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Stock impact report

TEAM, INC. REPORTS FIRST QUARTER 2022 RESULTS

Team, Inc. (TISI) 
Last team, inc. earnings: 3/12 05:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.teaminc.com
Company Research Source: PR Newswire
Consolidated revenue increased 12% over 1Q 2021 Quest Integrity segment delivered 84% growth over 1Q 2021New capital raise and ABL refinancing in February 2022SUGAR LAND, Texas, May 10, 2022 /PRNewswire/ -- Team, Inc. (NYSE: TISI) ("TEAM" or the "Company"), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today reported its financial results for the first quarter ended March 31, 2022.First Quarter 2022 Financial and Operational Results:First quarter 2022 revenues were $218.6 million, an increase of 12.3% over the prior year quarterGAAP net loss was $32.5 million, and Consolidated Adjusted EBITDA was positive $0.4 millionNew capital raise and ABL refinancing in February 2022 to provide sufficient runway for performance improvement and key value creation initiatives, including ongoing strategic review process"I am proud of our team's performance during the first quarter and the improved year-over-year top-line growth in e Show less Read more
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