Company Quick10K Filing
Williams Industrial Services Group
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 19 $38
S-1 2019-11-14 Public Filing
10-Q 2019-11-14 Quarter: 2019-09-30
10-Q 2019-08-14 Quarter: 2019-06-30
10-Q 2019-05-15 Quarter: 2019-03-31
10-K 2019-04-01 Annual: 2018-12-31
10-Q 2018-11-14 Quarter: 2018-09-30
10-Q 2018-08-14 Quarter: 2018-06-30
10-Q 2018-05-21 Quarter: 2018-03-31
10-K 2018-04-16 Annual: 2017-12-31
10-Q 2018-01-31 Quarter: 2017-09-30
10-Q 2017-12-19 Quarter: 2017-06-30
10-Q 2017-12-19 Quarter: 2017-03-31
10-K 2017-09-12 Annual: 2016-12-31
10-K 2017-03-15 Annual: 2015-12-31
10-K 2015-03-09 Annual: 2014-12-31
10-Q 2014-10-30 Quarter: 2014-09-28
10-Q 2014-07-31 Quarter: 2014-06-29
10-Q 2014-05-02 Quarter: 2014-03-30
10-K 2014-03-17 Annual: 2013-12-31
10-Q 2013-11-07 Quarter: 2013-09-30
10-Q 2013-08-08 Quarter: 2013-06-30
10-Q 2013-05-09 Quarter: 2013-03-31
10-K 2013-03-07 Annual: 2012-12-31
10-Q 2012-11-09 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-01 Quarter: 2012-03-31
10-K 2012-03-14 Annual: 2011-12-31
10-Q 2011-11-14 Quarter: 2011-09-30
10-Q 2011-08-15 Quarter: 2011-06-30
10-Q 2011-05-16 Quarter: 2011-03-31
10-K 2011-03-22 Annual: 2010-12-31
10-Q 2010-11-15 Quarter: 2010-09-30
10-Q 2010-09-13 Quarter: 2010-06-30
8-K 2020-03-25 Earnings, Regulation FD, Exhibits
8-K 2020-03-06 Other Events, Exhibits
8-K 2020-02-07 Other Events, Exhibits
8-K 2020-01-13 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2019-11-14 Enter Agreement, Earnings, Sale of Shares, Regulation FD, Exhibits
8-K 2019-09-30 Officers, Exhibits
8-K 2019-08-14 Earnings, Regulation FD, Other Events, Exhibits
8-K 2019-06-21 Officers, Exhibits
8-K 2019-06-10 Officers, Shareholder Vote, Exhibits
8-K 2019-05-15 Earnings, Regulation FD, Exhibits
8-K 2019-04-01 Earnings, Regulation FD, Exhibits
8-K 2019-03-28 Other Events, Exhibits
8-K 2019-03-19 Other Events, Exhibits
8-K 2019-01-14 Regulation FD, Exhibits
8-K 2018-11-09 Shareholder Vote
8-K 2018-11-09 Earnings, Regulation FD, Exhibits
8-K 2018-11-06 Other Events, Exhibits
8-K 2018-10-11 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2018-09-18 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2018-08-28 Other Events, Exhibits
8-K 2018-08-14 Earnings, Regulation FD, Exhibits
8-K 2018-07-31 Officers, Exhibits
8-K 2018-07-11 Enter Agreement, Exit Costs, Other Events, Exhibits
8-K 2018-06-29 Amend Bylaw, Other Events, Exhibits
8-K 2018-06-20 Officers, Other Events, Exhibits
8-K 2018-05-29 Officers
8-K 2018-05-21 Earnings, Regulation FD, Exhibits
8-K 2018-04-16 Earnings, Regulation FD, Exhibits
8-K 2018-01-31 Earnings, Regulation FD, Exhibits
8-K 2017-12-27 Other Events

Williams Industrial Services Group Financials

WLMS Metrics, Comps, Filings

Annual | Quarterly

Business

Global Power Equipment Group Inc. was incorporated in 2001 under the laws of the State of Delaware and became the successor to GEEG Holdings, LLC, which was formed as a Delaware limited liability company in 1998. Effective June 29, 2018, Global Power Equipment Group Inc. changed its name to Williams Industrial Services Group Inc. (together with its wholly owned subsidiaries, “Williams,” the “Company,” “we,” “us” or “our,” unless the context indicates otherwise) to better align its name with the Williams business (as defined below), and our stock now trades on the OTCQX® Best Market (the “OTCQX”) under the ticker symbol “WLMS.” Williams has been safely helping plant owners and operators enhance asset value for more than 50 years. We provide a broad range of construction, maintenance and support services to customers in energy, power and industrial end markets. Our mission is to be the preferred provider of construction, maintenance, and specialty services through commitment to superior safety performance, focus on innovation, and dedication to delivering unsurpassed value to our customers.

We completed the transformation of our Company in 2018. Beginning in 2016, we shifted our strategy to become a preferred provider of construction, maintenance and specialty services, to exit all product manufacturing businesses and to use the proceeds from the sales to reduce and restructure our term debt. To effect this change, in the third quarter of 2017, we made the decision to exit and sell substantially all of the operating assets and liabilities of our Mechanical Solutions segment, which

In spite of our efforts, which included retaining financial advisors to sell all or part of Koontz-Wagner’s operations, inside or outside of a federal bankruptcy or state court proceeding (including Chapter 11 of Title 11 of the U.S. Bankruptcy Code (the “Bankruptcy Code”)), the proposed disposition did not progress as planned due, primarily, to the absence of viable bids in the sale process, the inability of Koontz-Wagner to fund its ongoing operations or obtain financing to do so, and Koontz-Wagner’s deteriorating financial performance. As a result, on July 11, 2018, Koontz-Wagner filed a voluntary petition for relief under Chapter 7 of Title 11 of the Bankruptcy Code with the U.S. Bankruptcy Court for the Southern District of Texas. The filing was for Koontz-Wagner only, not for the Company as a whole, and was completely separate and distinct from the Williams business and operations.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
ATI Nationwide Holding (ATIN) 40,178 -649.2 -30,945% 0 6 0 0 -62 -62 40,178
Earth Science Tech (ETST) 39,246 53% -19.3 -600% 352 833 597 316 -2,113 -2,030 39,211
Cipherloc (CLOK) 38,753 85% -5.5 -43% 11,652 186 87 74 -5,012 -5,029 27,662
First Choice Healthcare Solutions (FCHS) 38,514 16.2 3% 27,801 7,984 0 0 832 1,917 31,130
Echelon (ELON) 38,425 55% -8.2 -17% 28,010 6,437 31,601 17,474 -4,655 -4,090 33,505
Protagenic (PTIX) 38,275 -17.0 -640% 350 729 0 0 -2,237 -2,237 37,936
Williams Industrial Services Group (WLMS) 37,976 14% -6.6 -11% 103,066 81,820 219,940 31,418 -11,645 -10,787 71,308
Pharmacyte Biotech (PMCB) 37,745 -11.8 -57% 5,606 607 0 0 -3,171 -3,170 37,417
Invesco DB US Dollar Index Bearish Fund (UDN) 37,692 -48.5 -2% 41,690 4,002 0 0 -780 -778 37,692
Leafbuyer (LBUY) 36,895 109% -5.1 -175% 3,915 3,279 1,892 2,064 -6,835 -7,160 36,713
Xplore Technologies (XPLR) 36,845 30% 14.6 0% 63,578 33,303 86,852 25,892 300 2,519 36,799
Cannabis Sativa (CBDS) 36,574 52% -16.5 -59% 4,489 2,699 454 238 -2,665 -2,219 36,514
Exeo Entertainment (EXEO) 36,179 39% -32.7 -146% 761 1,762 127 49 -1,113 -1,104 36,043
Exactus (EXDI) 35,907 26% -8.0 -81% 6,426 2,224 156 40 -5,221 -4,410 35,343
Darkpulse (KLMK) 35,876 -25.8 -397% 584 3,359 0 0 -2,320 -1,432 36,998
Equitable Financial (EQFN) 35,831 -0.0 0% 305,668 269,015 0 0 571 3,492 -156
FoodFirst (BBRG) 35,805 0% 31.4 -11% 133,876 166,149 398,247 0 -15,391 2,421 76,068
BLOX (BLXX) 35,706 -3.1 -932% 1,250 622 0 0 -11,649 -11,649 35,697
Western Capital Resources (WCRS) 35,677 56% -0.9 1% 89,005 23,300 114,140 64,322 1,043 4,438 -4,095
Innovation Pharmaceuticals (IPIX) 35,645 -4.5 -205% 4,046 8,175 0 0 -8,282 -7,859 35,066

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash99,49110,5004,942
Accounts Receivable52,57390,57393,484115,35193,07759,28026,06022,724
Inventory5,3546,8086,476
PP&E9,49215,59842,79722,84733,82212,5961,712335
Assets316,150344,818367,398394,547301,030232,842135,81687,504
Accounts Payable10,37724,74919,66418,85616,86119,0765,0802,953
Long-Term Debt023,00045,00024,30436,777
Liabilities57,49674,82087,807113,344170,263145,70893,68969,291
Stockholders' Equity258,654269,998279,591281,203130,76787,13442,12718,213
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue298,959269,152484,218222,250589,003418,588186,982188,918
Cost of Revenue258,359229,132399,214447,715536,406369,599169,056160,177
Gross Profit77,11783,05485,00490,83052,59748,98917,92628,741
R&D
SG&A50,56162,60866,36065,70681,60166,73838,29732,524
Tax-37,5381,031-4371,9836431,612-6,367-4,400
Net Income76,85817,59411,78511,149-78,729-43,613-56,523-25,435
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating31,161-8,65019,738-9,8186,781-3,623-29,171-8,297
Cash Investing16,557-44,201-54,270-8,064-15,2599,50920,585-137
Cash Financing-3,077-15,39214,86215,25822,982-25,102-33,0993,026