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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 (ATCX) reported 17% revenue growth for Q2 2021, reaching $131.6 million. This increase is attributed to solid execution across services and contributions from recent acquisitions. Net revenue rose 16% to $106.3 million, while adjusted EBITDA increased 17.9% to $18.2 million. The company achieved a record backlog of $751 million due to key contract wins. Despite a net loss of $4.2 million, adjusted net income reached $3.5 million. The company reiterates its full-year 2021 outlook for revenues and adjusted EBITDA amid anticipated demand for infrastructure services.
Atlas Technical Consultants (ATCX) has secured a $4 million contract with the Texas Department of Transportation for materials and testing services over five years. This contract includes sampling, testing, and inspection for asphalt and concrete construction across multiple counties, particularly focusing on the Austin District. COO Ken Burns, Jr. emphasized the company's commitment to safety and quality assurance in infrastructure projects, underlining their ongoing investment in technology and resources.
Atlas Technical Consultants (ATCX) will release its second quarter 2021 financial results on August 16, 2021, after market close. A conference call and webcast are scheduled for the same day at 5:00 p.m. Eastern Time. Investors can access the event via the company's website or by calling designated numbers. Atlas provides a wide range of essential technical services across various sectors, employing around 3,500 people nationwide.
Atlas Technical Consultants (Nasdaq: ATCX) has secured a $10 million contract from the Georgia Department of Transportation (Georgia DOT) for Maintenance Engineering and Inspection services in the Gainesville region. This contract will run for three years, with a potential two-year extension. Atlas will provide various services, including asphalt rehabilitation, litter pickup, and guardrail repair. The collaboration emphasizes safety and quality in infrastructure improvement, showcasing Atlas's commitment to enhancing community services in Northeast Georgia.
Atlas Technical Consultants (Nasdaq: ATCX) has been ranked #9 in Engineering News Record’s (ENR) Top 10 Environmental Management Firms and #15 in Top 100 Construction Management Firms. Additionally, it ranks #47 in Program Management and #77 among the Top 200 Environmental Firms based on 2020 revenues. This recognition underscores the company’s commitment to quality in project delivery. Atlas offers environmental, engineering, and construction management services, employing around 3,500 staff nationwide.
Atlas Technical Consultants (Nasdaq: ATCX) has successfully acquired O’Neill Service Group (OSG), a leading construction quality assurance and environmental services firm based in the Pacific Northwest. This acquisition, announced on July 7, 2021, enhances Atlas’ service offerings and market presence, facilitating cross-selling opportunities and increased market share. With this addition, Atlas aims to reduce its net leverage ratio. OSG, founded in 2008, employs over 90 people and is recognized for its strong client relationships and expertise in infrastructure projects.
Atlas Technical Consultants (Nasdaq: ATCX) has announced the appointment of Ken J. Burns, Jr. as Chief Operating Officer, effective immediately, following the retirement of previous COO Gary Cappa. Ken brings over 32 years of industry experience, previously serving as COO for Atkins' US operations, managing an $800 million infrastructure business. His leadership aims to enhance Atlas' operational excellence and support strategic growth objectives, as stated by CEO L. Joe Boyer.
Atlas Technical Consultants (Nasdaq: ATCX) has secured a $4.1 million contract for quality inspection services at the Lead, South Dakota Sanford Underground Research Facility’s Long-Baseline Neutrino Facility (LBNF). This project, part of the Kiewit-Alberici Joint Venture, spans 3.5 years and will support the Deep Underground Neutrino Experiment (DUNE). Atlas will deploy its mobile A2LA certified material testing lab, enhancing its commitment to safety and quality assurance in collaboration with the Department of Energy.
Atlas Technical Consultants, Inc. (Nasdaq: ATCX) has been ranked 15th on ENR's Top 100 Construction Management Firms and among the Top 50 in Program Management as of June 30, 2021. This recognition underscores the company's commitment to delivering quality services across diverse sectors including transportation and industrial markets. Atlas employs approximately 3,500 people nationwide, providing a range of essential technical services. The rankings are based on total revenue for construction-management services performed in 2020.
Atlas Technical Consultants (Nasdaq: ATCX) has been added to the Russell 3000 Index effective June 29, 2021, marking a significant milestone in its growth journey. This inclusion reflects the company's achievements in organic growth, strategic acquisitions, and capital optimization. Membership means ATCX is also included in the Russell 1000 and Russell 2000 Indexes, enhancing visibility among institutional investors, as these indexes benchmark over $10.6 trillion in assets.
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