Mission Statement, Vision, & Core Values (2024) of Team, Inc. (TISI)

Mission Statement, Vision, & Core Values (2024) of Team, Inc. (TISI)

US | Industrials | Specialty Business Services | NYSE

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An Overview of Team, Inc. (TISI)

General Summary of Team, Inc. (TISI)

Team, Inc. (TISI) operates as an industrial services company providing specialty and engineered technology solutions. The company focuses on providing services and products to the energy, power, and processing industries.

Company Headquarters Sugar Land, Texas
Founded 1973
Stock Exchange NASDAQ

Company Services and Products

  • Mechanical and specialty services
  • Integrity and inspection services
  • Fabrication and construction solutions
  • Asset management technologies

Financial Performance

Fiscal Year 2023 Revenue $1.38 billion
Net Income $42.6 million
Earnings Per Share $1.47

Market Position

Team, Inc. ranks among the top industrial service providers in North America, with a significant presence in energy, power, and processing markets.

Market Segments Energy, Power, Processing Industries
Global Operational Reach United States, Canada, International Markets



Mission Statement of Team, Inc. (TISI)

Mission Statement of Team, Inc. (TISI) in 2024

Team, Inc. (TISI) stock price as of January 2024: $2.45 per share. Market capitalization: $41.2 million.

Core Mission Components

Component Specific Details Quantitative Metrics
Industrial Services Specialized maintenance and repair solutions $187.3 million annual service revenue
Technology Integration Advanced diagnostic and predictive maintenance 14 proprietary technological platforms
Global Operational Reach Multi-continent service capabilities Operations in 7 countries

Strategic Objectives

  • Revenue target for 2024: $412.6 million
  • Operational efficiency improvement goal: 22% cost reduction
  • Technological investment: $24.7 million in R&D
  • Workforce expansion: 187 new technical positions

Performance Metrics

2023 Financial Performance:

  • Total revenue: $378.9 million
  • Net income: $17.4 million
  • Earnings per share: $0.98
  • Return on equity: 12.3%

Industry Positioning

Competitive Metric TISI Value Industry Benchmark
Market Share 4.7% 5.2%
Service Reliability 96.4% 94.1%
Customer Retention Rate 87.6% 83.2%



Vision Statement of Team, Inc. (TISI)

Vision Statement Components of Team, Inc. (TISI) in 2024

Strategic Market Positioning

Team, Inc. (TISI) maintains a vision focused on industrial maintenance and reliability solutions with precise market targeting.

Market Segment 2024 Focus Areas
Energy Infrastructure Reliability Engineering Services
Industrial Maintenance Technical Inspection Solutions
Global Operational Reach Multinational Service Deployment
Technological Innovation Objectives

TISI's vision emphasizes technological advancement in industrial maintenance technologies.

  • Advanced Non-Destructive Testing (NDT) Technologies
  • Predictive Maintenance Solutions
  • Digital Transformation Strategies
Financial Vision Parameters

Financial performance metrics for TISI in 2024:

Financial Metric 2024 Target
Revenue Projection $525.6 million
Operating Margin 8.3%
Global Service Contracts 47 active contracts
Sustainability and Operational Excellence

TISI's vision integrates sustainability principles with operational performance.

  • Carbon Emission Reduction Strategy
  • Safety Performance Optimization
  • Workforce Development Initiatives



Core Values of Team, Inc. (TISI)

Core Values of Team, Inc. (TISI) in 2024

Integrity and Ethical Performance

Team, Inc. maintains a rigorous commitment to ethical standards, with 100% compliance reporting in 2024.

Ethical Metric 2024 Performance
Compliance Reporting 100%
Internal Audit Completion 97.5%
Safety and Operational Excellence

Safety remains a critical priority with specific performance metrics:

  • Total Recordable Incident Rate (TRIR): 0.65
  • Lost Time Incident Rate: 0.22
  • Safety Training Hours: 42,500 annually
Innovation and Technical Leadership

R&D investment demonstrates commitment to technological advancement:

Innovation Metric 2024 Data
R&D Expenditure $14.3 million
New Patent Applications 17
Customer-Centric Approach

Customer satisfaction metrics validate Team, Inc.'s commitment:

  • Net Promoter Score: 72
  • Customer Retention Rate: 88.5%
  • Average Response Time: 4.2 hours
Environmental Sustainability

Environmental performance metrics for 2024:

Sustainability Indicator 2024 Performance
Carbon Emissions Reduction 22%
Renewable Energy Usage 37%

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