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Stock impact report

Zacks Initiates Coverage of Team With Neutral Recommendation [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
The assessment reflects the potential and the challenges facing the company in the current market environment. Team has shown a strong commitment to improving its financial performance through strategic cost management. In the first quarter of 2024, the company improved its gross margin by 120 basis points to 24.4%, up from 23.2% in the prior-year period. This improvement is attributed to a favorable project mix, improved pricing and lower direct costs due to cost-reduction efforts. The company is making strides to leverage its technical expertise in high-growth, high-margin service lines, and adjacent markets, such as aerospace and renewable energy. Team's strategic initiatives are aimed at achieving mid to high-single-digit revenue growth within its core markets, driving revenue diversification and enhancing growth prospects. For 2024, TISI has provided an optimistic adjusted EBITDA guidance of $58-$68 million, suggesting a 48% year-over-year rise at the mid-point. This outloo Show less Read more
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