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.
Team, Inc. reports developments for its specialty industrial services business, which provides inspection, heat-treating and mechanical services for process, pipeline, power, refining and petrochemical customers. Company news centers on quarterly and annual operating results, revenue trends, gross margin, Adjusted EBITDA, cash flow and the performance of its inspection, heat-treating and mechanical service offerings.
Recurring updates also cover capital-structure actions, including completed preferred stock and warrant financing, amendments to credit facilities, and board or executive governance changes. TEAM’s releases commonly announce earnings timing and conference calls alongside financial results and operational commentary.
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.