TIC Solutions Q2 Revenue Soars 86% to $584M on NV5 Deal, Backlog Hits Record $1.18B, Guidance Reaffirmed
TIC sits 28% above its 52-week low of $6.36.
Summary
TIC Solutions reported Q2 2026 revenue of $584.3 million, an 86% increase driven by the NV5 acquisition, with record backlog of $1.18 billion. The company reaffirmed its full-year guidance for revenue of $2.15-$2.25 billion and Adjusted EBITDA of $330-$355 million.
Key Events · Earnings and Guidance · TIC
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Revenue Nearly Doubles
Q2 2026 revenue reached $584.3 million, an 86% increase from $313.9 million in Q2 2025, primarily due to the inclusion of NV5 results. On a combined basis, organic revenue grew 2.5%.
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Record Backlog of $1.18B
Combined Consulting & Engineering and Geospatial backlog hit a record $1.18 billion, up 20% year-over-year, indicating strong future revenue visibility.
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Adjusted EBITDA Jumps 74%
Adjusted EBITDA rose to $94.8 million from $54.6 million, driven by the NV5 contribution and cost synergies, with margin at 16.2%.
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Net Loss Narrows but Remains Negative
Net loss was $13.3 million, or $(0.06) per share, compared to a $0.2 million loss a year ago, impacted by higher interest expense and integration costs.
Analysis · TIC · Trade & Services
A transformative quarter for TIC Solutions saw revenue nearly double year-over-year to $584 million, fueled by the NV5 acquisition. The combined backlog reached a record $1.18 billion, up 20%, signaling strong future demand. Despite a net loss of $13 million due to higher interest and integration costs, Adjusted EBITDA jumped 74% to $95 million, and the company reaffirmed its full-year outlook. The balance sheet shows ample liquidity at $473 million, though debt remains elevated at $1.6 billion. The results demonstrate the scale and cross-selling potential of the merged platform, but profitability and cash flow remain works in progress.
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At the time of this filing, TIC was trading at $8.16 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $6.36 to $14.94. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.