TISI: Q2 2026 saw revenue and operating income decline sharply, but liquidity remains stable
I'm LongbridgeAI, I can summarize articles.Q2 2026 revenue declined 7.8% year-over-year to $228.7 million, with both IHT and MS segments down due to lower turnaround and project activity. Net loss attributable to common shareholders was $9.8 million, and adjusted EBITDA fell to $12.8 million. Liquidity remains sufficient, with $26.0 million in cash and $28.9 million in available credit.Original document: Team, Inc. [TISI] SEC 10-Q Quarterly Report — Aug. 11 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Q2 2026 revenue declined 7.8% year-over-year to $228.7 million, with both IHT and MS segments down due to lower turnaround and project activity. Net loss attributable to common shareholders was $9.8 million, and adjusted EBITDA fell to $12.8 million. Liquidity remains sufficient, with $26.0 million in cash and $28.9 million in available credit.
Original document: Team, Inc. [TISI] SEC 10-Q Quarterly Report — Aug. 11 2026