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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 has secured a three-year statewide contract from the Georgia Department of Transportation (Georgia DOT) for on-call Subsurface Utility Engineering (SUE) services, with a potential two-year extension. This contract highlights Atlas's expertise in locating underground utilities, which can significantly reduce project costs and delays. Previously, they have successfully managed over 300 SUE projects in Georgia, employing advanced technologies like ground penetrating radar (GPR) to identify various utility lines efficiently.
Atlas Technical Consultants (Nasdaq: ATCX) has secured an $11 million, five-year contract with the United States Bureau of Reclamation. Partnering with OLH in a joint venture, Atlas will provide construction management and inspection services. CEO L. Joe Boyer emphasized the collaboration's potential to enhance opportunities for smaller companies in the industry. The USBR, vital for managing water resources, serves over 31 million people and plays a significant role in U.S. agriculture and hydroelectric power generation.
Atlas Technical Consultants (Nasdaq: ATCX) announced senior management participation in several investor conferences this June. The key events include the:
- KeyBanc 2021 Virtual Industrials & Basic Materials Conference on June 4,
- UBS 2021 Global Industrials & Transportation Virtual Conference on June 8,
- Stifel 2021 Virtual Cross Sector Insight Conference on June 10,
- Lytham Partners Virtual Summer 2021 Investor Conference on June 15.
With around 3,500 employees, Atlas provides vital services in Environmental, Testing, Inspection & Certification, Engineering & Design, and more.
Atlas Technical Consultants (Nasdaq: ATCX) has secured a $3 million contract with the Los Angeles County Department of Public Works. This three-year contract, which includes options for two additional one-year renewals, focuses on providing on-call special inspection and materials testing for healthcare facilities. Services will cover structural steel, welding, concrete, and more, ensuring compliance with California’s Office of Statewide Health Planning and Development. Key sites include Harbor-UCLA Medical Center and Los Angeles County-USC Medical Center.
Atlas Technical Consultants (ATCX) reported a strong start to 2021, achieving 12.8% gross revenue growth to $123.3 million, attributed to both organic growth and acquisitions. The company completed a significant balance sheet recapitalization, enhancing cash flow and reducing net leverage. Adjusted EBITDA increased by 12.7% to $14.5 million, while adjusted net income surged to $11.1 million. They raised the full-year revenue outlook to a range of $520 million to $540 million. The backlog stood at $689 million, reflecting strong market demand.
Atlas Technical Consultants (Nasdaq: ATCX) will release its first quarter 2021 financial results after the market closes on May 17, 2021. A conference call and webcast to discuss the results will follow at 5:00 p.m. Eastern time. The event is designed to cover recent developments and feature a Q&A session. Interested parties can access the live webcast through the Company’s investor website or join via phone. Atlas provides a range of services including Environmental, Testing, Inspection, Certification, Engineering, and Quality Management services across various sectors.
Atlas Technical Consultants (Nasdaq: ATCX) announced a $2 million contract for a five-year term with the Texas Department of Transportation (TxDOT) El Paso District. The contract focuses on engineering services related to sampling, testing, and inspection for highway construction projects. Atlas has maintained a partnership with TxDOT for over 20 years, resulting in numerous projects improving Texans' quality of life. This contract marks Atlas' fourth Materials Contract with TxDOT's El Paso District since 2015, showcasing their ongoing commitment to excellence and safety in infrastructure services.
Atlas Technical Consultants (Nasdaq: ATCX) has successfully acquired Atlantic Engineering Laboratories (AEL), enhancing its service offerings in the New York tri-state area. This acquisition strengthens Atlas's position in the infrastructure sector, capitalizing on rising infrastructure spending. AEL, with over 275 employees, specializes in materials testing and engineering services. The terms of the acquisition were not disclosed, but this move is expected to enable Atlas to cross-sell services and expand its market share.
Atlas Technical Consultants (Nasdaq: ATCX) announced a significant contract award from the Georgia Department of Transportation, valued at up to $10 million. This contract involves on-call consultant services for Maintenance Engineering and Inspection in the East Central Georgia region. The agreement spans three years, with a possible two-year extension. Atlas aims to enhance its Program, Construction and Quality Management services through this partnership, reaffirming its commitment to quality and safety in transportation services throughout Georgia.
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