TEAM INC

Team, Inc. (NYSE: TISI) operates as a global provider of specialty industrial services, delivering a comprehensive suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services to customers across heavy industries. The company's website is www.teaminc.com.

Team operates through two primary business segments: Inspection and Heat-Treating (IHT) and Mechanical Services (MS). The IHT segment provides non-destructive testing services including radiographic testing, ultrasonic testing, magnetic particle inspection, and liquid penetrant inspection, along with heat-treating services, pipeline integrity management, and laboratory services. The MS segment delivers onstream services designed to keep customer assets operational, including leak repair, engineered composite repair, hot tapping, valve insertion, field machining, and bolted joint integrity services, as well as specialty maintenance and turnaround services performed during asset shutdowns.

The company serves diverse industries including energy (refining, power, renewables, nuclear, offshore oil and gas, and liquefied natural gas), manufacturing and process (chemical, petrochemical, pulp and paper, automotive, and mining), midstream (valves, terminals, storage, and pipeline), infrastructure (construction, roads, dams, bridges, ports, and railways), and aerospace and defense. Team markets its services primarily through personnel based at service locations positioned to provide timely responses to customer needs.

During 2025, Team employed approximately 5,300 employees on average, with roughly 4,000 based in the United States and 1,300 internationally. Technicians comprise more than 79 percent of the global workforce. The company operates service locations across North America and internationally, enabling integrated solutions that combine inspection and condition assessment with engineering evaluation and mechanical repair services.

Team's competitive advantages stem from its highly trained and experienced technician workforce, rigorous safety procedures, breadth and depth of integrated service capabilities, technical engineering support, and manufacturing capabilities supporting the service network. The company operates in a competitive market with more than 100 active competitors but differentiates through its ability to provide turnkey, integrated solutions across conventional to highly specialized services and its capacity to serve customers across three distinct demand profiles: turnaround or project services, call-out services, and nested or run-and-maintain services.