Team, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Gary L. Hill
- Full Time Employees
- 5,300
- Sector
- Industrials
- Industry
- Specialty Business Services
- Address
- 13131 Dairy Ashford Sugar Land TX United States of America 77478
- IPO Date
- Oct 7, 1980
- CIK
- 0000318833
- Website
- teaminc.com
- Similar Companies
- Business
- Team, Inc. is a leading industrial services company specializing in asset integrity management, mechanical, heat-treating, inspection, and maintenance services primarily for the refining, petrochemical, power, pipeline, and heavy industrial sectors. Founded in 1973 and headquartered in Sugar Land, Texas, Team operates through two main segments: Inspection and Heat Treating (IHT) and Mechanical Services (MS). Its core product and service offerings include leak repair and leak sealing; hot tapping, line stopping, and valve insertion; mechanical inspection and testing such as non-destructive evaluation (NDE) including radiographic, ultrasonic, magnetic particle, liquid penetrant, and electromagnetic testing; field machining; controlled bolting; heat treating services including field heat treating and thermal process solutions; concrete repair; emissions control; flange management; specialty welding; tank management; rope access; and engineered lifts. The company serves clients with more than 220 service locations across North America and internationally across five continents, including subsidiaries in England, Trinidad, and Singapore. Recent major developments include initiatives in 2024 to improve operational efficiencies and financial performance highlighted by a 28% increase in adjusted EBITDA to $54.3 million, driven by cost reduction and margin enhancement efforts. Team completed a refinancing transaction in early 2025 to enhance financial flexibility by lowering its cost of capital, supporting organic growth and debt reduction strategies. The company also launched near-term cost-saving actions targeting approximately $10 million in annualized savings and has executed strategic steps to improve performance in its Canadian operations. Technologically, Team expanded its service offerings and capabilities with advanced asset and project solutions including robotic inspections, unmanned vehicles, remote monitoring, and a digital Products and Services Portal for online ordering of valves, pipeline products, and repair services. The company is focused on mid-single-digit revenue growth and aims to achieve a 10% adjusted EBITDA margin as it advances its commercial initiatives and operational execution in 2025. Team, Inc. continues to leverage its century-old heritage from its acquisition of Furmanite, a pioneer in leak sealing, to maintain leadership in industrial maintenance and integrity solutions across multiple global industrial markets. Its extensive product and service portfolio ensures safety, operational reliability, and cost efficiency for critical infrastructure assets in the energy, petrochemical, power generation, and manufacturing industries worldwide. The company employs approximately 5,400 people and operates through a network of customer service locations to deliver rapid response and customized solutions to complex industrial challenges.
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