Company: TISI
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0000318833-25-000057
Chunk: 101

Company: TEAM INC
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 101
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 amortization(7,183)(7,543)(14,270)(15,221)Segment professional fees, severance and other(1,376)(300)(1,825)(842)Corporate and shared support cost(13,814)(11,937)(27,399)(27,599)Consolidated operating income 12,103 11,159 6,100 4,773 Interest expense(11,896)(11,909)(23,332)(24,007)Loss on debt extinguishment— — (11,853)— Other income (expense)(3,490)(541)(3,694)821 Loss before income taxes$(3,283)$(1,291)$(32,779)$(18,413)   Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024 (unaudited)(unaudited)(unaudited)(unaudited)Capital expenditures1:IHT$1,671 $2,259 $3,129 $2,795 MS1,277 620 1,944 1,645 Corporate and shared support services304 51 318 51 Total capital expenditures$3,252 $2,930 $5,391 $4,491 ____________1    Excludes finance leases. Totals may vary from amounts presented in the consolidated statements of cash flows due to the timing of cash payments.

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 Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024 (unaudited)(unaudited)(unaudited)(unaudited)Depreciation and amortization:IHT$2,898 $2,978 $5,714 $6,007 MS4,285 4,565 8,556 9,214 Corporate and shared support services1,344 1,717 2,659 3,679 Total depreciation and amortization1$8,527 $9,260 $16,929 $18,900 ____________1             Breakdown of depreciation and amortization included in the Consolidated Statements of Operations described below: Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024Depreciation and amortization:Amount included in operating expenses3,112 3,508 6,214 7,091 Amount included