Team, Inc., together with its subsidiaries, provides asset performance assurance and optimization solutions in the United States, Canada, Europe, and internationally. It operates through three segments: Inspection and Heat Treating (IHT), Mechanical Services (MS), and Quest Integrity. The IHT segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, alternating current field measurement, and eddy current testing services. This segment also provides long-range guided ultrasonic testing, phased array ultrasonic testing, terminals and storage inspection and management program, rope access, mechanical and pipeline integrity, and field heat treating services. The MS segment offers engineered composite repair, emissions control/compliance, hot tapping, valve insertion, field machining, bolted joint integrity, vapor barrier plug and weld testing, and valve management services, as well as leak repair services for pipes, valves, and flanges, as well as other parts of piping systems, pipelines, and related assets. The Quest Integrity segment provides furnace tube inspection system-enabled, in-line inspection, pipeline integrity management, engineering and condition assessment, and robotics and inspection services. The company serves refining, power, renewables, nuclear, liquefied natural gas, chemical, petrochemical, pulp and paper, automotive, mining, valves, terminals and storage, pipeline, offshore oil and gas, and aerospace and defense industries, as well as amusement parks, bridges, ports, construction and buildings, roads, dams, and railways. Team, Inc. was founded in 1973 and is headquartered in Sugar Land, Texas.
IPO Year:
Exchange: NYSE
Website: teaminc.com
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Amendment Provides Additional Liquidity and Improved Pricing SUGAR LAND, Texas, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("TEAM" or the "Company"), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, announced today that it has executed an amendment to its existing ABL credit facility, which consists of a $130 million revolving credit facility (the "Revolver") and a $27.4 million term loan secured by certain real estate and machinery and equipment of the Company (together with the Revolver, the "Eclipse Loans") provided by Eclip
Amerino Gatti appointed as executive vice president of Oilfield Services & Equipment (OFSE) business segmentMaria Claudia Borras appointed as chief growth & experience officerMuzzamil Khider Ahmed appointed as chief people & culture officer HOUSTON and LONDON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Baker Hughes Company (NASDAQ:BKR) ("Baker Hughes" or the "Company") announced Tuesday several changes to its leadership team, effective by Oct. 1. These changes are designed to continue delivering Baker Hughes' successful strategy and executing for long-term growth, meeting customer needs in the rapidly evolving energy and industrial segments. Amerino Gatti is appointed executive vice president (E
SUGAR LAND, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("TEAM" or the "Company"), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights: Generated second quarter 2024 revenues of $228.6 million.Improved gross margin by 240 basis points to 27.8%.Reported second quarter 2024 net loss of $2.8 million, a $13.0 million improvement over the 2023 second quarter.Increased consolidated Adjusted EBITDA1 to $21.8 million (9.5%
SUGAR LAND, Texas, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("TEAM" or the "Company"), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today announced that it will issue its second quarter 2024 earnings release on Thursday, August 8, 2024 after the close of trading on the New York Stock Exchange. TEAM will host a conference call to discuss its financial and operational results on Friday morning, August 9, 2024 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Interested parties in the United States may participate toll-fr
SUGAR LAND, Texas, May 21, 2024 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("TEAM" or the "Company"), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today announced that it has posted an updated investor presentation on the Company's website www.teaminc.com, coupled with a recording where TEAM's Chief Executive Officer Keith Tucker and Chief Financial Officer Nelson Haight discuss the key highlights of the presentation. Keith D. Tucker, Team's Chief Executive Officer commented, "We have posted an updated investor presentation on our website
SUGAR LAND, Texas, May 14, 2024 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("TEAM" or the "Company"), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights: Announced first quarter 2024 revenues of $199.6 million.Improved gross margin by 120 basis points to 24.4% as compared to 23.2% in the 2023 first quarter.Reported first quarter 2024 net loss of $17.2 million, a $7.5 million improvement over the 2023 first quarter net loss of $24.7 mi
SUGAR LAND, Texas, April 08, 2024 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("TEAM" or the "Company"), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today announced the appointment of Pamela J. McGinnis to its Board of Directors (the "Board"). The Board's appointment of Ms. McGinnis as a Class II director is effective as of April 3, 2024, and her initial term will expire at the Company's 2024 annual meeting of shareholders, when she will stand for re-election to serve until the Company's 2027 annual meeting of shareholders. In connection w
SUGAR LAND, Texas, March 15, 2024 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("TEAM" or the "Company") today announced that on March 14, 2024, it received notice (the "Notice") from the New York Stock Exchange ("NYSE") that it is not in compliance with the NYSE continued listing standards set forth in Section 802.01B of the NYSE's Listed Company Manual due to the fact that the Company's average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its shareholders' equity was less than $50 million. In accordance with NYSE procedures, the Company intends to notify the NYSE that it plans to submit a plan within 45 days of rece
SUGAR LAND, Texas, March 07, 2024 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("TEAM" or the "Company"), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights1: Announced fourth quarter 2023 revenues of $214.1 million, up 1.3% over the 2022 fourth quarter revenue of $211.3 million.Reported fourth quarter 2023 net loss of $23.1 million, a $33.8 million improvement from the 2022 fourth quarter net loss of $56.9 million.Im
SUGAR LAND, Texas, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("TEAM" or the "Company"), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported its financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights1: Reported total revenues of $206.7 million.Grew gross margin to 25.5% of revenue or $52.8 million.Decreased net loss from continuing operations to $12.1 million, a 54.4% improvement over the 2022 third quarter net loss from continuing operations of $26.6 million.Grew con
KeyBanc downgraded Team from Overweight to Sector Weight
SUGAR LAND, Texas, April 08, 2024 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("TEAM" or the "Company"), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today announced the appointment of Pamela J. McGinnis to its Board of Directors (the "Board"). The Board's appointment of Ms. McGinnis as a Class II director is effective as of April 3, 2024, and her initial term will expire at the Company's 2024 annual meeting of shareholders, when she will stand for re-election to serve until the Company's 2027 annual meeting of shareholders. In connection w
SUGAR LAND, Texas, March 17, 2022 /PRNewswire/ -- Team, Inc.'s (NYSE:TISI) ("TEAM" or the "Company"), Board of Directors ("Board") today announced a leadership transition, effective March 21, 2022, including the departure of Amerino Gatti from his positions as Chairman and Chief Executive Officer. In connection with the leadership transition, the Board of Directors has appointed Keith Tucker, currently the President of TEAM's Inspection and Heat Treating group, to the role of Interim Chief Executive Officer effective the same date. Simultaneous with Keith Tucker's appointment, the Board also appointed Michael Caliel as non-executive Chairman of the Board. Mr. Caliel joined the Board in Feb
SUGAR LAND, Texas, Aug. 9, 2021 /PRNewswire/ -- Team, Inc. ("TEAM") (NYSE:TISI), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, announced today that Candice Koederitz has been appointed to its Board of Directors ("Board"), effective Aug. 9, 2021. "We are excited to add Candice who brings extensive capital markets knowledge and global experience to the TEAM Board of Directors," said Amerino Gatti, TEAM's Chairman and Chief Executive Officer. "Candice's executive leadership at Morgan Stanley as well as her international business expertise will add significant value and her appointment reflects our commitment to ensuring we h
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SUGAR LAND, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("TEAM" or the "Company"), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights: Generated second quarter 2024 revenues of $228.6 million.Improved gross margin by 240 basis points to 27.8%.Reported second quarter 2024 net loss of $2.8 million, a $13.0 million improvement over the 2023 second quarter.Increased consolidated Adjusted EBITDA1 to $21.8 million (9.5%
SUGAR LAND, Texas, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("TEAM" or the "Company"), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today announced that it will issue its second quarter 2024 earnings release on Thursday, August 8, 2024 after the close of trading on the New York Stock Exchange. TEAM will host a conference call to discuss its financial and operational results on Friday morning, August 9, 2024 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Interested parties in the United States may participate toll-fr
Consolidated Revenue Increased 10% over 3Q 2021 Completes Strategic Sale of Quest Integrity Business to Baker Hughes SUGAR LAND, Texas, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("TEAM" or the "Company"), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today reported its financial results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial and Operational Results1: Announced the closing of the sale of its Quest Integrity business to Baker Hughes on November 1, 2022 for cash of approximately $279.0 million, reflecting certain estimated post-closing adjustments, allowing for a signif
Consolidated revenue increased 5% over 2Q 2021 Announced strategic sale of Quest Integrity Business to Baker Hughes SUGAR LAND, Texas, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("TEAM" or the "Company"), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today reported its financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Financial and Operational Results: Second quarter 2022 revenues were $251.3 million, an increase of 5.2% over the prior year quarterGross margin was $70.0 million (27.8% of revenues), up $7.2 million from $62.8 million (26.3% of revenues) in Q2 2021G
Fourth Quarter 2021 Revenue Increased 8% Over Fourth Quarter 2020IHT Achieved 17% Revenue Growth over 4Q 2020MS Delivered a 5% Revenue Increase in 4Q 2021 over 4Q 2020 SUGAR LAND, Texas, March 16, 2022 /PRNewswire/ -- Team, Inc. (NYSE:TISI) ("TEAM" or the "Company"), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today reported its financial results for the fourth quarter and full year ended December 31, 2021. Fourth quarter 2021 revenues were $224 million, an increase of 8% over the prior year quarter and a 3% sequential improvement Full year 2021 revenues increased 3% to $875 million, primarily attributable to Nested, Pr
SUGAR LAND, Texas, Feb. 2, 2022 /PRNewswire/ -- Preserving long-term stockholder value by adopting a rights plan intended to protect tax assets by reducing the likelihood of an ownership change (1) Rights plan in effect immediately; will be submitted for stockholder ratification at 2022 annual meeting If ratified by stockholders, rights plan intended to remain in effect until February 2, 2025Team, Inc. ("TEAM" or the "Company") (NYSE:TISI) announced today that its Board of Directors adopted a stockholder rights plan designed to protect the availability of Team's net operating loss carryforwards ("NOLs") and other tax attributes under the Internal Revenue Code ("Section 382 Rights Plan"). As
SUGAR LAND, Texas, Nov. 12, 2021 /PRNewswire/ -- Team, Inc. (NYSE:TISI), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today reported its financial results for the third quarter ended Sept. 30, 2021. "Our top line results failed to meet expectations due to a combination of factors that impacted our third quarter performance, including weather-related disruptions, challenging market dynamics, and an uneven market recovery," said Amerino Gatti, TEAM's Chairman and Chief Executive Officer. "While the Inspection and Heat Treating (IHT) segment delivered 5% year-over-year revenue growth, the Mechanical Services (MS) and Quest In
SUGAR LAND, Texas, Nov. 10, 2021 /PRNewswire/ -- Team, Inc. (NYSE:TISI) announced today that it will issue its third quarter 2021 results at 6:00 a.m. Eastern on Friday, November 12, 2021. In conjunction with this release, the company has scheduled a conference call Friday starting at 10:00 a.m. Eastern (9:00 a.m. Central). By Phone: Dial 1-877-407-5794 inside the U.S. or 1-201-389-0869 outside the U.S. at least 10 minutes before the call. A telephone replay will be available through November 19 by dialing 1-877-660-6853 inside the U.S. or 201-612-7415 outside the U.S. using the Conference ID 13725126#. By Webcast: The call will be broadcast over the web and can be accessed on Team's
SUGAR LAND, Texas, Aug. 3, 2021 /PRNewswire/ -- Team, Inc. (NYSE:TISI), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today reported its financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Results: Revenue of $238.9 million, up $49.6 million, or 26.2%, from Q2 2020 IHT and Quest segment revenue increased by 46.0% and 51.4%, respectively from Q2 2020 Gross margin was $62.8 million, up $5.4 million from Q2 2020 Quest adjusted EBITDA margin of 26.6%, surpassing the 2020 full year average of 24.1%"TEAM's second quarter results reflect a mix of activity recovery and challenging market dynamics," sa
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Gainers MingZhu Logistics Hldgs (NASDAQ:YGMZ) stock rose 32.3% to $0.45 during Monday's regular session. The company's market cap stands at $16.6 million. Ambipar Emergency (AMEX:AMBI) shares rose 25.07% to $4.44. The company's market cap stands at $246.1 million. iPower (NASDAQ:IPW) shares increased by 17.16% to $2.73. The market value of their outstanding shares is at $81.4 million. SolarMax Technology (NASDAQ:SMXT) stock increased by 15.42% to $7.08. The company's market cap stands at $318.2 million. Stericycle (NASDAQ:SRCL) stock moved upwards by 14.84% to $59.19. The market value of their outstanding shares is at $5.4 billion. Professional Diversity (NASDAQ:IPDN) shares increased
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Team (NYSE:TISI) reported quarterly losses of $(3.33) per share. This is a 36.45 percent increase over losses of $(5.24) per share from the same period last year. The company reported $199.60 million in sales this quarter. This is a 1.32 percent decrease over sales of $202.28 million the same period last year.
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