Industrial services firm Team's Q3 revenue rises, driven by mechanical services, inspection segments

Team

12/11/2025 21:55

Nov 12 (Reuters) -
Overview

Team Inc Q3 2025 revenue grows 6.7% yr/yr, driven by Mechanical Services and Inspection segments

Company reports net loss of $11.4 mln for Q3 2025

Adjusted EBITDA for Q3 2025 rises 28.6%, reflecting improved operational performance

Outlook

Company expects Q4 2025 revenue growth and improved Adjusted EBITDA

Team Inc. anticipates 5% revenue growth for full-year 2025

Company forecasts 13% increase in Adjusted EBITDA for 2025

Result Drivers

MECHANICAL SERVICES GROWTH - Revenue in Mechanical Services segment grew 7.8% due to increased turnaround demand in the U.S. and improved performance in Canada

INSPECTION & HEAT-TREATING GROWTH - Inspection & Heat-Treating revenue increased 5.7% driven by strong nested and call-out activity in the U.S. and international growth

FINANCIAL FLEXIBILITY - Completion of preferred stock placement improved financial flexibility and reduced debt

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$224.98 mln
Q3 Operating Expenses
$166.93 mln
Q3 Operating Income
$1.34 mln
Q3 Pretax Profit
-$10.50 mln


Press Release: ID:nGNX7MwLhR

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(Reporting by Aby Jose Koilparambil in Bengaluru)

((abyjose.koilparambil@thomsonreuters.com; +917483275231;))