earnings
confidence high
sentiment positive
materiality 0.75
Acuren Q3 combined revenue $303M (+14% YoY); Adjusted EBITDA $51.3M; plans NYSE listing in Q1 2025
TIC Solutions, Inc.
- Combined Q3 revenue $303.0M, up 14.1% YoY; combined adjusted gross profit margin 29.6% vs 29.3%.
- Combined Adjusted EBITDA $51.3M, up 14.8%; margin 16.9% vs 16.8% in prior-year period.
- Nine-month combined revenue $835.4M (+7.1%); Adjusted EBITDA $145.9M (+15.2%); margin 17.5%.
- S-4 declared effective Dec 16; expects OTC trading by year-end and NYSE listing in Q1 2025.
- Over $130M cash; management cites strong balance sheet, pricing initiatives, and recurring demand.