Established in 1974 and headquartered in Tomball, Texas, TIC Solutions, Inc. delivers a comprehensive suite of services encompassing nondestructive testing, inspection, engineering, ...
TIC Solutions, Inc. is a specialty business-services company operating in the broader industrials sector. Its activities center on helping customers evaluate, maintain, certify, and improve the safety, reliability, compliance, and performance of physical assets and infrastructure. The company provides technology-enabled Testing, Inspection, Certification, and Compliance, commonly referred to as TICC, ...TIC Solutions, Inc. is a specialty business-services company operating in the broader industrials sector. Its activities center on helping customers evaluate, maintain, certify, and improve the safety, reliability, compliance, and performance of physical assets and infrastructure. The company provides technology-enabled Testing, Inspection, Certification, and Compliance, commonly referred to as TICC, together with nondestructive testing, asset-integrity management, engineering, laboratory testing, consulting, and geospatial services. These capabilities are relevant to customers that own or operate complex facilities, energy assets, industrial equipment, transportation systems, buildings, utilities, and public infrastructure.
The company’s service offering includes inspection methods designed to identify defects without damaging operating equipment, laboratory analysis used to assess materials and components, engineering and technical consulting, regulatory and compliance support, and geospatial data collection and analysis. Its asset-integrity work can support the life-cycle management of critical equipment, including condition assessment, maintenance planning, risk evaluation, and documentation. By combining field personnel, laboratories, technical experts, digital tools, and engineering resources, TIC seeks to provide mission-critical services that help customers reduce downtime, manage operational risk, extend asset life, and meet safety or regulatory requirements.
TIC has operations in both the United States and Canada. The supplied information indicates a network of roughly 279 locations, including approximately 37 specialized laboratory facilities, and more than 11,000 professionals across over 250 operational sites. Financial data supplied by the market-information source reports 12,760 full-time employees, placing the company in the 10,001-20,000 employee category. The scale of its workforce and facility network allows TIC to combine national or international capabilities with local field execution.
The company’s modern public-company structure is connected to significant corporate transactions. Search results describe TIC as having been formed through the August 2025 merger of Acuren Corporation and NV5 Global, while SEC-related information states that Acuren Corporation changed its name to TIC Solutions, Inc. on October 10, 2025. Accordingly, 1974 represents the reported historical origin associated with the company or its predecessor operations, while the current TIC corporate identity is substantially more recent.
Benjamin Heraud serves as chief executive officer and was appointed to the role in March 2026. Market data identifies TIC as listed on the New York Stock Exchange, with an indicated market capitalization of approximately $2.22 billion in the supplied snapshot. The same data reports trailing revenue-related and profitability metrics showing a gross margin of approximately 32%, EBITDA margin of approximately 10.6%, and a negative net margin of approximately 5.6%. These figures suggest that TIC operates a technically valuable, service-oriented business but remains focused on improving profitability after its corporate combination and integration activities. The business is relatively asset-light compared with heavy industrial operators, although it requires specialized equipment, laboratories, qualified technicians, engineers, software, vehicles, and regional facilities. Its principal cost structure is therefore likely dominated by technical labor, subcontractors, facility operations, insurance, equipment, travel, compliance, integration, and corporate overhead rather than conventional manufacturing materials or a large bill of materials. TIC’s strategic opportunity is to cross-sell services across its combined customer base, improve utilization and operating efficiency, expand digital inspection and data capabilities, and become a scaled provider of integrated asset-integrity and infrastructure services.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$1.5B
+39.4%
+19.7%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-87.1M
+28.1%
+67.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+29.4%
+21.3%
+40.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+0.6%
+113.0%
+131.2%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-5.7%
+48.4%
+73.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$61.3M
+1459.2%
-796.6%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+4.0%
+1074.7%
-681.8%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
78.6%
+11.3%
+1.8%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
3.20x
-13.7%
-4.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello, and welcome, everyone, joining today's TIC Solutions Second Quarter 2026 Earnings Call. [Operator Instructions] Please note, this call is being recorded. It is now my pleasure to turn the meeting over to Andrew Shen with Investor Relations. Please go ahead.
Andrew Shen: Thank you, operator. Good morning, everyone, and thank you for joining the call. Joining me this morning is Ben Heraud, our Chief Executive Officer; Kristin Schultes, our Chief Financial Officer; and Robbie Franklin, Executive Chairman. I would now like to remind you that certain statements in the company's earnings press release and on this call are forward-looking statements that are based on expectations, intentions and projections regarding the company's future performance, anticipated events or trends and other matters that are not historical facts. These statements are not a guarantee of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In our press release and filings with the SEC, we detail material risks that may cause our future results to differ from our expectations. Our statements are as of today, August 6, 2026, and we undertake no obligation to update any forward-looking statements we may make, except as required by law. As a reminder, we have posted a presentation detailing our second quarter financial performance on the Investor Relations page of our website at ticsolutions.com. Our comments today will also include non-GAAP financial measures and other key operating metrics. The required reconciliations of non-GAAP financial metrics can be found in our press release and in our presentation. For the purposes of this call, we refer to our segments as Inspection and Mitigation, or I&M, Consulting & Engineering, or C&E, and Geospatial or GEO. Any reference to combined results reflects a non-GAAP combined view of legacy Acuren and legacy NV5, where applicable for a period-to-period comparability. More details on the calculation of the combined results are included in the presentation. It's now my pleasure to turn the call over to Ben.
Benjamin Heraud: Thank you, Andrew. Good morning, everyone. I want to take a moment to thank our shareholders for their continued support and our team members across the organization for their hard work and dedication to our clients. Our second quarter demonstrated solid execution across the platform. We delivered double-digit growth in Consulting & Engineering, strong growth in Geospatial and improving commercial indicators in Inspection & Mitigation as we enter the second half of the year. Cross-selling is working across the business and margin expansion is underway with consolidated adjusted EBITDA margin improving year-over-year as we progress towards our long-term target of 18%. Our services are in high demand. Aging infrastructure across the globe …
