TIC Solutions' second quarter revenue of $584.3M beats estimates while backlog hits a record $1.18B.

TIC Solutions reported second quarter 2026 revenue of $584.3 million, reflecting an 86% increase year-over-year primarily due to the inclusion of the NV5 acquisition. On a combined pro-forma basis, revenue increased 3.3%. The company posted a net loss of $13.3 million, or $(0.06) per share, and an adjusted diluted EPS of $0.14. Management reaffirmed the company's full-year 2026 financial outlook.

Key Highlights

• Second quarter revenue of $584.3 million was driven by the NV5 acquisition, with combined organic growth of 2.5% year-over-year.
• The company achieved a record combined backlog of $1.18 billion for its Consulting & Engineering and Geospatial segments, a 20% increase from the prior year.
• Adjusted EBITDA for the second quarter was $94.8 million, a 74% increase year-over-year, also reflecting the inclusion of NV5 results.
• The company reaffirmed its full-year 2026 guidance for revenue of $2.15 to $2.25 billion and Adjusted EBITDA of $330 to $355 million.