Acuren Corporation (TIC)

Acuren Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022
Period Ending	Sep 30, 2024	Dec 31, 2023	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	24.44%	22.81%	21.86%
Operating Margin	-0.32%	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	7.81%	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%

Updated Nov 27, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.