TIC Solutions Q2 revenue jumps 86%

TIC Solutions

06/08/2026 12:43

Overview
US asset integrity and engineering firm's Q2 revenue rose 86% yr/yr to $584.3 mln
Company posted Q2 net loss of $13.3 mln as integration costs weighed on results
Record consulting & engineering and geospatial backlog reached $1.18 bln, up 20% yr/yr

Outlook
TIC Solutions reaffirms 2026 revenue guidance of $2,150 mln to $2,250 mln
Company maintains 2026 adjusted EBITDA forecast of $330 mln to $355 mln
TIC Solutions sees strong demand in Industrials, Power & Utilities, and Data Centers

Result Drivers
NV5 ACQUISITION - Q2 results largely reflect inclusion of NV5, which materially affected year-over-year comparability
SEGMENT GROWTH - Record revenue and backlog in Consulting & Engineering and Geospatial segments drove results, per CEO Ben Heraud
END-MARKET DEMAND - Significant demand across Industrials, Power & Utilities, and Data Centers supported growth

Company press release: ID:nBw7J331Sa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$584.35 mln
 
Q2 Net Loss
 
$13.34 mln
 
Q2 Gross Profit
 
$204.16 mln
 
Q2 Income from Operations
 
$10.84 mln
 
Q2 Pretax Loss
 
$16.58 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for TIC Solutions Inc is $12.00, about 46.7% above its August 5 closing price of $8.18

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)