---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-070283"
form_type: "8-K"
ticker: "TISI"
cik: "0000318833"
company_name: "TEAM INC"
filed_at: "2023-03-14T23:59:59+00:00"
generated_at: "2026-06-18T04:00:40.179610+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Team Inc. files pro forma financials reflecting sale of TQ Acquisition to Baker Hughes

## Summary
- Pro forma 2022 revenues of $840.2M versus $941.6M historical, excluding TQ Acquisition.
- Pro forma income from continuing operations of $82.6M vs. historical loss of $133.3M; includes $202.2M gain on sale.
- Pro forma diluted EPS of $19.73 vs. historical $16.74 (including discontinued ops).
- Transaction closed Nov 1, 2022; pro forma assumes Jan 1, 2022 effective date.
- Pro forma adjustments include debt paydown ($36.8M interest reduction) and $34.1M write-off of debt costs.

## SEC filing metadata
- accession: 0001193125-23-070283
- form_type: 8-K
- ticker: TISI
- cik: 0000318833
- company_name: TEAM INC
- filed_at: 2023-03-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318833/000119312523070283/0001193125-23-070283-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318833/000119312523070283/d334201d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-070283
- JSON: https://secwatch.observer/filing/0001193125-23-070283.json
- Plain text: https://secwatch.observer/filing/0001193125-23-070283.txt

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