Team, Inc. Announces Change in Fiscal Year End
Team's next fiscal year will end on
December 31, 2015, resulting in a 7-month transition period from June 1, 2015to December 31, 2015. Team will report one-time, 7-month transitional financial statements for the period from June 1, 2015through December 31, 2015in March 2016.
While optional, Team will provide its normally scheduled interim financial results for the second quarter period ending
November 30, 2015in January 2016.
Team will provide recasted historical financial information in the first quarter of 2016 to assist investors in evaluating the impact the change in fiscal year will have on the previously reported quarterly and annual operating results for the years ending
December 31, 2014and 2015.
Certain forward-looking information contained herein is being provided in accordance with the provisions of the Private Securities Litigation Reform Act of 1995. We have made reasonable efforts to ensure that the information, assumptions and beliefs upon which this forward-looking information is based are current, reasonable and complete. Such forward-looking statements involve estimates, assumptions, judgments and uncertainties. There are known and unknown factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking information. Such known factors are detailed in the Company's Annual Report on Form 10-K and in the Company's Quarterly Reports on Form 10-Q as filed with the
Greg L. Boane(281)588-3341
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Investor Relations Contact
Susan M. Ball, Executive Vice President & Chief Financial Officer, Phone: 1-800-662-8326
TEAM, Inc., 13131 Dairy Ashford, Suite 600, Sugar Land, TX 77478, United States Of America