TIC Solutions, Inc. (NYSE: TIC) reported fourth‑quarter 2025 results on March 12 2026, posting revenue of $508.3 million and an earnings‑per‑share loss of $0.25. The revenue miss of roughly $23 million fell short of the consensus estimate of about $530 million, while the EPS loss widened from the consensus profit estimate of $0.02 per share.
Revenue was down 4.5% from the $521.6 million expected by analysts and 80% lower than the $262 million recorded in the same quarter a year earlier. The decline was driven by a 12% drop in the Inspection & Mitigation segment, which offset gains in Consulting Engineering and Geospatial. The company’s combined revenue for the full year reached $2.1 billion, a 4% increase over the $2.039 billion generated by Acuren and NV5 separately in 2024.
EPS fell to a loss of $0.25 per share, a miss against the consensus profit estimate of $0.02. The loss was largely attributable to integration expenses related to the NV5 Global acquisition, one‑time non‑cash equity charges, and higher selling, general and administrative costs. Adjusted, non‑GAAP EPS was –$0.13, missing the consensus estimate of $0.048.
Gross profit for the quarter was $197 million, giving a margin of 38.8%—an improvement from the 26.1% margin reported a year earlier. Adjusted EBITDA stood at $76 million, translating to a 15.0% margin, slightly below the 15.5% margin recorded in the prior year, reflecting the impact of elevated overhead costs despite the gross‑profit expansion.
Management guided for 2026 revenue of $2.15 billion to $2.25 billion and adjusted EBITDA of $330 million to $355 million, signaling confidence that integration costs will decline and margin pressure will ease. The guidance represents a modest upside to the prior year’s outlook and underscores the company’s focus on scaling the combined platform.
CEO Tal Pizzey said, "While we faced challenges this quarter, our strategic initiatives, including the launch of GeoAgent, position us well for future growth." Newly appointed CEO Ben Heraud added, "We delivered approximately 4% combined revenue growth in 2025, assuming a full year contribution from NV5, and reached our highest annual combined revenue of approximately $2.1 billion while advancing integration of the business." He also noted, "I'm excited to step into the CEO role on March 31 and to build on the strong foundation we have established across both legacy organizations. Since joining TIC Solutions in August, my priority has been sharpening our commercial execution across the platform. That starts with aligning leadership around clear growth priorities, strengthening account management processes and accelerating cross‑segment collaboration. We are driving greater consistency and pricing and utilization."
Investors reacted negatively, citing the earnings miss and the widening loss as key concerns for the company’s near‑term profitability.
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