3/12/2026

speaker
Operator
Conference Operator

Hello and welcome to the TIC Solutions fourth quarter 2025 earnings conference call. Currently, all participants are in a listen-only mode. The question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference call is being recorded. I would now like to turn the call over to your host, Andrew Shen, Director of Investor Relations. Thank you. You may begin.

speaker
Andrew Shen
Director of Investor Relations

Thank you, Operator. Good morning, everyone, and thank you for joining the call. Joining me this morning is Tal Khaizi, our Chief Executive Officer, Ben Harad, our President and Chief Operating Officer, Kristen Schultes, our Chief Financial Officer, and Robbie Franklin, Executive Chairman. As disclosed in our earnings release, we would like to acknowledge the planned leadership transition we announced this morning. Ben Harad has been appointed Chief Executive Officer, effective March 31, 2026, succeeding Tal Paise. Tal will continue to serve on our board of directors and act as an advisor to Ben through and following the transition to ensure continuity. We will provide additional context during our prepared remarks. 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 detailed material risks that may cause our future results to differ from our expectations. Our statements are as of today, March 12, 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 fourth 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 purpose of this call, we refer to our segments as Inspection and Mitigation, or INM, Consulting Engineering, or CE, and Geospatial, or GEO. Any reference to combined results reflects a non-GAAP combined view of Legacy Accurin and Legacy NV5 for comparability. More details on the calculations of the combined results are included in the presentation. Let me outline the flow of today's prepared remarks. Tal will provide opening comments. Ben will review our operating priorities and segment performance. Kristen will cover our financial results, integration progress, and our 2026 outlook. Robbie will conclude with strategic priorities and capital allocation. It's now my pleasure to turn the call over to Tal.

speaker
Tal Khaizi
Chief Executive Officer

Thank you, Andrew. Good morning, everyone. This morning we announced a planned leadership transition that has been contemplated as part of our broader succession planning process. After nearly four decades with the business, including serving as Chief Executive Officer, I will be transitioning from the CEO role as I prepare for retirement. I will continue to serve on the board and act as an advisor to Ben and his team to ensure a seamless transition. Since joining Accurand in 1987, it has been a privilege to help build this organization. We entered the public markets and completed the combination with NV5 to create TIC Solutions, a $2 billion revenue company. Ben has been deeply involved in shaping the combined operating model since the NV5 combination closed in August. He understands the platform, the culture, and the priorities ahead. I have full confidence in his leadership as the company moves into this next chapter. With that, I will turn the call over to Ben.

Disclaimer

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Investor presentation