Quarterly ResultAug 6, 2026, 07:13 AM
TIC Solutions H1 Revenue $1.07B; Net Loss $(54.9M)
AI Summary
TIC Solutions reported H1 2026 revenue of $1.07 billion, a significant increase from $548.1 million year-over-year, largely driven by the NV5 acquisition in 2025. However, the company's net loss widened to $(54.9) million from $(26.0) million in the prior year period, with basic and diluted loss per share increasing to $(0.25). Net cash provided by operating activities decreased substantially to $158 thousand. The company also initiated a $200 million share repurchase program, buying back $15.7 million in shares during the quarter.
Key Highlights
- H1 2026 revenue increased to $1.07 billion from $548.1 million year-over-year.
- H1 2026 net loss widened to $(54.9) million from $(26.0) million year-over-year.
- H1 2026 basic and diluted loss per share was $(0.25), up from $(0.21) year-over-year.
- Net cash provided by operating activities was $158 thousand, down from $26.3 million.
- Repurchased 1.88 million common shares for $15.7 million under a $200 million program.
- Completed four minor acquisitions for $13.9 million during the six months.
- Cash and cash equivalents decreased to $362.4 million from $439.5 million since year-end 2025.
Price Impact
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