TIC Solutions (TIC) Q3 2026 earnings summary

Executive summary

• Q3 revenue reached $639.6M, up 35% reported and 12.5% on a combined basis, with 8.4% organic growth; Adjusted EBITDA was $107.2M, up 19% combined.

• Growth spanned all three segments; cross-selling contributed to organic growth, while Inspection & Mitigation returned to growth.

• Record Consulting & Engineering and Geospatial backlog of $1.29B, up 23% YoY, and acquisitions supported increased FY2026 revenue guidance.

Financial highlights

• Q3 revenue was $639.6M versus $473.9M; reported growth primarily reflected NV5 inclusion. Combined revenue growth was 12.5% reported and 13.0% at constant currency.

• Adjusted gross profit rose 13.2% to $243.0M; adjusted gross margin was 38.0%, up from 37.8% on a combined Q3 2025 basis.

• Adjusted EBITDA was $107.2M, up 19% on a combined basis; adjusted diluted EPS was $0.18.

• Q3 operating income was $16.0M versus a $6.5M loss; net loss narrowed to $11.1M from $13.9M, with diluted loss per share of $0.05.

• Nine-month revenue was $1.712B, up 6.8% combined and 4.3% organically; Adjusted EBITDA was $259.8M at a 15.2% margin.

Outlook and guidance

• FY2026 revenue guidance increased to $2.240B–$2.270B; Adjusted EBITDA guidance is $342M–$350M.

• Q4 guidance implies revenue of $528M–$558M and Adjusted EBITDA of $82M–$90M; midpoint YoY growth is ~7% and 13%, respectively.

• The 2027 planning framework calls for mid-to-high single-digit revenue growth, with C&E and GEO expected to outpace I&M; Adjusted EBITDA growth is expected to exceed revenue growth.

• Record backlog, commercial momentum and full-year contribution from 2026 acquisitions support 2027 growth expectations; conversion depends on project schedules and execution capacity.

• 2029 objectives remain $3B revenue, an 18% Adjusted EBITDA margin and 85% free cash flow conversion.