{"schema_version":"secwatch.filing_event.v1","accession":"0000318833-22-000081","form_type":"8-K","ticker":"TISI","cik":"0000318833","company_name":"TEAM INC","filed_at":"2022-08-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:57.767020+00:00","generated_at":"2026-06-24T00:07:50.512979+00:00","sec_items":["2.02","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Team Inc. Q2 revenue up 5% to $251M; sells Quest Integrity to Baker Hughes for $280M","bullets":["Revenue $251.3M (+5.2% YoY); gross margin 27.8% vs 26.3%.","GAAP net loss $21.6M ($0.50 loss per diluted share); adjusted EBITDA $14.3M (+57% YoY).","Announced sale of Quest Integrity to Baker Hughes for $280M cash, expected close by end of 2022.","IHT segment revenue slightly down due to project timing and staffing challenges; MS and Quest up 11% and 23%.","Sale proceeds to pay down debt, improve liquidity, focus on core IHT and MS businesses."],"urls":{"canonical":"https://secwatch.observer/filing/0000318833-22-000081","json":"https://secwatch.observer/filing/0000318833-22-000081.json","markdown":"https://secwatch.observer/filing/0000318833-22-000081.md","text":"https://secwatch.observer/filing/0000318833-22-000081.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/318833/000031883322000081/0000318833-22-000081-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/318833/000031883322000081/form8-kq2x2022earnings.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T00:07:50.512979+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}