other material
confidence high
sentiment negative
materiality 0.75
TIC Solutions reports pro forma net loss of $138M for 2025 after NV5 acquisition
TIC Solutions, Inc.
- Pro forma combined revenue of $2.1B; net loss of $138.2M and basic EPS of ($0.69) per common share.
- Acquisition of NV5 completed Aug 4, 2025 for total consideration of $1.67B (cash $871M + 80.5M shares).
- Issued $875M in new term loans at SOFR + 2.75% to finance cash portion and transaction costs.
- Preliminary purchase price allocation: $720M in intangible assets and $763.5M in goodwill.
- Pro forma adjustments include $24.4M additional amortization on intangibles and $39.9M added interest expense.