Team Appoints Gary Hill as New CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 26 2026
0mins
Team announced that Keith Tucker will retire from Team after over 20 years of service. In conjunction with this planned leadership transition, Team's board of directors has appointed Gary Hill as the company's CEO effective February 1. Hill brings over 30 years of experience in the industrial services sector, most recently serving as COO of Shermco Industries.
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About TISI
Team, Inc. is a provider of specialty industrial services offering customers access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services. The Company’s segments include Inspection and Heat Treating (IHT) and Mechanical Services (MS). The IHT segment provides conventional and advanced non-destructive testing services primarily for the process, pipeline and power sectors, pipeline integrity management services, and field heat treating services, as well as associated engineering and condition assessment services. The segment also provides comprehensive non-destructive testing services and metallurgical and chemical processing services to the aerospace and other industries. The MS segment provides onstream services engineered to keep customer assets on-line and producing, and specialty maintenance, turnaround and outage services, which are performed while assets are off-line, and are designed to reduce customer downtime.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Extensive Experience: Roeder brings over 30 years of financial and operational experience across various industries, including industrial, energy, and aviation, which is expected to provide TEAM with diverse perspectives and expertise to navigate complex market environments.
- Financial Outlook: TEAM forecasts adjusted EBITDA for 2026 to be between $68 million and $73 million, with revenue projected at $920 million to $945 million, indicating stable growth potential in the coming years despite facing challenges.
- Non-GAAP EPS: TEAM's projected non-GAAP EPS stands at -$2.76, with first-quarter revenue reported at $215.1 million, reflecting the company's earnings pressure in the current economic climate, necessitating measures to improve financial performance.
See More
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- Financial Expertise: Roeder brings over 30 years of financial and operational experience, having served as CFO at PrimeFlight Aviation Services and successfully taking Nine Energy Services public, showcasing his capability in driving financial transformations that are expected to support TEAM's growth strategy.
- Leadership Commitment: CEO Gary Hill stated that Roeder's appointment will accelerate TEAM's improvement plan, leveraging his leadership experience across multiple service industries to enhance operational efficiency and profitability, ultimately increasing shareholder value.
- Market Opportunities: Roeder emphasized TEAM's leadership position in the market, expressing eagerness to collaborate with the team to capitalize on the company's strengths in customer service and seize market opportunities for sustained growth in the industrial services sector.
See More
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- Profitability Gains: Adjusted EBITDA surged by 45.2% to $7.7 million, with a 90 basis point improvement in EBITDA margin, indicating substantial progress in cost control and operational efficiency, which has driven overall profitability enhancements.
- Clear Guidance Outlook: Management forecasts full-year 2026 revenue growth of approximately 4%, with expectations set between $920 million and $945 million, and gross margin projected between $240 million and $260 million, demonstrating confidence in future growth and clarity in strategic planning.
- Focus on Sustainable Growth: Management emphasized prioritizing healthy, sustainable growth while reducing cyclical fluctuations, with plans to provide more detailed cost reduction measures in Q2, aiming for long-term financial stability through optimized working capital and cash flow generation.
See More
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- Revenue Guidance: The company projects total revenue between $920 million and $945 million for 2025, indicating a 4% growth at the midpoint compared to 2025, reflecting management's optimistic outlook for future performance.
- Gross Margin Improvement: Expected gross margin is between $240 million and $260 million, representing an approximate 8% increase at the midpoint compared to 2025, which will enhance the company's profitability and competitive position in the market.
- EBITDA Growth: Adjusted EBITDA is anticipated to be between $68 million and $73 million, reflecting a 16% increase at the midpoint compared to 2025, showcasing the growth potential and strategic direction under the new CEO's leadership.
See More
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- Capital Structure Optimization: The company successfully refinanced its capital structure, reducing the blended interest rate by over 100 basis points and extending term loan maturities to 2030, which enhanced financial flexibility and reduced net debt to $279 million.
- EBITDA Improvement: Team Inc. achieved an adjusted EBITDA of $60.7 million for 2025, marking a 12% improvement over 2024, with the EBITDA margin expanding from 6.4% to nearly 7%, reflecting significant progress in cost efficiency and margin expansion.
- Market Challenges: Despite improvements, Team Inc. still faces challenges in simplifying its business and strengthening its capital structure, and the lack of guidance for fiscal year 2026 due to the CEO transition highlights ongoing difficulties in expanding market share and accelerating revenue growth.
See More
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- Significant Operating Income Growth: The operating income for the quarter surged by 200% year-over-year to $4.4 million, reflecting the company's successful focus on higher-margin opportunities and sustainable cost reductions, thereby enhancing profitability.
- Capital Structure Optimization: The company successfully refinanced its capital structure in March 2025, lowering its blended interest rate by 100 basis points, and closed a $75 million private placement in September, which helped pay down approximately $67 million in debt, thereby improving financial flexibility.
- Cautious Future Outlook: New CEO Gary Hill indicated that the company will not provide guidance for fiscal year 2026 at this time to allow for a deeper review of operational performance and market trends, although management remains optimistic about future growth.
See More
