Acuren Corporation ( (TIC) ) has released its Q3 earnings. Here is a breakdown of the information Acuren Corporation presented to its investors.
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TIC Solutions, Inc. is a leading provider of critical asset integrity solutions, offering tech-enabled Testing, Inspection, Certification, and Compliance (TICC) and engineering services across North America and select international markets. The company serves diversified end markets including industrials, energy processing, utilities, and infrastructure.
In its latest earnings report, TIC Solutions reported a strong third quarter revenue of $473.9 million, despite a net loss of $13.9 million. The company highlighted the successful integration of NV5 Global, Inc., which has contributed to increased synergy targets and diversified its core business.
Key financial highlights include a 56% increase in quarterly revenue compared to the previous year, driven by the NV5 merger. The company also reported an adjusted EBITDA of $77.3 million, a 51% increase year-over-year, reflecting the positive impact of the merger. Additionally, TIC Solutions reaffirmed its full-year 2025 revenue and adjusted EBITDA guidance.
Looking ahead, TIC Solutions remains confident in its ability to achieve cost savings and growth through its combined platform. The company is focused on enhancing client relationships and technical expertise, aiming for sustainable value creation for shareholders.