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