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HOLLYWOOD, Fla. - TIC Solutions, Inc. (NYSE:TIC) reported a third-quarter net loss of $0.08 per share, falling short of analyst expectations of $0.17 per share. The company posted revenue of $473.9 million for the quarter, representing a 56% year-over-year increase when compared to the combined revenue of $303 million in the same period last year.
The company’s shares edged up 0.18% in pre-market trading following the announcement.
The third-quarter results include contributions from NV5 Global, which TIC Solutions acquired on August 4, 2025, creating what the company describes as "a market-leading $2 billion-plus TICC and engineering services business." The quarter’s performance was marked by a net loss of $13.9 million, while Adjusted EBITDA reached $77.3 million, a 51% increase compared to the prior year.
"Our third quarter results demonstrate the strength of our platform and the strategic, operational, and financial benefits of combining the legacy Acuren and NV5 businesses into a single, diversified global leader," said Tal Pizzey, CEO of TIC Solutions. "Demand across our end markets remains resilient, and we’re seeing positive engagement across shared client relationships and complementary capabilities."
The company has increased its cost synergy target from the NV5 merger from $20 million to $25 million, signaling confidence in the integration process.
TIC Solutions reaffirmed its full-year 2025 guidance, projecting revenue between $1.53 billion and $1.565 billion and Adjusted EBITDA between $240 million and $250 million. The guidance reflects a full year of legacy Acuren operations and approximately five months of contribution from NV5.
In October 2025, the company completed a $250 million private placement of approximately 20.8 million shares of common stock at $12.00 per share, which it says will strengthen its balance sheet and provide additional flexibility for integration-related initiatives.
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