Team Inc reports Q1 revenue up 8.3% to $215.1M, narrows loss, issues FY2026 guidance

Filed May 13, 2026 · Period ending May 13, 2026 · ~1 min read

Key Changes

• high

  Q1 2026 revenue rose 8.3% year-over-year to $215.1M, driven by growth in both Inspection & Heat-Treating (up 8.6%) and Mechanical Services (up 7.8%) segments, with net loss narrowing to $11.3M from $29.7M in Q1 2025.

  Exhibit 99.1 verify on EDGAR →
• high

  Company issued FY2026 guidance for revenue of $920-945M (up ~4% at midpoint), gross margin of $240-260M (up ~8%), and Adjusted EBITDA of $68-73M (up ~16%), expecting stronger second-half performance.

  Exhibit 99.1 verify on EDGAR →
• medium

  Total debt increased to $306.5M from $297.2M at year-end 2025, primarily due to higher ABL borrowings; total liquidity stood at $49.2M including $8.7M cash and $40.5M undrawn credit availability.

  Exhibit 99.1 verify on EDGAR →