Team, Inc. Posts Revenue Growth but Reports Net Loss in Q1 2026 — Team, Inc.

Event summary

Team, Inc. reported Q1 2026 revenue of $215.1 million, up 8.3% year-over-year.
Net loss improved to $11.3 million, a $18.4 million reduction from the prior year period.
Adjusted EBITDA increased by 45.2% to $7.7 million, with a 90-basis point improvement in margin.
Full-year 2026 guidance includes a 4% revenue increase, 8% gross margin increase, and 16% Adjusted EBITDA increase.
CEO Gary L. Hill emphasized cost efficiency initiatives and commercial execution improvements.

The big picture

Team, Inc.'s Q1 2026 results reflect a strategic focus on improving profitability through cost efficiency and commercial execution. The company's revenue growth, driven by increased project and turnaround activity, aligns with broader industry trends of heightened demand for specialized industrial services. However, the ongoing economic uncertainties and the need for sustained margin expansion remain critical factors to monitor.

What we're watching

Revenue Growth: Whether Team, Inc. can sustain its 8.3% revenue growth in subsequent quarters, particularly in the U.S. and Canada.
Cost Efficiency: The pace at which the company can implement cost efficiency initiatives to further improve margins.
Market Dynamics: How broader economic conditions, including inflation and global trade policies, will impact Team, Inc.'s performance.