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Team Inc (TISI) provides essential industrial services ensuring the safety and reliability of high-pressure systems across refining, petrochemical, and power sectors. This news hub offers investors and industry professionals a centralized resource for tracking the company's latest developments.
Access real-time updates including earnings reports, strategic partnerships, operational milestones, and regulatory filings. Our curated collection ensures you stay informed about critical announcements impacting TISI's market position and service innovations.
Key coverage areas include non-destructive testing advancements, mechanical service expansions, and global operational updates. Each update is verified for accuracy, providing reliable insights for decision-making in safety-critical industries.
Bookmark this page for streamlined access to TISI's evolving narrative. Combine timely news monitoring with fundamental analysis to assess the company's role in maintaining industrial infrastructure integrity worldwide.
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.
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