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TEAM REPORTS RESULTS OF OPERATIONS FOR THE FIRST QUARTER OF FISCAL 1994

 HOUSTON, Oct. 5 /PRNewswire/ -- Team, Inc. (AMEX: TMI) today announced operating results for its first quarter ended Aug. 31, 1993. Revenues from continuing operations for the quarter were $16,473,000 compared to $18,422,000 for the first quarter of the prior year. Net earnings from continuing operations for the first quarter of fiscal 1994 were $204,000 or $.04 per share compared to $375,000, or $.07 per share for the first quarter of fiscal 1993. The current quarter's net earnings from continuing operations of $.04 per share were up from $.01 per share reported for the prior quarter.
 "We are disappointed at the continued lack of momentum in our economy," stated H. Wesley Hall, president and chairman of the board. "However, the cost controls implemented throughout last fiscal year have been effective, as evidenced by our improved earnings over the prior quarter, and should allow us to weather these current conditions and maintain profitability until the economy improves, without jeopardizing the company's ability to provide quality services to its customers. When the economy does begin to improve, Team will be positioned to benefit from the opportunities that will come available."
 Team, Inc. is a professional, full-service provider of environmental consulting, engineering, monitoring and repair services to America's industrial and governmental entities. Headquartered in Houston, the company has 48 customer service locations in 23 states and one international location in England. The company also serves the international market through licensee arrangements in 14 countries.
 TEAM, INC.
 Summary Of Operating Results
 Three months ended Aug. 31, 1993 1992
 Revenues $16,473,000 $18,422,000
 Pre-tax earnings from
 continuing operations $ 402,000 $ 688,000
 Net earnings from continuing
 operations $ 204,000 $ 375,000
 Net earnings per common share $ .04 $ .07
 Weighted average number of
 shares outstanding 5,159,000 5,154,000
 -0- 10/5/93
 /CONTACT: Russell G. Donham, treasurer of Team, Inc., 713-659-3600/
 (TMI)


CO: Team, Inc. ST: Texas IN: ENV SU: ERN

SH -- NY018 -- 8742 10/05/93 09:36 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
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