Company profile

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

TISI stock data

(
)

Calendar

19 Jun 20
12 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 236.84M 287.81M 290.08M 315.83M
Net income -199.73M -7.23M -7.06M 6.1M
Diluted EPS -6.54 -0.24 -0.23 0.2
Net profit margin -84.33% -2.51% -2.43% 1.93%
Operating income -212.93M 3.22M -1.84M 13M
Net change in cash 8.35M 1.91M -2.48M -2.33M
Cash on hand 20.52M 12.18M 10.27M 12.75M
Cost of revenue 179.35M 203.64M 207.04M 221.23M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 1.16B 1.25B 1.2B 1.2B
Net income -32.42M -63.15M -104.16M -12.68M
Diluted EPS -1.07 -2.1 -2.83 -0.45
Net profit margin -2.79% -5.06% -8.68% -1.06%
Operating income -2.15M -38.96M -115.11M -3.12M
Net change in cash -6.11M -8.26M -19.66M -3.61M
Cash on hand 12.18M 18.29M 26.55M 46.22M
Cost of revenue 835.57M 918.67M 890.21M 868.14M

Financial data from Team earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
18 Mar 20 Gatti Amerino Common Stock Buy Aquire P No 7.38 13,000 95.94K 92,383
15 Mar 20 Gatti Amerino Common Stock Payment of exercise Dispose F No 0 8,685 0 79,383
15 Mar 20 Gatti Amerino Common Stock Grant Aquire A No 0 32,376 0 88,068
15 Mar 20 Ott Jeffrey L Common Stock Payment of exercise Dispose F No 0 5,079 0 355,341
15 Mar 20 Ott Jeffrey L Common Stock Grant Aquire A No 0 16,437 0 360,420
15 Mar 20 Sides Sherri A Common Stock Payment of exercise Dispose F No 0 1,514 0 4,693
15 Mar 20 Sides Sherri A Common Stock Grant Aquire A No 0 5,105 0 6,207
15 Mar 20 Wood Michael R Common Stock Payment of exercise Dispose F No 0 1,068 0 3,370
15 Mar 20 Wood Michael R Common Stock Grant Aquire A No 0 3,599 0 4,438
98.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 119 142 -16.2%
Opened positions 9 15 -40.0%
Closed positions 32 24 +33.3%
Increased positions 42 53 -20.8%
Reduced positions 42 45 -6.7%
13F shares
Current Prev Q Change
Total value 400.1M 1.27B -68.4%
Total shares 30.22M 31.82M -5.0%
Total puts 10.3K 1K +930.0%
Total calls 0 0
Total put/call ratio Infinity Infinity NaN%
Largest owners
Shares Value Change
BLK BlackRock 4.68M $30.45M -2.7%
Vanguard 3.18M $20.68M +0.9%
N Price T Rowe Associates 2.78M $18.07M -0.2%
Dimensional Fund Advisors 2.27M $14.76M -2.6%
Aristotle Capital Boston 2.17M $14.13M -4.3%
GBL Gamco Investors, Inc. Et Al 1.74M $11.29M +2.5%
Ariel Investments 1.51M $9.84M +11.5%
RY Royal Bank of Canada 1.19M $7.76M -9.3%
IVZ Invesco 1.16M $7.52M -1.6%
Victory Capital Management 1.13M $7.36M -12.0%
Largest transactions
Shares Bought/sold Change
Brandywine Global Investment Management 102.92K -283.44K -73.4%
Rutabaga Capital Management 0 -252.16K EXIT
Royce & Associates 302.87K -231.42K -43.3%
Ariel Investments 1.51M +155.98K +11.5%
Victory Capital Management 1.13M -153.71K -12.0%
BLK BlackRock 4.68M -129.27K -2.7%
Pacific Global Investment Management 0 -126.28K EXIT
RY Royal Bank of Canada 1.19M -122.43K -9.3%
Tocqueville Asset Management 0 -120.7K EXIT
Rice Hall James & Associates 0 -108.28K EXIT

Financial report summary

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Competition
MistrasMix 1 LifeMagnite
Risks
  • The economic environment may affect our customers’ demand for our services.
  • Our revenues are heavily dependent on certain industries.
  • We sell our services in highly competitive markets, which places pressure on our profit margins and limits our ability to maintain or increase the market share of our services.
  • Our ongoing investments in new customer markets involve significant risks and could disrupt our current operations and may not produce the long-term benefits that we expect.
  • Public health threats such as the recent outbreak of the novel coronavirus may have a negative effect on our customers and supply chain.
  • we are not able to implement commercially competitive services in a timely manner in response to changes in the market, customer requirements, competitive pressures and technology trends, our business and results of operations could be materially and adversely affected.
  • No assurances can be made that we will be successful in maintaining or renewing our contracts with our customers.
  • No assurances can be made that we will be successful in hiring or retaining members of a skilled technical workforce.
  • The loss or unavailability of any of our executive officers or other key personnel could have a material adverse effect on our business.
  • Unsatisfactory quality of service execution, including safety performance, can affect customer relationships, eliminate or reduce revenue streams from our largest customers, result in higher operating costs and negatively impact our ability to hire and retain a skilled technical workforce.
  • impairments of our goodwill, impairments of our intangible and other long-lived assets, and changes in the estimated useful lives of intangible assets could have a material adverse impact on our results of operations and financial condition.
  • in operating results from expected savings in operating costs from workforce reductions and other cost saving and business improvement initiatives may not be realized in the estimated amounts, may take longer to be realized, or could be realized only for a limited period.
  • Economic, political and other risks associated with international operations could adversely affect our business.
  • Business acquisitions entail risk for investors
  • The price of our outstanding securities may be volatile.
  • Our business may be adversely impacted by work stoppages, staffing shortages and other labor matters.
  • We extend credit to customers for purchases of our services which subjects us to potential credit risk that could, if realized, adversely affect our financial condition, results of operations and cash flows.
  • As a result of our geographically diverse and decentralized operations within the United States and other countries around the world, we are more susceptible to certain risks.
  • are subject to risks associated with indebtedness under our banking credit facility, including the risk of failure to maintain compliance with financial covenants, the risk of being unable to make interest and principal payments when due and the risk of rising interest rates.
  • No assurances can be made that we will be able to renew our Credit Facility, refinance the outstanding balance or otherwise repay our obligations in full prior to maturity on July 7, 2021.
  • accounting method for our convertible debt securities may have a material effect on our reported financial results.
  • Transactions relating to our convertible debt securities may dilute the ownership interest of existing stockholders, or may otherwise depress the price of our common stock.
  • The Company’s operations and information systems, including its employee, customer and financial records, are subject to cybersecurity risks
  • Interruptions in the proper functioning of our information systems could disrupt operations and cause increases in costs and/or decreases in revenues.
  • Fluctuations in our effective tax rate and our tax obligations could adversely affect our financial results.
  • operations and properties are subject to extensive environmental, health and safety regulations.
  • Climate change legislation or regulations restricting emissions of “greenhouse gases” could result in reduced demand for our services and products.
  • The United Kingdom’s (the “U.K.”) departure from the European Union (the “EU”) could adversely affect us.
  • We are subject to privacy and data security/protection laws in the jurisdictions in which we operate and may be exposed to substantial costs and liabilities associated with such laws and regulations.
  • The Company’s insurance coverage will not fully indemnify us against certain claims or losses. Further, the Company’s insurance has limits and exclusions and not all losses or claims are insured.
  • We are involved and are likely to continue to be involved in legal proceedings, which will increase our costs and, if adversely determined, could have a material effect on our results of operations, financial position or cash flows.
Management Discussion
  • Revenues. The decrease in overall revenues is primarily attributable to lower revenues within the IHT and MS segments reflecting decreased activity levels, partially offset by an increase in revenues within Quest Integrity reflecting higher activity levels. Total revenues decreased $32.8 million or 12.2% from the prior year quarter. Excluding the unfavorable impact of $1.6 million due to foreign currency exchange rate changes, total revenues decreased by $31.2 million, IHT revenues decreased by $18.9 million, MS revenues decreased by $16.2 million and Quest Integrity revenues increased by $3.9 million. The unfavorable impacts of foreign exchange rate changes are primarily due to the strengthening of the U.S. dollar relative to the Brazilian Real, the Euro, the Canadian Dollar and the Australian dollar this quarter. Within Quest Integrity, the increase in revenue is primarily the result of higher demand for Quest Integrity’s proprietary services and tools. Decreased activity levels in IHT and MS were due to volumes being negatively impacted by weather disruptions and lower non-recurring projects during the start of the current year quarter. Towards the latter part of the current year quarter, the outbreak of COVID-19 and decline in oil prices resulted in certain clients temporarily closing facilities and/or curtailing operations, resulting in the postponement of client projects and lower demand for our services. Within the oil and gas industry, we expect refining utilization rates to further decline in the second quarter of 2020 and then gradually recover through the second half of the year. Without the COVID-19 pandemic effects, we would typically benefit for a period of 12 to 18 months following a refining utilization rate drop, however, current market dynamics have delayed the demand growth for our products and services.
Content analysis ?
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Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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