Acuren Corporation (TIC)

Acuren Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2024	Dec 31, 2023	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.