Tic Solutions' stock surged 10.53% during pre-market trading on Wednesday, following the release of its first quarter 2026 financial results.
The company reported record quarterly revenue of $488.0 million, more than doubling from $234.2 million in the same period last year. This dramatic increase was primarily driven by the inclusion of results from the NV5 acquisition. Adjusted EBITDA also showed significant improvement, rising 123% year-over-year to $57.7 million, while the gross profit margin expanded to 33.1% from 18.6%.
Management reaffirmed its full-year 2026 outlook, expecting revenue between $2.15 billion and $2.25 billion and Adjusted EBITDA in the range of $330 million to $355 million. The board also authorized a new $200 million share repurchase program. CEO Ben Heraud stated the company is off to a "healthy start in 2026" and expressed confidence in the integration of NV5 and the combined platform's market exposure.