Team Inc. reported a net income of $3.51 million, compared to $1.52 million last year. Further, the operating income for Q1 was $7.77 million; an increase of 10 percent from $3.70 million last year. The increase in the sales was driven by solid organic growth and the addition of Aitec, which was recently acquired by Team. The company announced its earnings forecast for fiscal 2008, with EPS of $1.05-1.15. The revenue for the year is expected to be approximately $425 million.