Team Q3 revenue $210.8M (+2% YoY); Adj EBITDA $11.3M, net loss narrows to $11.1M

TEAM INC

2024-Q3 EPS reported -$7.04 revenue$638,976,000

Revenue $210.8M, up 2% YoY; gross margin maintained at 25.4%.
Operating income $3.2M, improvement of $4.4M vs Q3 2023.
Net loss $11.1M, an 8.3% improvement year over year.
Consolidated Adjusted EBITDA $11.3M (5.4% revenue); nine-month $39.6M (6.2%).
ABL Credit Facility amended and extended on Sep 30 for additional liquidity and improved pricing.

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