Team (TISI) Reports Q3 Results with Revenue Decline and Updated FY 2026 Outlook
Team (TISI) reported third-quarter financial results featuring a GAAP EPS loss of $3.10 and revenue of $220.4 million, representing a 2.0% year-over-year decline. Despite the slight dip in top-line revenue, the company demonstrated improved operational efficiency by increasing Adjusted EBITDA to $15.7 million (7.1% margin), up from $14.5 million in the prior year period. The company achieved this EBITDA growth through disciplined cost management, specifically reducing Adjusted Selling, General and Administrative expenses by 7.4%. Looking ahead, Team has updated its full-year guidance, projecting an Adjusted EBITDA between $56 million and $59 million for the fiscal year.
Topics: earnings report EBITDA EPS guidance revenue