Team Inc

teaminc.com

Team, Inc. (NYSE: TISI) is an industrial services company that provides outsourced inspection, maintenance, and repair services to industrial facilities. Revenue is generated on a transactional and contract basis by deploying field technicians, who comprise more than 79% of the global workforce, to customer sites. The company competes against other outside service contractors offering similar industrial services, operating in markets it describes as highly competitive. CEO Gary L. Hill and CFO Nelson M. Haight lead the company as of the 10-K filed March 12, 2026. The balance sheet carries significant debt, with net interest expense of $44.7 million in FY2025 and a net loss of $49.2 million for the twelve months ended December 31, 2025. The company completed a debt refinancing on March 12, 2025, and raised $75.0 million through a Series B Preferred Stock issuance to Stellex Capital Management LLC on September 11, 2025, proceeds used to repay outstanding credit facility balances. Adjusted EBIT improved year over year in FY2025, with adjusted operating income rising $10.2 million to $25.9 million.