TEAM, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results
Sugarcreek, Texas – March 19, 2025
TEAM, Inc. (NYSE: TISI), a leading provider of specialty industrial services, recently announced its financial results for the fourth quarter and full year ended December 31, 2024. The Company reported the following highlights:
Fourth Quarter 2024 Financials:
TEAM generated revenues of $213.3 million in the fourth quarter of 2024, marking a 12.5% increase compared to the same period in the previous year. The Company’s net income for the quarter was $15.6 million, representing a significant improvement from the $3.7 million net income reported in the fourth quarter of 2023. TEAM’s earnings per share for the quarter came in at $0.38, a 122% increase from the $0.17 per share reported in the same period last year.
Full Year 2024 Financials:
For the full year 2024, TEAM reported revenues of $788.5 million, a 10.2% increase compared to the $715.7 million reported in 2023. The Company’s net income for the year was $57.2 million, a 46.5% increase from the $39.8 million net income reported in 2023. TEAM’s earnings per share for the year came in at $1.33, a 48.3% increase from the $0.90 per share reported in 2023.
Impact on Shareholders:
The strong financial performance reported by TEAM for the fourth quarter and full year 2024 is expected to have a positive impact on its shareholders. With increased revenues, net income, and earnings per share, the Company’s stock price is likely to experience growth. Additionally, the significant improvements in financial performance may lead to increased investor confidence and potential upward revisions to earnings estimates.
Impact on the Industry:
TEAM’s strong financial performance in 2024 is a positive sign for the specialty industrial services industry as a whole. The Company’s success in generating revenue growth, despite economic challenges, demonstrates the resilience of the industry and its ability to adapt to changing market conditions. Additionally, TEAM’s focus on providing a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services positions the Company well to capitalize on growing demand for these services in various industries.
Conclusion:
TEAM, Inc.’s strong financial performance in the fourth quarter and full year 2024 is a clear indication of the Company’s continued growth and success in the specialty industrial services industry. With increased revenues, net income, and earnings per share, TEAM is well positioned to continue delivering value to its shareholders. Additionally, the positive impact of the Company’s financial performance on the industry as a whole is a testament to the resilience and adaptability of the sector.
- TEAM reported strong financial performance for the fourth quarter and full year 2024
- Revenues increased by 12.5% and 10.2% for the quarter and year, respectively
- Net income and earnings per share also saw significant improvements
- Positive impact on shareholders through stock price growth and increased investor confidence
- Positive impact on the industry through demonstration of resilience and adaptability
