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Acuren Corp (TIC) delivers essential asset integrity solutions through nondestructive testing, engineering services, and industrial inspections across energy, manufacturing, and infrastructure sectors. This news hub provides investors and professionals with centralized access to the company's latest developments.
Track press releases, earnings announcements, and operational updates that impact Acuren Corp's market position. Our curated collection includes technical innovations, safety initiatives, and strategic partnerships relevant to industrial asset management.
Key updates cover regulatory compliance milestones, Rope Access Technician Solutions deployments, and lab testing advancements. Users gain insights into how Acuren Corp addresses evolving industry demands while maintaining rigorous safety standards.
Bookmark this page for real-time notifications on leadership changes, service expansions, and financial performance metrics. Combine strategic awareness with technical understanding through Acuren Corp's verified news stream.
Acuren (NYSE: TIC) reported its financial results for Q4 and full year 2024, achieving record revenue of $1.1 billion, up 4.5% from 2023. The growth was partially driven by acquisitions and deeper service line penetration with recurring customers.
The company reported a Successor Net Loss of $105.5 million for 2024, primarily due to non-recurring transaction-related expenses. Combined Adjusted EBITDA reached $186.7 million, increasing 11.5% with a margin of 17.0%, up from 15.9% in 2023.
As of December 31, 2024, Acuren maintained $139.1 million in cash and cash equivalents, with total debt of $754.8 million. The company successfully repriced its term loan in January 2025, expecting to save $5.8 million annually in interest expenses. For 2025, Acuren projects revenue growth in the low-to-mid-single digit percentage range.
Acuren (NYSE American: TIC) has scheduled its fourth quarter and full year 2024 earnings release for Thursday, March 27, 2025, before market opening. The company will host a conference call and webcast at 8:30 a.m. Eastern Time on the same day.
Key executives participating in the call will include CEO Talman Pizzey, CFO Kristin Schultes, and Co-Chairman Robert A.E. Franklin. The presentation will be accessible via telephone (877-407-0789 or 201-689-8562) and webcast. A replay will be available after the call through the webcast link.
Acuren (OTCQX: TICA), based in Tomball, Texas, has announced that its senior leadership will participate in the CJS Securities “New Ideas for the New Year” Virtual Conference on Tuesday, January 14, 2025.
Acuren (OTCQX: TICA) has announced the commencement of its common stock trading on the OTCQX Market under the symbol 'TICA'. The company has achieved DTC Eligibility, allowing for broader investor access and enhanced trading capabilities. The company's common stock has received a new CUSIP number (00510N102) and ISIN (US00510N1028), following its domestication on December 16, 2024.
CEO Talman Pizzey highlighted this as a strategic move to increase share accessibility and build a leading position in testing, inspection, certification, and compliance services. The company reports strong year-to-date results and a robust balance sheet.
Acuren reported financial results for Q3 and nine months ended September 30, 2024, showing improved performance. Q3 Combined Revenue increased 14.1% to $303.0 million, with Combined Adjusted EBITDA up 14.8% and margin at 16.9%. For the nine-month period, Combined Revenue grew 7.1% to $835.4 million, while Combined Adjusted EBITDA rose 15.2% with a margin of 17.5%.
The company completed the ASP Acuren Acquisition for $1.88 billion on July 30, 2024. Following its re-domiciliation from British Virgin Islands to Delaware, Acuren expects to begin trading on OTC Markets by year-end and plans to list on the NYSE in Q1 2025. The company maintains a strong balance sheet with over $130 million in cash.
Acuren has announced two significant developments: First, the SEC has declared effective its Registration Statement on Form S-4 (File No. 333-282976) as of December 16, 2024. Second, the company has completed its re-domiciliation from the British Virgin Islands to become a Delaware The company expects to begin trading on the OTC Market before year-end and plans to apply for NYSE listing in Q1 2025.
