Team Inc (TISI) News & EventsTISITeam Inc

Stellex Acquires 1,604,326 Shares of Company at $35.50 Each

Team announced that an entity controlled by Stellex Capital Management has acquired all 1,604,326 shares of the company's common stock currently held by Corre Partners Management and its affiliates at a purchase price of $35.50 per share. The transaction was a privately negotiated sale between two existing stakeholders. The company is not issuing any shares in relation to this transaction and will not receive any proceeds from the transaction. Upon closing, Stellex is expected to own approximately 35% of the company's outstanding common stock, as well as preferred stock and warrants that were issued to Stellex in September of 2025.

Sees FY26 Adjusted EBITDA of $68M-$73M

Sees FY26 adjusted EBITDA $68M-$73M. Sees FY26 CapEx $13M-$14M.

TEAM Reports Q2 Revenue of $228.7M, Down Year-over-Year

Reports Q2 revenue $228.7M vs $248M last year. "In the second quarter, we continued to advance the key pillars of TEAM's operational and commercial transformation as we position the business for stronger, more consistent performance and sustainable long-term value creation," said Gary L. Hill, TEAM's Chief Executive Officer. "Over the past several months, we have strengthened the leadership team, advanced initiatives on the ground to improve operational efficiency and execution, and continued to broaden our commercial focus. Alongside these actions, we are sharpening our commercial focus and extending our specialized capabilities into a more diversified set of high-value industrial end markets. Together we expect these steps to improve our margins, support stronger performance in the second half, and strengthen TEAM's underlying earnings power and cash flow generation over time. These actions are building a stronger foundation for profitable growth and improved cash generation."