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More on Team's Q4 beat

Published 03/14/2018, 12:08 PM
Updated 03/14/2018, 12:08 PM
© Reuters.  More on Team's Q4 beat
  • Team (TISI -6.2%) reports TeamQualspec revenue dropped 3.1% to $148.69M in Q4.
  • TeamFurmanite revenue fell 1.9% to $144.82M.
  • Quest Integrity revenue rose 21.3% to $22.83M, driven by higher activity levels in its inspection and assessment services.
  • Gross margin rate decreased 150 bps to 25.8% for the period.
  • SG&A expense rate improved 110 bps to 26.2%.
  • Adjusted EBIT margin rate advanced 30 bps to 2.5%.
  • Adjusted EBITDA grew 11% to $23.4M (margin expansion of 80 bps).
  • Previously: Team beats by $0.42, beats on revenue (March 13)
  • Now read: MoneyOnMobile (MOMT) Presents At LD Micro Virtual Conference 2018 - Slideshow


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