TIC Solutions Q2 Earnings Call Highlights

Second-quarter results improved: Revenue rose 3.3% to $584 million, while adjusted EBITDA increased to $95 million and the margin expanded to 16.2%. Consulting & Engineering and Geospatial growth offset a decline in Inspection & Mitigation. Backlog and end-market demand remain strong: Consulting & Engineering and Geospatial backlog reached a record $1.18 billion, up 20% year over year, supported by demand from infrastructure, power modernization, LNG, data centers, buildings and aerospace. Guidance was reaffirmed: TIC Solutions expects third-quarter revenue of $610 million–$630 million and adjusted EBITDA of $100 million–$110 million, while maintaining full-year revenue guidance of $2.15 billion–$2.25 billion and EBITDA guidance of $330 million–$355 million.

TIC Solutions NYSE: TIC reported second-quarter revenue of $584 million, up 3.3% from $566 million a year earlier on a combined basis, as growth in its Consulting & Engineering and Geospatial businesses offset lower revenue in Inspection & Mitigation. Adjusted EBITDA rose to $95 million from $89 million, while adjusted EBITDA margin improved 40 basis points to 16.2%. Adjusted gross margin increased 135 basis points to 38.2%, which Chief Financial Officer Kristin Schultes attributed to commercial selection, favorable business mix in Consulting & Engineering and Geospatial, and improved operating execution. Adjusted diluted earnings per share were $0.10.

“Our second quarter demonstrated solid execution across the platform,” Chief Executive Officer Ben Heraud said, citing double-digit Consulting & Engineering growth, Geospatial growth, improving commercial activity in Inspection & Mitigation, and rising cross-selling activity. Backlog Growth Supports Outlook Combined Consulting & Engineering and Geospatial backlog reached a record $1.18 billion, up 20% year over year. Heraud said the backlog provides visibility into the second half of 2026 and next year, while also reflecting increased cross-selling across the company’s service lines. The company cited a recent municipal-client assignment involving bridges and water pump stations as an example of its integrated approach. TIC Solutions said it will develop digital twins and use asset data and condition assessments to support engineering, inspection and mitigation programs. Management pointed to continued demand from aging infrastructure, power-grid modernization, LNG projects, data centers and asset-management applications. Quarterly revenue in the buildings end market increased 28% to $115 million, while industrial manufacturing and metals revenue rose more than 40% to $56 million. Power and utilities revenue increased 11% to $90 million, and aerospace and defense revenue rose more than 40% to $10 million. TIC Solutions also described several internal artificial-intelligence initiatives, including tools intended to help field technicians access procedures, enable engineers to search historical reports, and review documents for potential inconsistencies, risks and compliance matters. Heraud said the company expects such tools over time to support utilization, cost discipline and margins. Consulting and Geospatial Drive Growth Consulting & Engineering revenue increased 16.8% to a second-quarter record of $207 million. Adjusted gross margin for the segment rose 75 basis points to 47.2%, driven by favorable mix and improved operating execution. Heraud said segment growth was supported by power and utilities, buildings, infrastructure and data-center work. Data-center revenue reached $98 million on a trailing-12-month basis, and its data-center backlog exceeded $110 million. During the call, Heraud said that excluding data centers, Consulting ...