Recent Insider Transactions • Jun 03
Chief Executive Officer recently bought US$100k worth of stock On the 1st of June, Gary Hill bought around 6k shares on-market at roughly US$16.00 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$193k. Gary has been a buyer over the last 12 months, purchasing a net total of US$194k worth in shares. Recent Insider Transactions • May 22
Chief Executive Officer recently bought US$94k worth of stock On the 20th of May, Gary Hill bought around 6k shares on-market at roughly US$16.22 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$193k. This was Gary's only on-market trade for the last 12 months. Annonce • May 15
Team, Inc. Provides Earnings Guidance for the Fiscal Year 2026 Team, Inc. provided earnings guidance for the fiscal year 2026. For the year, the expected total Company Revenue of $920 million to $945 million, an increase of approximately 4% at the midpoint of guidance compared to 2025. Reported Earnings • May 14
First quarter 2026 earnings released: US$3.12 loss per share (vs US$6.61 loss in 1Q 2025) First quarter 2026 results: US$3.12 loss per share (improved from US$6.61 loss in 1Q 2025). Revenue: US$215.1m (up 8.3% from 1Q 2025). Net loss: US$14.2m (loss narrowed 52% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 11
Team, Inc. to Report Q1, 2026 Results on May 13, 2026 Team, Inc. announced that they will report Q1, 2026 results After-Market on May 13, 2026 Recent Insider Transactions • Apr 07
Lead Independent Director recently bought US$193k worth of stock On the 30th of March, Anthony Horton bought around 13k shares on-market at roughly US$14.84 per share. This transaction increased Anthony's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$321k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 26
Independent Director recently bought US$80k worth of stock On the 24th of March, Edward Stenger bought around 5k shares on-market at roughly US$16.00 per share. This transaction amounted to 51% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$112k more in shares than they have sold in the last 12 months. Annonce • Mar 25
Team, Inc., Annual General Meeting, May 20, 2026 Team, Inc., Annual General Meeting, May 20, 2026. Location: 3131 dairy ashford, suite 600,texas 77478, sugar land, United States Reported Earnings • Mar 13
Full year 2025 earnings released: US$10.93 loss per share (vs US$8.64 loss in FY 2024) Full year 2025 results: US$10.93 loss per share (further deteriorated from US$8.64 loss in FY 2024). Revenue: US$896.5m (up 5.2% from FY 2024). Net loss: US$49.2m (loss widened 29% from FY 2024). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Annonce • Mar 12
Team, Inc. to Report Q4, 2025 Results on Mar 12, 2026 Team, Inc. announced that they will report Q4, 2025 results After-Market on Mar 12, 2026 Annonce • Jan 27
Team, Inc. Announces Chief Executive Officer Changes On January 26, 2026, Team, Inc. announced that Keith Tucker will depart from his role as Chief Executive Officer of the Company, effective as of January 31, 2026, after over 20 years of service. In conjunction with this planned leadership transition, TEAM’s Board of Directors has appointed Gary Hill, age 60, as the Company’s Chief Executive Officer effective February 1, 2026 to lead the Company in its continued focus on driving accelerated growth and margin improvements. Mr. Hill brings over 30 years of experience in the industrial services sector, most recently serving as Chief Operating Officer of Shermco Industries, a leading provider of electrical maintenance, testing, engineering and repair services for critical electrical infrastructure. Prior to that role, he served as President and Chief Operating Officer at AIS Holdings Company LLC, a joint venture between AZZ Inc. and Fernweh Group providing various industrial services and equipment to the power generation, transmission, oil and gas and industrial markets. He also held various senior leadership roles at AZZ Inc., including Chief Operating Officer, where he helped drive significant revenue and margin growth. Earlier in his career, Mr. Hill held numerous operational, commercial and marketing management positions at Aquilex LLC, Crane Company and Westinghouse, after beginning his career as an engineer at MOVATS. Recent Insider Transactions • Nov 21
Lead Independent Director recently bought US$63k worth of stock On the 17th of November, Anthony Horton bought around 4k shares on-market at roughly US$15.68 per share. This transaction amounted to 79% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$41k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 14
Third quarter 2025 earnings released: US$2.54 loss per share (vs US$2.52 loss in 3Q 2024) Third quarter 2025 results: US$2.54 loss per share (further deteriorated from US$2.52 loss in 3Q 2024). Revenue: US$225.0m (up 6.7% from 3Q 2024). Net loss: US$11.4m (loss widened 2.9% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Annonce • Nov 13
Team, Inc. Provides Earnings Guidance for the Full Year 2025 Team, Inc. provided earnings guidance for the full year 2025. For the year, the company expects a year-over-year increase in revenue of approximately 5%. Recent Insider Transactions Derivative • Nov 11
Executive VP & CFO exercised options and sold US$111k worth of stock On the 6th of November, Nelson Haight exercised options to acquire 7k shares at no cost and sold these for an average price of US$15.86 per share. This trade did not impact their existing holding. Since June 2025, Nelson has owned 30.53k shares directly. Company insiders have collectively sold US$117k more than they bought, via options and on-market transactions in the last 12 months. Annonce • Nov 11
Team, Inc. to Report Q3, 2025 Results on Nov 12, 2025 Team, Inc. announced that they will report Q3, 2025 results After-Market on Nov 12, 2025 Annonce • Oct 27
Team, Inc. Announces Changes to Its Board of Directors Team, Inc. announced the following changes to the Board of Directors of the Company (the “Board”):K. Niclas Ytterdahl and Michael D. Stewart, both nominated by Stellex Capital Management (“Stellex”) pursuant to the agreements entered into with Stellex Capital as part of their September investment in the Company, have been appointed to the Board effective October 24, 2025.Jeffery G. Davis will step down from the Board effective December 31, 2025.Michael J. Caliel has returned to the role of Chairman of the Board effective October 24, 2025, relinquishing his position as Executive Chairman. Immediately following these changes, the Company’s Board will consist of nine members, decreasing to eight following Mr. Davis’s planned departure at the end of 2025. Mr. Ytterdahl was Executive Chairman and COO of Industrial Service Solutions, a leading provider of industrial services for critical process equipment, from 2020 to 2023. From 2014 to 2019, Mr. Ytterdahl served as CEO and President of Dover Vehicle Service Group, a segment of Dover Corporation that manufactures vehicle service equipment. He was also Senior Vice President of Dover Corporation from 2012 to 2014. Previously, he was Chief Procurement Officer at AES Corporation from 2006 to 2011 and held senior roles at Fisher Scientific, now part of Thermo Fisher Scientific, from 2000 to 2006. Mr. Ytterdahl started his career at management consulting firms A.T. Kearney and Accenture. Mr. Ytterdahl currently serves on the boards of several privately held companies and previously served on the board of Mueller Water Products, Inc., an NYSE-listed company.Mr. Stewart is a founder and Managing Partner of Stellex. Prior to establishing Stellex in 2014, Mr. Stewart was a Partner at The Carlyle Group and a Managing Director and Co-Head of Carlyle Strategic Partners. Earlier in his career, Mr. Stewart was one of the original principals of Sunrise Capital Partners, L.P. and he worked in the Financial Restructuring Group at Houlihan Lokey. Mr. Stewart currently serves on the boards of several privately held companies. Annonce • Sep 12
Team, Inc. announced that it has received $75 million in funding from Stellex Capital Management LLC Team, Inc. announced a private placement to issue 10.5% Series B Preferred Stock for the proceeds of $75 million along with warrants on September 11, 2025. The transaction involves participation of Stellex Capital Management LLC as an investor. Company will issue 982,371 Tranche A Warrants with an exercise price of $23.00 per share and 470,889 Tranche B Warrants with an exercise price of $50.00 per share. In connection with the Transaction, Stellex will have the right to nominate two members to the Company’s Board of Directors. Reported Earnings • Aug 13
Second quarter 2025 earnings released: US$0.95 loss per share (vs US$0.63 loss in 2Q 2024) Second quarter 2025 results: US$0.95 loss per share (further deteriorated from US$0.63 loss in 2Q 2024). Revenue: US$248.0m (up 8.5% from 2Q 2024). Net loss: US$4.27m (loss widened 54% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annonce • Aug 07
Team, Inc. to Report Q2, 2025 Results on Aug 12, 2025 Team, Inc. announced that they will report Q2, 2025 results After-Market on Aug 12, 2025 Annonce • Jul 25
Team, Inc. Announces Promotion of Daniel Dolson as Executive Vice President, Chief Strategy and Transformation Officer Team, Inc. announced the promotion of Daniel Dolson to Executive Vice President, Chief Strategy and Transformation Officer to lead the Company’s transformation efforts to achieve certain financial and operational targets set by the Board of Directors of the Company.Mr. Dolson has significant operational and financial experience over his 25-plus year career to lead this transformation effort. Prior to joining TEAM in October 2024, he was an Executive Vice President with Dayton Superior Corporation where he successfully led commercial efforts to improve margins and operating EBITDA. Earlier in his career, he led efforts to improve earnings at Associated Materials LLC in his role as Vice President – Operations Controller. Mr. Dolson received a BA in Accounting from Kent State University and began his career as a CPA with Arthur Andersen LLP. While continuing to report to Mr. Tucker in this new role, Mr. Dolson will also provide regular periodic reports to the Board of Directors of the Company on the progress of the Company’s transformation efforts. Reported Earnings • May 14
First quarter 2025 earnings released: US$6.61 loss per share (vs US$3.90 loss in 1Q 2024) First quarter 2025 results: US$6.61 loss per share (further deteriorated from US$3.90 loss in 1Q 2024). Revenue: US$198.7m (flat on 1Q 2024). Net loss: US$29.7m (loss widened 73% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Annonce • May 09
Team, Inc. to Report Q1, 2025 Results on May 12, 2025 Team, Inc. announced that they will report Q1, 2025 results After-Market on May 12, 2025 Annonce • Apr 17
Team, Inc., Annual General Meeting, Jun 18, 2025 Team, Inc., Annual General Meeting, Jun 18, 2025. Location: 13131 dairy ashford, suite 600, texas 77478., sugar land United States Reported Earnings • Mar 20
Full year 2024 earnings released: US$8.64 loss per share (vs US$17.32 loss in FY 2023) Full year 2024 results: US$8.64 loss per share (improved from US$17.32 loss in FY 2023). Revenue: US$852.3m (down 1.2% from FY 2023). Net loss: US$38.3m (loss narrowed 50% from FY 2023). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annonce • Mar 18
Team, Inc. to Report Q4, 2024 Results on Mar 19, 2025 Team, Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Mar 19, 2025 Board Change • Mar 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Pam Mcginnis was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Jan 13
Team, Inc. Announces Resignation of André C. Bouchard as Executive Vice President, Administration, Chief Legal Officer and Secretary, Effective January 18, 2025 On January 6, 2025, André C. Bouchard, Executive Vice President, Administration, Chief Legal Officer and Secretary of Team, Inc. provided notice of his decision to resign from his positions with the Company, effective January 18, 2025 . Mr. Bouchard’s resignation was a personal decision to pursue another opportunity and was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. New Risk • Nov 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (US$71.8m market cap). Annonce • Nov 12
Team, Inc. Updates Earnings Guidance for the Fiscal Year 2024 Team, Inc. updated earnings guidance for the fiscal year 2024. For the year, the company expects total revenue of $845 million to $860 million as compared to previous guidance of $850 million to $900 million. Reported Earnings • Nov 12
Third quarter 2024 earnings released: US$2.52 loss per share (vs US$2.78 loss in 3Q 2023) Third quarter 2024 results: US$2.52 loss per share (improved from US$2.78 loss in 3Q 2023). Revenue: US$210.8m (up 2.0% from 3Q 2023). Net loss: US$11.1m (loss narrowed 8.3% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Nov 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risk Market cap is less than US$100m (US$81.2m market cap). Annonce • Nov 07
Team, Inc. to Report Q3, 2024 Results on Nov 11, 2024 Team, Inc. announced that they will report Q3, 2024 results After-Market on Nov 11, 2024 New Risk • Sep 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$65.1m market cap). Reported Earnings • Aug 09
Second quarter 2024 earnings released: US$0.63 loss per share (vs US$3.61 loss in 2Q 2023) Second quarter 2024 results: US$0.63 loss per share (improved from US$3.61 loss in 2Q 2023). Revenue: US$228.6m (down 4.5% from 2Q 2023). Net loss: US$2.76m (loss narrowed 83% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Annonce • Aug 07
Team, Inc. to Report Q2, 2024 Results on Aug 08, 2024 Team, Inc. announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Reported Earnings • May 16
First quarter 2024 earnings released: US$3.90 loss per share (vs US$5.69 loss in 1Q 2023) First quarter 2024 results: US$3.90 loss per share (improved from US$5.69 loss in 1Q 2023). Revenue: US$199.6m (down 1.3% from 1Q 2023). Net loss: US$17.2m (loss narrowed 30% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. Annonce • May 16
Team, Inc. Provides Earnings Guidance for the Year 2024 Team, Inc. provided earnings guidance for the year 2024. For the year, the company expects total company revenue of $850 million to $900 million. Annonce • Apr 11
Team, Inc., Annual General Meeting, May 22, 2024 Team, Inc., Annual General Meeting, May 22, 2024, at 15:00 Central Standard Time. Location: 13131 Dairy Ashford, Suite 600, Sugar Land Texas United States Agenda: To consider election of directors; to consider advisory vote on named executive officer compensation; to consider approval of the second amendment and restatement of the Team, Inc. 2018 equity incentive plan; to consider ratification of the appointment of KPMG LLP as the company’s independent registered public accounting firm for fiscal year ending December 31, 2024; and to consider such other business as may properly come before the meeting, or any adjournment or postponement of the meeting. Annonce • Apr 09
Team, Inc. Appoints Pamela J. Mcginnis to Its Board of Directors Team, Inc. announced the appointment of Pamela J. McGinnis to its Board of Directors (the "Board"). The Board’s appointment of Ms. McGinnis as a Class II director is effective as of April 3, 2024, and her initial term will expire at the Company’s 2024 annual meeting of shareholders, when she will stand for re-election to serve until the Company’s 2027 annual meeting of shareholders. In connection with the Board’s appointment of Ms. McGinnis, the size of the Board was increased from six to seven directors. The Board has also appointed Ms. McGinnis to serve on the Board’s Compensation Committee. Ms. McGinnis was employed at Phillips 66 and its predecessor companies, Conoco and ConocoPhillips, in various executive roles for more than 30 years. From 2016 and until her retirement in 2022, Ms. McGinnis served as Corporate Vice President, Global Sales, Retail Operations and Marketing and from 2014 through 2016, served as Chief Procurement Officer. She also served as General Manager, Product Supply, Distribution and Sales, Commercial, from 2012 through 2014 and prior to her tenure at Phillips 66, Ms. McGinnis held a number of significant positions with Conoco and ConocoPhillips. New Risk • Mar 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$25.6m market cap). Annonce • Mar 18
Team, Inc. Receives A Written Notice from the New York Stock Exchange Regarding Non-Compliance with the Continued Listing Standards Set in Rule 802.01B of the NYSE Listed Company Manual On March 14, 2024, Team, Inc. (the Company") received a written notice from the New York Stock Exchange (the NYSE") that the Company is not in compliance with the continued listing standards set in Rule 802.01B of the NYSE Listed Company Manual because its average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its last reported shareholders' equity was less than $50 million. As required by the NYSE, the Company intends to timely notify the NYSE of its intent to cure the deficiency and restore its compliance with the NYSE continued listing standards. In accordance with applicable NYSE procedures, the Company has 45 days from receipt of the notice to submit a plan advising the NYSE of the definitive action(s) the Company has taken, or is taking, that would bring it into compliance with the minimum global market capitalization listing standard within 12 months of receipt of the written notice. The Company intends to develop and submit a plan to bring it into compliance with the NYSE continued listing standards within the required time-frame by pursuing measures that are in the best interests of the Company and its shareholders. The NYSE will review the plan and, within 45 days of its receipt, determine whether the Company has made a reasonable demonstration of an ability to conform to the relevant standards in the 12-month period. If the NYSE accepts the plan, the Company's common stock will continue to be listed and traded on the NYSE during the 12-month period, subject to the Company's compliance with other NYSE continued listing standards and continued periodic review by the NYSE of the Company's progress with respect to its plan. The notice has no immediate impact on the listing of the Company's common stock, which will continue to trade on the NYSE during the applicable cure period, and does not result in a default under the Company's material debt or other agreements. The Company is considering all available options to regain compliance with the NYSE continued listing standards. The Company can provide no assurances that it will be able to satisfy any of the steps outlined above and maintain the listing of its shares on the NYSE. Reported Earnings • Mar 08
Full year 2023 earnings released: US$17.32 loss per share (vs US$35.85 loss in FY 2022) Full year 2023 results: US$17.32 loss per share (improved from US$35.85 loss in FY 2022). Revenue: US$862.6m (up 2.7% from FY 2022). Net loss: US$75.7m (loss narrowed 50% from FY 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Third quarter 2023 earnings released: US$2.78 loss per share (vs US$6.16 loss in 3Q 2022) Third quarter 2023 results: US$2.78 loss per share (improved from US$6.16 loss in 3Q 2022). Revenue: US$206.7m (down 5.3% from 3Q 2022). Net loss: US$12.1m (loss narrowed 54% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Annonce • Nov 08
Team Inc Appoints Michael J. Caliel as Executive Chairman Team, Inc. announced that the Board of Directors has named Michael J. Caliel to the newly-created position of Executive Chairman of the company. Mr. Caliel has served as Team’s non-executive Chairman since March 21, 2022. As Executive Chairman, Mr. Caliel will focus on TEAM’s long-term corporate strategy development, including growth opportunities, profit improvement and strategic alternatives to enhance the Company’s enterprise value. Mr. Caliel will also support and advise the management team incorporating longer term objectives with the day-to-day management of the business. Keith Tucker will continue to capably serve as TEAM’s Chief Executive Officer, leading the execution of the Company’s corporate strategies and managing all business operations. Michael J. Caliel is an accomplished Chief Executive Officer and Director with more than four decades of public company experience in the industrial, energy and infrastructure industries. He has extensive knowledge of, and experience in, public company governance, strategy development, mergers and acquisitions, international operations, and finance. Mr. Caliel is a non-executive Director of Orion Group Holdings where he serves as a member of the Audit Committee and the Compensation Committee. From 2019 until it was acquired in 2022, Mr. Caliel served as Board Chair and a member of the Compensation Committee for PLH Group, a leading full-service construction and specialty contractor serving the electric power and pipeline markets. In addition, Mr. Caliel previously served as lead operating director at DBi Services, a leading asset management and infrastructure services company, and as an independent director at FCX Performance, a leading process flow control provider. The National Association of Corporate Directors has designated Mr. Caliel as NACD Directorship Certified and previously as a Governance Fellow. Reported Earnings • Aug 13
Second quarter 2023 earnings released: US$3.61 loss per share (vs US$6.53 loss in 2Q 2022) Second quarter 2023 results: US$3.61 loss per share (improved from US$6.53 loss in 2Q 2022). Revenue: US$239.5m (up 8.1% from 2Q 2022). Net loss: US$15.8m (loss narrowed 44% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Annonce • May 31
Team Regains Compliance with NYSE Continued Listing Standards On May 30, 2023, Team, Inc. announced that it has received formal notice from the New York Stock Exchange (‘NYSE’) that the Company has regained compliance with the NYSE’s quantitative continued listing standards. On June 17, 2022, the company was notified by the NYSE of its noncompliance with the NYSE’s continued listing standards because its average global market capitalization over a consecutive 30 trading-day period and last reported stockholders’ equity were both below $50 million. As a result of the Company’s achievement of compliance with the NYSE’s minimum market capitalization and shareholders’ equity requirement over the past two quarters, the Company is no longer considered out of compliance with the continued listing standards and the below compliance “.BC” indicator has been removed from the Company’s common shares. Additionally, the Company will no longer be noted as being below continued listing standards on the NYSE’s web site. In accordance with the NYSE’s Listed Company Manual, the Company will be subject to a 12-month follow-up period within which the Company will be reviewed to ensure that the Company does not once again fall below any of the NYSE’s continued listing standards. Reported Earnings • May 13
First quarter 2023 earnings released: US$5.69 loss per share (vs US$8.61 loss in 1Q 2022) First quarter 2023 results: US$5.69 loss per share (improved from US$8.61 loss in 1Q 2022). Revenue: US$202.3m (down 7.5% from 1Q 2022). Net loss: US$24.7m (loss narrowed 24% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 15
Full year 2022 earnings released: US$35.85 loss per share (vs US$60.06 loss in FY 2021) Full year 2022 results: US$35.85 loss per share (improved from US$60.06 loss in FY 2021). Revenue: US$840.2m (down 3.9% from FY 2021). Net loss: US$150.1m (loss narrowed 19% from FY 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Board Change • Nov 17
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. Director Emeritus Jack Johnson is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Aug 11
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. Director Emeritus Jack Johnson is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annonce • Jun 26
Team, Inc.(NYSE:TISI) dropped from Russell 3000E Index Team, Inc.(NYSE:TISI) dropped from Russell 3000E Index Reported Earnings • May 11
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: US$0.86 loss per share (up from US$1.11 loss in 1Q 2021). Revenue: US$218.6m (up 12% from 1Q 2021). Net loss: US$32.5m (loss narrowed 5.3% from 1Q 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 5,780%. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Jeff Davis was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 29
Independent Director recently bought US$79k worth of stock On the 25th of March, Jeffery Davis bought around 50k shares on-market at roughly US$1.57 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$151k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 18
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: US$6.01 loss per share (up from US$7.74 loss in FY 2020). Revenue: US$874.6m (up 2.6% from FY 2020). Net loss: US$186.0m (loss narrowed 22% from FY 2020). Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 5,780%. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 57% per year, which means it is performing significantly worse than earnings. Executive Departure • Dec 01
Independent Director Brian Ferraioli has left the company On the 22nd of November, Brian Ferraioli's tenure as Independent Director ended after 3.8 years in the role. As of September 2021, Brian still personally held 27.09k shares (US$82k worth at the time). A total of 10 executives have left over the last 12 months. The current median tenure of the management team is 3.33 years. Executive Departure • Dec 01
Independent Director Craig Martin has left the company On the 22nd of November, Craig Martin's tenure as Independent Director ended after 3.8 years in the role. As of September 2021, Craig still personally held 47.09k shares (US$142k worth at the time). A total of 10 executives have left over the last 12 months. The current median tenure of the management team is 3.33 years. Executive Departure • Dec 01
Lead Independent Director Louis Waters has left the company On the 22nd of November, Louis Waters' tenure as Lead Independent Director ended. As of September 2021, Louis still personally held 250.17k shares (US$753k worth at the time). A total of 10 executives have left over the last 12 months. The current median tenure of the management team is 3.33 years. Executive Departure • Dec 01
Director Candice Koederitz has left the company On the 22nd of November, Candice Koederitz's tenure as Director ended after less than a year in the role. We don't have any record of a personal shareholding under Candice's name. A total of 10 executives have left over the last 12 months. The current median tenure of the management team is 3.33 years. Executive Departure • Dec 01
Independent Director Gary Yesavage has left the company On the 22nd of November, Gary Yesavage was replaced as CEO by Amerino Gatti after less than a year in the role. As of September 2021, Gary still personally held 52.03k shares (US$157k worth at the time). A total of 10 executives have left over the last 12 months. The current median tenure of the management team is 3.33 years. Under Gary's leadership, the company delivered a total shareholder return of 24%. Executive Departure • Dec 01
Independent Director Robert Skaggs has left the company On the 22nd of November, Robert Skaggs' tenure as Independent Director ended after 2.3 years in the role. As of September 2021, Robert still personally held 19.51k shares (US$59k worth at the time). A total of 10 executives have left over the last 12 months. The current median tenure of the management team is 3.33 years. Executive Departure • Dec 01
Independent Director Michael Lucas has left the company On the 22nd of November, Michael Lucas' tenure as Independent Director ended after 6.3 years in the role. As of September 2021, Michael still personally held 34.35k shares (US$103k worth at the time). A total of 10 executives have left over the last 12 months. The current median tenure of the management team is 3.33 years. Board Change • Nov 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Jeff Davis was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 14
Third quarter 2021 earnings released: US$2.94 loss per share (vs US$0.30 loss in 3Q 2020) The company reported a poor third quarter result with increased losses and weaker control over costs, although revenues were flat. Third quarter 2021 results: Revenue: US$217.4m (flat on 3Q 2020). Net loss: US$91.2m (loss widened US$82.1m from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has fallen by 56% per year, which means it is performing significantly worse than earnings. Price Target Changed • Aug 11
Price target decreased to US$11.33 Down from US$13.33, the current price target is an average from 3 analysts. New target price is 137% above last closing price of US$4.79. Stock is down 30% over the past year. Reported Earnings • Aug 05
Second quarter 2021 earnings released: US$0.56 loss per share (vs US$0.44 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$238.9m (up 26% from 2Q 2020). Net loss: US$17.5m (loss widened 29% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 05
First quarter 2021 earnings released: US$1.11 loss per share (vs US$6.54 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$194.6m (down 18% from 1Q 2020). Net loss: US$34.3m (loss narrowed 83% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Executive Departure • Mar 17
Advisor has left the company On the 15th of March, Grant Roscoe's tenure as Advisor ended after less than a year in the role. As of December 2020, Grant personally held 12.18k shares (US$133k worth at the time). A total of 2 executives have left over the last 12 months. Price Target Changed • Mar 13
Price target raised to US$13.33 Up from US$11.33, the current price target is an average from 2 analysts. The new target price is 13% above the current share price of US$11.77. As of last close, the stock is up 40% over the past year. Analyst Estimate Surprise Post Earnings • Mar 11
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 20%, compared to a 9.7% growth forecast for the Commercial Services industry in the US. Reported Earnings • Mar 11
Full year 2020 earnings released: US$7.74 loss per share (vs US$1.07 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$852.5m (down 27% from FY 2019). Net loss: US$237.2m (loss widened US$204.8m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 25
New 90-day high: US$12.00 The company is up 20% from its price of US$10.04 on 25 November 2020. The American market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$40.12 per share. Is New 90 Day High Low • Jan 06
New 90-day high: US$11.73 The company is up 98% from its price of US$5.92 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$23.21 per share. Is New 90 Day High Low • Dec 10
New 90-day high: US$10.92 The company is up 84% from its price of US$5.95 on 10 September 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$16.00 per share.