earnings
confidence high
sentiment neutral
materiality 0.70
TIC Solutions Q2 revenue $584.3M, net loss $13.3M, backlog record $1.18B
TIC Solutions, Inc.
- Revenue $584.3M, up 86% YoY (includes NV5); organic growth 2.5%.
- Net loss $13.3M vs $0.2M loss year ago; diluted EPS $(0.06); adjusted diluted EPS $0.14.
- Adjusted EBITDA $94.8M, up 74% YoY, driven by NV5 acquisition.
- Record combined backlog $1.18B, up 20% YoY, with strength in Industrials, Power & Utilities, Data Centers.
- Reaffirms FY2026 guidance: revenue $2.15-2.25B, adjusted EBITDA $330-355M.