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Stock impact report

Team, Inc. Reports Third Quarter 2024 Results [Yahoo! Finance]

Team, Inc. (TISI) 
Last team, inc. earnings: 3/12 05:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.teaminc.com
Company Research Source: Yahoo! Finance
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 third quarter ended September 30, 2024. Third Quarter 2024 Highlights: Generated revenue of $210.8 million, up 2% over third quarter 2023. Maintained gross margin of 25.4%. Improved operating income to $3.2 million, up $4.4 million over third quarter 2023. Reported third quarter 2024 net loss of $11.1 million, an 8.3% improvement year over year. Delivered consolidated Adjusted EBITDA of $11.3 million (5.4% of consolidated revenue) for the 2024 third quarter, and $39.6 million (6.2% of consolidated revenue) for the first nine months of 2024. Adjusted Selling, General and Administrative Expense declined to 21.7% of consolidated revenue. Successfully amended and extended the Company's ABL Credit Facility to provide additional liquidity and improved pricing as announced on Show less Read more
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