TIC Solutions (NYSE:TIC) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

TIC Solutions (NYSE:TIC) posted its quarterly earnings results on Thursday. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03, FiscalAI reports. TIC Solutions had a negative net margin of 5.64% and a negative return on equity of 2.30%. 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 Up 6.0%

NYSE:TIC traded up $0.58 during mid-day trading on Friday, reaching $10.20. The stock had a trading volume of 1,023,896 shares, compared to its average volume of 2,241,883. The business’s 50 day moving average is $9.25 and its 200 day moving average is $8.76. TIC Solutions has a fifty-two week low of $6.36 and a fifty-two week high of $11.86. The stock has a market cap of $2.23 billion, a P/E ratio of -17.60 and a beta of 2.76. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.91 and a quick ratio of 2.91.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TIC. Weiss Ratings reiterated 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 report on Monday, October 19th. Zacks Research raised shares of TIC Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. upgraded TIC Solutions from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $9.00 to $11.00 in a report on Friday, August 21st. Finally, Robert W. Baird set a $10.00 price objective on TIC Solutions in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.00.

Institutional Trading of TIC Solutions

A number of institutional investors have recently added to or reduced their stakes in the business. Lido Advisors LLC bought a new position in shares of TIC Solutions in the 3rd quarter valued at approximately $97,000. Fulcrum Asset Management LLP acquired a new stake in TIC Solutions in the 3rd quarter worth approximately $212,000. Ascent Group LLC boosted its position in TIC Solutions by 10.7% during the third quarter. Ascent Group LLC now owns 11,223 shares of the company’s stock worth $93,000 after purchasing an additional 1,088 shares during the period. Hollow Brook Wealth Management LLC bought a new stake in TIC Solutions during the third quarter worth approximately $268,000. Finally, State of Alaska Department of Revenue bought a new stake in TIC Solutions during the third quarter worth approximately $85,000.

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.