Acuren Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,105	1,050	928.33
Revenue Growth (YoY)	19.08%	13.11%	-
Cost of Revenue	835.36	810.53	725.38
Gross Profit	270.12	239.52	202.95
Selling, General & Admin	273.6	185.02	168.23
Operating Expenses	273.6	185.02	168.23
Operating Income	-3.48	54.5	34.72
Interest Expense	-73.67	-60.02	-24.16
Other Non Operating Income (Expenses)	2.48	1.24	0.39
EBT Excluding Unusual Items	-74.67	-4.28	10.95
Other Unusual Items	-9.07	-	12.5
Pretax Income	-113.5	-4.28	23.45
Income Tax Expense	-6.42	2.01	3.41
Net Income	-107.08	-6.29	20.04
Net Income to Common	-107.08	-6.29	20.04
Shares Outstanding (Basic)	25	5	5
Shares Outstanding (Diluted)	25	5	5
Shares Change (YoY)	392.67%	-1.35%	-
EPS (Basic)	-4.27	-1.25	3.99
EPS (Diluted)	-4.27	-1.25	3.93
Free Cash Flow	40.67	73.67	16.91
Free Cash Flow Per Share	1.62	14.66	3.32
Gross Margin	24.43%	22.81%	21.86%
Operating Margin	-0.31%	5.19%	3.74%
Profit Margin	-9.69%	-0.60%	2.16%
Free Cash Flow Margin	3.68%	7.02%	1.82%
EBITDA	86.4	149.32	121.16
EBITDA Margin	7.82%	14.22%	13.05%
D&A For EBITDA	89.87	94.82	86.44
EBIT	-3.48	54.5	34.72
EBIT Margin	-0.31%	5.19%	3.74%
Effective Tax Rate	-	-	14.53%

Source: S&P Capital IQ. Standard template. Financial Sources.