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 (NYSE:TISI), a global provider of specialty industrial services, has scheduled its second quarter 2025 earnings release for Tuesday, August 12, 2025, after the NYSE market close.
The company will host a conference call to discuss financial and operational results on Wednesday, August 13, 2025, at 10:00 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 also be available via webcast on TEAM's website, with an audio replay accessible afterward.
Team Inc (NYSE:TISI) has promoted Daniel Dolson to Executive Vice President, Chief Strategy and Transformation Officer to spearhead the company's transformation initiatives. The transformation plan focuses on three key areas: improving critical processes, generating cost savings and margin improvements, and enhancing commercial strategy for global revenue growth.
Dolson brings over 25 years of operational and financial experience, including successful roles at Dayton Superior Corporation and Associated Materials LLC. He will report to CEO Keith Tucker while providing regular updates to the Board on transformation progress.
Team Inc (NYSE: TISI), a global provider of specialty industrial services, has scheduled its first quarter 2025 earnings release for Monday, May 12, 2025 after the NYSE market close. The company will host a conference call to discuss its financial and operational results on Tuesday, May 13, 2025, at 10:00 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 also be available via webcast on TEAM's website, with an audio replay accessible afterward.
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.