Earnings ·
TIC Solutions, Inc. reported financial results for the second quarter ended June 30, 2026, announcing Q2 revenue of…
TICTIC Solutions, Inc.
TIC Solutions, Inc. reported financial results for the second quarter ended June 30, 2026, announcing Q2 revenue of $584.3 million, a significant increase from $313.9 million in the prior year period primarily due to the inclusion of NV5 Global, Inc. following its acquisition on August 4, 2025. The company reported a net loss of $13.3 million and an Adjusted EBITDA of $94.8 million, up 74% year-over-year. Diluted loss per share was $(0.06), while Adjusted diluted EPS was $0.14. Total liquidity stood at $473.5 million, comprising $362.4 million in cash and undrawn capacity on a $125.0 million revolving credit facility, against total term loan debt of $1.6 billion. The company achieved a record combined Consulting & Engineering and Geospatial backlog of $1.18 billion, representing 20% year-over-year growth. TIC Solutions reaffirmed its full-year 2026 revenue guidance of $2,150 to $2,250 million and Adjusted EBITDA guidance of $330 to $355 million. The company operates in the engineering, inspection, and geospatial services industry.