Team (TISI) 8-K Other Events

Exhibit 99.1

TEAM, INC. AND SUBSIDIARIES

SUMMARY OF OPERATING RESULTS

(in thousands, except per share data)

	Three Months Ended									Year Ended
	3/31/2015		6/30/2015			9/30/2015		12/31/2015		2015
	(unadited)		(unadited)			(unadited)		(unaudited)		(unaudited)
Revenues(a)	$	192,407	$	235,399		$	243,552	$	254,998	$	926,356
Operating expenses		138,364		159,921			173,931		183,249		655,465
Gross margin		54,043		75,478			69,621		71,749		270,891
Selling, general and administrative expenses		46,344		53,444			62,242		61,048		223,078
Equity earnings in JV		—		—			—		—		—
Loss from revaluation of contingent consideration		—		—			522		—		522
Operating income		7,699		22,034			6,857		10,701		47,291
Foreign currency loss / (gain)		374		(51	)		606		196		1,125
Other expense / (income), net		1,179		(3	)		8		—		1,184
Interest expense, net		567		574			2,397		2,254		5,792
Earnings before income taxes		5,579		21,514			3,846		8,251		39,190
											—
Provision for income taxes		2,213		7,446			1,299		2,786		13,744
Net income		3,366		14,068			2,547		5,465		25,446
Less: Income attributable to non-controlling interest		60		153			—		—		213
Net income available to common shareholders	$	3,306	$	13,915		$	2,547	$	5,465	$	25,233
Earnings per common share:
Basic	$	0.16	$	0.69		$	0.13	$	0.26	$	1.21
Diluted	$	0.15	$	0.65		$	0.12	$	0.26	$	1.18
Weighted average number of shares outstanding:
Basic		20,396		20,296			20,375		21,242		20,780
Diluted		21,592		21,339			21,445		21,393		21,378

TEAM, INC. AND SUBSIDIARIES

ADDITIONAL FINANCIAL INFORMATION

(in thousands, except per share data)

	Three Months Ended												Year Ended
	3/31/2015			6/30/2015			9/30/2015			12/31/2015			2015
	(unadited)			(unadited)			(unadited)			(unaudited)			(unaudited)
Adjusted Net Income:
Net income available to common shareholders	$	3,306		$	13,915		$	2,547		$	5,465		$	25,233
Non-routine revaluation contingent consideration (IHT)		—			—			522			—			522
Non-routine acquisition costs (Corp)		—			3,614			1,283			1,885			6,782
Non-routine foreign currency loss		673			—			—			—			673
Non-routine Venezuela deconsolidation		1,177			—			—			—			1,177
Non-routine legal fees (Quest)		1,096			248			866			536			2,746
Non-routine EA asset write-off (MS)		383			—			—			—			383
Non-routine ERP costs (Corp)		—			609			1,182			1,084			2,875
Non-routine professional fees (Corp)		—			—			—			897			897
Tax impact of adjustments		(1,321	)		(1,547	)		(1,301	)		(1,487	)		(5,656	)
Adjusted Net Income		5,314			16,839			5,099			8,380		$	35,632
Adjusted Net income per common share:
Basic	$	0.26		$	0.83		$	0.25		$	0.39		$	1.71
Diluted	$	0.25		$	0.79		$	0.24		$	0.39		$	1.67
Adjusted EBITDA:
Operating income (“EBIT”)(a)	$	7,699		$	22,034		$	6,857		$	10,701		$	47,291
Non-routine revaluation contingent consideration (IHT)		—			—			522			—			522
Non-routine acquisition costs (Corp)		—			3,614			1,283			1,885			6,782
Non-routine legal fees (Quest)		1,096			248			866			536			2,746
Non-routine EA asset write-off (MS)		383			—			—			—			383
Non-routine ERP costs (Corp)		—			609			1,182			1,084			2,875
Non-routine professional fees (Corp)		—			—			—			897			897
Adjusted EBIT		9,178			26,505			10,710			15,103			61,496
Depreciation and amortization		5,690			6,070			8,774			8,604			29,138
Non-cash share-based compensation costs		1,286			1,138			1,620			1,420			5,464
Adjusted EBITDA(a)		16,154			33,713			21,104			25,127			96,098
Segment Data
Revenues:
IHT	$	107,191		$	130,221		$	157,308		$	154,587		$	549,307
MS		69,352			81,103			69,596			82,530			302,581
Quest		15,864			24,075			16,648			17,881			74,468
		192,407			235,399			243,552			254,998			926,356
Adjusted EBIT:
IHT	$	10,375		$	18,331		$	14,908		$	12,909		$	56,523
MS		4,824			9,451			3,249			9,023			26,547
Quest		2,359			6,990			1,590			3,304			14,243
Corporate and shared support		(8,380	)		(8,267	)		(9,037	)		(10,133	)		(35,817	)
		9,178			26,505			10,710			15,103			61,496
Adjusted EBITDA:
IHT	$	12,515		$	20,589		$	19,795		$	17,821		$	70,720
MS		6,669			11,518			5,386			10,961			34,534
Quest		3,794			8,436			3,052			4,765			20,047
Corporate and shared support		(6,824	)		(6,830	)		(7,129	)		(8,420	)		(29,203	)
		16,154			33,713			21,104			25,127			96,098

TEAM, INC. AND SUBSIDIARIES

SUMMARY OF OPERATING RESULTS

(in thousands, except per share data)

	Three Months Ended										Year Ended
	3/31/2014		6/30/2014			9/30/2014		12/31/2014			2014
	(unaudited)		(unaudited)			(unaudited)		(unaudited)			(unaudited)
Revenues(a)	$	180,177	$	207,741		$	200,135	$	225,024		$	813,077
Operating expenses		130,390		142,806			137,807		155,706			566,709
Gross margin		49,787		64,935			62,328		69,318			246,368
Selling, general and administrative expenses		44,024		45,178			45,782		48,241			183,225
Equity earnings in JV		—		—			—		—			—
Loss / (gain) from revaluation of contingent consideration		—		(9	)		—		6			(3	)
Operating income		5,763		19,766			16,546		21,071			63,146
Foreign currency loss		1,807		1,965			402		724			4,898
Other expense / (income), net		—		19			—		(2	)		17
Interest expense, net		676		594			542		559			2,371
Earnings before income taxes		3,280		17,188			15,602		19,790			55,860
Provision for income taxes		875		5,859			5,608		7,260			19,602
Net income		2,405		11,329			9,994		12,530			36,258
Less: Income attributable to non-controlling interest		97		129			30		141			397
Net income available to common shareholders	$	2,308	$	11,200		$	9,964	$	12,389		$	35,861
Earnings per common share:
Basic	$	0.11	$	0.55		$	0.49	$	0.60		$	1.75
Diluted	$	0.11	$	0.53		$	0.47	$	0.57		$	1.64
Weighted average number of shares outstanding:
Basic		20,424		20,474			20,535		20,673			20,531
Diluted		21,234		21,263			21,299		21,906			21,898

TEAM, INC. AND SUBSIDIARIES

ADDITIONAL FINANCIAL INFORMATION

(in thousands, except per share data)

	Three Months Ended												Year Ended
	3/31/2014			6/30/2014			9/30/2014			12/31/2014			2014
	(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)
Adjusted Net Income:
Net income available to common shareholders	$	2,308		$	11,200		$	9,964		$	12,389		$	35,861
Non-routine foreign currency loss		1,858			2,104			—			—			3,962
Non-routine acquisition costs (MS)		—			—			164			—			164
Tax impact of adjustments		(502	)		(715	)		(59	)		—			(1,276	)
Adjusted Net Income	$	3,664		$	12,589		$	10,069		$	12,389		$	38,711
Adjusted Net income per common share:
Basic	$	0.18		$	0.61		$	0.49		$	0.60		$	1.89
Diluted	$	0.17		$	0.59		$	0.47		$	0.57		$	1.77
Adjusted EBITDA:
Operating income (“EBIT”)(a)	$	5,763		$	19,766		$	16,546		$	21,071		$	63,146
Non-routine acquisition costs (MS)		—			—			164			—			164
Adjusted EBIT		5,763			19,766			16,710			21,071			63,310
Depreciation and amortization		5,356			5,483			5,548			5,688			22,075
Non-cash share-based compensation costs		1,005			1,006			1,329			1,192			4,532
Adjusted EBITDA(a)		12,124			26,255			23,587			27,951			89,917
Segment Data
Revenues:
IHT	$	98,264		$	114,450		$	114,624		$	120,713		$	448,051
MS		65,012			74,868			69,560			84,497			293,937
Quest		16,901			18,423			15,951			19,814			71,089
	$	180,177		$	207,741		$	200,135		$	225,024		$	813,077
Adjusted EBIT:
IHT	$	7,810		$	15,479		$	16,038		$	16,550		$	55,877
MS		2,894			8,924			7,077			8,540			27,435
Quest		2,490			3,446			1,552			4,636			12,124
Corporate and shared support		(7,431	)		(8,083	)		(7,957	)		(8,655	)		(32,126	)
	$	5,763		$	19,766		$	16,710		$	21,071		$	63,310
Adjusted EBITDA:
IHT	$	9,756		$	17,477		$	18,055		$	18,651			63,939
MS		4,695			10,754			8,942			10,431			34,822
Quest		3,894			4,855			2,958			6,065			17,772
Corporate and shared support		(6,221	)		(6,831	)		(6,368	)		(7,196	)		(26,616	)
	$	12,124		$	26,255		$	23,587		$	27,951		$	89,917
	$	—		$	—		$	—		$	—		$	—

^(a)  The following amounts relate to Venezuela operations in 2014. Venezuela was deconsolidated on February 1, 2015 (in thousands):

	Three Months Ended									Year Ended
	3/31/2014		6/30/2104			9/30/2014		12/31/2014		12/31/2014
Revenue		2,102		(154	)		298		657		2,903
EBIT		1,001		(19	)		43		203		1,228
EBITDA		1,009		(21	)		44		201		1,233