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Team, Inc. - TISI STOCK NEWS

Welcome to our dedicated news page for Team (Ticker: TISI), a resource for investors and traders seeking the latest updates and insights on Team.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Team's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Team's position in the market.

News
Team, Inc. Appoints Pamela J. McGinnis to Its Board of Directors
Rhea-AI Summary
Team, Inc. appoints Pamela J. McGinnis to its Board of Directors, expanding the Board to seven members. Ms. McGinnis brings over 30 years of executive experience in the oil and gas industry, previously working at Phillips 66 and its predecessor companies. Her appointment aims to enhance TEAM's strategic objectives and unlock intrinsic value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.33%
Tags
management
-
News
Team, Inc. Receives Continued Listing Standard Notice From NYSE
Rhea-AI Summary
Team, Inc. (TISI) received a notice from the NYSE stating non-compliance with listing standards due to low market capitalization and shareholders' equity. The company plans to submit a compliance plan within 45 days to rectify the situation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.54%
Tags
none
-
News
Team, Inc. Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Team, Inc. reported its financial results for Q4 and full year 2023, showcasing revenue growth, margin improvement, and cost reduction efforts. Despite a net loss, the company saw positive trends in Adjusted EBITDA and Free Cash Flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.72%
Tags
earnings
News
Team, Inc. Reports Third Quarter 2023 Results
Rhea-AI Summary
Team, Inc. (NYSE: TISI) reported total revenues of $206.7 million for the third quarter ended September 30, 2023. The company also grew its gross margin to 25.5% of revenue, decreased net loss from continuing operations by 54.4% to $12.1 million, and grew consolidated Adjusted EBITDA to $11.1 million. Additionally, ongoing cash selling, general and administrative expenses were reduced by 7.6% or $3.7 million compared to the 2022 period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.16%
Tags
earnings
-
News
Team, Inc. Names Michael J. Caliel as Executive Chairman
Rhea-AI Summary
Team, Inc. (NYSE: TISI) has appointed Michael J. Caliel as the Executive Chairman to focus on long-term corporate strategy development, growth opportunities, and profit improvement. Keith Tucker will continue as Chief Executive Officer, leading all business operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.57%
Tags
none
-
News
Team, Inc. Reports Second Quarter 2023 Results
Rhea-AI Summary
Team, Inc. reports Q2 2023 revenue of $239.5 million, up 8% YoY. Gross margin improves by 190 basis points. Net loss of $15.8 million, an improvement of $12.4 million YoY. Consolidated Adjusted EBITDA increases to $17.4 million, up from $5.7 million YoY. Ongoing cash selling, general and administrative expenses reduced by $3.2 million YoY. Successfully repaid remaining $41.2 million of convertible notes. Strong revenue growth and improved cost efficiency contribute to positive financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.17%
Tags
earnings
News
Team, Inc. Announces Successful Closing of Refinancing Transactions
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.64%
Tags
none
-
News
Team, Inc. Regains Compliance With NYSE Continued Listing Standards
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.95%
Tags
none
-
News
Team, Inc. Announces Commitment for Refinancing of Capital Structure
Rhea-AI Summary
Team, Inc. has secured committed financing from two of its largest stakeholders for a series of transactions that will improve its capital structure and extend maturities. The company entered into a commitment letter with Corre Management Partners for a new $57.5 million senior secured first lien term loan. It also entered into a commitment letter with Eclipse Business Capital for a new $27.4 million term loan secured by real estate and machinery and equipment. The closing of the term loan facilities and related amendments to existing credit facilities is expected to occur in the second quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
61.78%
Tags
none
News
Team, Inc. Reports First Quarter 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.15%
Tags
earnings
Stock TISI logo
Team, Inc.

NYSE:TISI

TISI Rankings

#4980 Ranked by Market Cap
#1090 Ranked by Stock Gains
N/A Ranked by Dividends

TISI Stock Data

32.23M
2.79M
2.71%
48.66%
0.51%
Engineering Services
Professional, Scientific, and Technical Services
Link
United States
Sugar Land

About TISI

team is a leading industrial services company offering an array of specialized services related to the construction, maintenance, and monitoring of pressurized piping and associated systems. we serve customers in the refining, petrochemical, power, pipeline, and other heavy industrial industries with a level of service that goes above and beyond. with more than 140 u.s. and international locations, we are rapidly growing our global footprint across a wide range of industries - with service locations in five continents. even with consideration of the recent economic recession, over the last ten years, team’s revenues have grown at a compound annual rate of over 20 percent. as a result, team has been named to forbes magazine’s 200 best small companies, forbes 100 most trustworthy companies and fortune magazine’s 100 fastest growing companies lists.