---
schema_version: "secwatch.filing_event.v1"
accession: "0000318833-24-000052"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T11:23:35.798907+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Team Inc Q2 2024 revenue $228.6M, net loss $2.8M, adj EBITDA up 25% YoY

## Summary
- Revenue $228.6M; net loss $2.8M, a $13.0M improvement YoY.
- Gross margin improved 240 bps to 27.8%.
- Adjusted EBITDA $21.8M (9.5% of rev), up 25% from $17.4M in Q2 2023.
- Adjusted SG&A 19.8% of rev, declined $2.0M vs prior year.
- Reaffirmed 2024 full-year guidance.

## SEC filing metadata
- accession: 0000318833-24-000052
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000031883324000052/0000318833-24-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000031883324000052/tisi-20240808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-24-000052
- JSON: https://secwatch.observer/filing/0000318833-24-000052.json
- Plain text: https://secwatch.observer/filing/0000318833-24-000052.txt

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