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Team, Inc Reports Second Quarter 2021 Results

Share this article SUGAR LAND, Texas, Aug. 3, 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 second quarter ended June 30, 2021. Second Quarter 2021 Results: IHT and Quest segment revenue increased by 46.0% and 51.4%, respectively from Q2 2020 Gross margin was $62.8 million, up $5.4 million from Q2 2020 Quest adjusted EBITDA margin of 26.6%, surpassing the 2020 full year average of 24.1% TEAM s second quarter results reflect a mix of activity recovery and challenging market dynamics, said Amerino Gatti, TEAM s Chairman and Chief Executive Officer. Although we are not pleased with our overall results, revenue was at the upper end of our outlook. All three segments achieved revenue growth over Q2 2020 with Quest reporting the largest overall percent increase at 51%.  Inspection & Heat Treating followed at approximat

Team Inc (TISI) Q2 2021 Earnings Call Transcript

Team Inc (TISI) Q2 2021 Earnings Call Transcript
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Team Inc (TISI) Q4 2020 Earnings Call Transcript

Team Inc (TISI) Q4 2020 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. Team Inc (NYSE: TISI) Operator Greetings, and welcome to the Team, Inc. Fourth Quarter and Fiscal Year 2020 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Kevin Smith, Senior Director of Investor Relations. Thank you. You may begin. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company s SEC filings. Please see our

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