Mission Statement, Vision, & Core Values of Team, Inc. (TISI)

A company's mission and values are the bedrock of its performance, especially when navigating a challenging market where Team, Inc. (TISI) just reported a Q3 2025 revenue of $225.0 million, a 6.7% jump year-over-year, but still posted a net loss of $11.4 million. How does a global leader in specialty industrial services balance its core commitment to integrity and safety with the financial reality of a $302.8 million debt load as of September 30, 2025? If the vision is to be the premier global provider of asset performance solutions, what concrete actions-guided by their six Core Values-are driving that 28.6% increase in Adjusted EBITDA to $14.5 million? We defintely need to see how their stated principles map to their bottom line.

Team, Inc. (TISI) Overview

You need to know where a company stands right now, not where it was last year. Team, Inc. (TISI) is a leading global provider of specialty industrial services, and its current performance, especially in the Inspection and Heat Treating segment, shows a clear path forward despite a complex industrial market.

Team, Inc.'s history is long, starting in 1973, but its roots go back even further to the 1920s with the pioneering Leak Sealing process under the company name FURMANITE, which it later acquired. This legacy means they have decades of expertise in inspection, repair, and maintenance technologies, serving critical sectors like refining, petrochemical, power, and pipeline industries. Honestly, that kind of deep experience is hard to replicate.

The company provides a full suite of conventional, specialized, and proprietary services. These solutions are all about asset performance assurance and optimization. As of the latest reporting, TISI's trailing twelve months (TTM) revenue is approximately $884.95 million, ending September 30, 2025. They operate with a global footprint, covering more than 20 countries through 220 locations, supported by 5,400 employees.

• Inspect and assess high-temperature piping.
• Provide proprietary mechanical and heat-treating services.
• Offer Leak Detection and Repair (LDAR) for emissions control.

You can learn more about the foundation of their business model here: Team, Inc. (TISI): History, Ownership, Mission, How It Works & Makes Money

Near-Term Financial Performance: Q2 and Q3 2025 Highlights

Looking at the latest financial reports, specifically the Q3 2025 results released on November 12, 2025, you see a company making tangible progress on its transformation initiatives. The most recent quarterly revenue for Q3 2025 came in at $224.98 million.

But the real story is in the segment growth. In the second quarter of 2025, TISI generated revenue of $248.0 million, marking an 8.5% increase over the same quarter in 2024. This growth wasn't just a fluke; it was driven by the core business, particularly the Inspection and Heat Treating (IHT) segment, which is their main product line for specialized inspection services.

Here's the quick math on market growth: IHT revenue grew by a strong 15.2% year-over-year in Q2 2025. This was fueled by a 13.4% jump in U.S. operations revenue and a massive 31.4% surge in their Canada operations, which is defintely a key growth market. This segment performance translated directly into a 25% growth in segment-level Adjusted EBITDA. That's a clear signal that their focus on high-value, specialized services is paying off.

A Leader in Specialty Industrial Services

Team, Inc. is not just another service provider; they are a recognized leader in a highly fragmented industry, which is a big deal for competitive advantage. The market is consolidating, and customers-especially in heavy industries-are looking to reduce their vendor list to fewer, more sophisticated partners.

TISI is positioning itself to win that consolidation game by developing fully-digitized processes. They are moving beyond traditional services to offer integrated, digitally-enabled asset performance assurance and optimization solutions. This blend of decades-old expertise with modern digital tools is what makes them a leader. If you want to understand how a company maintains its edge in a mature industry, you need to see how they innovate on delivery.

This strategic move to digitize and integrate services is why Team, Inc. is considered a top-tier partner for asset integrity management globally. Find out more below to understand why this focus on digital transformation is the key to their long-term success.

Team, Inc. (TISI) Mission Statement

You're looking for the bedrock principles that drive a specialty industrial services company like Team, Inc. (TISI), and you're right to start with the mission. A clear mission statement is the compass for every strategic move, especially as the company navigates a complex industrial environment.

The core mission of Team, Inc. is simple: to ensure the integrity and reliability of energy and industrial infrastructure globally by delivering high-quality, specialized services through advanced technology and expertise. It's about keeping the world's most critical assets safe and running efficiently. This focus is directly tied to their financial performance, which saw Trailing Twelve Months (TTM) revenue reach $884.95 million as of the third quarter of 2025, demonstrating the market's demand for their essential services.

Honestly, a mission is just words without clear, actionable components. So, let's break down the three core pillars that define how Team, Inc. operates and creates value for its clients and investors.

Pillar 1: Prioritizing Safety and Regulatory Compliance

In the industrial services sector, safety isn't a goal; it's the cost of entry. Team, Inc. places 'Safety First/Quality Always' as its foremost Core Value because a single incident can wipe out years of financial progress and client trust. What this estimate hides is the human cost, which is why this commitment is non-negotiable.

Their operational discipline is reflected in their historical safety performance, which has consistently aimed to be a top-quartile performer in the industry. For example, the company's Total Recordable Incident Rate (TRIR) was reported to be a top quartile safety record within the industry in 2019, a benchmark that sets the expectation for their current operations.

This commitment to compliance is a huge risk mitigator for you as an investor. It means fewer project delays, lower insurance costs, and a defintely stronger reputation with major clients in the oil and gas, petrochemical, and power generation sectors.

• Mandate zero-incident culture on all sites.
• Ensure rigorous adherence to global regulatory standards.
• Reduce operational risk for clients, protecting their assets.

Pillar 2: Delivering High-Quality, Specialized Services

The second pillar centers on the actual service delivery-moving beyond conventional maintenance to specialized, proprietary solutions. Team, Inc. offers a full suite of services, from non-destructive testing (NDT) and inspection to mechanical and heat-treating services. This isn't just about fixing leaks; it's about predictive asset performance management.

You can see this commitment to quality in their recent segment performance. In the second quarter of 2025, the Inspection and Heat Treating (IHT) segment's revenue grew by a strong 15.2%, with U.S. operations delivering a 13.4% top-line increase. This growth in higher-margin, specialized services shows that clients are increasingly relying on their technical expertise for critical asset health checks.

Here's the quick math: higher quality and specialized services translate directly to margin expansion, which is why management is guiding for an approximate +13% growth in Adjusted EBITDA for the full year 2025. That's a clear return on their investment in technical training and proprietary technology.

Pillar 3: Driving Innovation and Service Leadership

The third component is about forward momentum. In a mature industry, innovation is the only way to stay ahead. For Team, Inc., this means continually integrating advanced technologies into their service offerings-things like drone-based inspection, advanced ultrasonic testing, and digital work planning systems.

This focus on 'Innovation' and 'Service Leadership' (two of their six Core Values) is what enables them to expand their margins. By making their services smarter and faster, they reduce the time assets are offline for maintenance (downtime), which is a massive cost-saver for their clients. Plus, their transformation initiative is already showing tangible results, with consolidated Adjusted EBITDA in Q2 2025 increasing by 12.4% to $24.5 million.

The company's strategic roadmap, which is currently in an execution phase, prioritizes continued margin expansion and cost reduction for growth, proving they are realistic about the need to improve financial efficiency while maintaining quality. If you want to dive deeper into the financial mechanics of this strategy, you can check out Breaking Down Team, Inc. (TISI) Financial Health: Key Insights for Investors.

Team, Inc. (TISI) Vision Statement

You want to know where Team, Inc. (TISI) is heading, and honestly, their vision statement cuts right to the chase: it's about becoming the global leader in digitally-enabled asset performance. This isn't just corporate fluff; it's a clear strategic pivot away from just being a service provider to being a high-tech solutions partner.

The vision is to be Leading the way globally in providing integrated, digitally-enabled asset performance assurance and optimization solutions. It means they are betting on technology-like advanced non-destructive testing (NDT) and data analytics-to move beyond simple inspection and repair. For you, the investor, this focus on 'digitally-enabled' is key, as it promises higher-margin, scalable services. The company currently employs about 5,400 highly trained people across 220 locations in over 20 countries, showing the global scale they are already operating on.

Mission: Ensuring Infrastructure Integrity

The mission statement is the day-to-day commitment that supports that long-term vision. It boils down to Ensuring the integrity and reliability of energy and industrial infrastructure. This is a critical, non-negotiable service, especially when you consider their clients are in refining, petrochemical, power, and pipeline industries-assets that simply cannot fail.

Look at the numbers from the first half of 2025. In the second quarter alone, the Inspection and Heat Treating segment's revenue grew by 15.2%, which is a defintely strong indicator that their core mission is resonating with clients who need that assurance. This steady demand for integrity services is the bedrock of their revenue, which hit $884.95 million over the trailing twelve months ending September 30, 2025. Here's the quick math: reliable infrastructure means fewer catastrophic failures, and TISI is positioned as the essential partner to deliver that reliability.

You can see how this mission plays out in their service delivery, from advanced inspection to mechanical services. To understand how they've evolved to this point, you should check out Team, Inc. (TISI): History, Ownership, Mission, How It Works & Makes Money.

Core Values: The Six Commitments

The six core values are the operational compass that guides every decision, from the boardroom to the field. These aren't abstract concepts; they are commitments that directly impact their service quality and, ultimately, their financial risk profile.

The intense focus on these values is a necessity in a high-risk industry. For instance, the net loss reported in the first quarter of 2025 was $29.7 million, which highlights the financial sensitivity of their operations, making strict adherence to safety and quality paramount to avoid costly incidents. Conversely, the improvement in consolidated Adjusted EBITDA to $24.5 million in Q2 2025 shows the positive impact of operational discipline and service leadership.

The six Core Values are:

• Safety First/Quality Always: In everything we do.
• Integrity: Uncompromising standards of ethical conduct.
• Service Leadership: Leading service quality and professionalism.
• Innovation: Supports continuous growth and improvement.
• Pride and Respect: For all stakeholders.
• Teamwork: Global collaboration.

What this estimate hides is the true cost of a safety lapse; their commitment to 'Safety First' is a risk management strategy. This value set is what clients trust when they hand over their most critical assets. It's what keeps them competitive in a fragmented market.

Team, Inc. (TISI) Core Values

You're looking for the bedrock of Team, Inc.'s (TISI) recent financial turnaround and long-term strategy, and honestly, it's right here in their core values. The company's commitment to these six principles is directly translating to improved margins and operational efficiency, evidenced by the projected full-year 2025 Adjusted EBITDA growth of at least 15% over the prior year. That's a clear signal that culture drives cash flow.

As a seasoned analyst, I see these values as the non-financial assets that underpin their strategic vision: Leading the way globally in providing integrated, digitally-enabled asset performance assurance and optimization solutions. You can dive deeper into the context of these strategic shifts at Team, Inc. (TISI): History, Ownership, Mission, How It Works & Makes Money, but right now, let's look at the numbers behind the principles.

Safety First/Quality Always

This is non-negotiable in the specialty industrial services sector; your reputation-and client trust-rides on it. Team, Inc. doesn't just talk about safety; they embed it in their operations, aiming for zero recordable injuries and incidents. The proof is in the data, even from the prior year, which sets the foundation for 2025: their Total Recordable Incident Rate (TRIR) performance was 50% better than the Bureau of Labor Statistics (BLS) average, plus they maintained zero fatalities over the last five years. That's a defintely strong track record.

The commitment to quality is upheld through their comprehensive training structure:

• Mandatory quality indoctrination training for all personnel.
• The TEAM Technical School provides specialized certification programs.
• Technicians hold certifications through bodies like the AWS and ASNT.

A safer job site is a more efficient, profitable job site. It's that simple.

Integrity

Integrity, for a public company, means ethical conduct and sound financial stewardship. The company's focus on fiscal responsibility in 2025 is a concrete example of this value in action. In March 2025, they successfully completed a refinancing transaction that extended term loan maturities out to 2030 and lowered their blended interest rate by more than 100 basis points.

Here's the quick math: extending debt maturity and lowering interest costs frees up capital for core business investment, directly reinforcing long-term stability for clients and shareholders. Their internal governance structures, including the Code of Business Conduct and Ethics and the Insider Trading Policy, which were both recently updated, ensure that ethical behavior is codified from the boardroom to the field.

Service Leadership

Service Leadership means delivering value that directly impacts your client's bottom line. The company's financial performance in the first three quarters of 2025 clearly maps to this. For the third quarter of 2025, revenue grew 6.7% to $225.0 million, and consolidated Adjusted EBITDA increased by 28.6% to $14.5 million.

This outperformance-Adjusted EBITDA growth outpacing top-line revenue growth-is a testament to their ongoing cost and margin improvement initiatives. They are becoming leaner and more responsive, making them a more valuable partner. The Inspection and Heat Treating (IHT) segment, a high-value service line, saw revenue growth of 5.7% in Q3 2025, driven by strong nested and call-out activity in the U.S..

Innovation

Innovation is how a specialty industrial service company stays ahead of the curve, moving beyond conventional services to offer digitally-enabled solutions. Team, Inc. explicitly commits to uniting the delivery of technological innovation with its century of expertise. This isn't just vaporware; it's about solving real-world, high-stakes problems.

A concrete example from their recent work involves an advanced isolation method used for a midstream client. This innovative solution ensured a leak-free seal for eight days, which, crucially, eliminated the need to de-inventory 40 miles of pipeline. That single action reduced resource consumption, operational downtime, and environmental impact for the client-a clear win-win for efficiency and sustainability.

Pride and Respect

This core value covers how the company treats its employees, clients, and the environment. The public commitment to Environmental, Social, and Governance (ESG) principles is the primary vehicle for demonstrating this value. Their 2024 Sustainability Profile details their focus on environmental stewardship and community impact.

For employees, the average tenure of the management team is 3.7 years, and the board of directors is 4.0 years, which shows a stable, experienced leadership group that values its people. Plus, the CEO's total compensation of $1.66 million is above the average for similar-sized companies, signaling a commitment to attracting and retaining top-tier talent who can execute on these values.

Teamwork

Global teamwork and collaboration are essential for a company with 5,400 employees operating across 220 locations in more than 20 countries worldwide. You need everyone pulling in the same direction to drive consistent results, especially in a complex, global business.

The success of their turnaround efforts in historically challenging regions is a direct measure of this value. The Canadian operations, a focus of ongoing commercial and financial initiatives, saw international revenue growth of 8.9% in the third quarter of 2025. That growth, which is a significant factor in the overall Adjusted EBITDA expansion, wouldn't happen without effective global teamwork and shared best practices.