Last $39.68 USD
Change Today -0.65 / -1.61%
Volume 42.8K
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As of 4:15 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

team inc (TISI) Key Developments

Team Announces Leadership Transition Plan

Team, Inc. announced that Ted W. Owen, currently Team's Executive Vice President and Chief Financial Officer, has been promoted to President of the company and elected to its Board of Directors. Team's Chairman and Chief Executive Officer, Philip J. Hawk, also announced the intention within the next several months to transition his responsibilities as CEO to Mr. Owen. At that time, Mr. Hawk will then become Team's Executive Chairman. Mr. Owen will continue to serve as Chief Financial Officer until his successor is in place.

Team, Inc. Revises Earnings Guidance for the Fourth Quarter and Provides Earnings Guidance for the Full Year Ended May 31, 2014

Team, Inc. revised earnings guidance for the fourth quarter and provided earnings guidance for the full year ended May 31, 2014. For the period, the company expects to report adjusted earnings of $0.60 per share, up 10% compared to $0.54 per share earned in the fourth quarter of fiscal 2013, but below the company's previously issued adjusted earnings guidance for the current quarter of $0.65 to $0.80 per share. Revenues in the current year quarter of approximately $211 million were at the low end of the company's previous revenue guidance of $210 million to $225 million, and compared to $201 million of revenue in the prior year quarter. Using the mid-point of the adjusted earnings guidance, the shortfall of about $0.12 per share is equivalent to about $4 million of operating income (earnings before interest and taxes, or EBIT). Revenues for the quarter are about $6 million less than the mid-point of the company's revenue guidance. About half of the revenue and operating income shortfall is primarily attributable to project deferrals at Quest Integrity Group. The remainder of the revenue and operating income shortfall is due to slightly lower activity levels for the rest of Team's business units, coupled with higher than originally anticipated corporate and shared support costs. The company now expects full year revenues to be $750 million and full year adjusted earnings to be about $1.45 per share.

Team, Inc., Q4 2014 Guidance/Update Call, Jun 25, 2014

Team, Inc., Q4 2014 Guidance/Update Call, Jun 25, 2014

Team, Inc. Reports Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended February 28, 2014; Provides Earnings Outlook for the Fourth Quarter of 2014

Team, Inc. reported unaudited consolidated earnings results for third quarter and nine months ended February 28, 2014. For the quarter, the company’s revenues were $163,236,000 against $150,975,000 a year ago. Operating income was $1,000,000 against $609,000 a year ago. Loss before income tax was $1,528,000 against $863,000 a year ago. Net loss available to shareholders was $1,010,000 or $0.05 per diluted share against $535,000 or $0.03 per diluted share a year ago. Adjusted net income was $170,000 or $0.01 per diluted share against loss of $159,000 or $0.01 per diluted share a year ago. Adjusted EBIT was $1,000,000 against $609,000 a year ago. Adjusted EBITDA was $7,280,000 against $6,311,000 a year ago. Capital expenditures were $10 million for the quarter. For the nine months, the company’s revenues were $538,040,000 against $513,115,000 a year ago. Operating income was $32,986,000 against $36,473,000 a year ago. Income before tax was $28,509,000 against $33,537,000 a year ago. Net income available to shareholders was $17,925,000 or $0.84 per diluted share against $20,962,000 or $0.99 per diluted share a year ago. Adjusted net income was $18,214,000 or $0.86 per diluted share against $21,338,000 or $1.01 per diluted share a year ago. Adjusted EBIT was $31,590,000 against $36,473,000 a year ago. Adjusted EBITDA was $50,771,000 against $53,949,000 a year ago. Net cash provided by operating activities was $39,515,000 against $38,216,000 a year ago. Capital expenditures were $23,758,000 against $18,803,000 a year ago. Net debt as on February 28, 2014 was $44 million. The company expects fourth quarter earnings to be $0.65 to $0.80 per diluted share and fourth quarter revenues to be in the range of $210 million to $225 million.

Team, Inc. to Report Q3, 2014 Results on Apr 07, 2014

Team, Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Apr 07, 2014

 

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TISI

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Valuation TISI Industry Range
Price/Earnings 29.2x
Price/Sales 1.1x
Price/Book 2.8x
Price/Cash Flow 28.0x
TEV/Sales 0.9x
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