Quarterly ResultAug 6, 2026, 07:08 AM
TIC Solutions Q2 Revenue $584.3M; Net Loss $13.3M; Reaffirms FY26 Outlook
AI Summary
TIC Solutions, Inc. reported its second quarter 2026 financial results, with revenue reaching $584.3 million, an 86% increase year-over-year, largely driven by the NV5 Global acquisition. The company posted a net loss of $13.3 million but achieved Adjusted EBITDA of $94.8 million. Management highlighted strong performance in Consulting & Engineering and Geospatial segments, leading to a record backlog of $1.18 billion, and reaffirmed its full-year 2026 financial outlook.
Key Highlights
- Q2 2026 revenue was $584.3 million, an 86% increase YoY, primarily due to the NV5 acquisition.
- Reported a net loss of $13.3 million for Q2 2026, compared to a net loss of $0.2 million in Q2 2025.
- Adjusted EBITDA for Q2 2026 was $94.8 million, up 74% YoY.
- Achieved record combined Consulting & Engineering and Geospatial backlog of $1.18 billion, up 20% YoY.
- Reaffirmed full-year 2026 guidance: Revenue $2,150-$2,250 million and Adjusted EBITDA $330-$355 million.
- Total liquidity stood at $473.5 million, including $362.4 million in cash and equivalents.
- Adjusted diluted EPS was $0.14 for Q2 2026.
Price Impact
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