{"schema_version":"secwatch.filing_event.v1","accession":"0000318833-23-000003","form_type":"8-K","ticker":"TISI","cik":"0000318833","company_name":"TEAM INC","filed_at":"2023-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.602683+00:00","generated_at":"2026-06-18T03:59:55.490509+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"TEAM Q4 revenue up 4% to $211M; Adj. EBITDA turns positive to $6.7M","bullets":["Q4 revenue $211.3M (+4.0% YoY); gross margin 24.8% vs 22.1% prior year.","Q4 net loss from continuing ops $56.9M includes $30.1M loss on debt extinguishment.","Q4 Adjusted EBITDA improved to $6.7M from negative $1.6M in Q4 2021.","Full year 2022 revenue $840.2M (+5.8%); net loss $150.1M vs $184.8M loss in 2021.","Net debt reduced to $227.9M from $350.7M; liquidity $103.5M after Quest sale."],"urls":{"canonical":"https://secwatch.observer/filing/0000318833-23-000003","json":"https://secwatch.observer/filing/0000318833-23-000003.json","markdown":"https://secwatch.observer/filing/0000318833-23-000003.md","text":"https://secwatch.observer/filing/0000318833-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/318833/000031883323000003/0000318833-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/318833/000031883323000003/tisi-20230314.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T03:59:55.490509+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":[{"claim_id":"ec652408316a65985e2b7785d7cefd646a2b949d","claim":"TEAM INC reported the fourth quarter and the year ended December 31, 2022 results: revenue $211.3 million, net income net loss from continuing operations of $56.9 million, EPS $13.15 loss per share.","evidence_excerpt":"today reported its financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Highlights 1 : • Increased fourth quarter 2022 revenues to $211.3 million, up $8 million over the 2021 fourth quarter. • Improved fourth quarter 2022 gross margin by 270 basis points to 24.8% of revenue, up from 22.1% in the 2021 fourth quarter. •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/318833/000031883323000003/0000318833-23-000003-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and the year ended December 31, 2022"},{"label":"Revenue","value":"$211.3 million"},{"label":"Net income","value":"net loss from continuing operations of $56.9 million"},{"label":"EPS","value":"$13.15 loss per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}