TIC Solutions third quarter 2026 revenue of $640M and record backlog beat expectations

TIC Solutions reported third quarter 2026 revenue of $639.6 million, exceeding analyst estimates of $615 million. While the company reported a GAAP net loss of $11.1 million due to acquisition-related costs, Adjusted EPS of $0.18 beat the $0.15 expectation. Performance was bolstered by the successful integration of NV5 and strong organic demand in infrastructure, power, and data center end markets.

Key Highlights

• Combined revenue grew 12.5% year-over-year, including 8.4% organic growth driven by expansion across all three business segments.
• Adjusted EBITDA reached $107.2 million, a 39% increase over the prior year, as margins expanded 90 basis points to 16.8%.
• Record combined backlog in the Consulting & Engineering and Geospatial segments reached $1.29 billion, a 23% year-over-year increase that provides visibility into 2027.
• Management increased the full-year 2026 revenue guidance to a range of $2.24 billion to $2.27 billion.