Team, Inc. (TISI) Bundle
A Brief History of Team, Inc. (TISI)
Foundation and Early Years
Team, Inc. was founded in 1970, originally as a service provider for the energy sector. Over the decades, it expanded its services to various industrial sectors, including petrochemical, power generation, and manufacturing.
IPO and Growth
The company became a publicly traded entity in 1996, trading on the NASDAQ under the ticker symbol TISI. During the late 1990s, Team, Inc. began to acquire several companies to diversify its offerings and expand its market reach.
Acquisitions
Between 2000 and 2010, Team, Inc. completed notable acquisitions:
- 2001: Acquired the assets of T.A. Hennigan, expanding its mechanical services.
- 2007: Acquired the Petrochemical Services Division of NDT, enhancing inspection services.
- 2010: Acquired the assets of Enermech, significantly increasing its international operational footprint.
Financial Performance
In fiscal year 2022, Team, Inc. reported:
- Total Revenue: $474 million
- Gross Profit: $49 million
- Net Loss: $13 million
As of the end of Q3 2023, TISI reported a revenue increase of approximately 12% compared to Q3 2022.
Market Position
According to market analysis in 2023, Team, Inc. holds a significant position in the industrial services sector. The company specializes in:
- Inspection and engineering services
- Maintenance services
- Specialty services for industrial clients
It competes with other key players in the market, such as AECOM and Fluor Corporation.
Diversification and Innovation
In efforts to innovate, Team, Inc. has invested in digital technologies. As of 2023, the company allocated approximately $5 million to enhance its data analytics capabilities and improve service delivery.
Financial Challenges
In recent years, Team, Inc. faced several financial challenges, notably:
- In 2021, the company reported a net loss of $25 million.
- In 2022, total liabilities reached approximately $270 million.
Efforts to restructure and streamline operations have been ongoing.
Current Valuation and Market Capitalization
As of October 2023, Team, Inc.'s market capitalization is estimated at approximately $130 million. The stock is trading at around $6.50 per share.
Table of Financial Performance
| Year | Total Revenue (in millions) | Gross Profit (in millions) | Net Loss (in millions) | Total Assets (in millions) |
|---|---|---|---|---|
| 2020 | $450 | $50 | -$15 | $350 |
| 2021 | $460 | $45 | -$25 | $365 |
| 2022 | $474 | $49 | -$13 | $370 |
| 2023 (Q3) | $500 (estimated) | $55 (estimated) | N/A | $385 (estimated) |
Future Outlook
Analysts project a cautious but optimistic outlook for Team, Inc. due to ongoing investments in technology and a recovering industrial sector.
A Who Owns Team, Inc. (TISI)
Ownership Structure
As of the latest available data, Team, Inc. (TISI) has a diverse ownership structure comprising institutional investors, retail investors, and company insiders.
Major Shareholders
| Shareholder Type | Shareholder Name | Percentage Ownership | Number of Shares |
|---|---|---|---|
| Institutional Investor | The Vanguard Group, Inc. | 12.44% | 2,300,000 |
| Institutional Investor | BlackRock, Inc. | 10.32% | 1,900,000 |
| Institutional Investor | Dimensional Fund Advisors LP | 7.89% | 1,460,000 |
| Retail Investor | Charles R. Schwab Corporation | 5.17% | 950,000 |
| Insider | Mark F. Borkowski (CEO) | 4.35% | 800,000 |
Insider Holdings
| Name | Position | Shares Owned | Ownership Percentage |
|---|---|---|---|
| Mark F. Borkowski | Chief Executive Officer | 800,000 | 4.35% |
| John D. Wurdeman | Chief Financial Officer | 500,000 | 2.70% |
| Susan P. McKeown | Chief Operating Officer | 300,000 | 1.62% |
| Timothy B. Baugh | Director | 250,000 | 1.35% |
Stock Performance
As of October 2023, the market capitalization of Team, Inc. is approximately $80 million. The stock price has experienced some fluctuation over the year, showing a high of $7.00 and a low of $3.50.
Recent Financial Metrics
| Financial Metric | Amount (USD) |
|---|---|
| Total Revenue (2022) | $200 million |
| Net Income (2022) | $10 million |
| EBITDA (2022) | $25 million |
| Total Assets (2022) | $150 million |
| Total Liabilities (2022) | $90 million |
Recent Developments
- In Q2 2023, Team, Inc. reported a 15% increase in revenue year-over-year.
- The company completed a refinancing of debt in July 2023, reducing annual interest expenses by $2 million.
- Team, Inc. announced a new contract with a major oil company worth approximately $5 million in Q3 2023.
Team, Inc. (TISI) Mission Statement
Corporate Overview
Team, Inc. (TISI) is a leading provider of specialty services to the energy and industrial sectors. The company is dedicated to ensuring the safety, reliability, and efficiency of assets for its clients through a multifaceted approach that emphasizes innovation and customer satisfaction.
Mission Statement
The mission of Team, Inc. is to be the premier provider of advanced industrial services. The company is committed to delivering exceptional value to its customers by focusing on quality, safety, and continuous improvement. The company aims to achieve this through:
- Innovative solutions tailored to customer needs
- Proven expertise and experience in the industry
- A commitment to safety and environmental stewardship
Core Values
Team, Inc. operates under a set of core values that guide its operations and decision-making processes:
- Integrity: Upholding the highest standards of ethical conduct.
- Safety: Prioritizing the health and safety of employees and clients.
- Excellence: Striving for superior quality in service delivery.
- Innovation: Embracing new technologies and methods.
- Collaboration: Working together with clients and partners to achieve common goals.
Financial Performance
Team, Inc. has demonstrated a steady financial performance over the years. The financial results for the year ending December 31, 2022, were as follows:
| Financial Metric | 2022 Amount (in millions) | 2021 Amount (in millions) |
|---|---|---|
| Total Revenue | $566.2 | $553.0 |
| Net Income | $27.6 | $24.9 |
| EBITDA | $61.4 | $59.5 |
| Total Assets | $455.0 | $430.2 |
| Total Liabilities | $215.0 | $208.5 |
Market Presence
As of the latest reports, Team, Inc. operates in over 50 locations across the United States and internationally, serving a diverse clientele in sectors such as oil, gas, and chemical processing.
Strategic Objectives
To fulfill its mission, Team, Inc. focuses on several strategic objectives:
- Enhancing Operational Efficiency: Implementing advanced technologies to improve service delivery.
- Expanding Market Reach: Entering new geographic and industrial markets.
- Investing in Workforce Development: Training and developing employees to meet industry demands.
- Building Sustainable Practices: Committing to environmentally responsible operations.
Customer Commitment
The company’s mission is further reflected in its commitment to customer satisfaction. Team, Inc. employs rigorous feedback mechanisms to ensure clients receive the highest quality service.
Recent Achievements
In 2023, Team, Inc. was recognized for its excellence in service delivery with multiple awards, including:
- Best Service Provider Award from the National Energy Association
- Safety Excellence Award from the Industrial Safety Council
Conclusion
Team, Inc. continues to align its operations with its mission statement, aiming to provide unparalleled services while achieving financial growth and enhancing stakeholder value.
How Team, Inc. (TISI) Works
Company Overview
Company Overview
Team, Inc. (TISI) is a leading provider of integrated industrial services that specializes in asset performance and reliability. The company operates primarily in the United States and Canada, offering services in inspection, repair, and maintenance for various industries including oil and gas, petrochemical, and power generation.
Financial Performance
As of the third quarter of 2023, Team, Inc. reported the following financial metrics:
| Fiscal Year | Revenue (in millions) | Net Income (in millions) | EBITDA (in millions) | EPS | Debt-to-Equity Ratio |
|---|---|---|---|---|---|
| 2021 | $397.4 | ($33.2) | $30.5 | ($2.68) | 1.72 |
| 2022 | $415.2 | ($14.7) | $36.1 | ($1.13) | 1.60 |
| 2023 (Q3) | $150.3 | $5.1 | $14.0 | $0.16 | 1.55 |
Service Offerings
The company provides a wide range of services divided into three main categories:
- Inspection Services
- Maintenance Services
- Repair Services
Market Segments
Team, Inc. operates across multiple sectors, primarily focusing on:
- Oil & Gas: 45% of total revenue
- Power Generation: 30% of total revenue
- Pulp & Paper: 15% of total revenue
- Other Industries: 10% of total revenue
Operational Structure
The operational framework is segmented into specialized divisions to enhance efficiency:
- Asset Integrity: Consists of testing and inspection services.
- Pipeline Services: Focuses on pipeline inspection and maintenance.
- Mechanical Services: Involves mechanical repairs and overhauls.
- Environmental Services: Provides environmental compliance and remediation.
Employee Statistics
As of 2023, Team, Inc. employs approximately 2,200 personnel across various functions:
| Department | Number of Employees |
|---|---|
| Field Services | 1,200 |
| Corporate | 300 |
| Engineering | 400 |
| Environmental Compliance | 300 |
Strategic Initiatives
To enhance its market position, Team, Inc. has implemented several strategic initiatives:
- Investment in Technology: Allocated $5 million in 2023 for digital transformation.
- Global Expansion: Targeting international markets, aiming for a 20% revenue increase from overseas operations.
- Sustainability Programs: Committed to reducing carbon emissions by 15% by the end of 2025.
Client Portfolio
Team, Inc. serves a diverse client base, which includes:
- Major Oil Companies: Exxon's Mobil, Chevron.
- Power Plants: Duke Energy, NextEra Energy.
- Manufacturing Facilities: International Paper, Procter & Gamble.
Competitor Analysis
The competitive landscape for Team, Inc. includes other significant players such as:
| Company | Market Share (%) |
|---|---|
| Altrad Group | 15% |
| Fluor Corp. | 10% |
| URS Corporation | 9% |
| Team, Inc. | 5% |
How Team, Inc. (TISI) Makes Money
Service Offerings
Team, Inc. operates primarily through three business segments: Inspection and Maintenance Services, Environmental Services, and Specialty Services.
Revenue Breakdown
The revenue breakdown for Team, Inc. for the fiscal year 2021 was as follows:
| Segment | Revenue (in million USD) | Percentage of Total Revenue (%) |
|---|---|---|
| Inspection and Maintenance Services | 218.3 | 58.5 |
| Environmental Services | 112.4 | 30.5 |
| Specialty Services | 31.6 | 8.5 |
| Total | 362.3 | 100 |
Inspection and Maintenance Services
This segment includes services such as pipeline integrity management, non-destructive testing, and routine maintenance for industrial clients.
- In 2021, the revenue was approximately 218.3 million USD, driven by demand in the oil and gas sector.
- Over 45% of clients are in the refining and chemical sector.
Environmental Services
Environmental Services encompasses waste management, remediation projects, and compliance services.
- The revenue generated from this sector in 2021 was around 112.4 million USD.
- Key clients include government contracts and industrial manufacturers.
Specialty Services
This division offers services such as scaffolding, mechanical services, and coating. In 2021, this segment generated
| Segment | Revenue (in million USD) |
|---|---|
| Specialty Services | 31.6 |
Geographic Revenue Distribution
Revenue distribution by geography in 2021 was as follows:
| Region | Revenue (in million USD) | Percentage of Total Revenue (%) |
|---|---|---|
| North America | 290.0 | 80.0 |
| Europe | 45.0 | 12.4 |
| Asia-Pacific | 27.3 | 7.6 |
| Total | 362.3 | 100 |
Operational Efficiency
In 2021, Team, Inc. achieved an operating margin of approximately 10.2%.
Cost control measures in place contributed to a reduction in operational costs by 5% compared to previous years.
Market Position and Competitors
Team, Inc. ranks among the top service providers within its industry, competing with companies such as:
- Aegion Corporation
- Exova Group
- Inspection Logistics
- SLR Consulting
Future Growth Projections
For fiscal year 2022, Team, Inc. projected a revenue increase of 8% year-over-year based on ongoing contracts and growth in emerging markets.
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