TIC Solutions, Inc. (NYSE:TIC) reported a fourth-quarter loss on Thursday that came in worse than analyst expectations.
Following the release of the results, the company’s shares fell 3.31% in premarket trading.
The company recorded an adjusted loss of $0.25 per share for the quarter, missing the analyst consensus estimate of a $0.08 loss per share by $0.33.
Quarterly revenue totaled $508.3 million, representing a 94% year-over-year increase, largely due to the inclusion of NV5’s financial results after the companies completed their merger in August 2025. For the full year 2025, revenue reached $1.5 billion, up 39% compared with the combined revenue of $1.1 billion reported in 2024.
The stock moved modestly lower after the earnings miss, although the company also issued guidance for the full 2026 fiscal year.
TIC Solutions expects revenue between $2.15 billion and $2.25 billion in 2026. The midpoint of $2.20 billion is slightly below the analyst consensus estimate of $2.21 billion.
The company also projected adjusted EBITDA of between $330 million and $355 million for 2026.
“We delivered approximately 4% combined revenue growth in 2025, assuming a full year contribution from NV5, and reached our highest annual combined revenue of approximately $2.1 billion while advancing integration of the business,” said Ben Heraud, President and Chief Operating Officer.
TIC Solutions also announced that Heraud will become Chief Executive Officer effective March 31, 2026, succeeding Tal Pizzey, who is set to retire after four decades with the company.
Pizzey will remain on the company’s Board of Directors and will serve as an advisor during the leadership transition.
For the full year, TIC Solutions reported adjusted EBITDA of $234.1 million, representing a 25% increase from the previous year’s combined adjusted EBITDA of $186.7 million.
The company said it expects about half of its planned $25 million in cost synergies from the NV5 integration to be realized during 2026.
In addition, the Board of Directors approved a $200 million share repurchase program on March 10, 2026.