Team Inc. ( (TISI) ) has released its Q3 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 leader in specialty industrial services, providing a comprehensive range of mechanical, heat-treating, and inspection services to enhance the safety, reliability, and efficiency of critical assets across various industries.
In its third quarter of 2025, Team, Inc. reported a revenue increase of 6.7% year-over-year, reaching $225 million. Despite this growth, the company recorded a net loss of $11.4 million. The company also improved its gross margin and Adjusted EBITDA, showcasing a positive trajectory in financial performance.
Key financial highlights include a 28.6% increase in consolidated Adjusted EBITDA to $14.5 million, driven by growth in both the Mechanical Services and Inspection & Heat-Treating segments. The company also successfully completed a private placement of preferred stock, raising $75 million, which was used to reduce debt and enhance financial flexibility.
Team, Inc. continues to focus on operational excellence and cost efficiency, with a significant improvement in the financial performance of its Canadian operations. The company anticipates continued revenue growth and improved Adjusted EBITDA in the fourth quarter, with a full-year revenue increase of approximately 5% and an Adjusted EBITDA increase of about 13%.
Looking ahead, Team, Inc. remains committed to executing its transformation plan, aiming for consistent top-line growth and margin expansion, while unlocking further value through strategic initiatives and partnerships.