Team  narrows FY24 revenue view to $845M-$860M  from previous 850M-$900M
The Fly

Team narrows FY24 revenue view to $845M-$860M from previous 850M-$900M

Sees FY24 adjusted EBITDA of between $53M and $55M ; previously saw $58M-$68M…”Looking ahead to the fourth quarter, we see healthy activity levels across both segments and improved Adjusted EBITDA margin performance versus the 2023 period. Turning to 2025, based upon the early success of our commercial initiatives, continued cost discipline and anticipated improvement in our Canadian and other international operations, we expect top line growth in the low to mid-single digits and continued progress towards our targeted Adjusted EBITDA margin of at least 10%. Finally, this management team (TISI) is committed to strengthening our financial performance and growing shareholder value by leveraging our unparalleled technical capabilities, operational excellence and safety culture,” concluded Tucker.

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