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Team Q2 revenue rises 8.5% to $248 mln

ReutersAug 12, 2025 8:24 PM


Overview

  • Team Q2 revenue rises 8.5% yr/yr to $248 mln, driven by Inspection and Heat Treating segment

  • Adjusted EBITDA grows 12.4% to $24.5 mln, despite net loss of $4.3 mln

  • Company highlights progress in transformation initiatives and cost optimization


Outlook

  • Company expects at least 15% year-over-year growth in Adjusted EBITDA

  • Team anticipates second half top-line growth across both segments

  • Company foresees improved Adjusted EBITDA levels in second half of 2025

  • Team expects continued improvement in Canadian and international operations


Result Drivers

  • IHT SEGMENT GROWTH - Revenue from Inspection and Heat Treating segment rose 15.2%, driven by increased U.S. and Canada activity


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

$248.03 mln

Q2 Operating Expenses

$179.94 mln

Q2 Operating Income

$12.10 mln

Q2 Pretax Profit

-$3.28 mln

Press Release: ID:nGNX2hWs7Y

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