Team, Inc. — Third Quarter 2026 Earnings Summary

Team, Inc. reported a net loss of $11.1 million for the third quarter of 2026, representing a slight improvement from the $11.4 million loss in the same period the previous year. Revenue for the quarter decreased by 2.0% to $220.4 million, driven by lower activity in the United States and Canada's mechanical services segment, which was partially offset by growth in international markets. Despite the revenue decline, the company achieved an Adjusted EBITDA of $15.7 million, an 8.2% increase from the prior year, supported by structural cost reductions and commercial diversification efforts. Management has updated its full-year 2026 guidance, projecting revenue between $870 million and $890 million and Adjusted EBITDA between $56 million and $59 million, citing deferred turnaround activities and Middle East conflicts as key factors influencing the outlook.