Team Inc. Q1 2024: Revenue $199.6M, net loss narrows to $17.2M, Adj. EBITDA rises 55%

TEAM INC

2024-Q1 EPS reported -$3.89 revenue$199,600,000

Revenue $199.6M; net loss of $17.2M improved $7.5M YoY from $24.7M loss.
Adjusted EBITDA grew 54.7% to $6.5M (3.3% of revenue) vs $4.2M (2.1%) in Q1 2023.
Gross margin up 120 bps to 24.4%; adjusted SG&A reduced $0.8M YoY.
Cash from operations turned positive at $1.9M, an improvement of $19.6M vs prior year.
Full year 2024 Adj. EBITDA guidance set at $58M to $68M; commercial review completed.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TEAM INC reported the first quarter ended March 31, 2024 results: revenue $199.6 million, net income net loss of $17.2 million. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $199.6 million
Net income: net loss of $17.2 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

inspection services, today reported its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights: • Announced first quarter 2024 revenues of $199.6 million. • Improved gross margin by 120 basis points to 24.4% as compared to 23.2% in the 2023 first quarter. • Reported first quarter 2024 net loss of $17.2 million, a $7.5 million

View on SEC.gov

1047 earnings releases filed in the last 30 days. Browse all earnings releases →

TEAM INC filing history →

Source: SEC EDGAR

accession 0000318833-24-000034

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.