Fubotv earnings beat by $0.10, revenue topped estimates
SUGAR LAND, Texas - Team, Inc. (NYSE:TISI) announced Thursday the promotion of Daniel Dolson to Executive Vice President, Chief Strategy and Transformation Officer. The announcement comes as the company, currently valued at $76.21 million, faces significant operational challenges according to InvestingPro analysis.
In his new role, Dolson will lead the company’s transformation efforts aimed at meeting financial and operational targets established by the board of directors. The transformation plan focuses on improving critical processes, generating cost savings, enhancing margins, and driving consistent global revenue growth. This transformation comes at a crucial time, as InvestingPro data shows the company operating with a significant debt burden, with a total debt to capital ratio of 0.84. Despite challenges, the stock has shown resilience with a 32.49% gain year-to-date.
Dolson, who joined Team in October 2024, brings over 25 years of operational and financial experience. Prior to Team, he served as Executive Vice President at Dayton Superior Corporation, where he led commercial initiatives that improved margins and operating EBITDA. Earlier in his career, he worked as Vice President - Operations Controller at Associated Materials LLC.
"As we seek to accelerate business performance, enhance capabilities and drive continuous improvement, our team is committed to achieving the goals of our transformation plan," said Keith D. Tucker, Team’s Chief Executive Officer.
Michael J. Caliel, Team’s Executive Chair of the Board, added, "Our transformation program requires a dedicated executive exclusively focused on it."
Dolson will continue to report to Tucker while also providing regular updates to the board on transformation progress.
Team, Inc., headquartered in Sugar Land, Texas, provides specialty industrial services including mechanical, heat-treating, and inspection services through locations in more than 20 countries. The company generated $851.33 million in revenue over the last twelve months, with an EBITDA of $46.01 million. For deeper insights into Team Inc.’s financial health and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US equities.
This information is based on a company press release statement.
In other recent news, Team Inc. reported its Q1 2025 earnings, revealing stable revenue compared to the previous year. The company achieved a gross margin of 23% and an adjusted EBITDA of $5.3 million. Despite facing an adjusted net loss of $14.9 million, Team Inc. highlighted its strategic initiatives focused on cost optimization and debt refinancing. These efforts appear to have positively impacted investor sentiment. The company’s recent developments have captured attention, particularly with the emphasis on financial restructuring. While stock price movements were noted, they are not the primary focus of these updates. Analysts have yet to provide any upgrades or downgrades following this earnings report. Team Inc.’s strategic focus remains a key area of interest for stakeholders.
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