reports
Team, Inc. Reports First Quarter 2024 Results
Team, Inc. Reports First Quarter 2024 Results SUGAR LAND, Texas, May 14, 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 first quarter ended March 31, 2024. First Quarter 2024 Highlights: Announced first quarter 2024 revenues of $199.6 million.Improved gross margin by 120 basis points to 24.4% as compared to 23.2% in the...
Team, Inc. Appoints Pamela J. McGinnis to Its Board of Directors
Team, Inc. Appoints Pamela J. McGinnis to Its Board of Directors SUGAR LAND, Texas, April 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 announced the appointment of Pamela J. McGinnis to its Board of Directors (the "Board"). The Board’s appointment of Ms. McGinnis as a Class II director is effective as of April 3, 2024, and her initial term will expire at...
Team, Inc. Receives Continued Listing Standard Notice From NYSE
Team, Inc. Receives Continued Listing Standard Notice From NYSE SUGAR LAND, Texas, March 15, 2024 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) ("TEAM" or the "Company") today announced that on March 14, 2024, it received notice (the "Notice") from the New York Stock Exchange (“NYSE”) that it is not in compliance with the NYSE continued listing standards set forth in Section 802.01B of the NYSE's Listed Company Manual due to the fact that the Company's average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its sharehold...
Team, Inc. Reports Fourth Quarter and Full Year 2023 Results
Team, Inc. Reports Fourth Quarter and Full Year 2023 Results SUGAR LAND, Texas, March 07, 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 fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights1: Announced fourth quarter 2023 revenues of $214.1 million, up 1.3% over the 2022 fourth quarter re...
Team, Inc. Reports Third Quarter 2023 Results
Team, Inc. Reports Third Quarter 2023 Results SUGAR LAND, Texas, Nov. 09, 2023 (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 third quarter ended September 30, 2023. Third Quarter 2023 Highlights1: Reported total revenues of $206.7 million.Grew gross margin to 25.5% of revenue or $52.8 million.Decreased net loss from...
Team, Inc. Names Michael J. Caliel as Executive Chairman
Team, Inc. Names Michael J. Caliel as Executive Chairman SUGAR LAND, Texas, Nov. 07, 2023 (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, announced today that the Board of Directors has named Michael J. Caliel to the newly-created position of Executive Chairman of TEAM. Mr. Caliel has served as Team’s non-executive Chairman since March 21, 2022. As Executive Chairman, Mr....
Team, Inc. Announces Successful Closing of Refinancing Transactions
Team, Inc. Announces Successful Closing of Refinancing Transactions Simplifies Capital Structure and Extends Maturities SUGAR LAND, Texas, June 20, 2023 (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 announced the successful closing of a series of previously announced refinancing transactions (the “Transactions”) that raised $87.4 million of new funding (approxim...
Team, Inc. Regains Compliance With NYSE Continued Listing Standards
Team, Inc. Regains Compliance With NYSE Continued Listing Standards SUGAR LAND, Texas, May 30, 2023 (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 announced that it has received formal notice from the New York Stock Exchange (“NYSE”) that the Company has regained compliance with the NYSE’s quantitative continued listing standards. On June 17, 2022, TEAM was notifi...
Team, Inc. Announces Commitment for Refinancing of Capital Structure
Team, Inc. Announces Commitment for Refinancing of Capital Structure Upon Completion, Transactions Will Provide Financial Flexibility and Extend Maturities SUGAR LAND, Texas, May 25, 2023 (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 announced that it has secured committed financing from two of its largest current stakeholders for a series of transactions that, ...
Team, Inc. Reports First Quarter 2023 Results
Team, Inc. Reports First Quarter 2023 Results First Quarter 2023 Revenue Increased $13.2 million or 7.0% Over First Quarter 2022 Gross Margin Improved by 150 basis points Over First Quarter 2022 SUGAR LAND, Texas, May 11, 2023 (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 first quarter ended March 31, 2023. First Qua...
Team, Inc. Reports Fourth Quarter and Full Year 2022 Results
Team, Inc. Reports Fourth Quarter and Full Year 2022 Results Fourth Quarter 2022 Revenue Increased $8 million or 4.0% Over Fourth Quarter 2021 Full Year 2022 Revenue Increased $46 million or 5.8% Over Full Year 2021 SUGAR LAND, Texas, March 14, 2023 (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 fourth quarte...
Team, Inc. Announces Adjustment to Conversion Rate of 5.00% Convertibl...
Team, Inc. Announces Adjustment to Conversion Rate of 5.00% Convertible Senior Notes SUGAR LAND, Texas, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced that, as a result of the previously announced reverse stock split of the outstanding shares of the Company’s common stock, par value $0.30 per share (the “Common Stock”), at a ratio of one-for-ten (the “Reverse Stock Split”), effective at 5:00 p.m. Eastern Time on December 2...
Correction to Press Releases Announcing Team, Inc. One-For-Ten Reverse...
Correction to Press Releases Announcing Team, Inc. One-For-Ten Reverse Stock Split and Completion of One-For-Ten Reverse Stock Split SUGAR LAND, TX, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced a correction of its prior press releases “Team, Inc. Announces One-For-Ten Reverse Stock Split” issued on December 9, 2022, and its later press release “Team, Inc. Completes One-For-Ten Reverse Stock Split” issued on December 21, ...
Team, Inc. Completes One-for-Ten Reverse Stock Split
Team, Inc. Completes One-for-Ten Reverse Stock Split SUGAR LAND, Texas, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced that it has completed the previously announced reverse stock split of the outstanding shares of the Company’s common stock, par value $0.30 per share (the “Common Stock”), at a ratio of one-for-ten (the “Reverse Stock Split”), effective at 5:00 p.m. Eastern Time today (the “Effective Time”). The Common Sto...
Team, Inc. Announces One-for-Ten Reverse Stock Split
Team, Inc. Announces One-for-Ten Reverse Stock Split SUGAR LAND, Texas, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced that the Board of Directors of the Company (the “Board”) has approved a reverse stock split of the outstanding shares of the Company’s common stock, par value $0.30 per share (the “Common Stock”), at a ratio of one-for-ten (the “Reverse Stock Split”). The Company’s shareholders granted authority to the Boa...
Keith Tucker Appointed as Chief Executive Officer at Team, Inc.
Keith Tucker Appointed as Chief Executive Officer at Team, Inc. SUGAR LAND, Texas, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Team, Inc.’s (NYSE: TISI) (“TEAM” or the “Company”) Board of Directors (“Board”) has unanimously appointed Keith Tucker as Chief Executive Officer effective as of November 22. Mr. Tucker had been serving as interim Chief Executive Officer since March 2022. "We are pleased to announce Keith’s appointment as Chief Executive Officer. With his strong operational background and extensive knowledge of our client base, Keith is the right person to lead Team," said Michael Caliel,...
Team, Inc. Reports Third Quarter 2022 Results
Team, Inc. Reports Third Quarter 2022 Results Consolidated Revenue Increased 10% over 3Q 2021 Completes Strategic Sale of Quest Integrity Business to Baker Hughes SUGAR LAND, Texas, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today reported its financial results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial and Operational Results1: Announced the closing of the sale of its Quest Integrity business to B...
TEAM, INC. Receives Continued Listing Notice From NYSE
TEAM, INC. Receives Continued Listing Notice From NYSE SUGAR LAND, Texas, Nov. 04, 2022 (GLOBE NEWSWIRE) -- TEAM, INC. (“TEAM” or the “Company”) (NYSE: TISI) today announced that on November 2, 2022 it received written notice from the New York Stock Exchange (“NYSE”) that the Company is not in compliance with the continued listing standards set forth in Rule 802.01C of the NYSE Listed Company Manual that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period (the “Notice”). The NYSE rules require the Company to noti...
Team, Inc. Announces Adjournment of Special Meeting of Shareholders
Team, Inc. Announces Adjournment of Special Meeting of Shareholders Scheduled to Reconvene November 8, 2022 at 3:00 p.m. Central Time at Company Headquarters to Vote on Proposal One SUGAR LAND, Texas, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”) convened its Special Meeting of Shareholders on November 2, 2022, and shareholders approved proposals to authorize the Company’s Board of Directors to implement a reverse stock split, and to adjourn the meeting to provide shareholders with additional time to vote on Proposal One to approve an increase in th...
Team, Inc. Completes Sale of Quest Integrity Business
Team, Inc. Completes Sale of Quest Integrity Business SUGAR LAND, Texas., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, announced today the closing of the previously disclosed sale of its Quest Integrity business to Baker Hughes, an energy technology company that provides solutions to energy and industrial customers worldwide, for approximately $279 million, reflecting certain estimated post-closing adjustments. The net proceeds to the C...
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