Team, Inc. (TISI) reported mixed second-quarter 2024 financial results, featuring margin expansion despite a decline in revenues. Cost-cutting measures and efficiency improvements helped mitigate the impacts of reduced activity in key segments, Inspection and Heat Treating (IHT) and Mechanical Services (MS). While revenues dipped 4.5% year-over-year, enhanced margins and disciplined expense management enabled Team to narrow its net loss and improve operating income.
