Team, Inc. is the industrial 'doctor' that inspects, repairs, and maintains critical pipes, tanks, and furnaces at refineries and power plants, using X-rays, robots, and leak-sealing services to keep heavy industry running safely.
Revenue is roughly USD 0.90B annually, with gross margins around 25%, but net losses persist (USD -0.05B in 2025). The Inspection and Heat Treating segment is the core revenue driver, though the business is not yet profitable overall.
Competitors like Intertek and Applus+ offer similar inspection services, but Team's niche in leak repair and robotic furnace tube inspection creates switching costs for plant operators. However, the moat is eroding as larger players like SGS and Bureau Veritas
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Team, Inc. is discussed as a turnaround play with activist involvement, following a significant sale by a major owner.
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10% Owner (Corre Partners Management, LLC) at TEAM INC $TISI sold $56.95M (largest sale ever, out of 5). This decreased their listed holdings by -100%. Reversal: they made 11 straight purchases before this sale. https://t.co/kSqPiovWV0
$TISI of course I sold my shares at 16.2😢 Before they announced this: https://app.tracktacle.com/publication/doc/0001193125-26-342799?source=SEC&format=html https://t.co/9rVw1oMj3o
Microcap Earnings Calls I’m tracking tomorrow + why: $MDP.TO New drug momentum $TISI Turnaround + activist $ACCS Competitive environment $BWEN Turbine business pulse $ATGN Hail Mary $FF Nice Q per @GrumpierBTDay $TACT Recurring revenue push $OPXS Backlog trends @InfoArbMonitor ht
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