Team, Inc. Reports Second Quarter 2024 Results
Team, Inc. (TISI)
Last team, inc. earnings: 3/12 05:15 pm
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US:NYSE Investor Relations:
investor.teaminc.com
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Source: GlobeNewswire
SUGAR LAND, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights: Generated second quarter 2024 revenues of $228.6 million.Improved gross margin by 240 basis points to 27.8%.Reported second quarter 2024 net loss of $2.8 million, a $13.0 million improvement over the 2023 second quarter.Increased consolidated Adjusted EBITDA1 to $21.8 million (9.5% of consolidated revenue), up 25.0% from $17.4 million (7.3% of consolidated revenue) in the 2023 second quarter.Adjusted Selling, General and Administrative Expense1 was 19.8% of consolidated revenue and declined by $2.0 million as compared to the 2023 second quarter.Reiterated 2024 full year gui
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- Baker Hughes Updates Leadership to Deliver on Growth Strategy [Yahoo! Finance]Yahoo! Finance
- Team (TISI) Earnings Increase Y/Y in Q2, Revenues Decline [Yahoo! Finance]Yahoo! Finance
- Team, Inc. (NYSE: TISI) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Team, Inc. (TISI) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Team, Inc. Announces Timing of Second Quarter Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
TISI
Sec Filings
- 8/8/24 - Form S-8
- 8/8/24 - Form 10-Q
- 8/8/24 - Form 8-K
- TISI's page on the SEC website