AI Earnings Predictions for Team Inc. (TISI)

EX-99.1

2 a8-kex991q2x2026earnings.htm

EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

FOR IMMEDIATE RELEASE

TEAM, INC. REPORTS SECOND QUARTER 2026 RESULTS

Company establishes structural cost reduction targets, further refines transformational pillars

SUGAR LAND, TX – August 10, 2026 – Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering customers access to a full suite of conventional, specialized, and proprietary inspection, heat-treating, and mechanical services, today reported its financial results for the quarter ended June 30, 2026. The Company also provided guidance for the full year 2026.

Second Quarter 2026 Highlights:

•Reported revenue of $228.7 million, compared to $248.0 million in the second quarter of 2025.

•Generated gross margin of $54.4 million, compared to $68.1 million in the second quarter of 2025.

•Reported a net loss of $6.8 million, compared to a net loss of $4.3 million in the prior-year period.

•Delivered Adjusted EBITDA1 of $12.8 million (5.6% of consolidated revenue), compared to $24.5 million (9.9% of consolidated revenue) in the second quarter of 2025.

•Reduced Adjusted Selling, General and Administrative Expense¹ by $2.1 million, or 4.5%, to $44.7 million from the prior year period.

•Provided guidance for the full year 2026, which includes substantive increases at the midpoint of approximately 4%, 8% and 16% in revenues, gross margin and Adjusted EBITDA1, respectively, over 2025 results.

1 See the accompanying reconciliation of non-GAAP financial measures at the end of this earnings release.

“In the second quarter, we continued to advance the key pillars of TEAM’s operational and commercial transformation as we position the business for stronger, more consistent performance and sustainable long-term value creation,” said Gary L. Hill, TEAM’s Chief Executive Officer. “Over the past several months, we have strengthened the leadership team, advanced initiatives on the ground to improve operational efficiency and execution, and continued to broaden our commercial focus. Alongside these actions, we are sharpening our commercial focus and extending our specialized capabilities into a more diversified set of high-value industrial end markets. Together we expect these steps to improve our margins, support stronger performance in the second half, and strengthen TEAM's underlying earnings power and cash flow generation over time. These actions are building a stronger foundation for profitable growth and improved cash generation.”

1

Hill continued, “Second-quarter results reflected the deferral of planned turnaround and maintenance activity across our core oil and gas, and petrochemicals markets, down 51% year-to-date through June as customers extended operating runs to capitalize on favorable crack spreads and margins. Further, we faced interim weakness in our business centered geographically in the Middle East, which was more directly impacted by the ongoing conflict. While TEAM’s overall revenue base remained resilient, particularly in our Inspection and Heat-Treating segment, where we have seen encouraging growth from other markets, the lower overall level of turnaround activity resulted in a less favorable mix of sales, temporarily pressuring margins and Adjusted EBITDA. We expect a portion of this deferred Mechanical Services activity to begin returning during the second half of 2026, although the precise timing remains dependent on customer operating decisions. While creating top-line softness in the short term, we believe this dynamic will actually create additional strength and tailwinds to both segments in subsequent quarters.”

Hill concluded, “In the meantime, we remain focused on the areas within our control. We have established a clear goal for our structural cost improvement program in full-year 2026 which we expect to range between $8 – $15 million, with a goal of $20 – $35 million at full annual run-rate. Further, we continue to advance commercial and productivity initiatives across the organization, which we believe will flow through to structurally stronger margins, and profitability. Together with the expansion of our leading capabilities into a more diversified set of high-value industrial end markets, these actions are intended to support improved performance through the second half and strengthen TEAM’s underlying earnings power and cash-flow generation over time.”

Financial Results

Second quarter revenue was $228.7 million, compared to $248.0 million in the prior-year period, reflecting revenue changes of 6.7% in the United States, 21.4% in Canada and 4.1% in our other international markets. Second quarter consolidated gross margin was $54.4 million, or 23.8% of revenue.

Selling, general and administrative expenses for the second quarter were $46.8 million, decreased by $3.8 million or 7.6% from the second quarter of 2025. Adjusted Selling, General, and Administrative Expense, whic

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.c706d217.1784379110.d5b2e0da

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.

tisi-20260312March 12, 2026false000031883300003188332024-11-122024-11-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 12, 2026

TEAM, Inc. (Exact Name of Registrant as Specified in its Charter)

Delaware 001-08604 74-1765729 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)

13131 Dairy Ashford, Suite 600 Sugar Land, Texas 77478 (Address of Principal Executive Offices and Zip Code) Registrant’s telephone number, including area code: (281) 331-6154 Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CF 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.30 par valueTISINew York Stock Exchange

Indicate by check mark whether registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition.

On March 12, 2026, Team, Inc. (“we,” “our,” “us,” or the “Company”) disseminated a press release announcing unaudited financial results for the fourth quarter ended December 31, 2025. The press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

The information in this Item 2.02, including the attached exhibit, is being furnished, and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any filings under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any incorporation by reference language of such filing. By furnishing the information in this Current Report on Form 8-K (“Form 8-K”) and the attached exhibit, we are making no admission as to the materiality of any information in this Form 8-K or the exhibit.

Item 9.01 Financial Statements and Exhibits.

(d)        Exhibits. The following exhibit is furnished as part of Item 2.02 of this Current Report on Form 8-K:

Exhibit number Description

99.1 Team, Inc.’s Press Release Issued March 12, 2026.

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TEAM, Inc.

By:/S/     Nelson M. Haight

Nelson M. Haight Chief Financial Officer

Dated: March 12, 2026