---
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"
generated_at: "2026-06-24T00:07:50.512979+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Team Inc. Q2 revenue up 5% to $251M; sells Quest Integrity to Baker Hughes for $280M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-22-000081
- JSON: https://secwatch.observer/filing/0000318833-22-000081.json
- Plain text: https://secwatch.observer/filing/0000318833-22-000081.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.