Williams Industrial Services Group Inc. announced that no change to 2022 financial guidance. Williams Industrial Services Group Inc. provided additional information related to its 2022 financial guidance issued on January 28, 2022. At that time, the Company disclosed that one of its customers had transferred certain work to a competitor.

This has continued to occur, such that several multi-year contracts for nuclear decommissioning, currently worth approximately $360 million in backlog for 2022 through 2029, are expected to be lost, including $30 million for 2022 and $50 million for 2023. However, the Company's previously issued guidance incorporated the $30 million impact for 2022 and thus remains unchanged. The Company is pursuing legal action, where appropriate, against ex-Williams employees and the competitor involved in this situation.