Blog: WILLIAMS INDUSTRIAL SERVICES GROUP INC. : Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) – Marketscreener.com

Item 2.02 Results of Operations and Financial Condition.

On November 14, 2022, Williams Industrial Services Group Inc. (the “Company”)
issued a press release (the “Earnings Release”) reporting its financial results
for the three and nine months ended September 30, 2022. As noted in the Earnings
Release, management will host a conference call on Tuesday, November 15, 2022 at
10:00 a.m. Eastern time to discuss such financial results. Instructions on how
to participate in the conference call are contained in the Earnings Release, a
copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by
reference.

The Earnings Release contains a discussion of adjusted EBITDA (earnings before
interest expense, net, income tax (benefit) expense, depreciation and
amortization, and unusual gains or charges), which is a non-GAAP financial
measure within the meaning of Regulation G promulgated under the rules and
regulations of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”). The Company believes that providing non-GAAP information, such as
adjusted EBITDA, is important as such information is used as analytical
indicators by the Company’s management to better understand operating
performance. The Earnings Release contains a reconciliation of comparable GAAP
to non-GAAP measures.

The information in this Item 2.02, including Exhibit 99.1, shall not be deemed
“filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to
the liabilities of that section, and shall not be incorporated by reference into
any registration statement or other document filed under the Securities Act of
1933, as amended (the “Securities Act”), or the Exchange Act, regardless of the
general incorporation language contained in such filing. Without limiting the
generality of the foregoing, the text of the Earnings Release set forth under
the heading entitled “Forward-looking Statement Disclaimer” is incorporated by
reference into this Item 2.02.

Item 7.01 Regulation FD Disclosure.

In connection with the conference call announced in the Earnings Release, on
November 14, 2022, the Company made available the Company Information
Presentation relating to its financial results for the three and nine months
ended September 30, 2022. The Company Information Presentation may be accessed
within the investor relations section of the Company’s website,
http://www.wisgrp.com. A copy of the Company Information Presentation is
attached hereto as Exhibit 99.2 and is incorporated herein by reference.

The information in this Item 7.01, including Exhibit 99.2, shall not be deemed
to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise
subject to the liabilities of that section, and shall not be incorporated by
reference into any registration statement or other document filed under the
Securities Act or the Exchange Act, regardless of the general incorporation
language contained in such filing. Without limiting the generality of the
foregoing, the text of the slide in the Company Information Presentation
entitled “Forward-looking Statement Disclaimer” is incorporated by reference
into this Item 7.01.

Item 9.01Financial Statements and Exhibits.

Exhibit No.     Description

99.1              Press Release, dated November 14, 2022, relating to results of
                operations and financial condition.

99.2              Company Information Presentation

104             Cover Page Interactive Data File (formatted as inline XBRL and
                contained in Exhibit 101)

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