Acuren Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,097	1,050	928.33
Revenue Growth (YoY)	4.51%	13.11%	-
Cost of Revenue	831.73	810.53	725.38
Gross Profit	265.66	239.52	202.95
Selling, General & Admin	271.68	185.02	168.23
Operating Expenses	271.68	185.02	168.23
Operating Income	-6.01	54.5	34.72
Interest Expense	-70.44	-60.02	-24.16
Other Non Operating Income (Expenses)	3.56	1.24	12.89
EBT Excluding Unusual Items	-72.89	-4.28	23.45
Merger & Restructuring Charges	-41.2	-	-
Other Unusual Items	-9.07	-	-
Pretax Income	-123.17	-4.28	23.45
Income Tax Expense	-2.01	2.01	3.41
Net Income	-121.16	-6.29	20.04
Net Income to Common	-121.16	-6.29	20.04
Shares Outstanding (Basic)	54	5	5
Shares Outstanding (Diluted)	54	5	5
Shares Change (YoY)	983.98%	-1.35%	-
EPS (Basic)	-2.22	-1.25	3.99
EPS (Diluted)	-2.22	-1.25	3.93
Free Cash Flow	-4.51	73.67	16.91
Free Cash Flow Per Share	-0.08	14.66	3.32
Gross Margin	24.21%	22.81%	21.86%
Operating Margin	-0.55%	5.19%	3.74%
Profit Margin	-11.04%	-0.60%	2.16%
Free Cash Flow Margin	-0.41%	7.02%	1.82%
EBITDA	87.08	149.32	121.16
EBITDA Margin	7.94%	14.22%	13.05%
D&A For EBITDA	93.09	94.82	86.44
EBIT	-6.01	54.5	34.72
EBIT Margin	-0.55%	5.19%	3.74%
Effective Tax Rate	-	-	14.53%

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