Team Inc Reports 8.3% Revenue Gain to $215M, EBITDA up 45.2%
Team Inc reported Q1 2026 revenue of $215 million, up 8.3% year-over-year, and adjusted EBITDA rose 45.2% to $7.7 million with a 90bp margin improvement. The company is advancing its hire-to-retire career path program and targeting LNG, data centers, power and aerospace markets to drive margin-accretive growth.
1. Q1 Financial Results
Team Inc posted Q1 2026 revenue of $215 million, an 8.3% increase, and adjusted EBITDA rose 45.2% to $7.7 million, boosting the adjusted EBITDA margin by 90 basis points and marking the highest first-quarter revenue since 2019.
2. Strategic Growth Initiatives
The company launched a hire-to-retire career path program and enhanced benefits to improve employee retention, while prioritizing margin-accretive projects in LNG, midstream, data centers, power and aerospace markets to expand its service offering.
3. Challenges and Outlook
Disruptions from the Middle East conflict have affected oil and gas operations, prompting supply chain and process optimization efforts; Team Inc is also strengthening its capital structure and considering strategic leadership additions to navigate cyclical pressures.