Overview

* Team Q2 revenue rises 8.5% yr/yr to $248 mln, driven by Inspection and Heat Treating segment

* Adjusted EBITDA grows 12.4% to $24.5 mln, despite net loss of $4.3 mln

* Company highlights progress in transformation initiatives and cost optimization

Outlook

* Company expects at least 15% year-over-year growth in Adjusted EBITDA

* Team anticipates second half top-line growth across both segments

* Company foresees improved Adjusted EBITDA levels in second half of 2025

* Team expects continued improvement in Canadian and international operations

Result Drivers

* IHT SEGMENT GROWTH - Revenue from Inspection and Heat Treating segment rose 15.2%, driven by increased U.S. and Canada activity

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $248.03

Revenue mln

Q2 $179.94

Operatin mln

g

Expenses

Q2 $12.10

Operatin mln

g Income

Q2 -$3.28

Pretax mln

Profit

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)