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Williams Industrial Services Group Inc.  (GLPW)
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Williams Industrial Services Group Inc. Segments

 
 

Business Segments II. Quarter
Revenues
(in millions $)
(Jun 30 2019)
%
(of total Revenues)
II. Quarter
Income
(in millions $)
(Jun 30 2019)
%
(Profit Margin)
Total
71.47 100 % 2.01 2.81 %

• View Income Statement • View Competition by Segment • View Annual Report

Growth rates by Segment II. Quarter
Y/Y Revenue
%
(Jun 30 2019)
Q/Q Revenue
%
II. Quarter
Y/Y Income
%
(Jun 30 2019)
Q/Q Income
%
Total
65.73 % 41.09 % - 561.72 %

• View Growth rates • View Competitors Segment Growth • View Market Share

To get more information on Williams Industrial Services Group's Total segment. Select each division with the arrow.

  Williams Industrial Services Group's

Business Segments Description



Mechanical Solutions

This reportable segment was comprised of Braden Manufacturing, LLC (“Braden”), Braden Europe, B.V. (“Braden Europe”) and Consolidated Fabricators (“CFI”). TOG was included in this segment until we sold all of the stock of TOG in July 2016. See “Explanatory Note” and “Part II—Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity Outlook” for additional information. Our Mechanical Solutions segment designs, engineers, manufactures, installs, commissions and provides services for the worldwide power generation markets. Mechanical Solutions’ products and services include filter houses, inlet and exhaust systems, diverter dampers, selective catalytic reduction systems (commonly referred to as “SCR”), auxiliary control skids and enclosures, expansion joints, air filtration elements, retrofit and upgrade solutions for natural gas turbine power plants and other industrial, energy and power-related applications. We also provide replacement parts, filter elements and aftermarket retrofit equipment to both original equipment manufacturers (“OEMs”) and end users. Our solutions are custom-engineered to meet project and customer-specific requirements. Our principal customers are utility-scale gas turbine OEMs, engineering, procurement and contractor (“EPC”) firms and the owner/operators that buy OEM equipment, such as electric utilities and independent power producers.


Our technical and engineering capabilities enable us to design and manufacture a broad range of power plant and other industrial equipment to meet each customer’s specific performance requirements. We provide the following comprehensive range of solutions critical to the operation of power plants.

Inlet Systems. Inlet systems are comprised of filter houses and air intake ducts that condition the air entering a turbine or engine (pulse-type or barrier filtration, temperature and moisture control, flow distribution and pressure drop optimization) and provide acoustical treatment for noise generated by the gas turbine air flow.

Exhaust Systems. Exhaust systems, including diffusers, plenums, ducts and stacks, expansion joints and diverter dampers, direct the hot exhaust from the turbine to the atmosphere in the case of simple cycle operation or into a heat recovery steam generator (“HRSG”) when the power plant is operated as a combined cycle facility.

Selective Catalytic Reduction Systems. SCR systems are used in simple cycle gas turbine facilities and are focused on removing oxides of nitrogen and carbon and other volatiles from exhaust gas.

Custom-Engineered Equipment Skids. Custom-engineered, pre-packaged equipment skids, either enclosed or open to the elements, with or without HVAC, can be used for a wide variety of industrial equipment applications, allowing faster and lower cost equipment installation at a customer’s industrial site.

The contracts under which we sell our products are typically fixed-price contracts, most of which are “lump sum bid” contracts. Under lump sum bid contracts, we bid against other suppliers based on customer or project specifications. Many of our project destinations are outside the U.S.

Historically, Mechanical Solutions fabricated equipment through a combination of in-house manufacturing at our own facilities in the U.S. and Mexico and outsourced manufacturing in other countries around the world. However, beginning in 2016, all of our Mechanical Solutions businesses, except CFI, began exclusively using outsourced manufacturing facilities. Our network of high quality manufacturing partners, located in more than 20 countries, allows us to manufacture equipment worldwide and maintain a competitive cost structure. Outsourcing our gas turbine auxiliary product manufacturing enables us to meet increasing demand without internal manufacturing capacity limitations, to reduce our capital expenditure requirements and to respond to the particular sourcing initiatives of our customers, whether those initiatives call for global sourcing or for localized supply content. Our employees work closely with our international manufacturing partners to supervise the fabrication of our products at their facilities to ensure high levels of quality and workmanship. While we generally have proven, long-term relationships with our subcontractors, we also routinely search for additional subcontractors to enhance our ability to manufacture equipment at the lowest cost while maintaining high quality standards and on time delivery.

Electrical Solutions

This reportable segment was comprised of Koontz-Wagner, the former operations of IBI Power following its merger with and into Koontz-Wagner and the portion of the Energy Packaged Power Solutions business that we acquired in the first quarter of 2015 from Siemens Industry, Inc. (“Siemens” and the “Siemens’ eHouse manufacturing operations”). Electrical Solutions focuses on custom engineering and manufacturing of integrated control house systems, engine generator packages and enclosures, industrial tanks and custom-engineered equipment skids for the energy, oil and gas, digital data storage and electrical industries. Our principal customers are turbine and reciprocating engine OEMs, switchgear and drive OEMs, backup and distributed power providers, EPC firms, electric utilities and owner/operators of independent electric power facilities, oil and gas midstream and downstream operations, information technology companies and other industrial companies. Our solutions are custom-engineered to meet customer-specific requirements.

Our technical and engineering capabilities enable us to design and manufacture the following products:

Custom-Engineered Equipment Skids. Custom-engineered, pre-packaged electrical equipment skids can be used for a wide variety of industrial equipment applications, allowing faster and lower cost equipment installation at a customer’s industrial site.

Packaged Control Houses (“PCH”). PCH are custom-engineered and designed, fully integrated fabricated metal buildings that house electrical power and control equipment, namely switchgear, motor control centers, variable frequency drives and utilities for the power generation, oil and gas processing and refining (midstream and downstream), industrial, utility and renewables market segments.

Generator Enclosure Packages and Sub-Base Tanks. Custom-engineered and designed generator enclosure packages are fabricated metal buildings that are often sound attenuated and designed to meet site certification, visual, environmental, functional, size and sound requirements. The enclosure packages are used to house both prime and standby diesel/natural gas generators that range from 30 Kilowatts to 4,000 Kilowatts in a wide range of environments, from desert to arctic, in a fully integrated package, including all necessary systems for an operating generator package. We also offer sub-base and stand-alone tanks meeting the safety standards of UL LLC, an American safety consulting and certification company, including UL LLC listings UL 142, UL 2085 and ULC-S601.

Services

This reportable segment was comprised of Williams Industrial Services Group, LLC (collectively with Williams Plant Services, LLC, Williams Specialty Services, LLC and Williams Industrial Services, LLC, the “Williams business”) and Hetsco. The Hetsco business was sold in January 2017. Our Services segment provides a comprehensive range of maintenance, modification and construction support services for nuclear power plants and a wide range of utility and industrial customers in the fossil fuel, industrial gas, natural gas and petrochemical industries, as well as other industrial operations. We provide these services primarily on a direct hire basis, where we manage and perform the work ourselves. We can also act in a general contracting capacity where we manage multiple subcontractors and, in other cases, we are retained as a subcontractor on a project. We primarily operate in the U.S. The Hetsco business generated a portion of its revenue in 2016 from offshore repairs of installed aluminum heat exchangers, primarily in the Middle East, Africa and Asia. The services provided by our Services segment are designed to improve or sustain operating efficiencies and extend the useful lives of process equipment. We provide these services both on a constant presence basis and for discrete projects.

Our Services segment offerings include the following:

Nuclear Power Plant Maintenance, Modification and Construction. We perform a full range of critical services for the nuclear facility market, including capital projects and facility upgrades, as well as routine maintenance and modification work.

Fossil Fuel, Industrial Gas, Natural Gas and Petrochemical Operations Modification and Construction. We provide routine maintenance, repair and capital project services designed to extend plant life cycles.

Industrial Painting and Coatings. We perform cleaning, surface preparation, coatings application, quality control and inspection testing on major coating projects for nuclear and fossil fuel power plants, industrial facilities and petrochemical plants.

Insulation. We provide a variety of industrial insulation services, primarily in power generation installations.

Asbestos and Lead Abatement. We provide abatement services for the removal of asbestos and heavy metal

based coatings such as lead paint. We do not take ownership of hazardous materials and do not assume responsibility for the liability associated with the materials other than for our actions meeting applicable statutory and regulatory requirements.

Roofing Systems. We replace, repair and upgrade industrial facility roofing systems, primarily at pulp and paper manufacturing facilities and nuclear power plant locations.

Specialty Welding Services. Prior to the sale of the Hetsco business, we provided the following specialty services to manufacturers and users of aluminum heat exchangers:

Brazed Aluminum Heat Exchanger Repair, Maintenance and Safety Services. We routinely performed on-site repairs and associated mechanical and safety support services to users of aluminum heat exchangers used in air separation and gas or liquid processing applications.

Fabrication. We have the demonstrated capability to fabricate and assemble complete process systems into integrated solutions for the air and gas processing industries.

   

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