Earnings Analysis for TEAM

Revenue Analysis:

Over the past three years, Total Revenue for TEAM showed a positive increment in 2024, amounting to $1,189,128,000 compared to $939,098,000 in June 2023. The Operating Revenue also increased from $885,638,000 in June 2023 to $1,100,885,000 in March 2024. The Gross Profit improved significantly to $975,703,000 in March 2024 from $769,322,000 in June 2023, suggesting enhanced revenue management and possibly better cost efficiencies in production or scaling.

Cost Management:

Cost of Revenue was fairly steady, with $213,425,000 reported in March 2024. When considering Operating Expense, there was a notable rise to $957,899,000 in March 2024 from $819,711,000 in June 2023. Total Expenses skyrocketed from $989,487,000 in June 2023 to $1,171,324,000 in March 2024, indicating potential increases in operational activities or additional costs incurred.

Profitability Analysis:

The EBITDA turned positive in March 2024, reaching $51,692,000 compared to negative values throughout previous quarters. Operating Income also showed a tremendous improvement to $17,804,000 in March 2024 from significant losses previously. This suggests a turnaround in operational efficiency or cost management. Pretax Income was robust at $19,775,000 in March 2024, a stark contrast to losses in past years. Net Income was reported at $12,752,000 in March 2024, indicating a recovery from continuous net losses in prior periods.

Cash Flow Indicators:

Reconciled Depreciation was $23,464,000 in March 2024, maintaining relatively steady figures across examined periods. Interest Expense was managed at $8,453,000 in March 2024, within a similar range from earlier quarters, showcasing controlled debt service costs relative to revenue and income stabilization.

Taxation:

The Tax Rate varied significantly, at 0.21 in earlier quarters and rising to 0.355145 by March 2024, reflecting changes possibly in tax regimes or income levels. Tax Provision was recorded as $7,023,000 in March 2024, compared to higher provisions in the loss periods, possibly due to adjustments in taxable income. The Tax Effect Of Unusual Items was consistently zero, indicating no major irregular tax-related activities.

Shareholder Metrics:

Diluted and Basic EPS showed recovery in March 2024, both at $0.05, compared to negative values previously, which likely reassured the investors about the company’s turn towards profitability. Diluted and Basic Average Shares indicated a slight increase in stock dilution, but consistent with capital expansion strategies. Net Income Available to Common Stockholders was reported at $12,752,000 in March 2024, mirroring the total net income, ensuring that profit allocations are shareholder-aligned.

Conclusion:

After battling through periods of financial losses, TEAM appears to be showing signs of substantial recovery and operational improvement as of the first quarter of 2024. This turnaround, evidenced by positive figures in net income, EBITDA, and operational income, could instill confidence in stakeholders. The management should continue optimizing operations and perhaps explore further market opportunities to sustain and enhance profitability.