Team Q2 revenue rises 8.5% to $248 mln

Team

12/08/2025 21:24

Overview

Team Q2 revenue rises 8.5% yr/yr to $248 mln, driven by Inspection and Heat Treating segment

Adjusted EBITDA grows 12.4% to $24.5 mln, despite net loss of $4.3 mln

Company highlights progress in transformation initiatives and cost optimization

Outlook

Company expects at least 15% year-over-year growth in Adjusted EBITDA

Team anticipates second half top-line growth across both segments

Company foresees improved Adjusted EBITDA levels in second half of 2025

Team expects continued improvement in Canadian and international operations

Result Drivers

IHT SEGMENT GROWTH - Revenue from Inspection and Heat Treating segment rose 15.2%, driven by increased U.S. and Canada activity

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$248.03 mln
Q2 Operating Expenses
$179.94 mln
Q2 Operating Income
$12.10 mln
Q2 Pretax Profit
-$3.28 mln


Press Release: ID:nGNX2hWs7Y

(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.)