Team (NYSE:TISI) Announces Earnings Results

Team (NYSE:TISI) posted its earnings results on Thursday. The business services provider reported ($1.43) EPS for the quarter, beating the consensus estimate of ($5.94) by $4.51, FiscalAI reports. The firm had revenue of $220.37 million during the quarter, compared to the consensus estimate of $208.88 million.

Here are the key takeaways from Team’s conference call:

• Negative Sentiment: Third-quarter revenue fell 2% to $220.4 million, while turnaround revenue declined approximately 49% year over year. The company lowered its 2026 outlook, citing continued maintenance deferrals and Middle East disruptions that pushed additional work beyond year-end.
• Negative Sentiment: Adjusted EBITDA was $15.7 million, but Mechanical Services operating income dropped to $0.4 million from $3.4 million as lower turnaround activity hurt utilization. Management expects much of the deferred work to return in early 2027, though timing depends on customer schedules and market conditions.
• Positive Sentiment: Team raised its expected full annual run-rate benefit from structural cost improvements to $30 million–$38 million, from $20 million–$35 million previously. It reported about $9 million in savings realized through Q3 and expects $15 million–$18 million of benefit in 2026.
• Positive Sentiment: Inspection and Heat-Treating revenue grew 3.9% to $127.1 million, helping offset weakness in Mechanical Services; adjusted EBITDA rose 8.2% to $15.7 million and margin improved to 7.1%. Management attributed the gains partly to lower adjusted SG&A and a more favorable project mix.
• Positive Sentiment: The company is in advanced discussions on potential multi-year aerospace and European nuclear opportunities, and a resolved legal dispute may allow it to pursue more business with a former customer whose historical revenue exceeded $20 million annually. The opportunities remain unsigned, are not included in 2026 guidance, and any contribution is expected to build over time.

Team Stock Up 15.4%

Team stock traded up $3.07 during mid-day trading on Thursday, hitting $22.99. 162,916 shares of the stock were exchanged, compared to its average volume of 16,920. Team has a 12 month low of $12.47 and a 12 month high of $29.57. The firm’s fifty day simple moving average is $25.71 and its two-hundred day simple moving average is $19.02. The stock has a market capitalization of $105.36 million, a price-to-earnings ratio of -2.44 and a beta of 1.15.

Latest Team News

These are some of the TISI news items that stood out recently:

• Positive Sentiment: The company highlighted progress in operational transformation and commercial diversification initiatives, which could support its efforts to improve performance. Team third-quarter results
• Neutral Sentiment: Team updated its fiscal 2026 earnings guidance, but the information provided does not specify the revised outlook or how it compares with prior guidance. Quarterly earnings results
• Negative Sentiment: Despite beating estimates, Team still reported a quarterly loss, indicating that profitability remains a concern.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Team in a report on Thursday, October 15th. Wall Street Zen upgraded shares of Team to a “hold” rating in a report on Saturday, September 19th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Insiders Place Their Bets

In other news, CFO Clinton Roeder acquired 8,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was bought at an average cost of $27.59 per share, for a total transaction of $220,720.00. Following the completion of the transaction, the chief financial officer directly owned 17,000 shares in the company, valued at $469,030. This represents a 88.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony R. Horton bought 2,000 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average cost of $22.90 per share, with a total value of $45,800.00. Following the purchase, the director directly owned 28,082 shares of the company’s stock, valued at $643,077.80. The trade was a 7.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 23,500 shares of company stock worth $575,750. Insiders own 8.80% of the company’s stock.

About Team

Team, Inc. is an industrial services company that provides asset integrity management, inspection, maintenance, and repair services for customers with complex industrial infrastructure. Its work supports the safe and reliable operation of facilities and equipment in industries such as energy, petrochemicals, refining, power generation, and other process-based sectors. The company’s services include nondestructive testing and examination, mechanical integrity assessment, engineering and consulting, heat treatment, rope access, leak detection and repair, field machining, and specialized repair and maintenance.