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Team Inc. (TISI)
NYSE:TISI
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-5.25Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: -25.16%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a cautiously optimistic outlook with several key achievements, such as improved EBITDA, positive cash flow, and significant cost reductions, particularly in U.S. operations. However, challenges remain in Canadian operations and other areas, leading to a revision in full-year guidance. The sentiment reflects a balanced view with expectations of continued improvement.Company Guidance
During the Q3 2024 earnings call for Team, Inc., management provided guidance indicating a revised full-year revenue range between $845 million and $860 million, with a gross margin expected to be between $220 million and $228 million. Adjusted EBITDA is projected to be between $53 million and $55 million. The company demonstrated a 2% year-over-year revenue increase, driven by a 6% growth in its U.S. segments, despite some challenges in Canadian operations. They reported a consolidated net loss reduction to $11.1 million compared to the previous year. Management highlighted an adjusted EBITDA of $11.3 million for Q3 and $40 million through the first nine months of 2024, marking a 21% improvement over the same period in 2023. They also achieved a positive free cash flow of $3.9 million, driven by improved financial performance and cost management. Looking ahead to 2025, Team, Inc. anticipates low to mid-single-digit revenue growth and further progress toward a targeted adjusted EBITDA margin of at least 10%, driven by commercial initiatives and cost discipline.Positive Free Cash Flow and Revenue Growth
The company generated positive free cash flow of $3.9 million and achieved a 2% increase in revenue compared to Q3 2023, driven by a 6% increase in U.S. Inspection and Heat Treating and Mechanical Services segments.
Improved Adjusted EBITDA
Adjusted EBITDA for the third quarter was $11.3 million, with a 21% improvement over the first 9 months of 2023, totaling nearly $40 million.
Significant Margin and Cost Reductions
Selling, general, and administrative expenses were reduced by nearly $4 million year-over-year, with adjusted expenses down 30 basis points to 21.7% of revenue.
Strong Performance in U.S. Operations
The U.S. operations drove strong performance with a 41% increase in heat treating revenue and a 32% increase in aerospace revenue in the third quarter.
Strategic Financial Improvements
The company successfully amended its ABL credit facility, improving accessibility and pricing, which strengthened the balance sheet.
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TISI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TISI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $21.38 | $15.37 | -28.11% |
| Aug 08, 2024 | $9.30 | $9.42 | +1.29% |
| May 14, 2024 | $6.76 | $7.80 | +15.38% |
| Mar 07, 2024 | $6.65 | $6.47 | -2.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Team Inc. (TISI) report earnings?
Team Inc. (TISI) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Team Inc. (TISI) earnings time?
Team Inc. (TISI) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TISI EPS forecast?
Currently, no data Available
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