TEAM INC Posts $2.15 Q2 Loss Per Share, Holds Full-Year Outlook Steady
TISI sits 34% above its 52-week low of $12.34 on elevated volume (2.3× avg).
Summary
TEAM INC reported a Q2 2026 net loss of $2.15 per share, missing the improving trend from Q1, but maintained full-year guidance that implies a sharp second-half recovery. The balance sheet remains highly leveraged, raising execution risk.
Key Events · Earnings and Guidance · TISI
-
Q2 Loss Widens to $2.15/Share
Net loss reached $6.8 million, or $2.15 per share, compared with a $4.3 million loss ($0.95/share) in Q2 2025. Revenue fell 7.8% to $228.7 million, driven by deferred turnaround activity in core oil and gas markets.
-
Full-Year Guidance Maintained
Management reiterated 2026 guidance of $920–$945 million in revenue and $68–$73 million in Adjusted EBITDA, implying a significant second-half recovery. However, results are expected to track toward the lower end of ranges until deferred activity returns.
-
Structural Cost Program Announced
A cost improvement program was launched, targeting $8–$15 million in savings in 2026, with a full run-rate goal of $20–$35 million, aimed at protecting profitability amid top-line softness.
-
Liquidity Remains Tight
As of June 30, 2026, total liquidity stood at $51.2 million, with $22.3 million in cash and $28.9 million available under the ABL facility. Total debt was $326.3 million, leaving net debt at $300.3 million.
Analysis · TISI · Trade & Services
A net loss of $6.8 million, or $2.15 per share, on revenue of $228.7 million marked a steeper decline than the prior-year period and reversed the improving trend seen in Q1. Deferred turnaround activity in core oil and gas markets pressured margins, pushing Adjusted EBITDA down to $12.8 million from $24.5 million a year ago. Despite the soft quarter, management maintained full-year 2026 guidance of $920–$945 million in revenue and $68–$73 million in Adjusted EBITDA, implying a significant second-half ramp. The balance sheet remains stretched with $326.3 million in total debt and just $51.2 million in total liquidity, leaving little room for error if the expected recovery in turnaround activity fails to materialize.
At the time of this filing, TISI was trading at $16.55 on NYSE in the Trade & Services sector, with a market capitalization of approximately $75.7M. The 52-week trading range was $12.34 to $19.99. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.