TICAW — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-11-05

• We operate primarily in North America, serving a diversified base of clients across the following principal end markets: oil and gas, industrials, buildings, power and utilities, infrastructure, natural resources, and aerospace and defense. Within these markets, we support critical facilities and pr…

• Interest expense, net was $29.3 million for the three months ended September 30, 2026, an increase of $2.7 million, or 10%, compared to $26.5 million during the three months ended September 30, 2025.

• The Company recorded an income tax benefit of $1.1 million for the three months ended September 30, 2026 compared to an income tax benefit of $16.6 million during the three months ended September 30, 2025. The income tax benefit for the three months ended September 30, 2026 was primarily driven by a…

• The Company recorded an income tax benefit of $20.8 million for the nine months ended September 30, 2026 compared to an income tax benefit of $11.2 million during the nine months ended September 30, 2025. The income tax benefit for the nine months ended September 30, 2026 was primarily driven by a c…

• Segment gross profit was $105.8 million for the three months ended September 30, 2026, an increase of $48.0 million, or 83.0%, compared to $57.8 million during the three months ended September 30, 2025. The increase reflects a full quarter of gross profit resulting from the NV5 Acquisition.

Text removed vs the prior filing · source: 10-Q · 2026-08-06

• We operate primarily in North America and serve a diversified base of clients across our principal end markets: oil and gas, industrials, buildings, power and utilities, infrastructure, natural resources, and aerospace and defense. Within these markets, we support oil sands, refining, midstream, and…

• Interest expense, net was $28.4 million for the three months ended June 30, 2026, an increase of $12.9 million, or 84%, compared to $15.5 million during the three months ended June 30, 2025. The increase in interest expense was primarily driven by an increase in our indebtedness as a result of the N…

• The Company recorded an income tax benefit of $3.2 million for the three months ended June 30, 2026 compared to an income tax expense of $3.9 million during the three months ended June 30, 2025. The income tax benefit for the three months ended June 30, 2026 was primarily driven by the loss recogniz…

• The Company recorded an income tax benefit of $19.7 million for the six months ended June 30, 2026 compared to an income tax expense of $5.4 million during the six months ended June 30, 2025. The income tax benefit for the six months ended June 30, 2026 was primarily driven by the loss recognized in…

• Geospatial revenues were $81.0 million for the three months ended June 30, 2026 due to the NV5 Acquisition. During the period, the Geospatial segment experienced growth primarily attributable to work for power and utilities clients and federal agencies. Segment gross profit was $39.3 million for the…

Text added vs the prior filing · source: 10-Q · 2026-11-05

• Ms. Warren, the Company’s Principal Accounting Officer, departed from the Company on November 4, 2026. As of such date, the Company’s Chief Financial Officer, Kristin Schultes, assumed the responsibility of Principal Accounting Officer. Ms. Warren’s departure was not related to the Company’s financi…

• During the three months ended September 30, 2026, none of our officers (as defined in Rule 16a-1(f) of the Exchange Act) or directors adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(d) of Regulation S-K.

Text removed vs the prior filing · source: 10-Q · 2026-08-06

• Effective August 3, 2026, the Company's Board of Directors appointed Leslie Warren, Vice President and Chief Accounting Officer, as the Company's principal accounting officer. Kristin Schultes, Chief Financial Officer, who previously served as the Company’s principal accounting officer, will relinqu…

• Ms. Warren, 38, joined TIC Solutions in June 2025. Prior to joining the Company, Ms. Warren was a Director at PricewaterhouseCoopers LLP within the Capital Markets and Accounting Advisory Services practice, working with public and private companies primarily in the energy industry. Ms. Warren’s prio…

• There is no arrangement or understanding between Ms. Warren and any other person pursuant to which Ms. Warren was appointed as principal accounting officer. There are no family relationships between Ms. Warren and any of the Company's directors or executive officers, and Ms. Warren is not a party to…

• During the three months ended June 30, 2026, none of our officers (as defined in Rule 16a-1(f) of the Exchange Act) or directors adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(d) of Regulation S-K.