 SUGAR LAND, Texas, March 9, 2021 PRNewswire -- Team, Inc. NYSE: TISI, a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today reported its financial results for the fourth quarter and full year ended Dec. 31, 2020. Full Year Highlights: Reduced full year SGA by 67.3 million or 20.5 as compared to 2019 Achieved full year cost savings of 110 million permanent and variable Generated full year operating cash flow of 52.8 million Free cash flow generation of 32.8 million highest level since 2016 Successfully refinanced capital structure, extended debt maturities, and repurchased 137 million of senior convertible notes Fourth Quarter Highlights: Reduced quarterly SGA by 17.2 million or 21.6 as compared to Q4 2019 Cost savings of 35 million in Q4 2020 Operating cash flow of 32.6 million Free cash flow generation of 29.3 million in Q4 2020 The last twelve months have been challenging across the globe, but I am proud of what we achieved, said Amerino Gatti, TEAMs Chairman and Chief Executive Officer. 