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
()
Press releases
Sidoti Virtual Investor Conference
23 Mar 21
Team, Inc. to Present at Sidoti Spring 2021 Virtual Investor Conference
17 Mar 21
Team, Inc. To Participate In Scotia Howard Weil 49th Annual Energy Conference
16 Mar 21
Team, Inc. To Participate In Simmons Energy 21st Annual Energy Conference
15 Mar 21
Team, Inc. to Host Earnings Call
10 Mar 21
Calendar
11 Mar 21
21 Apr 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
---|---|---|---|---|---|
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Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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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) | 24.59M | 24.59M | 24.59M | 24.59M | 24.59M | 24.59M |
Cash burn (monthly) | (positive/no burn) | (positive/no burn) | 4.59M | 20.99M | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | n/a | n/a | 17M | 77.72M | n/a | n/a |
Cash remaining | n/a | n/a | 7.58M | -53.13M | n/a | n/a |
Runway (months of cash) | n/a | n/a | 1.7 | -2.5 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 21 | James Chadwick Murray | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 302 | 0 | 716 |
15 Mar 21 | James Chadwick Murray | Common Stock | Grant | Aquire A | No | No | 0 | 1,018 | 0 | 1,018 |
15 Mar 21 | Sides Sherri A | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 322 | 0 | 7,748 |
15 Mar 21 | Sides Sherri A | Common Stock | Grant | Aquire A | No | No | 0 | 1,086 | 0 | 8,070 |
15 Mar 21 | Bouchard Andre C | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 504 | 0 | 59,328 |
15 Mar 21 | Bouchard Andre C | Common Stock | Grant | Aquire A | No | No | 0 | 1,697 | 0 | 59,832 |
15 Mar 21 | Robert James Young III | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 302 | 0 | 7,463 |
15 Mar 21 | Robert James Young III | Common Stock | Grant | Aquire A | No | No | 0 | 1,018 | 0 | 7,765 |
15 Mar 21 | Susan M. Ball | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 725 | 0 | 16,924 |
15 Mar 21 | Susan M. Ball | Common Stock | Grant | Aquire A | No | No | 0 | 2,443 | 0 | 17,649 |
Institutional ownership Q4 2020
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 | 123 |
Opened positions | 24 |
Closed positions | 14 |
Increased positions | 33 |
Reduced positions | 47 |
13F shares |
Current |
---|---|
Total value | 490.98M |
Total shares | 35.32M |
Total puts | 0 |
Total calls | 1.4M |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
BLK Blackrock | 4.71M | $51.35M |
Gasc Apf | 3.58M | $39.41M |
Iron Park Capital Partners | 3.58M | $39.41M |
Aristotle Capital Boston | 2.51M | $27.33M |
Corre Partners Management | 2.13M | $23.23M |
Ariel Investments | 2.12M | $23.16M |
Vanguard | 1.89M | $20.55M |
GBL Gamco Investors | 1.69M | $18.4M |
Dimensional Fund Advisors | 1.52M | $16.61M |
RY Royal Bank Of Canada | 1.26M | $13.78M |
Financial report summary
?Management Discussion
- 1 Includes goodwill impairment charge of $191.8 million for the twelve months ended December 31, 2020.
- 2 NM - Not meaningful.
- Revenues. Total revenues declined $310.8 million or 26.7% from the same period in the prior year. Excluding the unfavorable impact of $2.3 million due to foreign currency exchange rate changes, total revenues decreased by $308.5 million, IHT revenues decreased by $137.9 million, MS revenues decreased by $141.5 million and Quest Integrity revenues decreased by $29.1 million. Decreased activity levels in IHT, MS and Quest Integrity were primarily due to volumes being negatively impacted by the outbreak of COVID-19 and the oversupplied oil market causing certain clients to temporarily close facilities and/or curtail 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 gradually recover through 2021. 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. The unfavorable impacts of foreign exchange rate changes are primarily due to the strengthening of the U.S. dollar relative to the foreign currencies to which we have exposure during this period.
Content analysis
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Positive | ||
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Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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Financial reports
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
NT 10-K
Notice of late annual filing
19 Mar 19
Current reports
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
8-K
Team, Inc. Reports Third Quarter 2020 Results
4 Nov 20
8-K
Team, Inc. Reports Second Quarter 2020 Results
4 Aug 20
8-K
Regulation FD Disclosure
30 Jun 20
8-K
Other Events
28 Jun 20
8-K
Results of Operations and Financial Condition
18 Jun 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
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
SD
Conflict minerals disclosure
29 May 17
Ownership
4
TEAM / Keith D Tucker ownership change
17 Mar 21
4
TEAM / Amerino Gatti ownership change
17 Mar 21
4
TEAM / Robert James Young III ownership change
17 Mar 21
4
TEAM / Susan M. Ball ownership change
17 Mar 21
4
TEAM / Andre C Bouchard ownership change
17 Mar 21
4
TEAM / Sherri A Sides ownership change
17 Mar 21
4
TEAM / James Chadwick Murray ownership change
17 Mar 21
SC 13G
TEAM / Iron Park Capital Partners ownership change
16 Feb 21
3
Initial statement of insider ownership
16 Feb 21
SC 13G
TEAM / GASC APF ownership change
16 Feb 21
Transcripts
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
2018 Q3
Earnings call transcript
11 Nov 18
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