Quarterly ResultMay 6, 2026, 06:52 AM
TIC Solutions Q1 Revenue $488M (+108%); Net Loss $41.5M; Reaffirms FY26
AI Summary
TIC Solutions reported its first quarter 2026 financial results, achieving record revenue of $488.0 million, a 108% increase year-over-year, primarily due to the NV5 acquisition. The company reported a net loss of $41.5 million and Adjusted EBITDA of $57.7 million, a 123% increase. TIC Solutions reaffirmed its full-year 2026 outlook and plans to announce new long-term financial targets at its Investor Day on May 19.
Key Highlights
- Q1 2026 revenue reached $488.0 million, a 108% increase YoY.
- Combined revenue grew 4.3% YoY, with 2.2% organic growth.
- Reported Q1 2026 net loss of $41.5 million, up from $25.8 million YoY.
- Adjusted EBITDA for Q1 2026 was $57.7 million, a 123% increase YoY.
- Reaffirmed full-year 2026 revenue guidance of $2.15B to $2.25B.
- Reaffirmed full-year 2026 Adjusted EBITDA guidance of $330M to $355M.
- Total liquidity stood at $537.5 million, with $1.6 billion in term loan debt.
- Inspection and Mitigation segment revenue was $234.8 million in Q1 2026.