TIC Solutions TIC
TIC Solutions Solutions reports record Q3 revenue of $639.6 million
Item 2.02 Reports results
- Form
- 8-K
- Filed
- Importance
- Major
- Accession
- 0001628280-26-070564
- Third quarter revenue of $639.6 million, up 35% year-over-year
- Net loss of $11.1 million, compared to $13.9 million in the same period last year
- Adjusted EBITDA of $107.2 million, up 39% year-over-year
- Full-year 2026 revenue outlook raised to $2,240 to $2,270 million
Written from the 8-K on EDGAR. AI can make mistakes. Check the filing.
The reading, claim by claim
- The filing includes a press release with details on revenue, net loss, and Adjusted EBITDA.
- The press release states that third quarter 2026 revenue was $639.6 million, up 35% year-over-year.
- Net loss for the quarter was $11.1 million, with Adjusted EBITDA of $107.2 million.
- The company also reported a 12.5% increase in combined revenue, including 8.4% organic growth.
- Adjusted EBITDA guidance was set at $342 to $350 million.
- The company also noted a record combined backlog of $1.29 billion as of September 30, 2026.
6 of 6 claims matched the filing text.
From the filing
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On November 5, 2026, TIC Solutions, Inc. (the "Company") issued a press release announcing its financial results for the third quarter ended September 30, 2026. A copy of the press release is furnished as Exhibit 99.1.1
The information furnished under this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in any such filing, unless the Company expressly sets forth in such filing that such information is to be considered "filed" or incorporated by reference therein.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d): The following exhibits are being filed herewith:
Exhibit No. Description
99.1
Press Release Issued by TIC Solutions, Inc. on November 5 , 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TIC Solutions, Inc.
Date: November 5, 2026
By: /s/ Kristin Schultes
Name: Kristin Schultes
Title: Chief Financial Officer
2
TiC Solutions Reports Results for the Third Quarter 2026
- Delivered record third quarter revenue of $639.6 million, up 35%, or up 12.5% on a combined basis -
- Reported net loss of $11.1 million and Adjusted EBITDA of $107.2 million3 -
- Increases full-year 2026 revenue outlook -
HOUSTON, Texas, November 5, 2026 -- (BUSINESS WIRE) -- TIC Solutions, Inc. (NYSE: TIC) ("TiC Solutions" or the "Company"), a leading provider of tech-enabled asset integrity, engineering, and geospatial services, today reported its financial results for the three and nine months ended September 30, 2026.
The Company's third quarter 2026 results include the financial performance of NV5 Global, Inc. ("NV5") for the period following our acquisition of NV5 on August 4, 2025 (the "NV5 Acquisition"). All periods prior to August 4, 2025 reflect legacy Acuren results only and therefore exclude any contribution from NV5 which materially affected year-over-year comparability of our financial results for the periods presented.
Ben Heraud, CEO of TiC Solutions, stated : "We delivered a record third quarter. On a combined basis, revenue grew 12.5%, including organic growth of 8.4%, Adjusted EBITDA grew 19%, and Adjusted EBITDA margin expanded approximately 90 basis points to 16.8%. Revenue increased across all 3 segments. These results reflect progress on our priorities: winning in essential, high-demand end markets and geographies, expanding our role across the asset lifecycle and client relationships, and improving profitability as we scale.
"Investment in aging infrastructure, energy, data centers, and digitization continues to support demand for our services. Cross-selling is contributing to organic growth as our teams combine inspection, engineering, and geospatial capabilities to support clients across the asset lifecycle. Our recent acquisitions add complementary capabilities and client relationships, while record backlog provides visibility heading into 2027. We are increasing our full-year revenue outlook and narrowing our Adjusted EBITDA guidance range, while remaining focused on converting demand into profitable growth and stronger cash flow."
Third Quarter 2026 Highlights
• Third quarter 2026 revenue was $639.6 million, compared to third quarter 2025 revenue of $473.9 million, representing an increase of 35%2, primarily reflecting the inclusion of NV5 results.
• Third quarter 2026 net loss of $11.1 million compared to third quarter 2025 net loss of $13.9 million.
• Third quarter 2026 diluted loss per share was $(0.05). Adjusted diluted EPS was $0.18.
• Third quarter 2026 Adjusted EBITDA of $107.2 million, compared to third quarter 2025 Adjusted EBITDA of $77.3 million, an increase of 39% year-over-year, primarily reflecting the inclusion of NV5 results.
• As of September 30, 2026, the Company had total liquidity of $293.3 million, including cash and cash equivalents of $197.9 million plus undrawn capacity on the Company's $125.0 million revolving credit facility. Total term loan debt was $1.6 billion, net of unamortized debt issuance costs at quarter end.
Robert A.E. Franklin, Executive Chairman of TiC Solutions, commented : "This quarter's results reinforce the strategic rationale of bringing Acuren and NV5 together. Our recent acquisitions add complementary capabilities and client relationships that broaden our growth opportunities in strategic end markets, service lines, and geographies.
"Our priority is to translate that growth into sustained earnings, stronger cash generation, and long-term shareholder value. We will remain disciplined in allocating capital to organic investment and acquisitions while strengthening our balance sheet. We aim to sustain this momentum while improving cash conversion and reducing net leverage as we pursue our 3 / 18 / 85 financial objectives for 2029."
Fiscal Year 2026 Financial Outlook
TiC Solutions is updating its full-year 2026 guidance to:
• Revenue of $2,240 to $2,270 million
• Adjusted EBITDA of $342 to $350 million5
Conference Call and Webcast
TiC Solutions will hold a webcast/dial-in conference call to discuss its financial results at 8:30 a.m. (Eastern Time) on Thursday, November 5, 2026. Participants on the call will include Ben Heraud, Chief Executive Officer, Kristin Schultes, Chief Financial Officer, and Robert A.E. Franklin, Executive Chairman.
A replay of the call will be available shortly after the completion of the live call and webcast via the webcast link above.
About TiC Solutions
TiC Solutions is a leading provider of tech-enabled asset integrity, engineering, and geospatial services. The Company delivers mission-critical services across the full lifecycle of industrial assets, buildings, and public infrastructure, from planning and construction through operations and ongoing maintenance. Operating across N
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