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Stock impact report

Team, Inc. Reports Strong Second Quarter 2019 Results

Team, Inc (TISI)  More Company Research Source: GlobeNewswire
Last team, inc earnings: 3/12 05:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.teaminc.com
PDF Gross Margin of 30% Reaches Highest Margin Since 2015 Net income of $6.1 million, a $37.4 million improvement from Q2 2018Adjusted EBITDA of $32.8 million or 10.4% adjusted EBITDA margin representing the highest level since 2016Gross margin of 30% in Q2 2019 is the highest since 2015; compared with 28.3% for the same quarter last yearOperating cash flow of $5.6 million for the six months ended June 30, 2019; represents an improvement of $23.3 million compared to the six months ended June 30, 2018Record quarterly revenue performance of $32.3 million by Quest Integrity, an increase of 23% over Q2 2018; Q2 2019 operating income improved 62.1% over Q2 2018, expected to deliver a third straight year of record revenuesSelling, general and administrative expenses decreased by $11.6 million in Q2 2019 compared to Q2 2018; lowest quarterly SG&A since 2016OneTeam program generated a total of $11.6 million of savings for the six months ended June 30, 2019 and remains on track to achieve $20-$22 [Read more]
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