Earnings release
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Exhibit 99.1 TIC Solutions Reports Results for the Second Quarter 2026 - Delivered strong second quarter revenue of $ 584.3 million - - Reported net loss of $ 13.3 million and Adjusted EBITDA of $ 94.8 million - - Achieved record combined Consulting & Engineering and Geospatial backlog of $ 1.18 billion , up 20 % YoY - - Reaffirms full - year 2026 outlook - HOUSTON , Texas , August 6 , 2026 -- ( BUSINESS WIRE ) TIC Solutions , Inc. ( NYSE : TIC ) ( “ TIC Solutions ” or the “ Company ” ) , a leading provider of tech - enabled asset integrity , engineering , and geospatial services , today reported its financial results for the three and six months ended June 30 , 2026 . The Company's second quarter 2026 results include the financial performance of NV5 Global , Inc. ( “ NV5 " ) for the period following our acquisition of NV5 on August 4 , 2025 ( the " NV5 Acquisition " ) . All periods prior to August 4 , 2025 reflect legacy Acuren results only and therefore exclude any contribution from NV5 which materially affected year - over - year comparability of our financial results for the periods presented . Ben Heraud , CEO of TIC Solutions , stated : “ During the second quarter , we delivered solid execution across the platform , with strong growth in Consulting & Engineering and Geospatial , while Inspection & Mitigation is beginning to show improving commercial trends . Our performance reflects the fundamental strength of our lifecycle model , highlighted by record revenue in our Consulting & Engineering segment and a record backlog that has grown 20 % year - over - year to nearly $ 1.2 billion . " This backlog , expanding cross - selling activity , and continued progress on integration give us momentum as we enter the second half of 2026. We are seeing significant demand across our key end markets — particularly in Industrials , Power & Utilities , and Data Centers . As we scale our integrated platform , we are focused on converting our commercial momentum into profitable growth , margin expansion , and progress toward the long - term 3/18/85 financial targets we communicated at our Investor Day . " Second Quarter 2026 Highlights • Second quarter 2026 revenue was $ 584.3 million , compared to second quarter 2025 revenue of $ 313.9 million , representing an increase of 86 % , primarily reflecting the inclusion of NV5 results . On a combined basis , revenue increased 3.3 % year - over - year in the quarter , including 2.5 % organic growth . • Second quarter 2026 net loss of $ 13.3 million compared to second quarter 2025 net loss of $ 0.2 million . • • • Second quarter 2026 diluted loss per share was $ ( 0.06 ) . Adjusted diluted EPS was $ 0.14 . Second quarter 2026 Adjusted EBITDA of $ 94.8 million , compared to second quarter 2025 Adjusted EBITDA of $ 54.6 million , an increase of 74 % year - over - year , primarily reflecting the inclusion of NV5 results . As of June 30 , 2026 , the Company had total liquidity of $ 473.5 million , including cash and cash equivalents of $ 362.4 million plus undrawn capacity on the Company's $ 125.0 million revolving credit facility . Total term loan debt was $ 1.6 billion , net of unamortized debt issuance costs at quarter end .
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Robert A.E. Franklin, Executive Chairman of TIC Solutions, commented: “The second quarter reinforced our conviction in the strategy we outlined at our Investor Day. Record backlog, early cross-sell results, and continued synergy execution are tangible evidence that the integrated platform is creating value that neither business could generate independently, and they give us confidence in the earnings power and long-term targets we have set. “We are also executing with discipline on capital allocation. During the quarter, we reduced our cost of debt, opportunistically bought back shares, and continued to build out the platform through strategic acquisitions. Our objective remains clear: deploy capital efficiently to strengthen the business while continuing to deleverage the balance sheet.” Fiscal Year 2026 Financial Outlook TIC Solutions is reaffirming its previously issued full-year 2026 guidance of: • Revenue of $2,150 to $2,250 million • Adjusted EBITDA of $330 to $355 million Webcast and Conference Call TIC Solutions will hold a webcast and dial-in conference call to discuss its financial results at 8:30 a.m. (Eastern Time) on Thursday, August 6, 2026. Participants on the call will include Ben Heraud, Chief Executive Officer, Kristin Schultes, Chief Financial Officer, and Robert A.E. Franklin, Executive Chairman. To listen to the call by telephone, please dial 800-347-6865 or 203-518-9757 and reference conference ID “TIC.” You may also attend and view the presentation (live or by replay) via webcast by accessing the following URL: https://viavid.webcasts.com/starthere.jsp?ei=1770207&tp_key=036dac7ae0 A replay of the call will be available shortly after the completion of the live call and webcast via the webcast link above. Corporate Headquarters The Company’s corporate headquarters is now located at 2700 Post Oak Boulevard, Suite 2300, Houston, Texas 77056. About TIC Solutions, Inc. TIC Solutions is a leading provider of tech-enabled asset integrity, engineering, and geospatial services. The Company delivers mission- critical services across the full lifecycle of industrial assets, buildings, and public infrastructure, from planning and construction through operations and ongoing maintenance. Operating across North America and select international markets, TIC Solutions serves diversified client base across its principal end markets: oil and gas, industrials, buildings, power and utilities, infrastructure, natural resources, and aerospace and defense, including federal, state, and municipal customers across public-sector applications, with exposure to data centers and other high-growth industries. TIC Solutions operates through three reportable segments: Inspection & Mitigation; Consulting & Engineering; and Geospatial, providing asset integrity services, engineering and advisory solutions, and data-driven asset intelligence capabilities. The Company’s services are frequently non-discretionary, compliance-driven and typically recurring in nature, delivered by more than 12,000 professionals across over 250 locations. For more information, please visit www.ticsolutions.com. Forward-Looking Statements Certain statements in this press release, and on our conference call, are “forward-looking” statements based on assumptions currentlybelieved to be valid. Forward-looking statements are all statements other than statements of historical facts. The words “anticipate,”“believe,” “ensure,” “expect,” “if,” “intend,” “estimate,” “probable,” “project,” “forecasts,” “predict,” “outlook,” “aim,” “will,” “could,”“should,” “would,” “potential,” “may,” “might,” “likely,” “plan,” “positioned,” “strategy,” and similar expressions or other words ofsimilar meaning, and the negatives thereof, are intended to identify forward-looking statements. Specific forward-looking statements inthis press release include statements regarding the Company’s expectations and beliefs regarding (i) its guidance for revenue and AdjustedEBITDA for the third quarter and 2
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full year 2026, and the assumptions underlying such guidance, (ii) the integration of the NV5 business and the anticipated benefits andcost synergies of the combined platform, including realized savings, cross-selling opportunities and momentum, (iii) its ability to improveprofitability, drive operating efficiencies, expand margins, generate stronger cash flow, and deleverage over time, (iv) its strategy toexpand its platform and sustain growth in the years ahead, (v) its ability to deliver sustainable value creation for its shareholders, (vi) itscapital allocation strategy, including with respect to stock repurchases and acquisitions, (vii) its AI initiatives, (viii) customer demand andend-market conditions, (ix) cash flow conversion and free cash flow conversion, and (x) the performance of its three reportable segments,including the key growth drivers and commercial indicators for Inspection & Mitigation, Consulting & Engineering, and Geospatial. Theforward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act, Section 21E of theSecurities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factorsthat could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, amongothers, (i) economic conditions affecting the industries the Company serves, including the construction industry and the energy sector, aswell as general economic conditions; (ii) the ability and willingness of customers to invest in infrastructure projects; (iii) a decline indemand for the Company’s services or for the products and services of its customers; (iv) the fact that the Company’s revenues are derivedprimarily from contracts with durations of less than six months and the risk that customers will not renew or enter into new contracts; (v)the Company’s ability to successfully acquire other businesses, successfully integrate acquired businesses into its operations and managethe risks and potential liabilities associated with those acquisitions; (vi) the Company’s ability to compete successfully in the industriesand markets it serves; (vii) the Company’s ability to properly manage and accurately estimate costs associated with specific customerprojects, in particular for arrangements with fixed price terms; (viii) increases in the cost, or reductions in the supply, of the materials usedin the Company’s business and for which we bear the risk of such increases; (ix) the inherently dangerous nature of the Company’sservices and the risks of potential liability; (x) the seasonality of the Company’s business and the impact of weather conditions; (xi) theCompany’s ability to remediate any material weaknesses; (xii) the impact of health, safety and environmental laws and regulations, andthe costs associated with compliance with such laws and regulations; (xiii) the Company’s substantial level of indebtedness and the effectof restrictions on its operations set forth in the documents that govern such indebtedness, (xiv) the Company may fail to realize anticipatedsynergies or other benefits expected from the merger with NV5 in the timeframe expected or at all, (xv) a prolonged governmentshutdown, and (xvi) the ultimate timing, outcome, and results of integrating the operations of Acuren and NV5. For a detailed discussionof cautionary statements and risks that may affect the Company’s future results of operations and financial results, please refer to theCompany’s filings with the SEC, including, but not limited to, the risk factors in the Company’s Annual Report on Form 10-K for the yearended December 31, 2025 which was filed with the SEC on March 12, 2026, and any amendments thereto, and in the Company’s quarterlyreports on Form 10-Q, each as supplemented or amended from time to time. Forward-looking statements included in this press releasespeak only as of the date hereof and, except as required by applicable law, the Company does not undertake any obligation to update orrevise publicly any forward-looking statements, whether as a result of new information, future events or circumstances after the date ofthis press release. All forward-looking statements speak only as of the date they are made and are based on information available at that time. The Companyassumes no obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. Asforward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on suchstatements. Non-GAAP Financial Measures This press release and our earnings conference call contain Adjusted Gross Profit, Adjusted Gross Margin, EBITDA, Adjusted EBITDA,Adjusted EBITDA Margin, Organic Change in Revenue (On an NV5 Combined Basis), Combined Revenue Growth, Combined RevenueGrowth (Constant Currency), Adjusted Selling, General and Administrative (“SG&A”) Expenses, and Adjusted Earnings Per DilutedShare (“Adjusted EPS”), which are non-U.S. GAAP financial measures within the meaning of Regulation G promulgated by the Securitiesand Exchange Commission. As used in this press release, Adjusted Gross Profit is defined as Gross Profit less depreciation expense included in cost of revenue for theperiods presented. Adjusted Gross Margin is defined as Gross Profit divided by revenue. EBITDA is defined as earnings before interest,taxes, depreciation and amortization for the periods presented and Adjusted EBITDA is defined as EBITDA excluding the impact ofcertain non-cash and other specifically identified items for the periods presented. Adjusted EBITDA Margin is defined as AdjustedEBITDA divided by revenue. Organic Change in Revenue provides a consistent basis for year-over-year comparison as it excludes theimpacts of material acquisitions, divestitures, and foreign currency translation. When presented on a combined basis, it also reflects theimpact of the NV5 acquisition as if it had been owned for the full comparative periods. Adjusted SG&A is defined as SG&A Expense lessdepreciation and amortization and the impact of certain non-cash and other specifically identified items for the periods presented. The presentation of Combined Revenue Growth and Combined Revenue Growth (Constant Currency) for the three and six months endedJune 30, 2026, is not in accordance with GAAP and consists of the mathematical addition of Legacy Acuren revenue and NV5 revenue forthe three and six months ended June 30, 2025. No other adjustments are made to the combined presentation. However, we believe that forpurposes of discussion and analysis, the combined financial information is useful for management and investors to assess our ongoingfinancial and operational performance and 3
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trends. Combined Revenue Growth (Constant Currency) is calculated as the difference between reported revenue and revenue at fixedcurrencies for the period. The presentation of Adjusted EPS is not in accordance with GAAP. Adjusted EPS reflects adjustments to reported diluted earnings pershare (“GAAP EPS”) to eliminate amortization expense of intangible assets from acquisitions, non-cash stock compensation expense,acquisition and integration related expenses, business transformation costs, and other non-recurring charges, net of tax benefits. As wecontinue our acquisition strategy, the growth in Adjusted EPS may increase at a greater rate than GAAP EPS. A reconciliation of GAAPEPS to Adjusted EPS is provided at the end of this news release. The Company uses these non-GAAP financial measures and additional financial information both in explaining its results to shareholdersand the investment community and in its internal evaluation and management of its businesses. The Company’s management believes thatthese non-GAAP financial measures and the information they provide are useful to investors since these measures (a) permit investors toview the Company’s performance using the same tools that management uses to evaluate the Company’s past performance, reportablebusiness segments and prospects for future performance, (b) permit investors to compare the Company with its peers, (c) determinescertain elements of management’s incentive compensation, and (d) provide consistent period-to-period comparisons of the results. While the Company believes these non-GAAP measures are useful in evaluating the Company’s performance, this information should beconsidered as supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance withGAAP. Additionally, these non-GAAP financial measures may differ from similar measures presented by other companies. Areconciliation of these non-GAAP financial measures is included later in this press release. A reconciliation is not provided for 2026 Adjusted EBITDA guidance range as we are unable to predict the amounts to be adjusted, such asthe GAAP tax provision and depreciation. Accordingly, we would not be able to make a detailed reconciliation of Adjusted EBITDAwithout unreasonable efforts due to our inability to predict the amount and timing of these future items. Investor Relations Contacts Andrew Shen Director of Investor Relations Email: IR@tics.com Source: TIC Solutions, Inc. 4
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TIC Solutions, Inc. Condensed Consolidated Statements of Operations (amounts in thousands, except share and per share data) (Unaudited) Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Revenue $ 584,347 $ 313,925 $ 1,072,376 $ 548,140 Cost of revenue 380,189 239,824 706,917 430,370 Gross profit 204,158 74,101 365,459 117,770 Selling, general and administrative expenses 193,316 55,751 383,680 108,860 Income (loss) from operations 10,842 18,350 (18,221) 8,910 Interest expense, net 28,365 15,451 57,386 31,458 Other income, net (946) (777) (1,023) (1,896) Income (loss) before income tax benefit (expense) (16,577) 3,676 (74,584) (20,652) Income tax provision (benefit) (3,235) 3,909 (19,693) 5,374 Net loss (13,342) (233) (54,891) (26,026) Undistributed loss allocated to Series A Preferred Stock 61 2 252 212 Net loss allocated to common stockholders $ (13,281) $ (231) $ (54,639) $ (25,814) Basic and diluted loss per share: Common stock, basic and diluted $ (0.06) $ — $ (0.25) $ (0.21) Series A Preferred Stock, basic and diluted $ (0.06) $ — $ (0.25) $ (0.21) Weighted-average shares outstanding: Common stock, basic 217,216,768 121,476,215 217,233,878 121,476,215 Common stock, diluted 218,216,768 122,476,215 218,233,878 122,476,215 Series A Preferred Stock, basic and diluted 1,000,000 1,000,000 1,000,000 1,000,000 5
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TIC Solutions, Inc. Condensed Consolidated Balance Sheets (amounts in thousands) (Unaudited) June 30, 2026 December 31, 2025 Assets Current assets: Cash and cash equivalents $ 362,420 $ 439,536 Accounts receivable, net 381,200 366,293 Contract assets 203,819 154,439 Prepaid expenses and other current assets 66,898 60,768 Total current assets 1,014,337 1,021,036 Property and equipment, net 241,117 255,625 Operating lease right-of-use assets, net 52,598 60,209 Goodwill 1,661,520 1,649,595 Intangible assets, net 1,311,901 1,391,382 Deferred tax assets 1,398 1,438 Other assets 9,650 17,024 Total assets $ 4,292,521 $ 4,396,309 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 57,217 $ 60,426 Accrued expenses and other current liabilities 174,686 151,626 Contract liabilities 61,844 47,846 Current portion of long-term debt 23,129 25,511 Current portion of lease obligations 31,280 33,584 Total current liabilities 348,156 318,993 Long-term debt, net of current portion 1,589,615 1,587,686 Non-current lease obligations 58,992 66,049 Deferred tax liabilities 185,110 222,955 Other non-current liabilities 14,361 20,710 Total liabilities 2,196,234 2,216,393 Total liabilities and stockholders' equity $ 4,292,521 $ 4,396,309 6
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TIC Solutions, Inc. Condensed Consolidated Statements of Cash Flows (amounts in thousands) (Unaudited) Six Months Ended June 30, 2026 June 30, 2025 Cash flows from operating activities: Net loss $ (54,891) $ (26,026) Adjustments to reconcile net loss to cash flows from operating activities: Depreciation and amortization 119,303 58,136 Noncash lease expense 12,235 5,139 Share-based compensation expense 24,237 2,980 Amortization of deferred financing costs 3,765 1,682 Deferred taxes (25,857) (11,718) Other 1,406 1,305 Changes in operating assets and liabilities, net of effects of acquisitions: Accounts receivable (17,121) 19,571 Contract assets (64,742) (32,207) Prepaid expenses and other current assets (3,768) 8,388 Accounts payable (4,861) 974 Accrued expenses and other current liabilities 23,372 3,387 Operating lease obligations (11,974) (4,904) Contract liabilities 2,026 47 Other assets and liabilities (2,972) (449) Net cash provided by operating activities 158 26,305 Cash flows from investing activities: Business acquisitions, net of cash acquired (10,324) (16,656) Purchases of property and equipment (25,381) (12,494) Proceeds from sale of property and equipment 2,325 743 Net cash used in investing activities (33,380) (28,407) Cash flows from financing activities: Payments on long-term borrowings (4,131) (3,865) Payments of debt issuance costs — (1,165) Payments on finance lease obligations and other long-term debt (18,247) (5,278) Payments related to tax withholdings for stock-based compensation (2,753) — Payments related to repurchases of common stock (15,684) — Net cash used in financing activities (40,815) (10,308) Effect of exchange rate changes on cash and cash equivalents (3,079) 3,332 Net change in cash and cash equivalents (77,116) (9,078) Beginning of period 439,536 139,134 End of period $ 362,420 $ 130,056
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TIC Solutions, Inc. Reconciliation of Non-GAAP Financial Measures Adjusted Gross Profit and Adjusted Gross Margin (amounts in thousands) (Unaudited) Three Months Ended June 30, 2026 Inspection & Mitigation Consulting & Engineering Geospatial Total Revenue $ 296,696 $ 206,636 $ 81,015 $ 584,347 Cost of revenue 229,447 109,029 41,713 380,189 Gross profit $ 67,249 $ 97,607 $ 39,302 $ 204,158 Depreciation expense included in cost of revenue 16,770 — 2,421 19,191 Adjusted gross profit $ 84,019 $ 97,607 $ 41,723 $ 223,349 Adjusted gross margin 28.3 % 47.2 % 51.5 % 38.2 % Three Months Ended June 30, 2025 Inspection & Mitigation Consulting & Engineering Geospatial Total Revenue $ 313,925 $ — $ — $ 313,925 Cost of revenue 239,824 — — 239,824 Gross profit $ 74,101 $ — $ — $ 74,101 Depreciation expense included in cost of revenue 16,219 — — 16,219 Adjusted gross profit $ 90,320 $ — $ — $ 90,320 Adjusted gross margin 28.8 % — % — % 28.8 % Combined Three Months Ended June 30, 2025 Inspection & Mitigation Consulting & Engineering Geospatial Total Revenue $ 313,925 $ 176,880 $ 75,104 $ 565,909 Cost of revenue 239,824 94,620 41,067 375,511 Gross profit $ 74,101 $ 82,260 $ 34,037 $ 190,398 Depreciation expense included in cost of revenue 16,219 — 1,907 18,126 Adjusted gross profit $ 90,320 $ 82,260 $ 35,944 $ 208,524 Adjusted gross margin 28.8 % 46.5 % 47.9 % 36.8 % (1) Adjusted Gross Margin is calculated as Adjusted Gross Profit divided by revenue for the applicable period. (2) The amounts presented for the combined three months ended June 30, 2025 for Consulting & Engineering and Geospatial are basedon the Company’s reclassification of certain costs that NV5 historically presented within “Salaries and wages, payroll taxes, andbenefits” which the Company classifies as “Cost of revenue.” (1) (1) (2) (2) (1) 8
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TIC Solutions, Inc. Reconciliation of Non-GAAP Financial Measures Adjusted Gross Profit and Adjusted Gross Margin (amounts in thousands) (Unaudited) Six Months Ended June 30, 2026 Inspection & Mitigation Consulting & Engineering Geospatial Total Revenue $ 531,522 $ 394,012 $ 146,842 $ 1,072,376 Cost of revenue 423,513 207,233 76,171 706,917 Gross profit $ 108,009 $ 186,779 $ 70,671 $ 365,459 Depreciation expense included in cost of revenue 33,397 — 4,637 38,034 Adjusted gross profit $ 141,406 $ 186,779 $ 75,308 $ 403,493 Adjusted gross margin 26.6 % 47.4 % 51.3 % 37.6 % Six Months Ended June 30, 2025 Inspection & Mitigation Consulting & Engineering Geospatial Total Revenue $ 548,140 $ — $ — $ 548,140 Cost of revenue 430,370 — — 430,370 Gross profit $ 117,770 $ — $ — $ 117,770 Depreciation expense included in cost of revenue 31,581 — — 31,581 Adjusted gross profit $ 149,351 $ — $ — $ 149,351 Adjusted gross margin 27.3 % — % — % 27.3 % Combined Six Months Ended June 30, 2025 Inspection & Mitigation Consulting & Engineering Geospatial Total Revenue $ 548,140 $ 347,909 $ 138,120 $ 1,034,169 Cost of revenue 430,370 185,307 71,695 687,372 Gross profit $ 117,770 $ 162,602 $ 66,425 $ 346,797 Depreciation expense included in cost of revenue 31,581 — 3,666 35,247 Adjusted gross profit $ 149,351 $ 162,602 $ 70,091 $ 382,044 Adjusted gross margin 27.3 % 46.7 % 50.7 % 36.9 % (1) Adjusted Gross Margin is calculated as Adjusted Gross Profit divided by revenue for the applicable period. (2) The amounts presented for the combined six months ended June 30, 2025 for Consulting & Engineering and Geospatial are basedon the Company’s reclassification of certain costs that NV5 historically presented within “Salaries and wages, payroll taxes, andbenefits” which the Company classifies as “Cost of revenue.” (1) (1) (1) 9
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TIC Solutions, Inc. Reconciliation of Non-GAAP Financial Measures Adjusted EBITDA and Adjusted EBITDA Margin (amounts in thousands) (Unaudited) Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net loss $ (13,342) $ (233) $ (54,891) $ (26,026) Income tax provision (benefit) (3,235) 3,909 (19,693) 5,374 Interest expense, net 28,365 15,451 57,386 31,458 Depreciation and amortization expense 60,424 29,537 119,303 58,136 EBITDA 72,212 48,664 102,105 68,942 Adjustments: Non-cash stock compensation expense 11,325 1,873 24,237 2,980 ASP Acuren Acquisition transaction related expenses — — — 467 Acquisition related transaction and integration expenses 8,683 1,882 22,810 2,742 Business transformation costs 1,349 1,970 3,547 4,620 Other non-recurring charges 1,280 172 (105) 663 Adjusted EBITDA $ 94,849 $ 54,561 $ 152,594 $ 80,414 Revenue 584,347 313,925 1,072,376 548,140 Adjusted EBITDA margin 16.2 % 17.4 % 14.2 % 14.7 % (1) Adjustment to add back stock compensation expense. (2) Adjustment to add back transaction related expenses for the Acuren Acquisition. (3) Adjustment to add back transaction and acquisition integration related costs and similar items for acquisitions not including the Acuren Acquisition. This includes costs related to the NV5 Acquisition. (4) Adjustment to reflect the elimination of non-recurring costs related to business transformation expenses. (5) Adjustment to add back other non-recurring charges. (6) Adjusted EBITDA Margin is calculated as Adjusted EBITDA divided by revenue for the applicable period. (1) (2) (3) (4) (5) (6) 10
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TIC Solutions, Inc. Non-GAAP Financial Measure Organic Change in Revenue (On an NV5 Combined Basis) (Unaudited) Three Months EndedJune 30, 2026 Six Months EndedJune 30, 2026 Change in Revenue (As Reported) 86.1 % 95.6 % Impact from NV5 Revenue 82.8 % 91.9 % Total Combined Revenue Growth 3.3 % 3.7 % Foreign Currency Translation (0.1)% (0.6)% Total Combined Revenue Growth (Constant Currency) 3.2 % 3.1 % Acquisitions (0.7)% (0.8)% Organic Change in Revenue (NV5 Combined) 2.5 % 2.3 % (1) Adjustment to include NV5’s revenue for the three and six months ended June 30, 2025 for purposes of calculating combinedorganic revenue growth. (2) Represents the effect of foreign currency on reported revenue, calculated as the difference between reported revenue andrevenue at fixed currencies for the period. Fixed currency amounts are based on translation into U.S. Dollars at fixed foreigncurrency exchange rates established by management. (3) Adjustment to exclude revenue from material acquisitions from their respective dates of acquisition until the first yearanniversary from date of acquisition. This adjustment also excludes material NV5 acquisitions from the combined comparableperiod. (1) (2) (3) 11
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TIC Solutions, Inc. Reconciliation of Non-GAAP Financial Measure Adjusted SG&A Expenses (amounts in thousands) (Unaudited) Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Selling, general and administrative expenses (“SG&A”) $ 193,316 $ 55,751 $ 383,680 $ 108,860 Adjustments: Depreciation and amortization (41,233) (13,318) (81,269) (26,555) Non-cash stock compensation expense (11,325) (1,873) (24,237) (2,980) Acuren Acquisition transaction related expenses — — — (467) Acquisition related transaction and integration expenses (8,683) (1,872) (20,746) (3,249) Business transformation costs (1,349) (1,991) (3,547) (4,528) Other non-recurring charges (1,459) (172) (1,459) (663) Adjusted SG&A expenses $ 129,267 $ 36,525 $ 252,422 $ 70,418 Revenue 584,347 313,925 1,072,376 548,140 Adjusted SG&A expenses as a % of revenue 22.1 % 11.6 % 23.5 % 12.8 % (1) Adjustment to add back stock compensation expense. (2) Adjustment to add back transaction related expenses for the Acuren Acquisition. (3) Adjustment to add back transaction and acquisition integration related costs and similar items for acquisitions not including the Acuren Acquisition. This includes costs related to the NV5 Acquisition. (4) Adjustment to reflect the elimination of non-recurring costs related to business transformation expenses. (5) Adjustment to add back other non-recurring charges. (1) (2) (3) (4) (5) 12
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TIC Solutions, Inc. Reconciliation of Non-GAAP Financial Measure Adjusted EPS (amounts in thousands except share and per share data) (Unaudited) Three Months Ended Six Months Ended June 30, 2026 June 30, 2026 Net loss (as reported) $ (13,342) $ (54,891) Adjustments: Amortization of intangible assets 37,186 74,139 Non-cash stock compensation expense 11,325 24,237 Acquisition related transaction and integration expenses 8,683 22,810 Business transformation costs 1,349 3,547 Other non-recurring charges 1,280 (105) Income tax provision adjustment (14,956) (31,157) Adjusted net income $ 31,525 $ 38,580 Income allocated to Series A Preferred Stock (144) (177) Adjusted net income allocated to common stockholders $ 31,381 $ 38,403 Common stock, diluted (as reported) 218,216,768 218,233,878 Adjustments: Dilutive impact of restricted stock awards 3,151,618 3,260,838 Dilutive impact of restricted stock units 1,066,860 844,858 Adjusted common stock, diluted 222,435,246 222,339,574 Adjusted EPS, diluted $ 0.14 $ 0.17 (1) Adjustment represents the income tax effect of the pre-tax adjustments using an estimated adjusted effective tax rate of 25.0%. (2) Adjustment reflects the addition of the dilutive impact of restricted stock awards and restricted stock units. (1) (2) (2) 13