TIC Solutions (NYSE:TIC) Releases Earnings Results, Beats Estimates By $0.03 EPS

TIC Solutions (NYSE:TIC) issued its earnings results on Thursday. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03, FiscalAI reports. TIC Solutions had a negative return on equity of 2.30% and a negative net margin of 5.64%. The business had revenue of $639.62 million during the quarter.

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

• TIC Solutions reported 12.5% revenue growth to $640 million, including 8.4% organic growth, while adjusted EBITDA rose 19% and margin expanded about 90 basis points to 16.8%. The company raised its full-year revenue guidance to $2.24 billion–$2.27 billion and narrowed its adjusted EBITDA range to $342 million–$350 million.
• Combined Consulting & Engineering and Geospatial backlog reached a record $1.29 billion, up 23% year over year. Management sees this supporting mid-to-high single-digit revenue growth in 2027, with adjusted EBITDA expected to grow faster than revenue, though conversion depends on project schedules and execution capacity.
• Three announced acquisitions, together representing about $90 million in annualized revenue, add geospatial, utility GIS, and European data-center commissioning capabilities. Management said the deals align with client demand and are accretive to its margin target, while noting that integration and profitable growth remain priorities.
• Geospatial adjusted gross margin fell 330 basis points to 44.9%, reflecting project timing and mix, execution challenges, and increased pass-through work. Management has made leadership changes and is applying practices from its Consulting & Engineering business to improve project execution.
• Net leverage rose to 3.9 times, and cash conversion was pressured by working-capital needs, late-quarter revenue concentration, and delayed collections tied partly to shifted Inspection & Mitigation outage schedules. The company expects some collections in the fourth quarter and the remainder in early 2027, and says improving cash conversion and reducing leverage are priorities.

TIC Solutions Stock Performance

NYSE TIC traded down $1.08 on Thursday, hitting $9.62. 3,090,405 shares of the company’s stock traded hands, compared to its average volume of 1,451,717. The firm’s 50-day moving average price is $9.25 and its two-hundred day moving average price is $8.76. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.91 and a current ratio of 2.91. TIC Solutions has a 1-year low of $6.36 and a 1-year high of $11.88.

Institutional Trading of TIC Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in TIC. Deutsche Bank AG acquired a new position in TIC Solutions in the second quarter valued at approximately $1,510,000. Bank of America Corp DE purchased a new stake in TIC Solutions in the 2nd quarter worth approximately $13,631,000. The Manufacturers Life Insurance Company purchased a new stake in TIC Solutions in the 2nd quarter worth approximately $693,000. Quantinno Capital Management LP grew its stake in shares of TIC Solutions by 605.5% during the 1st quarter. Quantinno Capital Management LP now owns 177,066 shares of the company’s stock worth $1,165,000 after purchasing an additional 151,968 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of TIC Solutions during the 2nd quarter worth approximately $868,000.

Wall Street Analyst Weigh In

TIC has been the subject of several research reports. JPMorgan Chase & Co. raised shares of TIC Solutions from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $9.00 to $11.00 in a research report on Friday, August 21st. Zacks Research raised shares of TIC Solutions from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of TIC Solutions in a research report on Friday, September 4th. UBS Group restated a “buy” rating on shares of TIC Solutions in a research note on Monday, October 19th. Finally, Robert W. Baird set a $10.00 price objective on TIC Solutions in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, TIC Solutions currently has a consensus rating of “Hold” and a consensus target price of $12.00.

About TIC Solutions

Acuren Corporation provides critical asset integrity services in North America. Its activities include various nondestructive testing (NDT) solutions, such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection. Its NDT activities include inspection and evaluation of industrial equipment through various technology-enabled methods to ensure asset integrity, avoid accidents, and comply with regulatory requirements without destroying the asset or component.