TIC Solutions Q1 FY26 net loss widens to $41.55 million; revenue more than doubled to $488.03 million

TIC Solutions

TIC Solutions

TIC

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  • TIC Solutions posted a net loss of $41.55 million as revenue more than doubled to $488.03 million.
  • Operating loss widened to $29.06 million from $9.44 million, while interest expense, net climbed 81% to $29.02 million.
  • Gross profit margin expanded to 33.1% from 18.6%, driven by the NV5 acquisition, which contributed $120.5 million of gross profit at a 48% margin.
  • SG&A jumped to $150.33 million from $39.87 million, reflecting $95.3 million of incremental expense tied to the NV5 acquisition.
  • Board authorized a $200 million share repurchase program, with no shares repurchased as of March 31, 2026.


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