Company: TISI
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0000318833-25-000070
Chunk: 21

Company: TEAM INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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:Basic and diluted$(2.68)$(2.52)$(10.24)$(7.04)Weighted-average number of shares outstanding:Basic and diluted4,499 4,422 4,495 4,418 

See accompanying notes to unaudited condensed consolidated financial statements.

3 

TEAM, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF

COMPREHENSIVE INCOME (LOSS)

(in thousands)

(Unaudited)

 Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Net loss$(11,447)$(11,126)$(45,431)$(31,084)Other comprehensive income (loss) before tax:Foreign currency translation adjustment(2,073)4,509 6,954 1,317      Defined benefit pension plans:       Amortization of prior service cost9 8 25 24        Amortization of net actuarial loss93 82 274 240 Other comprehensive income (loss) before tax(1,971)4,599 7,253 1,581 Tax provision (benefit) attributable to other comprehensive income (loss)4 83 (148)78 Other comprehensive income (loss), net of tax(1,967)4,682 7,105 1,659 Total comprehensive loss$(13,414)$(6,444)$(38,326)$(29,425)

See accompanying notes to unaudited condensed consolidated financial statements.

4 

                       TEAM, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (DEFICIT)

(in thousands)

(Unaudited)

Common StockAdditionalPaid-inCapitalAccumulated  DeficitAccumulatedOtherComprehensiveLossTotalShareholders’Equity(Deficit)SharesAmountBalance at December 31, 20244,493 $1,348 $460,186 $(415,667)$(44,129)$1,738 Net loss— — — (29,718)— (29,718)Foreign currency translation adjustment, net of tax— — — — 1,971 1,971 Defined benefit pension plans, net of tax— — — — 95 95 Non-cash compensation— — (