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
Website
CEO
Amerino Gatti
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
741765729
TISI stock data
()
News
Team, Inc. Announces Commercialization Of New SmartStop Isolation Technology
3 Aug 21
Earnings Scheduled For August 3, 2021
3 Aug 21
Team, Inc. Becomes The Exclusive Provider Of Credosoft Integrity Mangement In North America
2 Aug 21
How Does Team's Debt Look?
30 Jul 21
11 Industrials Stocks Moving In Monday's Intraday Session
12 Jul 21
Press releases
Team, Inc. Reports Second Quarter 2021 Results
3 Aug 21
Team, Inc. Announces Commercialization Of New SmartStop™ Isolation Technology
3 Aug 21
Team, Inc. Becomes The Exclusive Provider Of Credosoft Integrity Mangement In North America
2 Aug 21
Team, Inc. Schedules Second Quarter 2021 Earnings Conference Call for Wednesday, August 4, 2021 at 10:00 a.m. Eastern Time
29 Jul 21
Team, Inc. To Participate In The CJS Securities 21st Annual New Ideas Summer Conference
7 Jul 21
Calendar
7 May 21
3 Aug 21
31 Dec 21
Financial summary
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Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
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Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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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 |
Recent insider trades
| 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 |
Institutional ownership Q1 2021
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 |
|---|---|
| Total holders | 119 |
| Opened positions | 12 |
| Closed positions | 16 |
| Increased positions | 35 |
| Reduced positions | 53 |
13F shares |
Current |
|---|---|
| Total value | 576.96M |
| Total shares | 33.38M |
| Total puts | 0 |
| Total calls | 2.76M |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| BLK Blackrock | 5.12M | $59.05M |
| Gasc Apf | 3.58M | $39.41M |
| Iron Park Capital Partners | 3.58M | $39.41M |
| Aristotle Capital Boston | 2.42M | $27.96M |
| Ariel Investments | 2.27M | $26.19M |
| Vanguard | 1.92M | $22.1M |
| GBL Gamco Investors | 1.51M | $17.42M |
| Dimensional Fund Advisors | 1.46M | $16.82M |
| RY Royal Bank Of Canada | 1.22M | $14.08M |
| STT State Street | 986.57K | $11.38M |
Financial report summary
?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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| Legalese | ||
| Litigous | ||
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H.S. sophomore Avg
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New words:
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Financial reports
10-Q
2021 Q1
Quarterly report
7 May 21
10-K
2020 FY
Annual report
11 Mar 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
19 Jun 20
10-K
2019 FY
Annual report
16 Mar 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K
2018 FY
Annual report
19 Mar 19
Current reports
8-K
Other Events
21 Jun 21
8-K
Submission of Matters to a Vote of Security Holders
17 May 21
8-K
Departure of Directors or Certain Officers
14 May 21
8-K/A
Departure of Directors or Certain Officers
10 May 21
8-K
Team, Inc. Reports First Quarter 2021 Results
4 May 21
8-K
Team, Inc. Reports Fourth Quarter
9 Mar 21
8-K/A
Departure of Directors or Certain Officers
4 Feb 21
8-K
Team, Inc. Announces Strategic Organizational Structure to Accelerate Global Growth
15 Jan 21
8-K
Team, Inc. Announces Refinancing of New Capital Structure
21 Dec 20
8-K
Departure of Directors or Certain Officers
10 Nov 20
Registration and prospectus
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
424B5
Prospectus supplement for primary offering
27 Nov 16
S-3ASR
Automatic shelf registration
10 Oct 16
S-8
Registration of securities for employees
19 May 16
S-8
Registration of securities for employees
29 Feb 16
424B3
Prospectus supplement
18 Jan 16
S-4/A
Registration of securities issued in business combination transactions (amended)
18 Jan 16
425
Business combination disclosure
12 Jan 16
Proxies
DEF 14A
Definitive proxy
9 Apr 21
DEFA14A
Additional proxy soliciting materials
9 Apr 20
DEF 14A
Definitive proxy
9 Apr 20
DEF 14A
Definitive proxy
11 Apr 19
DEF 14A
Definitive proxy
11 Apr 18
PRE 14A
Preliminary proxy
26 Mar 18
DEF 14A
Definitive proxy
11 Apr 17
DEF 14A
Definitive proxy
11 Apr 16
DEF 14A
Definitive proxy
20 Aug 15
DEF 14A
Definitive proxy
21 Aug 14
Other
SD
Conflict minerals disclosure
31 May 21
UPLOAD
Letter from SEC
9 Sep 20
CORRESP
Correspondence with SEC
7 Sep 20
UPLOAD
Letter from SEC
28 Jul 20
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
30 May 19
SD
Conflict minerals disclosure
31 May 18
UPLOAD
Letter from SEC
15 Aug 17
CORRESP
Correspondence with SEC
9 Aug 17
UPLOAD
Letter from SEC
31 Jul 17
Ownership
11-K
Annual report of employee stock purchases
29 Jun 21
4
TEAM / Craig L Martin ownership change
17 May 21
4
TEAM / ROBERT C SKAGGS JR ownership change
17 May 21
4
TEAM / Gary G Yesavage ownership change
17 May 21
4
TEAM / BRIAN K FERRAIOLI ownership change
17 May 21
4
TEAM / Jeffery Gerald Davis ownership change
17 May 21
4
TEAM / LOUIS A WATERS ownership change
17 May 21
4
TEAM / Sylvia J Kerrigan ownership change
17 May 21
4
TEAM / MICHAEL ALLAN LUCAS ownership change
17 May 21
4
TEAM / Amerino Gatti ownership change
14 May 21
Patents
APP
Utility
System and Method of Cleaning Fired Heater Coils
15 Jul 21
A system and method for cleaning coils in a fired heater is provided.
GRANT
Utility
Curbing machine with hopper dasher and eliptical compaction
5 Oct 20
A concrete curb forming and extruding apparatus with wheel adjustment locks, and an adjustable slip form system shaping cementitious material into a continuous curb forced there through by an extruder which receives materials stored in a hopper with dasher.
Transcripts
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
2018 Q4
Earnings call transcript
13 Mar 19
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