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Team (TISI)

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
CEO
Amerino Gatti
Employees
Incorporated
Location
Fiscal year end
SEC CIK
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

Calendar

15 Aug 22
19 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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
60.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 55 75 -26.7%
Opened positions 6 11 -45.5%
Closed positions 26 23 +13.0%
Increased positions 11 12 -8.3%
Reduced positions 26 34 -23.5%
13F shares Current Prev Q Change
Total value 23.14M 70.96M -67.4%
Total shares 26.2M 29.41M -10.9%
Total puts 0 61.5K EXIT
Total calls 15K 79.8K -81.2%
Total put/call ratio 0.8
Largest owners Shares Value Change
Corre Partners Management 14.55M $10.81M 0.0%
Gasc Apf 3.4M $3.71M 0.0%
Owl Creek Asset Management 1.45M $1.08M -27.6%
Vanguard 1.17M $866K -8.7%
GBL Gamco Investors 1.16M $860K -1.4%
BLK Blackrock 568.78K $423K -69.5%
Littlejohn & Co 554.8K $412K -7.1%
Marshall Wace 511.98K $376K -14.1%
Millennium Management 456.69K $339K +672.0%
Geode Capital Management 312.43K $232K -48.3%
Largest transactions Shares Bought/sold Change
BLK Blackrock 568.78K -1.29M -69.5%
Owl Creek Asset Management 1.45M -552.84K -27.6%
STT State Street 128.59K -522.53K -80.3%
Millennium Management 456.69K +397.54K +672.0%
Geode Capital Management 312.43K -291.53K -48.3%
Susquehanna Fundamental Investments 0 -154.12K EXIT
Renaissance Technologies 251.97K -148.74K -37.1%
Dimensional Fund Advisors 168.06K -127.27K -43.1%
Bridgeway Capital Management 153.8K -115.1K -42.8%
Vanguard 1.17M -110.5K -8.7%

Financial report summary

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Competition
MistrasMagnite
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

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Constraining
Legalese
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Readability
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