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| 8-K - 8-K - TEAM INC | d610808d8k.htm |
Exhibit 99.1
Supplemental quarterly and annual segment financial and operational information
In the first quarter of our current fiscal year ending May 31 2014, we announced a new business unit alignment into three operating segments—Inspection and Heat Treating (“IHT”), Mechanical Services (“MS”) and Quest Integrity Group (“Quest”). On October 8, 2013, we filed our first Form 10-Q with segment disclosure for the new operating segments for the quarter ending August 31, 2013. The following table presents selected historical quarterly and annual financial information for fiscal years 2013 and 2012 in the same operating segment format as presented in our 10-Q filing for the quarter ended August 31, 2013. (dollars in thousands):
| Three Months Ended | Year Ended | |||||||||||||||||||
| August 31, 2012 |
November 30, 2012 |
February 28, 2013 |
May 31, 2013 |
May 31, 2013 |
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| (unaudited) | (unaudited) | (unaudited) | (unaudited) | (unaudited) | ||||||||||||||||
| Revenues: |
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| IHT |
$ | 82,210 | $ | 108,935 | $ | 81,227 | $ | 108,146 | $ | 380,518 | ||||||||||
| MS |
65,327 | 76,171 | 59,513 | 75,349 | 276,360 | |||||||||||||||
| Quest |
13,955 | 15,542 | 10,235 | 17,701 | 57,433 | |||||||||||||||
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| $ | 161,492 | $ | 200,648 | $ | 150,975 | $ | 201,196 | $ | 714,311 | |||||||||||
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| Operating Income: |
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| IHT |
$ | 9,659 | $ | 16,313 | $ | 3,368 | $ | 13,384 | $ | 42,724 | ||||||||||
| MS |
7,244 | 10,459 | 2,490 | 7,116 | 27,309 | |||||||||||||||
| Quest |
3,021 | 2,985 | (62 | ) | 3,456 | 9,400 | ||||||||||||||
| Corporate and shared support |
(7,100 | ) | (6,717 | ) | (5,187 | ) | (4,827 | ) | (23,831 | ) | ||||||||||
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| $ | 12,824 | $ | 23,040 | $ | 609 | $ | 19,129 | $ | 55,602 | |||||||||||
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| Depreciation and Amortization: |
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| IHT |
$ | 1,748 | $ | 2,090 | $ | 1,866 | $ | 1,969 | $ | 7,673 | ||||||||||
| MS |
1,709 | 1,685 | 1,771 | 1,842 | 7,007 | |||||||||||||||
| Quest |
980 | 1,175 | 1,038 | 1,225 | 4,418 | |||||||||||||||
| Corporate and shared support |
136 | 131 | 125 | 174 | 566 | |||||||||||||||
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| $ | 4,573 | $ | 5,081 | $ | 4,800 | $ | 5,210 | $ | 19,664 | |||||||||||
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| Three Months Ended | Year Ended | |||||||||||||||||||
| August 31, 2011 |
November 30, 2011 |
February 28, 2012 |
May 31, 2012 |
May 31, 2012 |
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| (unaudited) | (unaudited) | (unaudited) | (unaudited) | (unaudited) | ||||||||||||||||
| Revenues: |
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| IHT |
$ | 69,585 | $ | 80,916 | $ | 69,817 | $ | 94,091 | $ | 314,409 | ||||||||||
| MS |
64,060 | 67,297 | 59,932 | 77,621 | 268,910 | |||||||||||||||
| Quest |
7,448 | 10,060 | 6,774 | 16,139 | 40,421 | |||||||||||||||
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| $ | 141,093 | $ | 158,273 | $ | 136,523 | $ | 187,851 | $ | 623,740 | |||||||||||
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| Operating Income: |
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| IHT |
$ | 8,153 | $ | 11,074 | $ | 4,370 | $ | 14,849 | $ | 38,446 | ||||||||||
| MS |
10,226 | 10,585 | 4,727 | 12,316 | 37,854 | |||||||||||||||
| Quest |
592 | 1,486 | (865 | ) | 4,047 | 5,260 | ||||||||||||||
| Corporate and shared support |
(7,216 | ) | (6,065 | ) | (4,776 | ) | (7,006 | ) | (25,063 | ) | ||||||||||
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| $ | 11,755 | $ | 17,080 | $ | 3,456 | $ | 24,206 | $ | 56,497 | |||||||||||
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| Depreciation and Amortization: |
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| IHT |
$ | 1,746 | $ | 1,732 | $ | 1,718 | $ | 1,765 | $ | 6,961 | ||||||||||
| MS |
1,359 | 1,384 | 1,641 | 1,630 | 6,014 | |||||||||||||||
| Quest |
764 | 829 | 960 | 963 | 3,516 | |||||||||||||||
| Corporate and shared support |
270 | 251 | 259 | 198 | 978 | |||||||||||||||
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| $ | 4,139 | $ | 4,196 | $ | 4,578 | $ | 4,556 | $ | 17,469 | |||||||||||
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