Team, Inc., together with its subsidiaries, provides asset performance assurance and optimization solutions in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT), Mechanical Services (MS), and Quest Integrity segments. The IHT segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, alternating current field measurement, and eddy current testing services. This segment also provides long-range guided ultrasonic testing, phased array ultrasonic testing, terminals and storage inspection and management program, rope access, mechanical and pipeline integrity, heat treating, and robotics and inspection services. The MS segment offers engineered composite repair, emissions control/compliance, hot tapping, valve insertion, field machining, bolted joint integrity, vapor barrier plug and weld testing, and valve management services, as well as leak repair services for pipes, valves, and flanges, as well as other parts of piping systems, pipelines, and related assets. The Quest Integrity segment provides furnace tube inspection system-enabled, in-line inspection, pipeline integrity management, engineering and condition assessment, and robotics and inspection services. It also offers onstream services comprising of line stopping and on-line valve insertion solutions. The company serves refining, power, renewables, nuclear, liquefied natural gas, chemical, petrochemical, pulp and paper, automotive, mining, valves, terminals and storage, pipeline, offshore oil and gas, and aerospace and defense industries, as well as amusement parks, bridges, ports, construction and buildings, roads, dams, and railways. Team, Inc. was founded in 1973 and is headquartered in Sugar Land, Texas.
Company profile
Ticker
TISI
Exchange
Website
CEO
Mr. Keith D. Tucker
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ACADEMIC COMPUTER SYSTEMS INC, WORLDS COM INC, Worlds.com, Inc.
SEC CIK
Corporate docs
Subsidiaries
TISI Pipelines, Inc. • Team Industrial Services, Inc. • Global Ascent, LLC • TCI Services Holdings, LLC • TCI Services, LLC • Tank Consultants, LLC • Tank Consultants Mechanical Services, LLC • Team Industrial Services International, Inc. • Team Mexico Holdings, LLC • Team Middle East FZ LLC ...
IRS number
741765729
TISI stock data
Latest filings (excl ownership)
8-K
Team, Inc. Announces Amendment and Maturity Extension of Its Abl Credit Facility
1 Oct 24
S-8
Registration of securities for employees
8 Aug 24
10-Q
2024 Q2
Quarterly report
8 Aug 24
8-K
Team, Inc. Reports Second Quarter 2024 Results
8 Aug 24
8-K
Submission of Matters to a Vote of Security Holders
24 May 24
8-K
Team, Inc. Showcases Strategic Vision with New Investor Presentation and Recording
21 May 24
10-Q
2024 Q1
Quarterly report
14 May 24
8-K
Team, Inc. Reports First Quarter 2024 Results
14 May 24
DEF 14A
Definitive proxy
10 Apr 24
8-K
Team, Inc. Appoints Pamela J. Mcginnis to Its Board of Directors
8 Apr 24
Transcripts
TISI
Earnings call transcript
2024 Q2
9 Aug 24
TISI
Earnings call transcript
2024 Q1
21 May 24
TISI
Earnings call transcript
2021 Q3
12 Nov 21
TISI
Earnings call transcript
2021 Q2
8 Aug 21
TISI
Earnings call transcript
2021 Q2
4 Aug 21
TISI
Earnings call transcript
2021 Q1
9 May 21
TISI
Earnings call transcript
2021 Q1
5 May 21
TISI
Earnings call transcript
2020 Q4
10 Mar 21
TISI
Earnings call transcript
2020 Q3
7 Nov 20
TISI
Earnings call transcript
2020 Q3
5 Nov 20
Latest ownership filings
11-K
Annual report of employee stock purchases
26 Jun 24
4
NELSON M HAIGHT
24 Jun 24
4
Change in insider ownership
17 Jun 24
4
Change in insider ownership
5 Jun 24
4
Change in insider ownership
23 May 24
3
Pamela J. McGinnis
11 Apr 24
4
Change in insider ownership
1 Apr 24
4
Michael J Caliel
27 Mar 24
4
Edward J. Stenger
27 Mar 24
SC 13D/A
CORRE HORIZON FUND, LP
26 Mar 24
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 22.46 mm | 22.46 mm | 22.46 mm | 22.46 mm | 22.46 mm | 22.46 mm |
Cash burn (monthly) | 576.33 k | 664.67 k | (no burn) | 3.30 mm | 2.12 mm | (no burn) |
Cash used (since last report) | 2.16 mm | 2.50 mm | n/a | 12.39 mm | 7.95 mm | n/a |
Cash remaining | 20.30 mm | 19.97 mm | n/a | 10.07 mm | 14.51 mm | n/a |
Runway (months of cash) | 35.2 | 30.0 | n/a | 3.1 | 6.9 | n/a |
Institutional ownership, Q2 2024
13F holders | Current |
---|---|
Total holders | 27 |
Opened positions | 24 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 17.07 bn |
Total shares | 21.58 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Corre Opportunities Qualified Master Fund | 14.55 mm | $18.04 mm |
Gasc Apf | 3.40 mm | $3.71 mm |
Corre Partners Management | 1.56 mm | $13.85 bn |
Corre Horizon Fund | 1.45 mm | $9.35 mm |
BCS Barclays | 255.97 k | $2.27 mm |
Vanguard | 140.87 k | $1.25 bn |
BLK BlackRock | 53.36 k | $473.83 mm |
Manatuck Hill Partners | 38.90 k | $345.43 mm |
Geode Capital Management | 38.47 k | $341.67 mm |
NTRS Northern Trust | 24.53 k | $217.86 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Jun 24 | Nelson M Haight | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 2,046 | 0.00 | 13,272 |
21 Jun 24 | Nelson M Haight | Common Stock | Option exercise | Acquire M | No | No | 0 | 8,721 | 0.00 | 15,318 |
14 Jun 24 | Corre Partners Management | Common Stock, par value $0.30 per share | Buy | Acquire P | Yes | No | 8.288 | 4,000 | 33.15 k | 1,559,520 |
3 Jun 24 | Corre Partners Management | Common Stock, par value $0.30 per share | Buy | Acquire P | Yes | No | 7.3179 | 2,800 | 20.49 k | 1,555,520 |
22 May 24 | Corre Partners Management | Common Stock, par value $0.30 per share | Buy | Acquire P | Yes | No | 7.1291 | 4,231 | 30.16 k | 1,552,720 |
21 May 24 | Corre Partners Management | Common Stock, par value $0.30 per share | Buy | Acquire P | Yes | No | 7.0031 | 6,122 | 42.87 k | 1,548,489 |
News
12 Industrials Stocks Moving In Friday's Intraday Session
11 Oct 24
12 Industrials Stocks Moving In Wednesday's Pre-Market Session
9 Oct 24
Team Earnings Increase Y/Y in Q2, Revenues Decline
12 Aug 24
Team Reaffirms Guidance
8 Aug 24
Team Q2 Adj $(0.45) Up From $(2.55) YoY, Sales $228.62M Down From $239.49M YoY
8 Aug 24
Press releases
Team, Inc. Announces Amendment and Maturity Extension of Its ABL Credit Facility
30 Sep 24
Baker Hughes Announces Leadership Changes to Continue Strategic Growth and Customer Success
3 Sep 24
Team, Inc. Reports Second Quarter 2024 Results
8 Aug 24
Team, Inc. Announces Timing of Second Quarter Earnings Release and Conference Call
7 Aug 24