Team Inc. ( (TISI) ) has released its Q1 earnings. Here is a breakdown of the information Team Inc. presented to its investors.
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Team, Inc., headquartered in Sugar Land, Texas, is a global provider of specialty industrial services, offering a comprehensive suite of mechanical, heat-treating, and inspection services across 13 countries. The company is known for its technological innovation and reliability management expertise.
In the first quarter of 2025, Team, Inc. reported revenues of $198.7 million, maintaining a gross margin of 23.8%. Despite a net loss of $29.7 million, the company achieved a consolidated Adjusted EBITDA of $5.3 million. A significant highlight was the successful refinancing transaction in March 2025, which extended term loan maturities to 2030 and reduced the blended interest rate by over 100 basis points.
The Inspection and Heat Treating (IHT) segment saw a 6.8% increase in revenue, driven by strong U.S. operations and a 64% rise in revenue from its Cincinnati facility. However, the Mechanical Services (MS) segment experienced a revenue decline due to lower callout activity and project delays. The company’s strategic initiatives, including a cost optimization program expected to save $10 million annually, are underway to improve financial performance.
Looking forward, Team, Inc. remains focused on top-line growth and cost efficiency. The company anticipates improved financial performance in its Canadian and international operations and aims for at least a 15% year-over-year growth in Adjusted EBITDA. Management is committed to enhancing shareholder value through strategic execution and operational resilience.