Display category name out-of-loop (The Events Calendar)

// We only want to run this for single instances
if (is_single()) {
    // Load the categories associated with this event
    $terms = get_the_terms(get_the_ID(), TribeEvents::TAXONOMY);

    // If any were returned, display the name of the *first* category
    if (count($terms) > 0) {
        $category = array_shift($terms);
        echo $category->name;
    }
}