TIC Solutions Q2 revenue jumps 86% - TIC News | RalliesTIC Solutions Q2 revenue jumps 86%
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TIC• Key Q2 figures
| Metric | Actual |
|---|
| Q2 Revenue | $584.35 mln |
| Q2 Net Loss | $13.34 mln |
| Q2 Gross Profit | $204.16 mln |
| Q2 Income from Operations | $10.84 mln |
| Q2 Pretax Loss | $16.58 mln |
Outlook and analyst coverage
- TIC Solutions reaffirmed 2026 revenue guidance of $2,150 mln to $2,250 mln.
- Company maintained its 2026 adjusted EBITDA forecast of $330 mln to $355 mln.
- TIC Solutions sees strong demand in Industrials, Power & Utilities, and Data Centers.
- The current average analyst rating on the shares is "buy", with 4 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell".
- The average consensus recommendation for the business support services peer group is .
"buy"
Wall Street's median 12-month price target for TIC Solutions Inc is $12.00, about 46.7% above its August 5 closing price of $8.18.Q2 revenue jumps on NV5 acquisition and segment growth
- US asset integrity and engineering firm's Q2 revenue rose 86% yr/yr to $584.3 mln.
- Company posted a Q2 net loss of $13.3 mln as integration costs weighed on results.
- Record consulting & engineering and geospatial backlog reached $1.18 bln, up 20% yr/yr.
- Q2 results largely reflect inclusion of NV5, which materially affected year-over-year comparability.
- Record revenue and backlog in Consulting & Engineering and Geospatial segments drove results, per CEO Ben Heraud.
- Significant demand across Industrials, Power & Utilities, and Data Centers supported growth.
