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Team, Inc.
3/13/2026
Good morning and welcome to Team Inc.' 's fourth quarter and full year 2025 operational and financial results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. Please note this event is being webcasted. I would now like to turn the conference over to Nelson Haight, Chief Financial Officer. Please go ahead.
Thank you, Operator. Good morning, everyone, and welcome to Team Inc.' 's discussion about our fourth quarter and full year 2025 operational and financial results. On the discussion today are Gary Hill, our Chief Executive Officer, and myself, Nelson Haig, Chief Financial Officer. I want to remind you that management's commentary today may include forward-looking statements, including without limitation those regarding revenue, gross margin, operating expense, other income and expense, taxes, adjusted EBITDA, cash flow, and future business outlook, which by their nature are uncertain and outside of the company's control. Although these forward-looking statements are based on management's current expectations and beliefs, actual results may differ materially. For a discussion of some of the risk factors that could cause actual results to differ, please refer to the risk factors section of Team Inc.' 's latest annual and quarterly filings filed with the Securities and Exchange Commission, along with our associated earnings release. Team assumes no obligation to update any forward-looking statements or information, which speak only as of their respective dates. With that, I will turn it over to Gary Hill, our CEO.
Thank you, Nelson. Welcome, everyone, and thank you for joining us on the call today. I want to start by saying how honored I am to be here and join you all for my first earnings call as Team's CEO. With more than 30 years of hands-on experience, in industrial services and related industries, having the opportunity to lead, grow, and enhance a company like Team is an extraordinary opportunity. I am excited to lead Team at this pivotal stage, and I'd like to thank our employees for their warm welcome, sharing their perspectives, and their hard work and dedication that have helped to deliver the strong operational and financial results that Nelson will discuss with you today. During my first six weeks, I've spent a lot of time connecting with our employees, customers, and stakeholders. These conversations have given me a deeper understanding of where we stand as a company, the challenges we face, and the opportunities ahead. I look forward to working closely with the board, the management team, and teams' talented employees to strategically grow our company. Over the past several years, Team has repositioned itself and made meaningful improvements in operations, safety, and in its financial performance and balance sheet. Team has a unique culture, storied history, strong customer relationships, and numerous built-in strengths already in place. I want to maintain open communication and collaboration with shareholders, employees, stakeholders, and customers to better drive progress and build on past successes. The team boasts a proud history and a workforce renowned industry-wide for delivering safe and technically superior customer service. This has established an outstanding foundation, and my goal is to take this very strong company and make it even better through continuous improvement. I see opportunities to expand our wallet share with existing customers and accelerate our growth in end markets such as aerospace and midstream, and I'm challenging myself and our entire team to accelerate top-line growth, enhance efficiency, and reduce costs, which should lead to margin and EBITDA growth. I want to continue strengthening our organization through further investment in our people and infrastructure to more profitably and efficiently deliver the products and services that meet our customers' needs. Finally, TEAM has built an impressive safety culture, and continuing to build off that success to ensure everyone gets home safely will always be our highest priority. With that, I would like to turn it over to Nelson to discuss our financial accomplishments.
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