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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) has been awarded a $7 million contract for geotechnical investigation services at the Carbon Free Power Project in Idaho. As part of the Rizzo International team, Atlas will provide field and lab services to support the final geotechnical report for the nation's first small modular reactor (SMR) nuclear plant. The project aims to provide carbon-free energy and is crucial for meeting emission reduction goals. Atlas boasts over 20 years of experience at the Idaho National Laboratory.
Atlas Technical Consultants reported a 15% increase in gross revenue to $138.7 million for Q3 2021, driven by expanded services and acquisitions. The company’s backlog reached a record $757 million, reflecting strong infrastructure contract wins. Despite a net loss of $2.3 million, adjusted net income rose to $4.6 million. Anticipation of federal infrastructure spending is expected to bolster future growth, with 2022 adjusted EBITDA projected to grow in the low-to-mid teens. The company emphasizes ongoing management focus on enhancing margins and cash flow.
Atlas Technical Consultants (Nasdaq: ATCX) has secured a $15 million contract for design quality assurance on the I-35 Northeast Expansion (NEX) project in Texas. This contract is part of a larger $1.5 billion design-build initiative awarded to Alamo NEX Construction, a joint venture. The project aims to enhance safety and mobility on one of Texas's busiest highways, tackling congestion and meeting future traffic demands. Atlas will ensure compliance with design specifications through infrastructure reviews, leveraging its extensive experience with TxDOT projects.
Atlas Technical Consultants (ATCX) will release its third quarter 2021 financial results post-market on November 15, 2021. A conference call is scheduled for 5:00 p.m. Eastern Time to review the results and engage in a Q&A session. The event will be accessible via the company’s website or through dial-in options for those unable to join the webcast. Atlas provides various technical services across sectors, employing around 3,600 individuals nationwide, illustrating its robust presence in infrastructure and environmental solutions.
Atlas Technical Consultants (NASDAQ: ATCX) has selected Deltek Vantagepoint as its ERP solution to support its growth and streamline operations. Headquartered in Austin, Texas, Atlas is recognized in the top ranks of environmental and construction management. With over 3,600 employees and more than 100 locations nationwide, Atlas aims to consolidate its acquired companies into a single, scalable ERP platform, enhancing operational efficiency. Deltek Vantagepoint is expected to provide integration and improved resource management.
Atlas Technical Consultants (Nasdaq: ATCX) announced participation in the D.A. Davidson 20th Annual Diversified Industrials & Services Virtual Conference on September 22, 2021. The company, based in Austin, Texas, specializes in Environmental, Testing, Inspection & Certification, Engineering & Design, and Program Management services. With approximately 3,600 employees, Atlas serves various markets including transportation, water, and government, providing critical technical services nationwide.
Atlas Technical Consultants (Nasdaq: ATCX) announced an $18 million IDIQ contract with the Central Federal Lands Highway Division to provide onsite construction inspection and contract administration services. This award, the company's second consecutive IDIQ contract since 2014, follows the Great American Outdoors Act's significant funding for infrastructure projects. Atlas aims to enhance its services in the 14-state CFLHD region, reaffirming its commitment to quality assurance and reliability in engineering support.
Atlas Technical Consultants has secured an $18 million contract with the California Department of Transportation (Caltrans), boosting its total contract value to $48 million. The contract spans three years and focuses on quality assurance and verification services. Atlas will assist in the maintenance and construction of various transportation projects, utilizing alternative procurement methods. The company emphasizes its commitment to safety and high-quality standards.
Atlas Technical Consultants (Nasdaq: ATCX) has secured $9 million in contracts from the Texas Department of Transportation for materials testing services across several districts in Texas. The contracts span up to five years, with allocations of approximately $3 million for San Antonio, $2 million each for El Paso, Houston, and Pharr, Laredo, and Corpus Christi districts. The company's commitment to safety and quality is emphasized, showcasing its expertise in managing critical infrastructure projects.
Atlas Technical Consultants (ATCX) announced a new $8 million contract with the Texas Department of Transportation for Construction Engineering and Inspection services in the Odessa District. This five-year contract will facilitate key infrastructure projects, continuing Atlas' partnership with TxDOT since 2016. The company has managed nearly $277 million in projects in West Texas, with $175 million in the Odessa District alone. The contract aims to enhance the management and quality of construction projects, crucial for maintaining the state's transportation system.
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