Headquartered in Sugar Land, Texas, Team Inc. is a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions. The Company deploys conventional to highly specialized inspection, condition assessment, maintenance and repair services that result in greater safety, reliability and operational efficiency for its client's most critical assets. Through locations in more than 20 countries, the Company unites the delivery of technological innovation with over a century of progressive, yet proven integrity and reliability management expertise to fuel a better tomorrow.
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
News
12 Industrials Stocks Moving In Friday's After-Market Session
19 Aug 22
9 Industrials Stocks Moving In Thursday's Intraday Session
18 Aug 22
12 Industrials Stocks Moving In Wednesday's Intraday Session
17 Aug 22
12 Industrials Stocks Moving In Wednesday's Pre-Market Session
17 Aug 22
11 Industrials Stocks Moving In Tuesday's After-Market Session
16 Aug 22
Press releases
Thinking about buying stock in Team, Invitae, FuelCell Energy, Embark Technology, or Rivian Automotive?
15 Aug 22
Team, Inc. Reports Second Quarter 2022 Results
15 Aug 22
Team, Inc. Announces Sale of Quest Integrity Business
15 Aug 22
Revlon Announces Changes in Finance Leadership
9 Aug 22
Team, Inc. Receives Continued Listing Notice From NYSE
15 Jul 22
Calendar
15 Aug 22
19 Aug 22
31 Dec 22
Financial summary
| Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Cost of revenue | |||||
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| 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) | 67.45M | 67.45M | 67.45M | 67.45M | 67.45M | 67.45M |
| Cash burn (monthly) | (no burn) | (no burn) | 6.59M | 14.62M | 1.13M | 4.5M |
| Cash used (since last report) | n/a | n/a | 11.09M | 24.57M | 1.9M | 7.57M |
| Cash remaining | n/a | n/a | 56.36M | 42.87M | 65.55M | 59.88M |
| Runway (months of cash) | n/a | n/a | 8.5 | 2.9 | 58.1 | 13.3 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 21 Jun 22 | Nelson M Haight | RSU Common Stock | Grant | Acquire A | No | No | 0 | 261,628 | 0 | 261,628 |
| 8 Jun 22 | Jeffery Gerald Davis | Common Stock | Buy | Acquire P | No | No | 1.4595 | 2,500 | 3.65K | 108,490 |
| 7 Jun 22 | Jeffery Gerald Davis | Common Stock | Buy | Acquire P | No | No | 1.3796 | 2,500 | 3.45K | 105,990 |
| 2 Jun 22 | Jeffery Gerald Davis | Common Stock | Buy | Acquire P | No | No | 1.1894 | 2,000 | 2.38K | 103,490 |
| 2 Jun 22 | Jeffery Gerald Davis | Common Stock | Buy | Acquire P | No | No | 1.185 | 3,000 | 3.56K | 101,490 |
| 20 May 22 | Evan S. Lederman | Common Stock | Buy | Acquire P | No | No | 0 | 3,500 | 0 | 45,300 |
| 18 May 22 | Evan S. Lederman | Common Stock | Buy | Acquire P | No | No | 1.14 | 7,500 | 8.55K | 41,800 |
| 8 Apr 22 | Caliel Michael J | RSU Common Stock | Grant | Acquire A | No | No | 0 | 44,248 | 0 | 44,248 |
Institutional ownership, Q2 2022
60.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 55 |
| Opened positions | 6 |
| Closed positions | 26 |
| Increased positions | 11 |
| Reduced positions | 26 |
| 13F shares | Current |
|---|---|
| Total value | 23.14M |
| Total shares | 26.2M |
| Total puts | 0 |
| Total calls | 15K |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Corre Partners Management | 14.55M | $10.81M |
| Gasc Apf | 3.4M | $3.71M |
| Owl Creek Asset Management | 1.45M | $1.08M |
| Vanguard | 1.17M | $866K |
| GBL Gamco Investors | 1.16M | $860K |
| BLK Blackrock | 568.78K | $423K |
| Littlejohn & Co | 554.8K | $412K |
| Marshall Wace | 511.98K | $376K |
| Millennium Management | 456.69K | $339K |
| Geode Capital Management | 312.43K | $232K |
Financial report summary
?Management Discussion
- Revenues. Total revenues increased $12.4 million or 5.2% from the prior year quarter primarily driven by increases in MS revenue and Quest Integrity revenue, partially offset by decreases in IHT revenue. Revenues were impacted from foreign exchange negatively by $5.0 million and positively by $8.5 million during the three month period ended June 30, 2022 and 2021. IHT revenues decreased by $3.3 million, MS revenue increased by $10.2 million and Quest Integrity revenue increased by $5.5 million. IHT segment’s second quarter revenue decreased 2.8% compared to the prior year quarter, primarily driven by completion of a significant Canadian customer contract during the second quarter in the prior year. The MS segment delivered second quarter revenue growth of 10.5% over the prior year quarter, primarily from increases in the Canada and US markets, and valve business, partially offset by decreases in international due to non-repeating project work in the UK and continued weakness in Europe offsetting growth in Latin America and the Middle East. The 22.6% increase in revenue for Quest Integrity was due to increased demand in core and growth markets across most geographies and $1.3 million in 2021 deferred projects executed in Q2 2022.
Content analysis
?| Positive | ||
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H.S. sophomore Avg
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New words:
adjacent, advisory, analyst, attention, Baker, book, bring, Buyer, carefully, chain, conflict, constitute, consummation, coordinate, cure, deficiency, delist, delisting, demonstration, disaster, divestiture, downstream, drew, East, economy, face, fact, fallen, finite, forfeited, harm, headcount, hereof, hold, implied, lack, land, machinery, Middle, military, outlined, personnel, preferred, proceed, procuring, profile, prompt, pronounced, receipt, recommendation, restore, scaling, SEC, shortened, split, stability, staffing, strength, superseded, suspension, timeline, Unanticipated, unduly, unrestricted, volume, worldwide, write, written
Removed:
abroad, accompanied, administration, assume, Brazilian, broader, calculated, call, casualty, caution, commencing, contingently, continuity, convert, curb, depend, depending, deposit, easing, emerge, escalating, evolving, failed, governance, guaranteed, harbor, inaccurate, institutional, intensity, issuer, landscape, largest, letter, liable, maintained, Malaysian, mature, monthly, obligated, offering, OID, priority, promote, prove, rapidly, redeem, redeemed, redemption, reimburse, reopening, repurchased, Ringgit, rollout, safe, secure, semiannually, Simplifying, Singapore, subsidiary, surrendered, travel, unclear
Current reports
8-K
Team, Inc. Announces Sale of Quest Integrity Business
15 Aug 22
8-K
Team, Inc. Reports Second Quarter 2022 Results
15 Aug 22
8-K
Team, Inc. Receives Continued Listing Notice from Nyse
15 Jul 22
8-K
Entry into a Material Definitive Agreement
30 Jun 22
8-K/A
Submission of Matters to a Vote of Security Holders
17 Jun 22
8-K
Team, Inc. Receives Continued Listing Standard Notice from Nyse
17 Jun 22
8-K
Team, Inc. Names Nelson M. Haight
13 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
6 Jun 22
8-K
Team, Inc. Reports First Quarter 2022 Results
10 May 22
8-K
Regulation FD Disclosure
5 Apr 22
Registration and prospectus
S-3/A
Shelf registration (amended)
23 Mar 22
8-A12B
Registration of securities on exchange
2 Feb 22
424B3
Prospectus supplement
30 Aug 21
S-3
Shelf registration
17 Aug 21
S-8
Registration of securities for employees
17 Aug 21
S-8
Registration of securities for employees
20 Jun 19
S-8
Registration of securities for employees
19 Jun 18
S-8
Registration of securities for employees
17 Dec 17
Other
EFFECT
Notice of effectiveness
13 May 22
CORRESP
Correspondence with SEC
9 May 22
CORRESP
Correspondence with SEC
28 Apr 22
CORRESP
Correspondence with SEC
26 Apr 22
UPLOAD
Letter from SEC
22 Mar 22
CERT
Certification of approval for exchange listing
4 Feb 22
EFFECT
Notice of effectiveness
30 Aug 21
CORRESP
Correspondence with SEC
24 Aug 21
UPLOAD
Letter from SEC
23 Aug 21
SD
Conflict minerals disclosure
31 May 21
Ownership
11-K
Annual report of employee stock purchases
27 Jun 22
4
TEAM / NELSON M HAIGHT ownership change
22 Jun 22
4
TEAM / Keith D Tucker ownership change
22 Jun 22
4
TEAM / Jeffery Gerald Davis ownership change
16 Jun 22
3
TEAM / NELSON M HAIGHT ownership change
14 Jun 22
4
TEAM / Evan S. Lederman ownership change
23 May 22
4
TEAM / Anthony R Horton ownership change
11 Apr 22
4
TEAM / Michael J Caliel ownership change
11 Apr 22
SC 13G/A
TEAM / BlackRock ownership change
8 Apr 22
4
TEAM / Evan S. Lederman ownership change
29 Mar 22
Patents
Utility
Pipe Replacement System
23 Jun 22
A pipe replacement system and for repairing a pipe.
Utility
Header Delivery System
5 May 22
A header delivery system and method for performing a pigging operation on a process tube connected at an angle to a header pipe.
Utility
Modular Leak Repair
31 Mar 22
A modular enclosure system and method for repair of one or more leaks in a pipe.
Utility
System and Method to Detect an Inline Tool In a Pipe
6 Jan 22
A system and method to detecting an inline tool traveling in a pipe.
Utility
Pipe Isolation Device
21 Oct 21
A pipe isolation device and method of using the same.
Transcripts
2021 Q2
Earnings call transcript
8 Aug 21
2021 Q1
Earnings call transcript
9 May 21
2020 Q4
Earnings call transcript
10 Mar 21
2020 Q3
Earnings call transcript
7 Nov 20
2020 Q2
Earnings call transcript
8 Aug 20
2020 Q1
Earnings call transcript
18 Jun 20
2019 Q4
Earnings call transcript
13 Mar 20
2019 Q3
Earnings call transcript
6 Nov 19
2019 Q2
Earnings call transcript
11 Aug 19
2019 Q1
Earnings call transcript
13 May 19
Reddit threads
Daily Discussion Thread - August 16th, 2022
16 Aug 22
💰💰💰Good morning! #premarket #watchlist 08/15 $PSTV -Announces Share Repurchase Program, $HLBZ -insider buyings, $TISI -Reports Second Quarter 2022 Results, $UBX - short squeeze+old news, $RGS -Successfully Renegotiates Debt
15 Aug 22
💰💰💰Good morning! #premarket #watchlist 08/15 $PSTV -Announces Share Repurchase Program, $HLBZ -insider buyings, $TISI -Reports Second Quarter 2022 Results, $UBX - short squeeze+old news, $RGS -Successfully Renegotiates Debt
15 Aug 22
💰💰💰Good morning! #premarket #watchlist 08/15 $PSTV -Announces Share Repurchase Program, $HLBZ -insider buyings, $TISI -Reports Second Quarter 2022 Results, $UBX - short squeeze+old news, $RGS -Successfully Renegotiates Debt
15 Aug 22
Daily Discussion Thread - August 15th, 2022
15 Aug 22
Daily Plays August 15, 2022
15 Aug 22
Daily Discussion Thread - August 9th, 2022
9 Aug 22
Daily Discussion Thread - August 2nd, 2022
2 Aug 22
Daily Discussion Thread - August 1st, 2022
1 Aug 22
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10 Jun 22