TEAM Q4 revenue rises, net loss narrows
Overview
US specialty industrial services provider's Q4 revenue rose 5.4% yr/yr, driven by US and Canada
Company Q4 net loss narrowed to $3.8 mln from $7.2 mln a year earlier
Outlook
TEAM expects to provide updated guidance for fiscal 2026 after the first quarter
Result Drivers
TURNAROUND ACTIVITY - Revenue growth in Q4 was driven by higher turnaround activity in the US and Canada, especially in oil and refining sectors
COST REDUCTION - Lower insurance and legal expenses contributed to reduced selling, general and administrative costs
Company press release: ID:nGNX8hsDtc
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue |
| $224.8 mln |
|
Q4 Operating Expenses |
| $166.52 mln |
|
Q4 Operating Income |
| $6.63 mln |
|
Q4 Pretax Profit |
| -$3.35 mln |
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