Team earnings date
Team (T9CA) Q3 2026 Earnings Report
DE:T9CA Q3 2026 EPS Results
- Actual EPS
- -EUR 2.80
- Consensus EPS
- ―
- Beat/Miss
- ―
- One Year Ago EPS
- -EUR 2.42
DE:T9CA Q3 2026 Revenue Results
- Actual Revenue
- EUR 199.20M
- Expected Revenue
- ―
- Beat/Miss
- ―
- YoY Revenue Growth
- -2.05%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/12/2026
- Time
- Before Open
- Conference Call
- Thursday, November 12, 2026
Team's next earnings date is estimated for March 17, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was mixed. Team reported meaningful progress in its transformation, cost savings, Inspection and Heat Treating growth, international expansion, and adjusted EBITDA performance, while also facing substantial pressure from deferred turnaround activity, Middle East-related project delays, lower gross margin, negative quarterly free cash flow, significant net debt, and reduced 2026 guidance. Management expressed confidence in the transformation and a potential recovery beginning in early 2027, but the near-term operating environment remains challenging.
For full year 2026, Team now expects revenue of $870 million to $890 million, gross margin of $226 million to $249 million and adjusted EBITDA of $56 million to $59 million; the outlook assumes continued stability within the Inspection and Heat Treating, no further escalation of the Middle East conflict and the realization of the cost actions already taken. Team expects to capture between $15 million and $18 million of benefit in 2026 from structural cost improvements, with full program benefits now expected to range between $30 million to $38 million at full annual run rate, and currently expects much of the deferred turnaround and maintenance activity to begin returning in early 2027, with the exact timing dependent on customer operating schedules and refining utilization; Team is not providing guidance today for 2027.
- Aerospace Commercial OpportunityTeam is in advanced discussions with a leading global aerospace manufacturer on a potential long-term agreement to expand specialized services from its aerospace facilities. Any financial contribution would build over several years, and the opportunity is not included in updated 2026 guidance.
- European Nuclear Services OpportunityTeam is in advanced discussions on a multiyear valve testing and inspection opportunity supporting a commercial nuclear project in Europe. The opportunity would extend Mechanical Services further into the nuclear power market, draw on existing capabilities, and is not included in updated 2026 guidance.
- Former Customer Relationship ReestablishedTeam resolved a multiyear legal dispute with a former large global integrated oil company whose historical revenue exceeded $20 million annually before the dispute. The company is engaged in positive commercial discussions and expects to bring the customer back into its commercial planning.
- Transformation ProgressManagement said it remains on track with transformation priorities across leadership and accountability, commercial execution, and operational efficiency. Actions include clearer ownership, centralized quotations, improved pipeline visibility, stronger pricing and estimating practices, CRM adoption, and more consistent account management and project selection.
- Expansion Into Targeted Industrial MarketsTeam continues expanding beyond traditional refining and petrochemical markets into aerospace, commercial nuclear power, LNG, utilities, and other industrial end markets. Momentum in these markets has helped partially offset softer turnaround activity, and management expects the efforts to support a more balanced revenue mix.
- Operational Efficiency InitiativesTeam advanced global footprint rationalization, organizational efficiency, procurement, labor, fleet utilization, and systems and process improvements. Progress in Europe and Canada included streamlining operations, consolidating facilities, and better aligning the organizational structure with market opportunities.
- Inspection and Heat Treating Revenue GrowthInspection and Heat Treating revenue increased 3.9% year over year to $127.1 million, primarily due to increased non-turnaround revenue, project activity, and call-out activity. Segment operating income improved to $15.2 million from $14.0 million, reflecting a more favorable project mix.
- International Market GrowthRevenue grew 8.3% in international markets, which management said helped backfill much of the decline in turnaround activity.
- Adjusted EBITDA ImprovementAdjusted EBITDA increased $1.2 million, or 8.2%, year over year to $15.7 million, compared with $14.5 million in the third quarter of 2025, and increased from $12.8 million in the second quarter. Adjusted EBITDA margin expanded to 7.1% from 6.5% despite consolidated revenue declining 2%.
- Structural Cost Savings IncreasedTeam realized approximately $9 million of structural cost savings through the third quarter and raised its 2026 expectation to between $15 million and $18 million of benefit. Full program benefits are now expected to range between $30 million and $38 million at full annual run rate, up from the prior range of $20 million to $35 million.
- Adjusted SG&A ReductionAdjusted SG&A decreased $3.5 million, or 7.4%, to $43.3 million, representing 19.7% of revenue compared with 20.8% in the prior-year period. Excluding the legal settlement, corporate and shared support costs would have declined by 12.6%.
- Year-to-Date Operating Cash Flow ImprovementCash used in operating activities was $11.6 million through the first nine months, an improvement of $16.5 million compared with the prior-year period, driven primarily by working capital.
- Debt Repayment and Working Capital FocusTeam repaid $9.5 million under the ABL during the quarter. Management said improving order-to-cash, increasing accountability, and using future cash generation to further reduce debt remain key priorities.
- Positioning for 2027 RecoveryManagement expects much of the deferred turnaround and maintenance work to begin returning in early 2027, although the exact timing depends on customer operating schedules and refining utilization. Team plans to enter 2027 with structural cost improvements, working capital initiatives, and a more diversified commercial pipeline.
DE:T9CA Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 17, 2027 | 2026 (Q4) | ―- | -1.33 | ― | ― |
| Nov 12, 2026 | 2026 (Q3) | ―-2.80 | -2.42 | -15.75% (-0.38) | |
| Aug 10, 2026 | 2026 (Q2) | ―-1.94 | -0.86 | -126.34% (-1.08) | |
| May 13, 2026 | 2026 (Q1) | ―-2.82 | -5.98 | 52.89% (+3.16) | |
| Mar 12, 2026 | 2025 (Q4) | ―-1.33 | -1.45 | 8.89% (+0.13) | |
| Nov 12, 2025 | 2025 (Q3) | ―-2.42 | -2.27 | -6.52% (-0.15) | |
| Aug 12, 2025 | 2025 (Q2) | ―-0.86 | -0.57 | -51.60% (-0.29) | |
| May 12, 2025 | 2025 (Q1) | ―-5.98 | -3.52 | -69.81% (-2.46) | |
| Mar 19, 2025 | 2024 (Q4) | ―-1.45 | -4.75 | 69.38% (+3.29) | |
| Nov 11, 2024 | 2024 (Q3) | ―-2.27 | -2.51 | 9.43% (+0.24) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
