{"schema_version":"secwatch.filing_event.v1","accession":"0000318833-24-000034","form_type":"8-K","ticker":"TISI","cik":"0000318833","company_name":"TEAM INC","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.538542+00:00","generated_at":"2026-06-02T01:25:41.591978+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Team Inc. Q1 2024: Revenue $199.6M, net loss narrows to $17.2M, Adj. EBITDA rises 55%","bullets":["Revenue $199.6M; net loss of $17.2M improved $7.5M YoY from $24.7M loss.","Adjusted EBITDA grew 54.7% to $6.5M (3.3% of revenue) vs $4.2M (2.1%) in Q1 2023.","Gross margin up 120 bps to 24.4%; adjusted SG&A reduced $0.8M YoY.","Cash from operations turned positive at $1.9M, an improvement of $19.6M vs prior year.","Full year 2024 Adj. EBITDA guidance set at $58M to $68M; commercial review completed."],"urls":{"canonical":"https://secwatch.observer/filing/0000318833-24-000034","json":"https://secwatch.observer/filing/0000318833-24-000034.json","markdown":"https://secwatch.observer/filing/0000318833-24-000034.md","text":"https://secwatch.observer/filing/0000318833-24-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/318833/000031883324000034/0000318833-24-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/318833/000031883324000034/tisi-20240514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T01:25:41.591978+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":"c3bd168e9e0f3d76de84e9d319ae2e0637d922f0","claim":"TEAM INC reported the first quarter ended March 31, 2024 results: revenue $199.6 million, net income net loss of $17.2 million. Guidance reaffirmed.","evidence_excerpt":"inspection services, today reported its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights: • Announced first quarter 2024 revenues of $199.6 million. • Improved gross margin by 120 basis points to 24.4% as compared to 23.2% in the 2023 first quarter. • Reported first quarter 2024 net loss of $17.2 million, a $7.5 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/318833/000031883324000034/0000318833-24-000034-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$199.6 million"},{"label":"Net income","value":"net loss of $17.2 million"},{"label":"Guidance","value":"reaffirmed"},{"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"}