TIC Solutions, Inc. (NYSE:TIC) reported a third-quarter net loss of $0.08 per share, missing analyst expectations of a $0.17 per share profit, even as the company delivered strong revenue growth. Total revenue reached $473.9 million, up 56% year-over-year from the combined $303 million reported during the same quarter of 2024.
Following the announcement, shares of TIC Solutions edged 0.18% higher in pre-market trading.
The third quarter included the first full contribution from NV5 Global, acquired on August 4, 2025, creating what TIC Solutions described as “a market-leading $2 billion-plus TICC and engineering services business.” The quarter closed with a net loss of $13.9 million, while Adjusted EBITDA rose 51% year-over-year to $77.3 million.
“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 also raised its cost synergy target from the NV5 merger to $25 million from $20 million, reflecting management’s confidence in the ongoing integration.
TIC Solutions reaffirmed its full-year 2025 outlook, projecting revenue between $1.53 billion and $1.565 billion and Adjusted EBITDA between $240 million and $250 million. The guidance includes a full year of legacy Acuren operations and approximately five months of NV5 contributions.
In October 2025, TIC Solutions completed a $250 million private placement, issuing around 20.8 million shares at $12.00 per share. The company said the proceeds will strengthen its balance sheet and provide additional flexibility to support integration and strategic growth initiatives.