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 (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 a 4% revenue increase in Q4 2022, totaling $211.3 million, with gross margin improving to 24.8%. Despite a net loss of $56.9 million, adjusted EBITDA rose to $6.7 million, up from a negative figure a year prior. For the full year, revenue reached $840.2 million, up 5.8%, while the net loss narrowed to $150.1 million. Key developments included the sale of Quest Integrity for $279 million, which helped reduce net debt to $227.9 million. The company aims to maintain operational momentum into 2023, focusing on margin expansion and enhanced cash flow from increased activity levels and pricing improvements.
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