TIC Solutions (NYSE:TIC) Posts Earnings Results

by · The Cerbat Gem

TIC Solutions (NYSE:TIC – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($0.19) EPS for the quarter, FiscalAI reports. The business had revenue of $488.03 million during the quarter. TIC Solutions had a negative net margin of 5.69% and a negative return on equity of 4.37%.

Here are the key takeaways from TIC Solutions’ conference call:

  • Q1 combined revenue was $488 million (up 4.3% YoY) with adjusted EBITDA of $57.7 million, and management reaffirmed full‑year 2026 guidance of $2.15B–$2.25B revenue and $330M–$355M adjusted EBITDA.
  • Consulting Engineering delivered strong results with revenue up 9.5% and a 60 bps margin expansion, led by data center demand, while combined CE+Geo backlog rose to $1.12 billion (≈+14% YoY), supporting near‑term visibility.
  • Inspection & Mitigation was essentially flat on revenue and saw margin pressure (adjusted gross margin down to 24.4%) driven by Gulf Coast LNG timing, prior site losses and shifted outage work, with recovery expected later in the year but visibility uneven.
  • Integration is ahead of schedule on cost synergies with ~$17M of the $25M program actioned and management now expects roughly $15M of realized savings in 2026, which should support margin expansion.
  • Geospatial grew ~4.5% but reported lower margin due to a strategic subcontract‑heavy pilot; the company is advancing GeoAI and expects mid‑single‑digit longer‑term growth.

TIC Solutions Price Performance

Shares of TIC traded down $0.33 during trading hours on Thursday, hitting $9.99. 3,586,682 shares of the stock were exchanged, compared to its average volume of 2,810,609. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.20 and a current ratio of 3.20. TIC Solutions has a 12-month low of $6.36 and a 12-month high of $14.94. The company has a market cap of $2.21 billion, a price-to-earnings ratio of -18.49 and a beta of 3.21. The stock’s 50-day moving average price is $8.16 and its two-hundred day moving average price is $9.66.

More TIC Solutions News

Here are the key news stories impacting TIC Solutions this week:

  • Positive Sentiment: TIC reaffirmed its 2026 outlook for $2.15B–$2.25B in revenue and $330M–$355M in adjusted EBITDA and said cost synergies will ramp to about $15M — a sign management expects the NV5 acquisition to drive near-term scale and margin improvement. MSN Article
  • Positive Sentiment: The company scheduled an Investor Day for May 19 that could provide more detail on integration plans, synergy timing and long‑term targets — an event that can reset investor expectations if management delivers clarity. BusinessWire: Investor Day
  • Neutral Sentiment: Q1 report: revenue of $488.0M beat some estimates but EPS was a ($0.19) loss and net margin/ROE remain negative — mixed fundamentals that leave valuation sensitive to execution. BusinessWire: Q1 Results
  • Neutral Sentiment: Q1 earnings call transcript and analyst notes provide detail on integration and cost actions — useful for investors but not yet decisive. Seeking Alpha Transcript
  • Negative Sentiment: JPMorgan raised its price target from $7 to $9 but kept an “underweight” rating, signaling the firm still sees downside vs. broader market expectations — pressure on sentiment despite the higher target. Benzinga
  • Negative Sentiment: Analysts have a consensus “Reduce” tilt and headline coverage flags risks from the NV5 integration and a CEO transition — governance and execution worries that can weigh on the stock until progress is evident. American Banking News
  • Negative Sentiment: Coverage also highlights that while revenue beat estimates, EPS remains negative (losses per share), keeping profitability and free‑cash concerns front and center for investors. Zacks

Institutional Trading of TIC Solutions

Several large investors have recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of TIC Solutions by 10.1% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,688 shares of the company’s stock worth $83,000 after purchasing an additional 1,165 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of TIC Solutions by 123.5% during the third quarter. Nisa Investment Advisors LLC now owns 2,277 shares of the company’s stock worth $30,000 after purchasing an additional 1,258 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of TIC Solutions during the third quarter worth approximately $33,000. Clearstead Advisors LLC purchased a new stake in shares of TIC Solutions during the third quarter worth approximately $43,000. Finally, HB Wealth Management LLC increased its position in shares of TIC Solutions by 22.9% during the first quarter. HB Wealth Management LLC now owns 18,521 shares of the company’s stock worth $122,000 after purchasing an additional 3,445 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings assumed coverage on TIC Solutions in a research report on Thursday, March 12th. They issued a “sell (d-)” rating for the company. Robert W. Baird set a $11.00 price objective on TIC Solutions in a research report on Thursday. Roth Mkm assumed coverage on TIC Solutions in a research report on Tuesday, March 17th. They issued a “buy” rating and a $10.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on TIC Solutions from $7.00 to $9.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, Zacks Research cut TIC Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, TIC Solutions has a consensus rating of “Reduce” and a consensus price target of $10.60.

Read Our Latest Analysis on TIC

About TIC Solutions

(Get Free Report)

Acuren Group Inc (NYSEAMERICAN:TIC) is a leading provider of non‐destructive testing (NDT), inspection, engineering and consulting services to the energy, petrochemical, manufacturing and infrastructure sectors. The company employs a range of advanced testing techniques—such as ultrasonic, radiographic, magnetic particle, liquid penetrant, eddy current and acoustic emission—to evaluate the integrity of pressure vessels, pipelines, storage tanks and other critical assets. By combining field inspections with laboratory analysis, Acuren helps clients identify defects, prevent equipment failures and meet regulatory requirements.

In addition to core NDT capabilities, Acuren offers specialty engineering and consulting services including fitness‐for‐service assessments, corrosion under insulation surveys, mechanical integrity programs, failure analysis and field machining.

See Also