Team, Inc. (TISI) Reports In-Line Q3 EPS

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Team, Inc. Reports Third Quarter Fiscal Year 2015 Adjusted Earnings of $0.11 Per Share; Reaffirms FY 2015 Adjusted Earnings Target of $2.00 Per Share

April 7, 2015 4:06 PM EDT

SUGAR LAND, Texas, April 7, 2015 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) today announced financial results for the third quarter ending February 28, 2015 of fiscal year 2015. Team reported adjusted earnings of $2.4 million ($0.11 per diluted share), versus adjusted earnings of $0.2 million ($0.01 per diluted share) for the prior year quarter. Revenues for the current year quarter increased by 7% to $174.6 million compared to revenues of $163.2 million for the prior year quarter. (Adjusted earnings in the current quarter exclude non-routine charges not indicative of Team's ongoing operating activities of $2.1 million (net of tax), or $0.10 per diluted share, related to a loss on... More

Team, Inc. Reports Third Quarter Fiscal Year 2015 Adjusted Earnings of $0.11 Per Share; Reaffirms FY 2015 Adjusted Earnings Target of $2.00 Per Share

April 7, 2015 4:06 PM EDT

SUGAR LAND, Texas, April 7, 2015 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) today announced financial results for the third quarter ending February 28, 2015 of fiscal year 2015. Team reported adjusted earnings of $2.4 million ($0.11 per diluted share), versus adjusted earnings of $0.2 million ($0.01 per diluted share) for the prior year quarter. Revenues for the current year quarter increased by 7% to $174.6 million compared to revenues of $163.2 million for the prior year quarter. (Adjusted earnings in the current quarter exclude non-routine charges not indicative of Team's ongoing operating activities of $2.1 million (net of tax), or $0.10 per diluted share, related to a loss on... More