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Team, Inc. Reports Third Quarter 2017 Results
Nov 6, 2017
SUGAR LAND, TX – November 6, 2017 – Team, Inc. (NYSE: TISI) (“Team,” “we,” “our,” or the “Company”) today reported its financial results for the third quarter ended September 30, 2017.
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Q3 2017 TEAM, Inc. Earnings Conference Call
Oct 24, 2017
Listen to Q3 2017 TEAM, Inc. Earnings Conference Call
on Nov 7, 2017 at
10:00 AM ET
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Team, Inc. Schedules Third Quarter 2017 Earnings Conference Call for Tuesday, November 7, 2017 at 10:00 am Eastern Time
Oct 24, 2017
SUGAR LAND, TX, October 24, 2017 – Team, Inc. (NYSE: TISI) announced today that it will issue its third quarter 2017 results after the market closes on Monday, November 6, 2017. In conjunction with this release, Team, Inc. has scheduled a conference call on Tuesday, November 7, starting at 10:00 a.m. ET (9:00 a.m. CT).
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Team, Inc. Reports Second Quarter 2017 Results
Aug 7, 2017
SUGAR LAND, Texas, Aug. 07, 2017 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("Team," "we," "our," or the "Company") today reported its financial results for the second quarter ended June 30, 2017. The Company had previously announced preliminary second quarter results on July 24, 2017.
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Q2 2017 TEAM, Inc. Earnings Conference Call
Aug 7, 2017
Listen to Q2 2017 TEAM, Inc. Earnings Conference Call
Aug 8, 2017
10:00 AM ET
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TEAM, INC. Upsizes Offering, Prices $200 Million of 5.00% Convertible Senior Notes Due 2023
Jul 26, 2017
SUGAR LAND, Texas, July 26, 2017 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("Team" or the "Company") announced that it has agreed to sell to initial purchasers in a private offering $200 million principal amount of its 5.00% Convertible Senior Notes due 2023 (the "Notes"). The size of the offering was increased by $25 million from the previously announced offering size of $175 million principal amount of Notes. Team has also granted the initial purchasers an option to purchase up to an additional $30 million principal amount of the Notes. The Notes have been offered only to qualified institutional buyers (as defined in the Securities Act of 1933, as amended (the "Securities Act")) pursuant to Rule 144A under the Securities Act. The closing of the transaction is subject to customary closing conditions and the Notes are expected to be delivered and paid for on July 31, 2017.
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TEAM, INC. Announces Offering of $175 Million in Convertible Senior Notes Due 2023
Jul 24, 2017
SUGAR LAND, Texas, July 24, 2017 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("Team" or the "Company") today announced that it intends to offer, subject to market and other conditions, $175 million principal amount of Convertible Senior Notes due 2023 (the "Notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In addition, the Company expects to grant the initial purchasers for the offering an option to purchase up to an additional $26.25 million principal amount of Notes solely to cover over-allotments, if any.
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Team, Inc. Pre-Announces Preliminary Second Quarter 2017 Results
Jul 24, 2017
Finalized negotiations of a credit facility amendment; Announces intention to terminate "At-the-Market" Equity Offering Program
SUGAR LAND, Texas, July 24, 2017 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("Team," "we," "our," or the "Company") today reported its preliminary revenue and earnings expectations for the second quarter ended June 30, 2017.
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Team, Inc. Reports First Quarter 2017 Results
May 9, 2017
Team, Inc. (NYSE:TISI) ("Team," "we," "our," or the "Company") today reported its financial results for the first quarter ended March 31, 2017.

Revenues for the current quarter increased by 14% to $286.6 million compared to revenues of $250.9 million for the prior year quarter due primarily to the current quarter realizing the full contribution of Furmanite. Team reported a net loss of $9.5 million ($0.32 loss per diluted share) for the current year quarter versus a loss of $6.4 million ($0.27 earnings per diluted share) for the prior year quarter. Excluding certain non-routine items, adjusted net loss, a non-GAAP measure, was $7.2 million ($0.24 adjusted loss per diluted share) for the current quarter versus an adjusted loss of $0.2 million ($0.01 adjusted loss per diluted share) for the prior year quarter.
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Q1 2017 TEAM, Inc. Earnings Conference Call
Apr 25, 2017
Wednesday, May 10, 2017, 9:00 am EDT
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Team, Inc. Schedules First Quarter 2017 Earnings Conference Call for Wednesday, May 10, 2017 at 9:00 am Eastern time
Apr 25, 2017
SUGAR LAND, TX, April 25, 2017 – Team, Inc. (NYSE: TISI) announced today that it will issue its first quarter 2017 results after the market closes on Tuesday, May 9, 2017. In conjunction with this release, Team, Inc. has scheduled a conference call on Wednesday, May 10, starting at 9:00 a.m. ET (8:00 a.m. CT).
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Team, Inc. Reports Fourth Quarter and Full Year 2016 Results
Mar 7, 2017
SUGAR LAND, Texas, March 07, 2017 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) ("Team," "we," "our," or the "Company") today reported its financial results for the fourth quarter and full year ended December 31, 2016. Team reported a net loss of $9.4 million ($0.32 loss per diluted share) for the current year quarter versus net income of $5.5 million ($0.26 earnings per diluted share) for the prior year quarter. Excluding certain non-routine items, adjusted net income was $2.5 million ($0.08 adjusted earnings per diluted share) for the current quarter versus adjusted net income of $8.4 million ( $0.39 adjusted earnings per diluted share) for the prior year quarter. Revenues for the current quarter increased by 25% to $319.8 million compared to revenues of $255.0 million for the prior year quarter due primarily to the Furmanite acquisition. Adjusted net income excludes certain non-routine items that are not indicative of Team's ongoing operating activities of $11.9 million (net of tax), or $0.40 per diluted share, for the current year quarter and $2.9 million (net of tax), or $0.13 per diluted share, for the prior year quarter, as detailed in the accompanying schedule of non-GAAP items.
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Team Inc. Earnings Conference Call Wednesday, March 8, starting at 9:00 a.m. ET (8:00 a.m. CT).
Feb 27, 2017
Team Fourth Quarter and Full Year 2016 Earnings Conference Call for Wednesday, March 8, 2017 at 9:00 am Eastern time (8:00 am Central) weblink.
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Team, Inc. Schedules Fourth Quarter and Full Year 2016 Earnings Conference Call for Wednesday, March 8, 2017 at 9:00 am Eastern time (8:00 am Central)
Feb 27, 2017
SUGAR LAND, Texas, Feb. 27, 2017 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE:TISI) announced today that it will issue its fourth quarter and full year 2016 results after the market closes on Tuesday, March 7, 2017. In conjunction with this release, Team, Inc. has scheduled a conference call on Wednesday, March 8, starting at 9:00 a.m. ET (8:00 a.m. CT).

By Phone: Dial 1-888-699-2378 inside the U.S. or 1-847-852-4067 outside the U.S. at least 10 minutes before the call. A telephone replay will be available through March 15 by dialing 1-855-859-2056 inside the U.S. or 404-537-3406 outside the U.S. using the Conference ID 78574407#.

By Webcast: The call will be broadcast over the web and can be accessed on Team's website, www.teaminc.com under "Investor Relations". Please log on at least 10 minutes in advance to register and download any necessary software. A replay will be available shortly after the call.
About Team, Inc.

Headquartered near Houston, Texas, Team Inc. is a leading provider of specialty industrial services, including inspection, mechanical services and engineering assessment, required in maintaining and installing high-temperature and high-pressure piping systems and vessels that are utilized extensively in the refining, petrochemical, power, pipeline and other heavy industries. Team offers these services across its 220 branch locations and more than 20 countries throughout the world. Team's common stock is traded on the New York Stock Exchange under the ticker symbol "TISI".
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Team, Inc. Announces Appointment of Gary G. Yesavage to Its Board of Directors
Jan 3, 2017
Team, Inc. (NYSE:TISI) today announced that Gary G. Yesavage, 64, has been appointed to the Team, Inc. Board of Directors. Mr. Yesavage most recently served as Chevron's President of Manufacturing for its Downstream and Chemicals Operations from 2009 until his retirement in June 2016. From 1999 to 2009, Mr. Yesavage served as the General Manager for the Chevron's Refinery in El Segundo, California. Mr. Yesavage will stand for re-election at Team's upcoming Annual Meeting of Shareholders in May 2017.

Team's Chairman, Phil Hawk, said: "Team is pleased to welcome Gary Yesavage to our Board. Gary has an extensive background in the refinery space and the energy industry. We will benefit greatly from his perspectives and counsel as Team continues to grow." Ted Owen, Team's President and CEO, said: "We are delighted to add Gary to our Board. His insights on service, safety and quality from a customer perspective are invaluable."
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Team, Inc. Announces $150 Million ATM Equity Offering Program
Nov 28, 2016
Team, Inc. (NYSE: TISI) (“Team” or the “Company”) today announced that it has filed a prospectus supplement under which it may sell up to $150,000,000 of its common stock through an “at-the-market” equity offering program (the “ATM Program”). The Company intends to use the net proceeds from sales under the ATM Program primarily to reduce outstanding indebtedness, which may include amounts outstanding under the Company’s senior secured credit facility, and for general corporate purposes. The timing of any sales will depend on a variety of factors to be determined by the Company.
The
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Team, Inc. Reports Third Quarter 2016 Results
Nov 1, 2016
Team, Inc. (NYSE:TISI) ("Team" or the "Company") today released financial results for the third quarter ended September 30, 2016. Team reported a net loss of $4.2 million ($0.14 loss per diluted share) for the current year quarter versus net income of $2.5 million ($0.12 earnings per diluted share) for the prior year quarter. Excluding certain non-routine items, adjusted net loss was $0.4 million ($0.01 adjusted loss per diluted share) for the current quarter versus adjusted net income of $5.1 million ($0.24 adjusted earnings per diluted share) for the prior year quarter. Revenues for the current quarter increased by 19% to $289.6 million compared to revenues of $243.6 million for the prior year quarter due primarily to the Furmanite acquisition. Adjusted net income (loss) excludes certain non-routine items that are not indicative of Team's ongoing operating activities of $3.8 million (net of tax), or $0.13 per diluted share, for the current year quarter and $2.6 million (net of tax), or $0.12 per diluted share, for the prior year quarter, as detailed in the accompanying schedule.
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Team, Inc. Earnings Conference Call Wednesday, November 2, 2016 at 9:00 am Eastern time (8:00 am Central)
Oct 26, 2016
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Team, Inc. Announces Earnings Conference Call for Wednesday, November 2, 2016 at 9:00 am Eastern time (8:00 am Central)
Oct 26, 2016
Team, Inc. (NYSE:TISI) will have an earnings conference call on Wednesday, November 2, 2016 at 9:00 am Eastern Time (8:00 am Central) to discuss its earnings release for the third quarter ending September 30, 2016. The earnings release will be issued after market close on Tuesday, November 1, 2016.
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Team, Inc. Reports Second Quarter 2016 Results
Aug 8, 2016
Team, Inc. (NYSE:TISI) ("Team" or the "Company") today released full financial results for the second quarter ended June 30, 2016. Team reported net income of $7.4 million ($0.25 earnings per diluted share) for the current year quarter versus net income of $13.9 million ($0.65 earnings per diluted share) for the prior year quarter. Excluding certain non-routine items, adjusted net income was $11.1 million ($0.37 adjusted earnings per diluted share) for the current quarter versus adjusted net income of $16.8 million ($0.79 adjusted earnings per diluted share) for the prior year quarter. Revenues for the current quarter increased by 43% to $336.4 million compared to revenues of $235.4 million for the prior year quarter due primarily to the Furmanite and Qualspec acquisitions. Adjusted net income excludes certain non-routine items that are not indicative of Team's ongoing operating activities of $3.7 million (net of tax), or $0.12 per diluted share, for the current year quarter and $2.9 million (net of tax), or $0.14 per diluted share, for the prior year quarter, as detailed in the accompanying schedule.
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