TIC Solutions Reports Record Q3 2026 Revenue and Raises Full-Year Guidance
TIC Solutions (TIC) reported strong third-quarter results for 2026, achieving record revenue of $640 million, a 12.5% increase compared to the previous year. This growth was driven by an acceleration in organic revenue to 8.4% and robust performance across all business segments, particularly in Consulting and Engineering and Power and Utilities. The company also reported an Adjusted EBITDA of $107 million, representing a 19% year-over-year increase. Despite the top-line strength, management noted that third-quarter profitability fell below expectations due to project timing, execution challenges, and a high proportion of pass-through work in certain contracts. However, the company raised its full-year 2026 revenue guidance to a range of $2.24 billion to $2.27 billion. A significant backlog of $1.29 billion provides strong visibility into 2027 performance.
Tickers: $TIC
Topics: backlog increase EBITDA margin expansion revenue growth segment performance