Team(TISI)

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Team, Inc. Reports Second Quarter 2025 Results
Globenewswire· 2025-08-12 20:15
Core Insights - Team, Inc. reported a strong second quarter performance with revenues increasing by 8.5% year-over-year to $248.0 million, driven primarily by the Inspection and Heat Treating segment [6][4] - Adjusted EBITDA rose by 12.4% to $24.5 million, reflecting improved operational efficiency and cost optimization efforts [9][4] - The company is focused on ongoing transformation initiatives aimed at enhancing revenue growth and margin improvement, with expectations of at least 15% year-over-year growth in Adjusted EBITDA for the full year [5][4] Financial Performance - Revenues for the second quarter totaled $248.0 million, an increase of $19.4 million or 8.5% compared to the prior year, with Inspection and Heat Treating revenues growing by 15.2% [6][4] - Adjusted EBITDA for the quarter was $24.5 million, representing 9.9% of consolidated revenue, up from $21.8 million or 9.5% of revenue in the same quarter last year [9][7] - The company reported a net loss of $4.3 million, compared to a net loss of $2.8 million in the prior year quarter [9][7] Segment Performance - The Inspection and Heat Treating (IHT) segment generated revenues of $130.4 million, up 15.2% year-over-year, while the Mechanical Services (MS) segment saw a modest revenue increase of 1.9% to $117.6 million [12][11] - IHT's operating income increased by 26.7% to $15.8 million, driven by U.S. revenue growth and cost containment measures [13][12] - The MS segment experienced a decrease in operating income by approximately $0.5 million, attributed to lower international project activity [13][12] Cost Management and Optimization - The company has implemented a cost optimization program expected to yield annualized savings of approximately $10 million, with $6 million anticipated in the second half of 2025 [4][5] - Selling, general, and administrative expenses for the second quarter were $56.0 million, up from $52.4 million in the prior year, but the adjusted SG&A expense as a percentage of revenue improved to 18.9% from 19.8% [7][8] Balance Sheet and Liquidity - As of June 30, 2025, the company had total liquidity of $49.3 million, including cash and cash equivalents of $16.6 million and $32.7 million of undrawn credit facilities [18][19] - Total debt increased to $370.2 million from $325.1 million at the end of fiscal year 2024, primarily due to refinancing and seasonal working capital demands [19][18] Future Outlook - The company anticipates strong activity in the third quarter, expecting continued top-line growth and improved Adjusted EBITDA levels in the second half of the year [5][4] - There is a commitment to driving further financial performance improvements through the execution of the transformation plan and operational resilience [5][4]
Leading Elegran Real Estate Teams Join Coldwell Banker Warburg's Expanding Agent Roster
Prnewswire· 2025-08-12 14:01
Company Overview - Coldwell Banker Warburg (CBW) is a leading brokerage in New York luxury real estate, with over 100 years of experience [1][8] - The firm has recently welcomed two high-performing teams, the Asset Advisory Team and the Waterview Advisory Group, from Elegran Real Estate [1][2] Team Contributions - The Asset Advisory Team has achieved over $250 million in lifetime sales and is led by Ashley Reidy Quinn and Nick Montalbano, focusing on operations, marketing, and client experience [2][3] - The Waterview Advisory Group also boasts $250 million in transactions and offers a range of services including residential sales, buyer representation, and property investment analysis [3][4] Strategic Goals - Both teams emphasize a commitment to client success and integrity, with a focus on maintaining a boutique approach while leveraging CBW's extensive global network [4][3] - The transition to CBW is seen as a strategic move to enhance growth and service offerings for clients [3][4] Agent Profiles - The Asset Advisory Team includes agents with diverse backgrounds, such as John David Henning, an expert in digital marketing, and Allie Dornier, who has a strong family background in real estate [5] - The Waterview Advisory Group is led by Jules Garcia, who has a 20-year background in financial services and specializes in upscale properties [3][4] Recent Developments - In addition to the two new teams, CBW has recently added three other agents from Elegran, indicating a trend of talent acquisition in the competitive New York real estate market [7]
01 Communique Strengthens Technical Advisory Team with PQC Expert Dr. Edoardo Persichetti
Newsfile· 2025-08-12 12:00
Toronto, Ontario--(Newsfile Corp. - August 12, 2025) - 01 Communique Laboratory Inc. (TSXV: ONE) (OTCQB: OONEF) (the "Company" or "01 Communique"), one of the first-to-market, enterprise level cybersecurity providers for the quantum computing era, announces the appointment of Dr. Edoardo Persichetti as a strategic advisor to the Company. Dr. Edoardo Persichetti is currently an Associate Professor in the Department of Mathematics and Statistics at Florida Atlantic University. Before moving to Florida, he was ...
C3 Metals Strengthens Technical Team
Newsfile· 2025-07-31 11:00
Toronto, Ontario--(Newsfile Corp. - July 31, 2025) - C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce that it has strengthened its technical team through the appointment of Dr. Stephanie Sykora to the position of Chief Geologist. Dr. Sykora will commence her employment with C3 Metals effective August 15, 2025. Dr. Sykora is a seasoned exploration geologist with over a decade of global experience working with both major and junior, and public and private, compa ...
Former Troilus Geologist, Bertrand Brassard, Joins Orbec's Geological Team
Newsfile· 2025-07-30 11:00
John Tait stated, "We are very pleased to welcome Bertrand to our already exceptionally strong geological team. His deep understanding of the Chibougamau Mining Camp will be a tremendous asset as we advance our exploration initiatives." ON BEHALF OF THE BOARD John Tait, CEO and Director Brossard, Quebec--(Newsfile Corp. - July 30, 2025) - Mines D'Or Orbec Inc. (TSXV: BLUE) (the "Company") is pleased to announce the appointment of Mr. Bertrand Brassard as a Geological Consultant. Mr. Brassard holds a B.Sc. i ...
Chris Heller and The Heller The Home Seller Team Joins eXp Realty
GlobeNewswire News Room· 2025-07-29 16:00
BELLINGHAM, Wash., July 29, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, "the most agent-centric™ real estate brokerage on the planet" and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that Chris Heller, one of the most accomplished professionals in the real estate industry, has officially joined eXp Realty. Heller is the founder of Heller the Home Seller, and has held executive leadership roles at several of the industry's most recognized companies. His team, known for its consis ...
Atlanta Braves Is Rising Even As Its Team Slides
Seeking Alpha· 2025-07-27 12:04
Group 1 - Atlanta Braves Holdings (NASDAQ: BATRA, NASDAQ: BATRK, OTCQB: BATRB) has outperformed the market by approximately 2% since the previous article published in March [1] - The financial markets are considered efficient, with most stocks reflecting their real current value, suggesting that the best investment opportunities arise from less-followed stocks or those mispriced in their markets [1] Group 2 - The analyst holds a beneficial long position in BATRA through stock ownership, options, or other derivatives, indicating a personal investment interest in the company [2]
Team, Inc. Announces Executive Promotion to Lead and Accelerate Transformation Effort
Globenewswire· 2025-07-24 21:12
Core Viewpoint - Team, Inc. has appointed Daniel Dolson as Executive Vice President, Chief Strategy and Transformation Officer to lead the company's transformation efforts aimed at achieving specific financial and operational targets set by the Board of Directors [1][3] Group 1: Transformation Plan - The transformation plan includes improving critical processes across the organization, generating annual cost savings and margin improvements, and increasing focus on commercial strategy and execution to drive consistent revenue growth worldwide [6] - Daniel Dolson brings over 25 years of operational and financial experience, having previously held executive roles at Dayton Superior Corporation and Associated Materials LLC, which positions him well to lead the transformation [2][3] Group 2: Leadership and Commitment - Keith D. Tucker, the CEO, expressed pride in the company's progress and emphasized the commitment to accelerate business performance and enhance capabilities through the transformation plan [3] - Michael J. Caliel, Executive Chair of the Board, highlighted the necessity of having a dedicated executive for the transformation, affirming Dolson's unique skill set and experience [3] Group 3: Company Overview - Team, Inc. is a global provider of specialty industrial services, offering a full suite of mechanical, heat-treating, and inspection services, with operations in over 20 countries [4] - The company focuses on delivering technological innovation combined with over a century of management expertise to enhance safety, reliability, and operational efficiency for its customers [4]
EVSX Expands Leadership Team
Thenewswire· 2025-07-24 12:20
Core Insights - St-Georges Eco-Mining Corp. has appointed Byron D'Silva as Chief Financial Officer and Director of its battery processing subsidiary, EVSX Corp. [1][2] - D'Silva brings over 15 years of experience in corporate finance and operational strategy, previously working at KPMG and Royal Bank of Canada [3] - His appointment is seen as a significant step in EVSX's growth as it scales its battery processing and critical mineral recovery operations [3] Company Overview - EVSX operates a battery processing line with a capacity of 12,500 tonnes per year, capable of recovering critical battery metals and repurposing materials back into the supply chain [5] - The facility is located in Thorold, Ontario, strategically positioned within a major automotive cluster in North America [5] - EVSX holds a three-year battery supply agreement with Call2Recycle and is expanding its battery supply partnerships [5] Compensation Details - As part of his compensation package, D'Silva was issued 500,000 options under the terms set for management [4] St-Georges Eco-Mining Corp. Overview - St-Georges develops new technologies and holds a diversified portfolio of assets, including several subsidiaries focused on advanced battery processing and critical minerals [6] - The company is involved in various initiatives, including metallurgical R&D, gold exploration, and technology development for methane conversion [6]
Maritime Commences Construction at Hammerdown, Adds to Technical Team
Newsfile· 2025-07-24 11:00
Core Viewpoint - Maritime Resources Corp. is advancing the Hammerdown Gold Project in Newfoundland and Labrador, focusing on site preparation and infrastructure development for mine operations [1][3]. Group 1: Project Development - Activity at Hammerdown is increasing, with crews engaged in civil earthworks, including overburden removal and construction of access roads and water management systems [3]. - The company has received the Certificate of Approval for full mine construction and operation, allowing for the establishment of key infrastructure [4]. - The Hammerdown site benefits from existing road access and a significant volume of blasted waste rock from previous mining operations [4]. Group 2: Technical and Management Enhancements - Several key project management appointments have been made to strengthen the technical team, including experienced professionals from various mining backgrounds [10]. - The mine geology team has identified and excavated material from the historic Richmont Mines ore pad, which is being processed at the Pine Cove mill [7]. Group 3: Government Support and Innovation - Maritime has secured funding of $154,000 from the provincial government to study a new reagent technology, GlyCat™, aimed at reducing sodium cyanide usage in gold production [9]. - The GlyCat™ technology is expected to lower detoxification costs and improve gold recoveries, with test work scheduled for the third quarter of 2025 [9].