Quarterly ResultMay 13, 2026, 04:32 PM
Team Inc. Q1 Revenue $215.1M, +8.3%; Adj. EBITDA $7.7M, +45.2%
AI Summary
Team Inc. reported a solid start to 2026 with first-quarter revenues increasing 8.3% year-over-year to $215.1 million, marking its highest Q1 revenue since 2019. The company significantly improved its net loss by $18.4 million to $11.3 million and saw a 45.2% rise in Adjusted EBITDA to $7.7 million. Both Inspection & Heat-Treating and Mechanical Services segments contributed to the growth. The company also provided optimistic full-year 2026 guidance, projecting revenue growth of approximately 4% and Adjusted EBITDA growth of 16% at the midpoint over 2025 results.
Key Highlights
- Q1 2026 revenue grew 8.3% year-over-year to $215.1 million.
- Reported a net loss of $11.3 million, an $18.4 million improvement over Q1 2025.
- Adjusted EBITDA increased 45.2% to $7.7 million (3.6% of revenue).
- Inspection & Heat-Treating (IHT) segment revenue rose 8.6% to $123.4 million.
- Mechanical Services (MS) segment revenue increased 7.8% to $91.7 million.
- Full-year 2026 revenue guidance is $920 million to $945 million, up 4% at midpoint.
- Full-year 2026 Adjusted EBITDA guidance is $68 million to $73 million, up 16% at midpoint.
- Total liquidity stood at $49.2 million as of March 31, 2026.