team is a leading industrial services company offering an array of specialized services related to the construction, maintenance, and monitoring of pressurized piping and associated systems. we serve customers in the refining, petrochemical, power, pipeline, and other heavy industrial industries with a level of service that goes above and beyond. with more than 140 u.s. and international locations, we are rapidly growing our global footprint across a wide range of industries - with service locations in five continents. even with consideration of the recent economic recession, over the last ten years, team’s revenues have grown at a compound annual rate of over 20 percent. as a result, team has been named to forbes magazine’s 200 best small companies, forbes 100 most trustworthy companies and fortune magazine’s 100 fastest growing companies lists.
Company profile
Ticker
TISI
Exchange
Website
CEO
Amerino Gatti
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
TISI Pipelines, Inc. • TQ Acquisition, Inc. • Quest Integrity Group, LLC • Quest Integrity CAN Ltd. • Quest Integrity NZL Limited • Quest Integrity MYS Sdn Bhd • Quest Integrity AUS Pty Limited • Quest Integrity EU Holdings B.V. • Quest Integrity NLD B.V. • Quest Integrity Saudi Arabia Co. LTD ...
IRS number
741765729
TISI stock data
Latest filings (excl ownership)
10-Q
2023 Q2
Quarterly report
10 Aug 23
8-K
Team, Inc. Reports Second Quarter 2023 Results
10 Aug 23
8-K
Team, Inc. Announces Successful Closing of Refinancing
20 Jun 23
8-K
Team, Inc. Announces Commitment for Refinancing of Capital Structure
25 May 23
8-K
Submission of Matters to a Vote of Security Holders
16 May 23
10-Q
2023 Q1
Quarterly report
11 May 23
8-K
Team, Inc. Reports First Quarter 2023 Results
11 May 23
EFFECT
Notice of effectiveness
20 Apr 23
DEF 14A
Definitive proxy
5 Apr 23
8-K
Entry into a Material Definitive Agreement
30 Mar 23
Transcripts
TISI
Earnings call transcript
2021 Q2
8 Aug 21
TISI
Earnings call transcript
2021 Q1
9 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 Q2
8 Aug 20
TISI
Earnings call transcript
2020 Q1
18 Jun 20
TISI
Earnings call transcript
2019 Q4
13 Mar 20
TISI
Earnings call transcript
2019 Q3
6 Nov 19
TISI
Earnings call transcript
2019 Q2
11 Aug 19
TISI
Earnings call transcript
2019 Q1
13 May 19
Latest ownership filings
11-K
Annual report of employee stock purchases
28 Jun 23
4
NELSON M HAIGHT
22 Jun 23
SC 13D/A
CORRE HORIZON FUND, LP
20 Jun 23
SC 13D/A
CORRE HORIZON FUND, LP
26 May 23
4
Michael J Caliel
11 Apr 23
4/A
Keith D Tucker
24 Mar 23
4
Keith D Tucker
24 Mar 23
SC 13G/A
Owl Creek Asset Management, L.P.
9 Feb 23
4
Evan S. Lederman
19 Dec 22
4
Edward J. Stenger
12 Dec 22
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| 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) | 30.44 mm | 30.44 mm | 30.44 mm | 30.44 mm | 30.44 mm | 30.44 mm |
| Cash burn (monthly) | 477.33 k | 3.08 mm | 4.55 mm | 7.11 mm | 1.95 mm | 2.35 mm |
| Cash used (since last report) | 1.37 mm | 8.88 mm | 13.11 mm | 20.45 mm | 5.62 mm | 6.76 mm |
| Cash remaining | 29.06 mm | 21.56 mm | 17.32 mm | 9.98 mm | 24.82 mm | 23.68 mm |
| Runway (months of cash) | 60.9 | 7.0 | 3.8 | 1.4 | 12.7 | 10.1 |
Institutional ownership, Q2 2023
| 13F holders | Current |
|---|---|
| Total holders | 26 |
| Opened positions | 2 |
| Closed positions | 3 |
| Increased positions | 4 |
| Reduced positions | 7 |
| 13F shares | Current |
|---|---|
| Total value | 15.91 bn |
| Total shares | 21.51 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 | 1.45 mm | $12.07 bn |
| Corre Horizon Fund | 1.45 mm | $9.35 mm |
| BCS Barclays | 184.41 k | $1.53 mm |
| Gendell Jeffrey L | 171.04 k | $1.42 bn |
| Vanguard | 116.70 k | $968.61 mm |
| BLK Blackrock | 50.19 k | $416.61 mm |
| Geode Capital Management | 32.36 k | $268.59 mm |
| Manatuck Hill Partners | 30.31 k | $251.56 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 21 Jun 23 | Nelson M Haight | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 2,124 | 0.00 | 6,597 |
| 21 Jun 23 | Nelson M Haight | Common Stock | Option exercise | Acquire M | No | No | 0 | 8,721 | 0.00 | 8,721 |
| 8 Apr 23 | Caliel Michael J | Common Stock | Option exercise | Acquire M | No | No | 0 | 4,424 | 0.00 | 6,424 |
| 21 Mar 23 | Keith D Tucker | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 7,228 | 0.00 | 17,811 |
| 21 Mar 23 | Keith D Tucker | Common Stock | Option exercise | Acquire M | No | No | 0 | 21,666 | 0.00 | 25,039 |
| 15 Dec 22 | Evan S. Lederman | Common Stock | Buy | Acquire P | No | No | 0.6871 | 5,000 | 3.44 k | 54,300 |
News
12 Industrials Stocks Moving In Friday's Intraday Session
11 Aug 23
12 Industrials Stocks Moving In Thursday's After-Market Session
10 Aug 23
Team Q2 Sales $239.50M Down From $251.26M YoY
10 Aug 23
10 Industrials Stocks Moving In Tuesday's Intraday Session
4 Jul 23
11 Industrials Stocks Moving In Monday's Intraday Session
3 Jul 23