Earnings release
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August 18 , 2021 TT WILLIAMS Williams Reports Second Quarter 2021 Financial Results Backlog $ 664.4 Million ; Revenue Growth 26.2 % ; EPS $ 0.11 ATLANTA -- ( BUSINESS WIRE ) -- Williams Industrial Services Group Inc. ( NYSE American : WLMS ) ( " Williams " or the " Company " ) , an energy and industrial infrastructure services company , today reported its financial results for the fiscal second quarter ended June 30 , 2021 . Recent Highlights • Williams posted revenue of $ 91.6 million in the second quarter of 2021 , an increase of 26.2 % year - over - year , compared with $ 72.5 million in the prior - year period The Company reported net income of $ 2.9 million , an increase of 14.6 % year - over year , or $ 0.11 per share , in the second quarter versus net income of $ 2.5 million , or $ 0.10 per share , in the second quarter of 2020 • Adjusted EBITDA¹ was $ 4.9 million for the second quarter of 2021 compared with $ 5.0 million in the prior - year period • As of June 30 , 2021 , the Company's backlog was $ 664.4 million , an increase of 44.2 % , compared to $ 460.6 million as of March 31 , 2021 , with approximately $ 199.5 million expected to be converted to revenue over the following twelve months and $ 123.4 million expected to be converted by the end of the fiscal year • The Company announced on June 1 , 2021 that it had been granted an expansion of its nuclear decommissioning scope with Holtec and CDI with the addition of three units at the Indian Point Energy Center ( “ IPEC " ) , a multi - year project increase " I'm pleased to report that Williams ' second quarter results met our expectations , " said Tracy Pagliara , President and CEO of Williams . " Revenue rose 26 % year - over - year , while our backlog climbed over $ 200 million from the end of the first quarter . We are successfully expanding existing customer relationships and are actively engaged in new business development initiatives that leverage our role as a leading , respected provider of infrastructure services across the energy and industrial end markets . This is enabling us to further strengthen our core nuclear business while continuing to diversify into adjacent areas , positioning Williams for the bright future envisioned by our strategic plan . Given the Company's performance , we are once again reaffirming our prior financial guidance for 2021 and believe we are on track for even greater results in 2022 and beyond . " Second Quarter 2021 Financial Results Compared to Second Quarter 2020