TIC Solutions, Inc. Q1 FY2026 earnings call

• Strategic priorities include winning in high-demand end markets/geographies, expanding role across asset lifecycle/client relationships, and driving higher value growth through margin expansion and disciplined capital allocation. • Consulting Engineering had broad-based revenue growth, with data centers as a key driver and adjusted gross margin expansion. • Geospatial performed well with growth supported by commercial/utility demand and geospatial digital transformation solutions. • Inspection and Mitigation focused on margin integrity and higher margin opportunities despite flat revenue. • Operating objectives aligned with strategic priorities such as organic growth, organizational alignment/cross-segment collaboration, and margin expansion/disciplined capital allocation

Consulting Engineering: Revenue increased 9.5% year-over-year, adjusted gross profit rose 11% year-over-year, and adjusted gross margin expanded 60 basis points. Data centers were a major growth driver. Geospatial: Revenue grew 4.5% supported by commercial and utility demand. Inspection and Mitigation: Revenue was essentially flat year-over-year, with adjusted gross margin at 24.4% compared to 25.2% in the prior year period. Quarter-end backlog within Consulting Engineering and Geospatial was $1.12 billion, up approximately 14% from the prior year quarter-end

• Second quarter guidance: Revenue expected to be approximately $570 to $582 million, and adjusted EBITDA approximately $90 to $96 million. • Full-year 2026 guidance: Revenue of $2.15 to $2.25 billion, and adjusted EBITDA of 330 to 355 million. • Expect growth for Consulting Engineering (CE) and Geospatial (GEO) to outpace Inspection and Mitigation (INM) for the full year. • INM outlook has back half weighting due to seasonality and timing of outage/sustaining capital work. • Anticipated net interest expense 95 to 105 million, cash taxes 25 to 35 million, and capital expenditures 55 to 65 million

• Macro volatility and uncertainty affecting outage work timing and scope. • Competitive pricing pressure in certain regions like the Gulf. • Potential impact of lost sites on INM segment performance. • Risks related to forward-looking statements with unknown factors that could cause actual results to differ from expectations

Q: Chris Moore from CJS Securities inquired about inspection and mitigation's pricing process and loss sites.

A: Ben Harad stated they are maintaining pricing discipline, observing price increases on contracts, and there have been no additional loss sites since last year.

Q: Chris Moore also asked about 4% organic growth and segment visibility.

A: Ben Harad said CE and GEO have higher growth visibility because of backlog, and INM has good visibility with internal forecasting.

Q: Tomo Sano from J.P. Morgan asked about IAM business and data centers.

A: Ben Harad discussed IAM business improvements and data centers' growth outlook.

Q: Catherine Thompson from Thompson Research Group asked about NV5 integration.

A: Kristen Schultes discussed integration progress, being ahead of schedule on synergy actions, and key milestones.

Q: Jeff Martin from Roth Capital Partners asked about I&M pipeline and GEO contract renewals.

A: Ben Harad said I&M has positive pipeline signs and GEO contract renewals are at the expected clip.

Q: Andy Whitman from Baird asked about I&M segment softness and uncertainty.

A: Ben Harad and Kristen Schultes talked about run and maintain business, outage work shifts, and diversification.

Q: Josh Chan from UBS asked about CNI segment and cross-selling.

A: Ben Harad and Kristen Schultes discussed CNI segment growth drivers and cross-selling initiatives.

Q: Stephanie Moore from Jefferies asked about data centers and cross-selling.

A: Ben Harad talked about data centers' ongoing opportunity and cross-selling efforts across segments