Team, Inc. Showcases Strategic Vision With New Investor Presentation and Recording
May 21 2024 - 4:30PM
Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”),
a global, leading provider of specialty industrial services
offering clients access to a full suite of conventional,
specialized, and proprietary mechanical, heat-treating, and
inspection services, today announced that it has posted an updated
investor presentation on the Company’s website www.teaminc.com,
coupled with a recording where TEAM’s Chief Executive Officer Keith
Tucker and Chief Financial Officer Nelson Haight discuss the key
highlights of the presentation.
Keith D. Tucker, Team’s Chief Executive Officer
commented, “We have posted an updated investor presentation on our
website that reintroduces TEAM’s capabilities, outlines our
strategic vision and discusses our recent results. In addition to
the presentation, we recorded a brief conversation where we present
the key points of the slides, and we encourage investors to listen
as we walk through the presentation slide by slide. Our
presentation conveys our belief in TEAM’s operational capabilities,
our talented employees and our ability to further unlock the value
that we believe is inherent in this Company.”
About Team, Inc.
Headquartered in Sugar Land, Texas, Team, Inc.
(NYSE: TISI) is a global, leading provider of specialty industrial
services offering clients access to a full suite of conventional,
specialized, and proprietary mechanical, heat-treating, and
inspection services. We deploy conventional to highly specialized
inspection, condition assessment, maintenance, and repair services
that result in greater safety, reliability, and operational
efficiency for our client’s most critical assets. Through locations
in 15 countries, we unite the delivery of technological innovation
with over a century of progressive, yet proven integrity and
reliability management expertise to fuel a better tomorrow. For
more information, please visit www.teaminc.com.
Certain forward-looking information contained
herein is being provided in accordance with the provisions of the
Private Securities Litigation Reform Act of 1995. We have made
reasonable efforts to ensure that the information, assumptions, and
beliefs upon which this forward-looking information is based are
current, reasonable, and complete. However, such forward-looking
statements involve estimates, assumptions, judgments, and
uncertainties. They include but are not limited to statements
regarding the Company’s financial prospects and the implementation
of cost-saving measures. There are known and unknown factors that
could cause actual results or outcomes to differ materially from
those addressed in the forward-looking information. Although it is
not possible to identify all of these factors, they include, among
others: the Company’s ability to generate sufficient cash from
operations, access its credit facility, or maintain its compliance
with covenants under its credit facility and debt agreement, the
duration and magnitude of accidents, extreme weather, natural
disasters, and pandemics and related global economic effects and
inflationary pressures, the Company’s liquidity and ability to
obtain additional financing, the Company’s ability to continue as a
going concern, the Company’s ability to execute on its cost
management actions, the impact of new or changes to existing
governmental laws and regulations and their application, including
tariffs; the outcome of tax examinations, changes in tax laws, and
other tax matters; foreign currency exchange rate and interest rate
fluctuations; the Company’s ability to successfully divest assets
on terms that are favorable to the Company; our ability to repay,
refinance or restructure our debt and the debt of certain of our
subsidiaries; anticipated or expected purchases or sales of assets;
the Company’s continued listing on the New York Stock Exchange, and
such known factors as are detailed in the Company’s Annual Report
on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K, each as filed with the Securities and Exchange
Commission, and in other reports filed by the Company with the
Securities and Exchange Commission from time to time. Accordingly,
there can be no assurance that the forward-looking information
contained herein, including statements regarding the Company’s
financial prospects and the implementation of cost-saving measures,
will occur or that objectives will be achieved. We assume no
obligation to publicly update or revise any forward-looking
statements made today or any other forward-looking statements made
by the Company, whether as a result of new information, future
events or otherwise, except as may be required by law.
Contact:Nelson M. HaightExecutive Vice
President, Chief Financial Officer(281) 388-5521
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