Team (TISI) Tops Q1 EPS by 1c, Offers FY16 Guidance
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Team, Inc. Reports First Quarter Fiscal Year 2016 Results
October 6, 2015 5:33 PM EDTSUGAR LAND, Texas, Oct. 6, 2015 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) today released full financial results for the first quarter ending August 31, 2015 of fiscal year 2016. This release follows a pre-announcement of first quarter 2016 financial results issued on September 29, 2015. Team now reports adjusted earnings of $4.9 million ($0.23 per diluted share) versus adjusted earnings of $7.1 million ($0.34 per diluted share) for the prior year. Revenues for the current year quarter increased by 18% to $222.7 million compared to revenues of $188.1 million for the prior year quarter. Revenues for the current year quarter include $23.5 million related to the acquisition of Qualspec, which... More
