Quarterly ResultMay 13, 2026, 04:42 PM
TEAM INC Q1 Revenue $215.1M; Net Loss $(11.3)M, EPS $(3.12)
AI Summary
TEAM INC reported first-quarter 2026 revenues of $215.1 million, an increase from $198.7 million in the prior year. The company significantly reduced its net loss to $(11.3) million, or $(3.12) per common share, compared to a net loss of $(29.7) million, or $(6.61) per common share, in Q1 2025. The company also reclassified its Emission Control Services from the MS segment to the IHT segment and accrued a $10.0 million liability for legal claims, fully offset by insurance receivables.
Key Highlights
- Q1 2026 Revenue increased to $215.1 million from $198.7 million in Q1 2025.
- Net loss significantly reduced to $(11.3) million in Q1 2026 from $(29.7) million in Q1 2025.
- Basic and diluted loss per common share improved to $(3.12) from $(6.61) year-over-year.
- Operating loss improved to $(3.4) million in Q1 2026 from $(6.0) million in Q1 2025.
- Net cash used in operating activities improved to $(9.1) million from $(28.7) million year-over-year.
- IHT segment revenue was $123.4 million in Q1 2026, up from $113.6 million year-over-year.
- MS segment revenue was $91.7 million in Q1 2026, up from $85.0 million year-over-year.
- Accrued $10.0 million liability for Kelli Most litigation, fully offset by insurance.
Price Impact
More from TISI