Team Inc

Team, Inc. lowered its full-year 2026 guidance toward the lower half of its range, citing persistent uncertainty from the Middle East conflict that caused over $20 million in first-half revenue headwinds through direct regional slowdowns and customer maintenance deferrals. The company also announced a structural cost improvement program targeting $20 million to $35 million in annualized savings by 2027, alongside a commercial pivot into aerospace, LNG, and nuclear power where it sees more than 10% year-over-year growth. Stellex Capital Management became the largest common equity shareholder after a negotiated transaction with CORE Partners at a significant premium to market value. One-time transformation costs of $5 million to $10 million are expected for footprint optimization and technology upgrades, while an order-to-cash project aims to deliver $5 million to $15 million in cash flow improvement this year.