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.
News and filings about Team, Inc. (NYSE: TISI) focus on its role as a provider of specialty industrial services, including mechanical, heat-treating, and inspection offerings. Headquartered in Sugar Land, Texas, the company issues regular updates on its financial performance, capital structure, governance, and transformation initiatives, giving investors and analysts insight into its operations and strategic direction.
Team, Inc.’s quarterly earnings releases highlight revenue, gross margin, operating income, and non-GAAP measures such as Adjusted EBITDA for its two segments: Inspection and Heat Treating and Mechanical Services. These updates often discuss factors influencing results, including turnaround and callout activity, project mix, regional performance in the United States, Canada, and other international areas, and the impact of cost optimization programs.
In addition to earnings, the company publishes news on financing and capital structure actions, such as its March 2025 refinancing transaction and the September 2025 private placement of Series B Preferred Stock and warrants with an affiliate of Stellex Capital Management LLC. Governance-related announcements cover board appointments, changes in board leadership, and outcomes of shareholder meetings.
Visitors to this page can review a stream of such news items, including timing announcements for earnings releases and conference calls, updates on transformation leadership roles, and details on strategic initiatives aimed at cost savings and margin improvement. For those tracking TISI, this news feed offers a centralized view of the company’s reported developments across operations, finance, and corporate governance over time.
Team, Inc. (NYSE: TISI) has appointed Candice Koederitz to its Board of Directors, effective August 9, 2021. With over 30 years at Morgan Stanley, including leadership roles in capital markets and regulatory implementation, Ms. Koederitz enhances the board's expertise. Amerino Gatti, CEO, expressed enthusiasm for her insights during a time of emerging opportunities. Koederitz currently serves on other boards, including Vintage Wine Estates (NASDAQ: VWE). This appointment reflects Team's commitment to broadening its leadership capabilities to navigate dynamic market conditions.
Team, Inc. (TISI) reported second quarter 2021 revenue of $238.9 million, a 26.2% increase from Q2 2020, driven by significant growth in its IHT and Quest segments, which rose by 46.0% and 51.4%, respectively. However, the company faced a net loss of $17.5 million, compared to $13.5 million in the previous year. Gross margin declined to 26.3% due to inflation and COVID-related pricing issues. Despite challenges, the company remains optimistic about future revenue growth amidst ongoing economic recovery efforts.
On August 3, 2021, Team, Inc. (TISI) announced the commercial launch of its new SmartStop™ Isolation Technology. This innovative system improves safety and productivity for hot tapping and line intervention applications. The technology features a dual seal system that minimizes pipe alterations and enhances isolation integrity. TEAM aims to reduce execution times and costs for clients while strengthening its position in the industry. The rollout of this proprietary technology has already begun in the United States.
Team, Inc. (NYSE: TISI) has announced a strategic agreement to become the exclusive provider of the Credosoft Integrity Management Platform in North America. This partnership is expected to enhance TEAM's capabilities in asset performance, compliance, inspection, and repair solutions. The Credosoft platform is cloud-based, supports a variety of clients, and offers a stable, subscription-based revenue model. According to TEAM's President, this move aligns with their strategy to optimize client asset performance, while Credosoft's CEO emphasized TEAM's ideal qualifications for this partnership.
Team, Inc. (NYSE: TISI) will release its second quarter 2021 results after the market closes on August 3, 2021. A conference call is scheduled for August 4, 2021, at 10:00 a.m. ET to discuss these results. Investors can join the call by phone or via webcast on Team's website. This call marks an important opportunity for investors to gain insights into Team’s performance and outlook.
Team, Inc. (NYSE: TISI), a leading provider of asset performance solutions, announced participation in the CJS Securities 21st Annual New Ideas Summer Conference on July 13, 2021. CEO Amerino Gatti and CFO Susan Ball will engage in virtual one-on-one meetings throughout the event, emphasizing the company's commitment to safety, reliability, and operational efficiency. With a presence in over 20 countries, Team, Inc. combines technological innovation with a century of management expertise to enhance performance solutions for critical assets.
Team, Inc. (NYSE: TISI), a leader in integrated asset performance solutions, announced participation in two upcoming investor conferences. On June 3, the company will attend the KeyBanc Capital Markets 2021 Industrials & Basic Materials Virtual Conference, hosting virtual one-on-one meetings. The following week, on June 8, Team, Inc. will present at the Stifel 2021 Virtual Cross Sector Insight Conference at 11:20 a.m. ET, along with additional one-on-one meetings.
Team, Inc. (TISI) reported a significant decline in Q1 2021 revenue, totaling $194.6 million, down 17.8% year-over-year. Gross margin fell to 22.5% from 24.3% in Q1 2020. The company incurred a net loss of $34.3 million (or $1.11 per diluted share), although this was an improvement compared to a loss of $199.7 million in the same period last year. Despite challenges from winter storms and the pandemic, cost management efforts led to a 15.7% reduction in SG&A expenses. March showed increased activity levels as operations normalized, bolstering a positive outlook for 2021.
Team, Inc. (NYSE: TISI) announced it will release its first quarter 2021 results after market close on May 4, 2021. A conference call to discuss these results is scheduled for May 5, 2021, at 10:00 a.m. ET. Interested parties can join the call by phone or webcast, with a replay available until May 12, 2021. Team, Inc. is a global provider of asset performance assurance solutions, offering maintenance and repair services across over 20 countries to enhance safety and operational efficiency for critical assets.
Team, Inc. (NYSE: TISI) announced that its CEO, Amerino Gatti, and CFO, Susan Ball, will present at the Sidoti Spring 2021 Virtual Investor Conference on March 24, 2021, at 11:30 a.m. Eastern Time. The presentation will provide an overview of the company, which specializes in asset performance assurance and optimization solutions. TEAM operates in over 20 countries and focuses on enhancing safety, reliability, and operational efficiency for critical assets.