Filing Flows › Team (TISI) › Q4 2024
Team (TISI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 19, 2025
Team (TISI) reported revenue of $213M for the fourth quarter 2024 (Q4 2024), -0.4% from a year earlier and +1% from the quarter before. Operating margin was 1.0%, net loss $7.2M (3.4% of revenue).
Team, Q4 2024: revenue $213M (-0.4% year over year), operating margin 1.0%, net loss $7.2M, operating cash flow $21.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $213M | +1% | -0.4% |
| Operating profit | $2.2M | — | — |
| Net earnings | −$7.2M | — | — |
| Operating cash flow | $21.6M | +286% | +95% |
| Free cash flow | $19.6M | — | +143% |
What changed
Revenue was $213.3M in Q4 2024, roughly flat year over year and up 1% from the previous quarter. Repair and Maintenance Services was the largest line at 49% of revenue.
Gross margin was 26.9%, up 3.3 points from a year earlier. Operating profit was $2.2M, a 1.0% margin (up 5.2 points year over year). Operating expenses fell 7% while revenue was flat. The quarter ended with a net loss of $7.2M, narrower than the previous quarter's $11.1M loss. Net interest and other expense of $8.2M was the main reason.
Operating cash flow was $21.6M (up 95% year over year). Non-cash charges added back $8.4M of depreciation and amortization and $529K of share-based compensation. Working capital and other items added $19.9M. After capital expenditures ($2.0M), free cash flow as the company reports it was $19.6M.
Questions
What was Team's revenue in the fourth quarter 2024?
Team (TISI) reported revenue of $213M for the fourth quarter 2024 (Q4 2024), -0.4% from a year earlier and +1% from the quarter before.
Was Team profitable in the fourth quarter 2024?
Operating profit was $2.2M (1.0% of revenue) and net loss $7.2M.
Source: Team 10-K on SEC EDGAR.