{"schema_version":"secwatch.filing_event.v1","accession":"0000318833-23-000049","form_type":"8-K","ticker":"TISI","cik":"0000318833","company_name":"TEAM INC","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.631729+00:00","generated_at":"2026-06-08T07:57:23.896210+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Team, Inc. Q3 2023 revenue $206.7M, net loss narrows 54% YoY to $12.1M","bullets":["Revenue $206.7M; gross margin 25.5% ($52.8M).","Net loss from continuing ops $12.1M vs $26.6M YoY, a 54.4% improvement.","Consolidated Adjusted EBITDA $11.1M (5.4% of revenue), up from $10.6M.","SG&A reduced 7.6% ($3.7M) vs prior-year period.","Repaid remaining $41.2M of convertible notes with June 2023 refinancing proceeds."],"urls":{"canonical":"https://secwatch.observer/filing/0000318833-23-000049","json":"https://secwatch.observer/filing/0000318833-23-000049.json","markdown":"https://secwatch.observer/filing/0000318833-23-000049.md","text":"https://secwatch.observer/filing/0000318833-23-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/318833/000031883323000049/0000318833-23-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/318833/000031883323000049/tisi-20231109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T07:57:23.896210+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":"626458693e2be6fbcd068e12a4dd83553b9f7d1d","claim":"TEAM INC reported the third quarter ended September 30, 2023 results: revenue $206.7 million, net income $12.1 million.","evidence_excerpt":"Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported its financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights 1 : • Reported total revenues of $206.7 million. • Grew gross margin to 25.5% of revenue or $52.8 million. • Decreased net loss from continuing operations to $12.1 million, a 54.4% improvement over the 2022 third quarter net loss from continuing operations of $26.6 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/318833/000031883323000049/0000318833-23-000049-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$206.7 million"},{"label":"Net income","value":"$12.1 million"},{"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"}