Team is a provider of standard to specialty industrial services, including inspection, engineering assessment and mechanical repair and remediation required in maintaining high temperature and high-pressure piping systems and vessels that are utilized extensively in the refining, petrochemical, power, pipeline and other heavy industries. The Company conducts operations in three segments: TeamQualspec Group, TeamFurmanite Group, and Quest Integrity. TeamQualspec provides standard and advanced nondestructive testing services for the process, pipeline and power sectors, pipeline integrity management services, field heat treating services, as well as associated engineering and assessment services. These services can be offered while facilities are running (on-stream), during facility turnarounds or during new construction or expansion activities. TeamFurmanite, is a mechanical services segment, provides turnaround and on-stream services. Turnaround services are project-related and demand is a function of the number and scope of scheduled and unscheduled facility turnarounds as well as new industrial facility construction or expansion activities. The turnaround services TeamFurmanite provides include field machining, technical bolting, field valve repair, heat exchanger repair, and isolation test plugging services. On-stream services offered by TeamFurmanite represent the services offered while plants are operating and under pressure. These services include leak repair, fugitive emissions control, and hot tapping. Quest Integrity provides integrity and reliability management solutions for the process, pipeline and power sectors. These solutions encompass two disciplines: highly specialized in-line inspection services for unpiggable process piping and pipelines using proprietary in-line inspection tools and analytical software; and advanced condition assessment services through a multi-disciplined engineering team.

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Type
Public
HQ
Sugar Land, US
Founded
1973
Size (employees)
7,400 (est)
Team was founded in 1973 and is headquartered in Sugar Land, US
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Team Office Locations

Team has an office in Sugar Land
Sugar Land, US (HQ)
13131 Dairy Ashford Rd
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Team Financials and Metrics

Team Financials

Team's revenue was reported to be $1.20 b in FY, 2017
USD

Revenue (FY, 2017)

1.2 b

Net income (FY, 2017)

(104.2 m)

EBIT (FY, 2017)

(115.1 m)

Market capitalization (25-Apr-2018)

504.4 m

Cash (31-Dec-2017)

26.6 m

EV

865.6 m
Team's current market capitalization is $504.4 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

749.5 m842 m571.7 m1.2 b

Revenue growth, %

12%(32%)

General and administrative expense

189.5 m142.6 m348.4 m

Operating expense total

189.5 m142.6 m348.4 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Revenue

200.5 m163.2 m188.1 m240.6 m174.6 m222.7 m280.9 m

General and administrative expense

43.4 m40.7 m44.5 m50.2 m43.8 m58.1 m64.8 m

Operating expense total

43.4 m40.7 m44.5 m50.2 m43.8 m58.1 m64.8 m

EBIT

23.9 m1 m11.8 m28.7 m2.9 m4.4 m19.4 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

34.7 m33.2 m46.2 m26.6 m

Accounts Receivable

63.4 m

Inventories

8.3 m10.6 m25.8 m49.7 m

Current Assets

248.8 m288.7 m401.4 m397.1 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

36.6 m39.5 m31.5 m41 m35.6 m40 m46.5 m88.3 m65.4 m38.2 m23.7 m29.2 m26.7 m

Inventories

26.6 m26.3 m26.5 m26.7 m28.1 m29.2 m28.5 m66 m54.3 m52.4 m50.4 m51.3 m22.5 m

Current Assets

259.1 m235.4 m243.5 m299.6 m252.1 m301.3 m342.2 m509.8 m480 m428.3 m369.8 m385.2 m383.9 m

PP&E

79.7 m85.4 m91.4 m92 m93.1 m119 m123.2 m201 m206.3 m212 m205.3 m204.3 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

30.1 m40.5 m8.9 m(104.2 m)

Depreciation and Amortization

21.5 m22.8 m19.4 m52.1 m

Inventories

(17 k)(2.5 m)(111 k)614 k

Accounts Payable

(295 k)10.8 m(13.4 m)6.4 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017

Net Income

14.6 m(971 k)7.1 m17.6 m329 k1.4 m11.5 m

Inventories

26.5 m26.7 m28.1 m29.2 m28.5 m66 m54.3 m52.4 m50.4 m22.5 m

Accounts Payable

21.4 m29.1 m21.5 m25.6 m31.6 m38.5 m51.9 m49.4 m40.8 m44.1 m
USDY, 2017

EV/EBIT

-7.5 x

EV/CFO

-63.1 x

EV/FCF

-17.1 x

Revenue/Employee

162.2 k

Financial Leverage

2.3 x
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