secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K
Filed at:   2025-03-19T23:59:59+00:00
Accession:  0000318833-25-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Team Inc. Q4 net loss improves to $7.2M; Adjusted EBITDA up 50.5% to $14.6M
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- Q4 rev $213.3M (flat); gross margin 26.9% (+330bps); Q4 net loss $7.2M vs $23.1M in Q4 2023.
- Q4 Adj EBITDA $14.6M (6.9% rev), up 50.5% YoY; FY Adj EBITDA $54.3M (6.4% rev), up 27.7%.
- Q4 cash from ops $21.6M, Free Cash Flow $19.6M; FY net loss $38.3M vs $75.7M in 2023.
- Refinancing closed March 2025 extended maturities to 2030; blended rate down >100bps.
- 2025 guidance: mid-single digit rev growth, at least 15% Adj EBITDA growth, target margin >=10%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000031883325000013/0000318833-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000031883325000013/tisi-20250319.htm
  HTML page:      https://secwatch.observer/filing/0000318833-25-000013

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