---
schema_version: "secwatch.filing_event.v1"
accession: "0000318833-24-000072"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:24:45.372339+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Team Q3 revenue $210.8M (+2% YoY); Adj EBITDA $11.3M, net loss narrows to $11.1M

## Summary
- Revenue $210.8M, up 2% YoY; gross margin maintained at 25.4%.
- Operating income $3.2M, improvement of $4.4M vs Q3 2023.
- Net loss $11.1M, an 8.3% improvement year over year.
- Consolidated Adjusted EBITDA $11.3M (5.4% revenue); nine-month $39.6M (6.2%).
- ABL Credit Facility amended and extended on Sep 30 for additional liquidity and improved pricing.

## SEC filing metadata
- accession: 0000318833-24-000072
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000031883324000072/0000318833-24-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000031883324000072/tisi-20241111.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318833-24-000072
- JSON: https://secwatch.observer/filing/0000318833-24-000072.json
- Plain text: https://secwatch.observer/filing/0000318833-24-000072.txt

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