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.
News and filings about Team, Inc. (NYSE: TISI) focus on its role as a provider of specialty industrial services, including mechanical, heat-treating, and inspection offerings. Headquartered in Sugar Land, Texas, the company issues regular updates on its financial performance, capital structure, governance, and transformation initiatives, giving investors and analysts insight into its operations and strategic direction.
Team, Inc.’s quarterly earnings releases highlight revenue, gross margin, operating income, and non-GAAP measures such as Adjusted EBITDA for its two segments: Inspection and Heat Treating and Mechanical Services. These updates often discuss factors influencing results, including turnaround and callout activity, project mix, regional performance in the United States, Canada, and other international areas, and the impact of cost optimization programs.
In addition to earnings, the company publishes news on financing and capital structure actions, such as its March 2025 refinancing transaction and the September 2025 private placement of Series B Preferred Stock and warrants with an affiliate of Stellex Capital Management LLC. Governance-related announcements cover board appointments, changes in board leadership, and outcomes of shareholder meetings.
Visitors to this page can review a stream of such news items, including timing announcements for earnings releases and conference calls, updates on transformation leadership roles, and details on strategic initiatives aimed at cost savings and margin improvement. For those tracking TISI, this news feed offers a centralized view of the company’s reported developments across operations, finance, and corporate governance over time.
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.
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