TEAM INC — Form 8-K
Filed August 10, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 58/100
What the filing says
TEAM Inc. reported Q2 2026 revenue of $228.7M (down 7.8% YoY from $248.0M) and Adjusted EBITDA of $12.8M (down 48% from $24.5M). Net loss widened to $6.8M from $4.3M. The company attributed declines to a 51% YoY drop in turnaround activity and geopolitical impacts in the Middle East. Management established a structural cost reduction program targeting $8–$15M in 2026 and $20–$35M at full run-rate. Full-year 2026 guidance projects 4% revenue growth, 8% gross margin growth, and 16% Adjusted EBITDA growth versus 2025.
Why this rating
Revenue and EBITDA deterioration is material (~7–8% of annual guidance midpoint). Cost program is material relative to company's ~$41M market cap. Near-term headwinds (turnaround deferral) offset by margin recovery plan. Moderate near-term concern; recovery dependent on customer capex timing.
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