 SUGAR LAND, Texas, May 4, 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 first quarter ended March 31, 2021. First Quarter 2021 Results: Revenue of 194.6 million, down 42.2 million, or 17.8, from Q1 2020 Gross margin was 43.7 million, or 22.5, slightly below the 24.3 from Q1 2020 Reduced quarterly SGA by 12.3 million or 15.7 as compared to Q1 2020 Strong decremental despite a 17.8 drop in revenue, as a result of disciplined cost management TEAMs first quarter results were adversely impacted by numerous headwinds, said Amerino Gatti, TEAMs Chairman and Chief Executive Officer. 