Data center revenue doubled to nearly $70 million in 2025, driven by infrastructure demand, while the Inspection and Mitigation segment saw localized softness in the Gulf Coast due to LNG timing and chemical activity. The Geospatial segment faced temporary procurement delays, and operational refinements, including regional P&Ls and support function streamlining, bolstered recurring compliance-driven services.

The company forecasts 2026 revenue of $2.15 billion to $2.25 billion, reflecting approximately 4% growth supported by a 10% year-over-year backlog increase. Data center sales are expected to approach $100 million, and EBITDA guidance reflects an $8 million headwind from aligning incentive compensation to cash.

Management is targeting $25 million in total cost synergies, with half realized in 2026 and full run-rate by mid-2027, and will launch a proprietary AI-enabled geospatial platform to boost analytics. A new $200 million share repurchase program and a completed $250 million private placement aim to strengthen the balance sheet and accelerate deleveraging.

Ben Heraud will succeed Tal Pizzey as CEO on March 31, 2026, in a planned handover following the NV5 combination. Integration efforts have shifted toward system implementation and cultural alignment under the TIC Solutions brand to ensure continuity and execution of strategic objectives.