secwatch.observer — SEC 8-K summary
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Issuer:     TEAM INC (TISI)
CIK:        0000318833
Form:       8-K/A
Filed at:   2025-03-20T23:59:59+00:00
Accession:  0000318833-25-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 9.01, 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Team Inc Q4 net loss narrows to $7.2M; Adj EBITDA +50.5% to $14.6M
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- Q4 revenue $213.3M (flat YoY); gross margin 26.9% (+330 bps); net loss $7.2M vs $23.1M loss in Q4 2023.
- Q4 Adjusted EBITDA $14.6M (6.9% of rev), up 50.5% YoY; operating cash flow $21.6M, FCF $19.6M.
- Full year 2024 rev $852.3M (-1.2%); net loss $38.3M ($8.64/sh) vs $75.7M in 2023; Adj EBITDA $54.3M (+27.7%).
- Guides mid-single-digit rev growth 2025, ≥15% Adj EBITDA growth, targeting 10%+ margin; $10M+ cost savings.
- Closed March 2025 refinancing extending maturities to 2030, lowering blended rate by >100 bps.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318833/000031883325000020/0000318833-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318833/000031883325000020/tisi-20250319.htm
  HTML page:      https://secwatch.observer/filing/0000318833-25-000020

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