TIC Solutions, Inc.

TIC Solutions, Inc. has entered into the Third Amendment to its Credit Agreement. The amendment reduces the interest rate on its Amendment No. 3 Term Loans by 25 basis points and increases the Letter of Credit Sublimit to $50.0 million. Principal payments on these loans will begin quarterly on September 30, 2026. The company also noted previous commercial and financial arrangements with some of the lenders involved.

TIC Solutions, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on July 1, 2026, at 10:00 a.m. Eastern Time. Stockholders of record as of May 11, 2026, are invited to vote on the election of eleven directors and the ratification of PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2026. The company also detailed its corporate governance practices and 2025 non-employee director compensation policy.

TIC Solutions, Inc. reported a significant increase in revenue to $488.0 million for the first quarter of 2026, up from $234.2 million in the prior year, largely driven by the NV5 acquisition. Despite the revenue growth, the company's net loss widened to $(41.5) million from $(25.8) million year-over-year. However, basic and diluted loss per share improved slightly to $(0.19) from $(0.21). The Board of Directors also approved a share repurchase program of up to $200.0 million of common stock.

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.

TIC Solutions, Inc. filed an amendment to its 2025 Annual Report on Form 10-K to include previously omitted Part III information. Key updates include the appointment of Benjamin Heraud as Chief Executive Officer, succeeding Talman Pizzey, effective March 31, 2026. The amendment also disclosed a Rule 10b5-1 trading arrangement adopted by director Dickerson Wright on December 8, 2025, for the sale of up to 1,200,000 shares between May 2026 and March 2027. Additionally, the filing detailed the company's board of directors, executive officers, corporate governance guidelines, and executive compensation philosophy for 2025.