Team (TISI) Misses Q3 EPS by 82c; Management Raises Doubts the Company May Continue as a Going Concern

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Go back to Team (TISI) Misses Q3 EPS by 82c; Management Raises Doubts the Company May Continue as a Going Concern

Team, Inc. Reports Third Quarter 2021 Results

November 12, 2021 6:00 AM EST

SUGAR LAND, Texas, Nov. 12, 2021 /PRNewswire/ -- Team, Inc. (NYSE: TISI), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today reported its financial results for the third quarter ended Sept. 30, 2021.

"Our top line results failed to meet expectations due to a combination of factors that impacted our third quarter performance, including weather-related disruptions, challenging market dynamics, and an uneven market recovery," said Amerino Gatti, TEAM's Chairman and Chief Executive Officer. "While the Inspection and Heat Treating (IHT) segment delivered 5% year-over-year revenue growth, the Mechanical Services (MS) and... More