secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0000318833-24-000072
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000031883324000072/0000318833-24-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000031883324000072/tisi-20241111.htm
  HTML page:      https://secwatch.observer/filing/0000318833-24-000072

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