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Atlas Technical Consultants Inc. (ATCX), headquartered in Austin, Texas, is a leading provider of professional testing, inspection, engineering, environmental, program management, and consulting services. With a nationwide footprint and more than 3,300 employees, Atlas is dedicated to offering comprehensive solutions to clients across various sectors including transportation, commercial, water, government, education, and industrial markets. The company's core services include testing, inspecting, certifying, planning, designing, and managing diverse projects, ensuring top-notch service quality and client satisfaction.
Recently, Atlas has made significant strides in innovation by deploying Data Recon, an application-based software designed to collate structural data on a small tablet. This innovative tool reduces field time by more than 50 percent and streamlines data collection processes. Additionally, Atlas collaborated with STRUCINSPECT to implement automated, data-collection methodologies along with artificial intelligence-assisted software. This collaboration has enabled the identification, quantification, and sizing of defects, and the generation of 3D models and orthomosaic maps, giving LA Metro critical insights for optimized maintenance decisions.
As a prime consultant, Atlas secured a five-year contract with an annual $1.2-million budget to provide structural inspection services. The work includes inspecting and rating light-rail and roadway bridges, tunnels, pedestrian crossings, and retaining walls. Each structure undergoes a visual inspection, a federal 'State of Good Repair' condition rating, and recommendations for corrective repairs tailored to specific defects. Detailed inspection reports and comprehensive databases for defects, assets, and photos are also part of the service.
Atlas is committed to complying with regulatory standards, performing inspections in accordance with the Federal Transit Administration, California Public Utilities Commission, Federal Highway Administration, National Bridge Inspection Standards, American Public Transportation Association (APTA), and Metro Engineering Standards.
Atlas' achievements extend to its five-year, $12-million master agreement with the Georgia Department of Transportation (GDOT) to conduct engineering design review services. With a longstanding partnership with GDOT, Atlas has been delivering engineering design review services for over 35 years. The company will schedule and conduct field plan reviews, ensuring adherence to AASHTO and GDOT guidance documents, and oversee review responses to findings, thereby playing a crucial role in maximizing the return on investment for public transportation tax dollars.
For more information about Atlas Technical Consultants and their innovative solutions, visit their website.
Atlas Technical Consultants (Nasdaq: ATCX) announced the release of its first quarter 2022 financial results scheduled for May 10, 2022, after market close. A webcast and conference call will occur on May 11, 2022, at 9:00 a.m. Eastern time to review these results and discuss recent developments. The company emphasizes its commitment to improving infrastructure through its various services, which include Environmental Solutions, Engineering & Design, and Testing, Inspection, and Certification.
Atlas Technical Consultants has acquired 1 Alliance Geomatics, enhancing its geospatial services in the transportation and water resources sectors. Based in the Pacific Northwest, 1 Alliance specializes in high-tech solutions, utilizing advanced technologies like 3D laser scanning and drones. This acquisition aims to broaden Atlas' service offerings and strengthen its market position. The deal is immediately accretive and reduces Atlas’ debt level. Company leaders from 1 Alliance will stay on to facilitate growth.
Atlas Technical Consultants (Nasdaq: ATCX) reported strong fourth-quarter results for 2021, with gross revenue up 15.5% to $145.2 million and adjusted EBITDA surging 33.9% to $20.7 million. The company achieved a record backlog of $808 million, a 29% increase year-over-year, driven by major infrastructure and environmental contracts. Despite a net loss of $7.4 million, adjusted net income improved to $2.1 million. For 2022, Atlas anticipates gross revenue between $580 million and $620 million, reflecting robust demand and strategic acquisitions.
Atlas Technical Consultants has acquired TranSmart Technologies, a leader in Intelligent Transportation Systems and Connected and Autonomous Vehicles. The deal enhances Atlas’ service offerings, integrating traditional engineering with innovative technology.
TranSmart, with over 100 employees, aims to improve transportation efficiency and safety through advanced engineering solutions. The acquisition, funded through cash and stock, is expected to drive revenue synergies and strengthen Atlas’ market position in states like Texas, California, and New York.
Atlas Technical Consultants (Nasdaq: ATCX) has been awarded a $115 million contract by the Metropolitan Transportation Authority (MTA) as part of a Joint Venture with WSP USA to provide project management for the Penn Station Access Project. The contract spans 86 months and includes construction management, design oversight, and operations management. This project aims to enhance regional connectivity and support underserved communities by providing new transit options from the Bronx, Westchester, and Connecticut to Manhattan.
Atlas Technical Consultants (ATCX) will release its 2021 fourth quarter and full-year financial results on March 15, 2022, after market close. A conference call and webcast will follow at 5:00 p.m. ET to discuss the results and engage in a Q&A session. The webcast will be available on the company's website, and phone access will be provided for those unable to attend online.
With over 3,600 employees, Atlas specializes in Infrastructure and Environmental Solutions, focusing on improving asset performance across various sectors.
Atlas Technical Consultants (Nasdaq: ATCX) has secured a $5 million contract from ConocoPhillips to deliver environmental services over a five-year term. The project focuses on assessing and remediating petroleum-oil impacted soil and groundwater in the western U.S. Atlas has partnered with ConocoPhillips since 2005, emphasizing a strong relationship built on trust and safety. The contract is part of Atlas's broader mission to provide sustainable solutions while maintaining a healthy work environment.
Atlas Technical Consultants, a prominent Infrastructure and Environmental solutions provider, has secured a $3 million contract with Antelope Valley Community College District in California. This five-year contract designates Atlas as the Laboratory of Record for construction materials testing and inspections. With over 30 years of experience, Atlas aims to enhance project performance while minimizing risks and costs. The company's certified engineers and inspectors will utilize state-of-the-art facilities for various testing services, supporting AVC's extensive campus projects.
Atlas Technical Consultants, a leading Infrastructure and Environmental solutions provider, will participate in the CJS Securities 22nd Annual "New Ideas for the New Year" Conference on January 12, 2022. Headquartered in Austin, Texas, Atlas offers services across four main areas: Environmental, Testing, Inspection and Certification, Engineering & Design, and Program, Construction, and Quality Management. With over 3,600 employees, the company focuses on improving the performance and extending the lifecycle of infrastructure assets impacted by climate, health, and economic factors.
Atlas Technical Consultants (Nasdaq: ATCX) announced that CEO Joe Boyer and CFO David Quinn will present at the Credit Suisse 9th Annual Industrials Conference on December 3, 2021, at 8:50 a.m. Eastern Time. The presentation will be accessible via a live audio webcast through the company’s website, with a replay available following the event.
Atlas, based in Austin, Texas, specializes in Infrastructure and Environmental solutions, employing over 3,600 people nationwide and providing services in multiple disciplines, including Environmental, Engineering, and Quality Management.
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