Team Q1 revenue rises on segment growth

Team

13/05/2026 21:41

Overview

US specialty industrial services provider's fiscal Q1 revenue grew 8.3% yr/yr to $215.1 mln

Adjusted EBITDA for fiscal Q1 rose 45.2% yr/yr, net loss narrowed

Company attributes growth to higher project activity and cost efficiency initiatives

Outlook

Team sees 2026 revenue between $920 mln and $945 mln

Company expects 2026 adjusted EBITDA of $68 mln to $73 mln

Team anticipates stronger performance in H2 2026, with further margin expansion

Result Drivers

SEGMENT GROWTH - Revenue growth in both Inspection & Heat-Treating and Mechanical Services segments, with IHT up 8.6% and MS up 7.8%, driven by higher project and callout activity

COST EFFICIENCY - Improved profitability attributed to cost efficiency initiatives and lower corporate support costs

Company press release: ID:nGNX50gRfj

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$215.06 mln
Q1 Operating Expenses
$161.91 mln
Q1 Operating Income
-$3.37 mln
Q1 Pretax Profit
-$11.33 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)