secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000318833-24-000052
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000031883324000052/0000318833-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000031883324000052/tisi-20240808.htm
  HTML page:      https://secwatch.observer/filing/0000318833-24-000052

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer