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TISI Team

Team, Inc. engages in the provision of specialty industrial services. It operates through the following segments: Inspection and Heat Treating Group (IHT); Mechanical Services Group (MS); and Quest Integrity Group (Quest Integrity). The IHT segment offers standard and advanced non-destructive testing (NDT) services for the process, pipeline and power sectors, pipeline integrity management services, field heat treating services, as well as associated engineering and assessment services. The MS segment covers call-out and turnaround services under both on-stream and off-line/shut down circumstances. The Quest Integrity segment focuses on integrity and reliability management solutions for the process, pipeline and power sectors. The company was founded in 1973 and is headquartered in Sugar Land, TX.

Company profile

Ticker
TISI
Exchange
CEO
Amerino Gatti
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
741765729

TISI stock data

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Calendar

7 May 21
3 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Team earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 22.34M 22.34M 22.34M 22.34M 22.34M 22.34M
Cash burn (monthly) 747.33K (positive/no burn) 11.55M 5.53M 5.73M (positive/no burn)
Cash used (since last report) 3.09M n/a 47.73M 22.86M 23.67M n/a
Cash remaining 19.26M n/a -25.39M -519.61K -1.33M n/a
Runway (months of cash) 25.8 n/a -2.2 -0.1 -0.2 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 May 21 Michael Allan Lucas Common Stock Grant Aquire A No No 8.12 10,776 87.5K 34,352
13 May 21 Jeffery Gerald Davis Common Stock Grant Aquire A No No 8.12 10,776 87.5K 48,490
13 May 21 Louis A Waters Common Stock Grant Aquire A No No 8.12 10,776 87.5K 250,172
13 May 21 Sylvia J Kerrigan Common Stock Grant Aquire A No No 8.12 10,776 87.5K 32,571
13 May 21 Craig L Martin Common Stock Grant Aquire A No No 8.12 10,776 87.5K 47,092

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 119 123 -3.3%
Opened positions 12 24 -50.0%
Closed positions 16 14 +14.3%
Increased positions 35 33 +6.1%
Reduced positions 53 47 +12.8%
13F shares
Current Prev Q Change
Total value 576.96M 490.98M +17.5%
Total shares 33.38M 35.32M -5.5%
Total puts 0 0
Total calls 2.76M 1.4M +96.7%
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 5.12M $59.05M +8.7%
Gasc Apf 3.58M $39.41M 0.0%
Iron Park Capital Partners 3.58M $39.41M 0.0%
Aristotle Capital Boston 2.42M $27.96M -3.3%
Ariel Investments 2.27M $26.19M +6.9%
Vanguard 1.92M $22.1M +1.7%
GBL Gamco Investors 1.51M $17.42M -10.5%
Dimensional Fund Advisors 1.46M $16.82M -4.3%
RY Royal Bank Of Canada 1.22M $14.08M -3.4%
STT State Street 986.57K $11.38M +4.2%
Largest transactions
Shares Bought/sold Change
Corre Partners Management 0 -2.13M EXIT
Mirae Asset Global Investments 558.2K +429.04K +332.2%
BLK Blackrock 5.12M +410.89K +8.7%
Owl Creek Asset Management 297.9K -296.51K -49.9%
Charles Schwab Investment Management 206.84K -294.95K -58.8%
GBL Gamco Investors 1.51M -176.8K -10.5%
Bluefin Capital Management 183.11K +168.09K +1119.1%
TFC Truist Financial 314.19K +147.31K +88.3%
Ariel Investments 2.27M +147.28K +6.9%
FMR 449.92K +101.45K +29.1%

Financial report summary

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Competition
MistrasMagnite
Management Discussion
  • 1    NM - Not meaningful.
  • Revenues. Total revenues decreased $42.2 million or 17.8% from the prior year quarter. Excluding the favorable impact of $3.4 million due to foreign currency exchange rate changes, total revenues decreased by $45.6 million, IHT revenues decreased by $17.6 million, MS revenues decreased by $19.3 million and Quest Integrity revenues decreased by $8.7 million. Decreased revenue for IHT, MS and Quest Integrity were due to activity levels being negatively impacted by the COVID-19 pandemic, which began impacting our operations in March 2020. Additionally, TEAM’s Midwest and Gulf Coast operations were negatively impacted by a winter storm that resulted in large scale power outages and temporary refining and petrochemical plant closures during the quarter, resulting in lower demand for our services. Within the oil and gas industry, we expect refining utilization rates to continue to increase as the outlook for global petroleum demand improves. The favorable impacts of foreign exchange rate changes are primarily due to the weakening of the U.S. dollar relative to the foreign currencies to which we have exposure during the current year quarter.
  • Operating loss. Overall operating loss was $24.3 million in the current year quarter compared to an operating loss of $212.9 million in the prior year quarter. The overall decrease in operating loss is attributable to IHT which experienced an increase in operating income of $192.5 million due to a non-cash goodwill impairment charge recorded during the first quarter of 2020, arising from the impacts of the COVID-19 pandemic. Additionally, operating loss for the period was impacted by a decrease in corporate and shared services expenses of $3.4 million partially offset by decreases in operating income in MS and Quest Integrity of $0.9 million and $6.4 million, respectively. The decline in corporate and shared support service expenses was driven primarily by lower payroll and non-cash compensation expenses, partially offset by an increase in severance costs.
Content analysis
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Positive
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Readability
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