NEWS & EVENTS

06.01.2020

Williams Confirms Annual Meeting Arrangements

Williams today confirmed that its Annual Meeting of Shareholders will take place, as previously scheduled, at 9:00 am ET on Tuesday, June 9, 2020 at the Company’s headquarters location.

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05.13.2020

Williams Reports First Quarter 2020 Financial Results

Williams reported its financial results for the fiscal first quarter ended March 31, 2020.

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05.04.2020

Williams Industrial Services Group Schedules First Quarter 2020 Financial Results Conference Call

Williams will release financial results for first quarter ended March 31, 2020 after the close of financial markets on May 13, 2020.

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03.25.2020

Williams Reports Fourth Quarter 2019 Financial Results

Williams today reported its financial results for the fiscal fourth quarter and twelve months ended December 31, 2019.

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03.09.2020

Williams Industrial Services Group Schedules Fourth Quarter 2019 Financial Results Conference Call

Williams will release financial results for the fourth quarter ended December 31, 2019 after the close of financial markets on Wednesday, March 25, 2020.

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03.06.2020

Williams Industrial Services Group Announces Results of Oversubscribed Rights Offering

Williams announced today the results of its previously-announced, fully backstopped $7.0 million rights offering (the “Rights Offering”) following the expiration of the subscription period on March 2, 2020 at 5:00 p.m. Eastern Time.

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02.07.2020

Williams Industrial Services Group Announces Key Dates for $7 Million Rights Offering

Williams announced today the record date and expected subscription period for its the previously-announced fully-backstopped Rights Offering to raise proceeds of $7 million. The proceeds from the rights offering will be used for working capital to fund the Company’s strategic growth initiatives and for general corporate purposes.

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02.05.2020

Williams Industrial Services Group Reaffirms Guidance for 2019; Sets Growth Expectations for 2020

Williams reaffirmed its guidance for 2019. The Company expects 2019 revenue to be approximately $230 million to $240 million compared with revenue of $188.9 million in 2018. Gross margin is expected to be approximately 11% to 13% and selling, general and administrative expenses are anticipated to be in the range of 8% to 9% of revenue. Adjusted EBITDA* for 2019 is expected to be approximately $10 million to $12 million.

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02.03.2020

Williams Industrial Services Group Awarded Contract to Provide Services for Nuclear Decommissioning Program

Williams announced today that it has been awarded a Master Services Agreement to support Comprehensive Decommissioning International, LLC (“CDI”) in the decommissioning of shut down nuclear plants that have been acquired by subsidiaries of Holtec International.

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01.16.2020

Williams Industrial Services Group Awarded Project Controls Contract in Canada

Williams today announced that its subsidiary, WISG Canada, Ltd. (“Williams Canada”), was awarded a one-year, C$40 million contract to manage project controls for Bruce Power in Ontario, Canada. The project is included in 2019 total backlog.

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01.15.2020

Williams Industrial Services Group Increases Revolving Credit Facility to $25 million to Fund Strategic Growth Initiatives

Williams announced it has successfully amended the terms of its revolving credit facility with Midcap Financial (the “Revolver”), increasing borrowing capacity by $10 million to $25 million and extending the maturity of the facility by one year to October 11, 2022.

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12.30.2019

Williams Industrial Services Group Plans to Complete Refinancing in January 2020

Williams announced today that it is planning to complete the refinancing of its current debt agreements in January 2020.

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11.14.2019

Third Quarter 2019 Financial Results Conference Call

A replay will be available from 1:00 p.m. Eastern Time through Friday, November 29, 2019. To listen to the audio replay, dial 412-317-6671 and enter conference ID number 13696050.

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11.14.2019

Williams Industrial Services Group Announces Plan for $7 million Rights Offering to Stockholders with Backstop Commitment

Williams announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) for a rights offering (the “Rights Offering”) to existing holders of its common stock.

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11.14.2019

Williams Industrial Services Group Reports Third Quarter 2019 Financial Results

Williams today reported its financial results for its third quarter and nine months ended September 30, 2019.

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09.30.2019

Williams Industrial Services Group Appoints Randall R. Lay as Chief Financial Officer

Williams announced the appointment of Randall R. Lay as Senior Vice President and Chief Financial Officer effective today.

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08.14.2019

Williams Industrial Services Group Announces Executive Management Promotions

Williams announced today executive management promotions to further advance the Company’s strategic growth plan.

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08.14.2019

Williams Industrial Services Group Achieves Earnings per Share of $0.07 from Continuing Operations in Second Quarter 2019

Williams today reported its financial results for its second quarter and six months ended June 30, 2019.

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