WLMS - Williams Industrial Services Group GAAP EPS of $0.13 revenue of $56.69M

• Williams Industrial Services Group press release ( NYSE: WLMS ): Q3 GAAP EPS of $0.13.
• Revenue of $56.69M (-22.7% Y/Y).
• Adjusted EBITDA was $6.2 million for the third quarter of 2022 compared with $3.8 million in the prior-year period
• As of September 30, 2022, the Company’s backlog was $352.7 million compared to $234.3 million as of June 30, 2022; approximately $168.2 million of the current backlog is expected to be converted to revenue over the next twelve months
• Updated FY 2022 Guidance: Revenue of $245 to $255 million (previously, $275 to $295 million)
• Gross Margin of 5.50% to 5.75% (previously, 9.0% to 9.5%)
• Adjusted EBITDA of $2.5 to $3.5 million (previously, $5.0 to $7.5 million)

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