TIC Solutions, Inc. (TIC) shares dropped 16.98 percent to $7.01, declining $1.43 on Thursday, after the company reported a larger net loss for the fourth quarter despite strong revenue growth, as well as CEO Tal Pizzey's decision to retire from the position, effective March 31, 2026.
The stock is currently trading at $7.01 compared with its previous close of $8.45. Shares opened at $7.77 and traded between $6.99 and $8.13 during the session on the New York Stock Exchange. Trading volume reached about 3.10 million shares, above the average volume of about 2.19 million shares.
TIC Solutions reported a fourth-quarter net loss of $53.71 million, or $0.25 per share, compared with a loss of $15.50 million, or $0.13 per share, a year earlier. Revenue increased to $508.27 million from $262.04 million. For the full year 2025, the company reported a net loss of $93.28 million, or $0.60 per share.
Concurrently, the company has selected Ben Heraud, currently President and Chief Operating Officer, to succeed Pizzey.
The stock has traded in a 52-week range of $6.99 to $14.94.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.