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, Inc. (NYSE: TISI) has released its first Environmental, Social and Governance (ESG) Report, covering the year 2019. The report showcases the company’s commitment to environmental stewardship, safety, and community engagement. Key achievements include a reduction of over 1.1 million metric tons in greenhouse gas emissions since 2015 and record safety performance. The company plans to issue full ESG reports every two years and provide annual updates on key metrics. This initiative aligns with their strategy for sustainable growth and stakeholder value.
Team, Inc. (NYSE: TISI), based in Sugar Land, Texas, will present at the Baird 50th Annual Global Industrial Conference on Nov. 10, 2020, at 10:50 a.m. ET. The presentation will be conducted by Amerino Gatti, CEO, and Susan Ball, CFO, who will provide an overview of the company and host one-on-one virtual meetings. Team, Inc. specializes in integrated asset performance assurance and optimization solutions, promoting safety and efficiency for clients globally through various inspection and maintenance services.
Team, Inc. (NYSE: TISI) will release its third quarter 2020 results after market close on November 4, 2020. Following this, a conference call is scheduled for November 5 at 10:00 a.m. ET. Investors can join the call via phone or webcast, and a replay will be available shortly after. Team, Inc. specializes in asset performance assurance solutions across over 20 countries, focusing on enhancing safety and operational efficiency for critical assets. For details, visit www.teaminc.com.
On September 17, 2020, Team, Inc. (NYSE: TISI) announced participation in two upcoming virtual investor conferences. Amerino Gatti, Chairman & CEO, along with Susan Ball, CFO, will engage in the D.A. Davison 19th Annual Diversified Industrials & Services Virtual Conference on September 22, followed by the Sidoti Fall 2020 Virtual Investor Conference on September 24 at 9:15 a.m. Eastern Time. Team, Inc., headquartered in Sugar Land, Texas, specializes in asset performance assurance and optimization solutions across over 20 countries.
Team, Inc. (TISI) reported its Q2 2020 financial results, reflecting a challenging environment due to COVID-19. The company achieved a gross margin of 30.3%, the highest since 2015, and reduced SG&A expenses to $58.9 million, a 27.8% year-over-year decrease. Operating cash flow was $26.3 million, generating $22.1 million in free cash flow. The company reduced debt by over $26 million, achieving its lowest debt level in four years. However, consolidated revenues fell 40.1% year-over-year, totaling $189.3 million, primarily due to a significant decline in activity levels.
Team, Inc. (NYSE: TISI) will announce its second quarter 2020 results after market close on August 4, 2020. A conference call is scheduled for August 5, 2020, at 10:00 a.m. ET. Investors can join by phone or via webcast on Team's official website. Team, Inc., headquartered in Sugar Land, Texas, specializes in digitally-enabled asset performance services, enhancing safety and operational efficiency across various industries.
Team, Inc. (NYSE: TISI), a leader in asset performance assurance, announced its participation in the CJS Securities 20th Annual New Ideas Summer Conference on July 14, 2020. Senior management, including Amerino Gatti and Susan Ball, will present at approximately 10:00 a.m. ET and host virtual meetings. Team, Inc., headquartered in Sugar Land, Texas, delivers innovative asset performance solutions across 20 countries, enhancing safety and operational efficiency for critical assets.
Team, Inc. (NYSE: TISI), a leading provider of asset performance assurance solutions, will present at the Sidoti & Company Inaugural Microcap Virtual Investor Conference on June 30, 2020. The company's CEO Amerino Gatti and CFO Susan Ball will speak at approximately 11:30 a.m. Eastern Time, providing an overview of the company. Additionally, they will participate in one-on-one meetings for registered clients. A presentation copy will be available on the company’s website.
Team, Inc. (TISI) reported Q1 2020 results, revealing a revenue drop of 12.2% to $236.8 million, impacted by COVID-19 and commodity price volatility. The company incurred a non-cash goodwill impairment charge of $191.8 million, leading to a consolidated net loss of $199.7 million ($6.54 per diluted share). However, operational savings of over $5 million were realized, and the OneTEAM program is expected to generate $20-25 million in Q2 savings. SG&A expenses decreased by $3.8 million, and the credit facility has been amended for flexibility and liquidity through January 2022.
Team, Inc. (NYSE: TISI) will release its first quarter 2020 results on June 17, 2020, after market close, followed by a conference call on June 18 at 10:00 a.m. ET. Investors can listen via phone or webcast. The company, headquartered in Sugar Land, Texas, offers integrated asset performance assurance and optimization solutions globally. With a presence in over 20 countries, Team, Inc. focuses on improving safety, reliability, and efficiency for critical assets.