earnings
confidence high
sentiment neutral
materiality 0.55
TIC Solutions Q1 revenue $488M, net loss $41.5M; reaffirms FY2026 guidance
TIC Solutions, Inc.
- Revenue of $488.0M (record Q1, +108% YoY largely from NV5 acquisition); combined organic growth 2.2%.
- Net loss $41.5M vs $25.8M loss a year ago; Adjusted EBITDA $57.7M (+123% YoY).
- Reaffirmed FY2026 outlook: revenue $2,150-$2,250M, Adjusted EBITDA $330-$355M.
- Cash $426.6M, total liquidity $537.5M; term loan debt $1.6B net of issuance costs.
- Plans Investor Day on May 19 in NYC to announce new long-term financial targets.