16
Williams Industrial Services Group Inc. Hires Mike Bruno as Vice President of Business Development Williams Industrial Services Group Inc. announced that it has hired Mike Bruno as Vice President of Business Development, reporting to Kelly Powers, President of Operations & Business Development. Prior to returning to Williams as Vice President of Business Development, he was the Fleet Director of Maintenance Services at Day & Zimmermann, with overall responsibility for nuclear project services at multiple facilities. Mr. Bruno also previously held several positions at GE, including power plant manager. Ankündigung • Dec 19
Williams Industrial Services Group Inc. announced that it has received $50 million in funding from Energy Impact Partners LLC, CrowdOut Capital LLC, CION Investment Management, LLC On December 17, 2020, Williams Industrial Services Group Inc. (OTCPK:WLMS) closed the transaction. Ankündigung • Oct 28
Williams Industrial Services Group Inc. to Report Q3, 2020 Results on Nov 12, 2020 Williams Industrial Services Group Inc. announced that they will report Q3, 2020 results on Nov 12, 2020 Ankündigung • Sep 25
Global Power Equipment Group Inc. acquired 90% interest in Nanjing Boiler Works (NBW) from Nanjing Machinery & Electronics Industrial (Group) Co., Ltd. for approximately CNY90.32 million in cash. Global Power Equipment Group Inc. announced the acquisition of a 90% interest in Nanjing Boiler Works (NBW) from Nanjing Machinery & Electronics Industrial (Group) Co., Ltd. on July 30, 2004. The transaction was reportedly valued at approximately CNY90.32 million ($10.9 million) in cash. Global Power has the option to purchase the remaining 10% interest in NBW starting in January 2006. Guanxi Zheng of Dorsey & Whitney LLP acted as legal advisor to Global Power Equipment Group Inc. The conversion was done using www.oanda.com on July 29, 2004.
Global Power Equipment Group Inc. completed the acquisition of a 90% interest in Nanjing Boiler Works (NBW) from Nanjing Machinery & Electronics Industrial (Group) Co., Ltd. on July 30, 2004.