Welcome to our dedicated page for Team news (Ticker: TISI), a resource for investors and traders seeking the latest updates and insights on Team stock.
Company Overview
Team Inc (TISI) is a distinguished provider of specialty industrial services offering comprehensive solutions for the construction, maintenance, and monitoring of high temperature and high pressure piping systems and vessels. Operating across a broad range of heavy industrial sectors, including refining, petrochemical, power, and pipelines, the company is dedicated to ensuring operational safety, reliability, and efficiency. With a global footprint that spans multiple continents and a history rooted in progressive and reliable service delivery, Team Inc exemplifies technical expertise and a commitment to quality that is essential in today’s complex industrial environments. Keywords such as industrial services, non-destructive testing, and mechanical repair underscore the company’s role as an enabler of operational integrity for critical infrastructure.
Core Business Segments
The company operates its business through two main segments:
- Inspection and Heat Treating Group: This segment provides comprehensive non-destructive testing services and specialized heat-treating processes. It is crucial for assessing the integrity of high-risk assets and ensuring they meet rigorous safety standards. These services are integral to the process, pipeline, and power sectors where asset reliability is paramount.
- Mechanical Services Group: This segment focuses on mechanical repair, remediation, and turnaround services. It is designed to address both planned and emergency maintenance scenarios, ensuring minimal operational downtime and enhancing safety during both on-stream operations and scheduled shutdowns.
Service Offerings and Operational Capabilities
Team Inc delivers a full suite of specialized services including:
- Non-Destructive Testing (NDT): Utilizing advanced inspection techniques to evaluate the condition of piping and vessel infrastructure without compromising the asset.
- Engineering Assessments: Conducting detailed evaluations to identify potential risk factors and recommending appropriate remedial actions to maintain operational integrity.
- Mechanical Repair and Remediation: Offering expert repair solutions under both on-stream conditions and during planned shutdowns, ensuring that critical assets continue to perform optimally.
- Heat Treating Services: Implementing proprietary and conventional heat-treating processes to enhance material performance and extend the life of industrial components.
These diversified operations allow Team Inc to address a vast array of challenges in heavy industrial operations. Each service is executed with a rigorous focus on precision, safety, and adherence to industry standards, reinforcing the company’s commitment to delivering value through expert technical capability.
Market Position and Industry Context
Team Inc occupies a significant niche within the industrial services landscape, providing critical support to companies operating in safety-sensitive sectors. The firm differentiates itself by combining conventional techniques with innovative, proprietary solutions to meet the demanding requirements of its client base. By serving industries where the integrity of high-pressure and high-temperature systems is paramount, Team Inc is positioned as an indispensable partner that aids in mitigating risk and enhancing asset performance. The company's strategic presence across multiple countries further amplifies its ability to support industrial clients worldwide, enabling localized service delivery backed by global expertise.
Competitive Landscape and Differentiation
In a competitive industrial services market, Team Inc stands out through its technical proficiency and diversified service offerings. Unlike firms that specialize in a single aspect of industrial maintenance, Team Inc integrates inspection, heat-treating, and mechanical repair into a seamless service offering. This integration not only improves efficiency but also provides a single point of contact for clients seeking comprehensive operational solutions. The focus on non-destructive testing paired with specialized maintenance services positions the company uniquely against competitors, ensuring that clients receive thorough, reliable, and timely support for their critical infrastructure needs.
Operational Excellence and Global Footprint
Operational excellence is a cornerstone of Team Inc’s business model. The company leverages decades of industry experience to deliver technical solutions that enhance both the safety and performance of industrial assets. With numerous service locations around the globe, Team Inc is capable of executing complex projects in diverse geographical settings. The breadth of its network allows the company to collaborate effectively with local and international clients, ensuring that best practices in safety and efficiency are uniformly applied across various markets. The diverse geographical presence not only underscores its global reach but also demonstrates the company’s ability to adapt and respond to different regulatory and operational environments.
Expertise, Experience, and Industry Authority
Team Inc builds trust through decades of proven expertise in industrial services. Its teams are trained in the latest inspection methodologies and mechanical repair techniques, ensuring that every project is completed to the highest quality standards. This commitment to excellence is further reflected in the precision of its engineering assessments and the reliability of its turnaround services, which are vital to industries where operational continuity is a critical priority. By uniting advanced technology with decades of industry experience, the company continues to earn accolades and recognition for its expertise, without relying on overt self-promotion but rather through demonstrable technical know-how and a steadfast adherence to safety norms.
Implications for Stakeholders
For companies operating in refining, petrochemical, power, and pipeline sectors, the services offered by Team Inc are integral to maintaining operational continuity and ensuring the safety of critical processes. The company’s rigorous approach to inspection, evaluation, and mechanical remediation supports client operations by reducing unexpected downtime and promoting a predictable, controlled maintenance environment. Stakeholders can be confident in the reliable operational support provided by Team Inc, which is underpinned by robust technical expertise and an extensive global service network.
Conclusion
In summary, Team Inc represents a comprehensive, technically adept industrial services provider that plays a vital role in the integrity and safety of high-pressure and high-temperature systems. Its dual-segment operational model addresses both preventive maintenance and emergency repairs, ensuring an all-encompassing approach to asset management. Through its unwavering commitment to technical excellence, operational reliability, and a strategically diversified service offering, Team Inc consistently supports industries that demand the highest standards of performance and safety. This detailed understanding of the company's operations and market positioning provides a clear view of its role in enhancing the efficiency and safety of industrial operations globally.
Team Inc (NYSE: TISI) reported its Q4 and full-year 2024 financial results, showing significant improvements in profitability despite flat revenues. The company generated Q4 revenues of $213.3 million and full-year revenues of $852.3 million.
Key highlights include improved gross margins reaching 26.9% in Q4, a net loss reduction to $7.2 million (from $23.1 million in Q4 2023), and Adjusted EBITDA growth of 50.5% to $14.6 million. For the full year, the company reduced its net loss to $38.3 million from $75.7 million in 2023.
The company successfully completed a refinancing transaction in March 2025, extending term maturities to 2030 and reducing interest rates by over 100 basis points. Management expects mid-single-digit revenue growth in 2025, targeting at least 15% year-over-year growth in Adjusted EBITDA and additional cost savings of $10 million annually.
Team Inc. (NYSE: TISI), a global provider of specialty industrial services, has scheduled its fourth quarter and full year 2024 earnings release for March 19, 2025, after the New York Stock Exchange trading hours. The company will host a conference call to discuss financial and operational results on March 20, 2025 at 10:00 a.m. Central Time.
Interested participants from the United States can join toll-free at (877) 270-2148, while international participants can dial (412) 902-6510. The call will also be available via webcast on TEAM's website, with an audio replay accessible post-call.
Team Inc (NYSE: TISI) has successfully completed a refinancing transaction that reduces its cost of capital and extends debt maturities. The transaction includes a First Lien Term Loan Facility from HPS Investment Partners, consisting of a $175 million Term Loan and a $50 million Delayed Draw Term Loan, maturing in March 2030.
The facility bears interest at SOFR plus 6.0-7.0%, providing over 100 basis points improvement in blended interest rate. The funds were used to repay multiple existing loans, including a $35 million delayed draw term loan, $22.3 million in equipment and real estate loans, a $46.3 million senior secured incremental term loan, and $54.1 million of existing senior secured term loan.
Additionally, the company rolled over remaining debt into a new $97.4 million Second Lien Term Loan provided by Corre, maturing in June 2030. The existing ABL credit facility from Eclipse Business Capital continues with amendments to accommodate the transaction.
Team Inc (NYSE: TISI) reported Q3 2024 results with revenue of $210.8 million, up 2% year-over-year. The company improved operating income to $3.2 million, a $4.4 million increase from Q3 2023. Despite maintaining a gross margin of 25.4%, TISI reported a net loss of $11.1 million, though this represents an 8.3% improvement from the previous year. The company delivered Adjusted EBITDA of $11.3 million (5.4% of revenue) for Q3 2024. The company updated its 2024 guidance, lowering revenue expectations to $845-860 million and Adjusted EBITDA to $53-55 million.
Team Inc. (NYSE: TISI), a global provider of specialty industrial services, announced it will release its third quarter 2024 earnings on Monday, November 11, 2024, after NYSE trading hours. The company will host a conference call to discuss financial and operational results on Tuesday, November 12, 2024, at 9:00 a.m. Central Time. U.S. participants can join toll-free at (877) 270-2148, while international callers can dial (412) 902-6510. The call will be webcast on TEAM's website with an audio replay available afterward.
Team, Inc. (NYSE: TISI) has announced an amendment to its existing ABL credit facility, which includes a $130 million revolving credit facility and a $27.4 million term loan provided by Eclipse Business Capital , as well as a $35 million delayed draw term loan from J.F. Lehman & Company and Corre Partners Management, The amendment extends the maturity date of these loans from August 11, 2025, to September 30, 2027, and lowers the interest rate spread adjustment.
The amendment also expands availability based on the Company's improving financial performance by increasing the borrowing base advance rate and implementing a $7.5 million minimum availability covenant under the Revolver, tested only if the fixed charge coverage ratio is not satisfied. CEO Keith D. Tucker stated that this transaction strengthens TEAM's balance sheet and available borrowing capacity, attributing it to employee efforts and progress in improving operating and financial performance over the past two years.
Team, Inc. (NYSE: TISI) reported its Q2 2024 financial results, showing improved profitability despite lower revenues. Key highlights include:
- Revenue of $228.6 million, down 4.5% year-over-year
- Gross margin improved by 240 basis points to 27.8%
- Net loss reduced to $2.8 million, a $13 million improvement
- Adjusted EBITDA increased 25% to $21.8 million (9.5% of revenue)
- SG&A expenses reduced by $3.9 million or 7%
The company reiterated its 2024 full-year guidance, projecting revenue of $850-900 million and Adjusted EBITDA of $58-68 million. Team, Inc. continues to focus on cost discipline, operational execution, and targeted commercial initiatives to drive growth in core markets and expand into aerospace and midstream sectors.
Team, Inc. (NYSE: TISI), a global provider of specialty industrial services, has announced the timing for its second quarter 2024 earnings release and conference call. The company will issue its earnings release on Thursday, August 8, 2024, after the New York Stock Exchange closes. A conference call to discuss financial and operational results is scheduled for Friday, August 9, 2024, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).
Interested parties can participate in the call toll-free by dialing (877) 270-2148 in the United States or (412) 902-6510 internationally. The call will also be webcast on TEAM's website, with an audio replay available afterward.
Team, a leading provider of specialty industrial services, has released an updated investor presentation on its website. The presentation, discussed by CEO Keith Tucker and CFO Nelson Haight, outlines the company's strategic vision, operational capabilities, and recent results. Tucker emphasized the belief in the company's potential and talented workforce. Investors are encouraged to view the presentation and listen to the accompanying discussion that highlights key points.
Team (NYSE: TISI) reported its Q1 2024 financial results. Revenue was $199.6M, down from $202.3M the previous year. Despite this, the gross margin improved to 24.4%. The net loss was reduced to $17.2M, a $7.5M improvement from Q1 2023. Adjusted EBITDA grew by 54.7% to $6.5M.
Notable achievements include a $19.6M increase in cash flow from operations and a reduction in adjusted SG&A expenses by $0.8M. The company also completed a commercial review and set a revenue growth plan, projecting full-year Adjusted EBITDA of $58M-$68M. Challenges included revenue declines in Inspection and Heat Treating services and Mechanical Services.
FAQ
What is the current stock price of Team (TISI)?
What is the market cap of Team (TISI)?
What core services does Team Inc offer?
Which industries are served by Team Inc?
How does Team Inc differentiate itself from competitors?
What are the two main business segments of Team Inc?
How is Team Inc positioned in the global industrial services market?
What benefits do clients gain by working with Team Inc?
How does Team Inc ensure the quality of its services?
What role does innovation play in Team Inc's operations?
