ATCX Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Atlas Technical Consultants, Inc. Is Fair to Shareholders
- NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Atlas Technical Consultants, Inc. (NASDAQ: ATCX) to GI Partners for $12.25 per share in cash is fair to Atlas shareholders. Halper Sadeh encourages Atlas shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Atlas and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Atlas shareholders; (2) determine whether GI Partners is underpaying for Atlas; and (3) disclose all material information necessary for Atlas shareholders to adequately assess and value the merger consideration. On behalf of Atlas shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. Halper Sadeh encourages Atlas shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
- 01/31/2023
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Atlas Technical Consultants, Inc. (ATCX) Upgraded to Buy: What Does It Mean for the Stock?
- Atlas Technical Consultants, Inc. (ATCX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
- 11/30/2022
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Down 29% in 4 Weeks, Here's Why Atlas Technical Consultants, Inc. (ATCX) Looks Ripe for a Turnaround
- The heavy selling pressure might have exhausted for Atlas Technical Consultants, Inc. (ATCX) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
- 11/28/2022
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Atlas Technical Consultants, Inc. (ATCX) Q3 2022 Earnings Call Transcript
- Atlas Technical Consultants, Inc. (NASDAQ:ATCX ) Q3 2022 Earnings Conference Call November 9, 2022 9:00 AM ET Company Participants Jonathan Parnell - Chief Strategy Officer Joe Boyer - Chief Executive Officer David Quinn - Chief Financial Officer Conference Call Participants Lee Jagoda - CJS Securities Brent Thielman - D.A. Davidson Kathryn Thompson - Thompson Research Group Rob Brown - Lake Street Capital Markets Operator Hello, and welcome to the Atlas Technical Consultants Third Quarter 2022 Conference Call.
- 11/12/2022
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Atlas Technical Consultants, Inc. (ATCX) Tops Q3 Earnings and Revenue Estimates
- Atlas Technical Consultants, Inc. (ATCX) delivered earnings and revenue surprises of 187.50% and 0.63%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/08/2022
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5 Engineering R&D Services Stocks to Watch Amid Industry Challenges
- Biden administration's focus on renewable energy, defense, healthcare and communication is set to open up opportunities for Zacks Engineering - R&D Services industry players like PWR, KBR, CHX, STRL and ATCX amid supply headwinds.
- 10/25/2022
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Atlas Technical Consultants: An Intermediary To Benefit From Infrastructure Spending
- Atlas Technical Consultants is a potential beneficiary of several public spending and private ESG initiatives. The company has a record-high backlog and an impressive growth history. Atlas is slightly lower valued than the peer group. The high debt load places a temporary cap on share price appreciation.
- 10/10/2022
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Atlas Technical Consultants, Inc. (ATCX) CEO Joe Boyer on Q2 2022 Results - Earnings Call Transcript
- Atlas Technical Consultants, Inc. (NASDAQ:ATCX ) Q2 2022 Earnings Conference Call August 10, 2022 9:00 AM ET Company Participants Jonathan Parnell - Chief Strategy Officer Joe Boyer - Chief Executive Officer David Quinn - Chief Financial Officer Conference Call Participants Pete Lucas - CJS Securities Rob Brown - Lake Street Capital Markets Brent Thielman - D.A. Davidson Don Crist - Johnson Rice Noelle Dilts - Stifel Operator Hello and welcome to the Atlas Technical Consultants Second Quarter 2022 Conference Call.
- 08/11/2022
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Atlas Technical Consultants, Inc. (ATCX) Tops Q2 Earnings and Revenue Estimates
- Atlas Technical Consultants, Inc. (ATCX) delivered earnings and revenue surprises of 71.43% and 3.10%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/09/2022
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Atlas Technical Consultants Announces Date for Second Quarter 2022 Conference Call
- AUSTIN, Texas, July 26, 2022 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental solutions provider, announced today that the Company will release its second quarter 2022 financial results after the market closes on Tuesday, August 9, 2022. A webcast and conference call will be held on Wednesday, August 10, 2022, at 9:00 a.m. Eastern time (8:00 a.m. Central time) to review the Company's second quarter results, discuss recent events and conduct a question-and-answer session.
- 07/26/2022
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Is Atlas Technical Consultants (ATCX) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/13/2022
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Atlas Technical Consultants, Inc. (ATCX) CEO Joe Boyer on Q1 2022 Results - Earnings Call Transcript
- Atlas Technical Consultants, Inc. (NASDAQ:ATCX ) Q1 2022 Earnings Conference Call May 11, 2022 9:00 AM ET Company Participants Jonathan Parnell - Chief Strategy Officer Joe Boyer - CEO David Quinn - CFO Conference Call Participants Rob Brown - Lake Street Capital Markets Chris Moore - CJS Securities Jean Ramirez - D.A. Davidson Noelle Dilts - Stifel Kathryn Thompson - Thompson Research Group Operator Hello and welcome to the Atlas Technical Consultants First Quarter 2022 Conference Call.
- 05/11/2022
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Atlas Technical Consultants, Inc. (ATCX) Misses Q1 Earnings and Revenue Estimates
- Atlas Technical Consultants, Inc. (ATCX) delivered earnings and revenue surprises of -33.33% and 1.90%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 05/10/2022
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Is Atlas Technical Consultants (ATCX) Outperforming Other Construction Stocks This Year?
- Here is how Atlas Technical Consultants, Inc. (ATCX) and Boise Cascade (BCC) have performed compared to their sector so far this year.
- 05/06/2022
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New Strong Buy Stocks for May 5th
- PERI, CVX, ATCX, ARCB, and EGLE have been added to the Zacks Rank #1 (Strong Buy) List on May 5, 2022.
- 05/05/2022
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Atlas Technical Consultants Announces Date for First Quarter 2022 Conference Call
- AUSTIN, Texas, April 26, 2022 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental solutions provider, announced today that the Company will release its first quarter 2022 financial results after the market closes on Tuesday, May 10, 2022. A webcast and conference call will be held on Wednesday, May 11, 2022, at 9:00 a.m. Eastern time (8:00 a.m. Central time) to review the Company's first quarter results, discuss recent events and conduct a question-and-answer session.
- 04/26/2022
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U.S. Infrastructure Spending Likely to Drive Markets: 5 Picks
- We have narrowed our search to five stocks that are likely to gain from the Biden administration's infrastructure development legislation. These are: CMC, STLD, ATCX, HEES and MSEX.
- 04/21/2022
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Has Atlas Technical Consultants (ATCX) Outpaced Other Construction Stocks This Year?
- Here is how Atlas Technical Consultants, Inc. (ATCX) and Pacasmayo (CPAC) have performed compared to their sector so far this year.
- 04/15/2022
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Best Momentum Stocks to Buy for April 1st
- OXY, ATCX, and PLAY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 1, 2022.
- 04/01/2022
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New Strong Buy Stocks for April 1st
- OXY, ATCX, TTE, ARCB, and WLK have been added to the Zacks Rank #1 (Strong Buy) List on April 1, 2022.
- 04/01/2022
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Best Momentum Stocks to Buy for March 23rd
- ATCX, ABM, and GLNG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 23, 2022.
- 03/23/2022
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New Strong Buy Stocks for March 23rd
- ACTX, ARCB, IMXI, WLK, and BKE have been added to the Zacks Rank #1 (Strong Buy) List on March 23, 2022.
- 03/23/2022
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Earnings Estimates Rising for Atlas Technical Consultants, Inc. (ATCX): Will It Gain?
- Atlas Technical Consultants, Inc. (ATCX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 03/18/2022
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Atlas Technical Consultants, Inc. (ATCX) CEO Joe Boyer on Q4 2021 Results - Earnings Call Transcript
- Atlas Technical Consultants, Inc. (ATCX) CEO Joe Boyer on Q4 2021 Results - Earnings Call Transcript
- 03/15/2022
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Atlas Technical Consultants, Inc. (ATCX) Q4 Earnings Miss Estimates
- Atlas Technical Consultants, Inc. (ATCX) delivered earnings and revenue surprises of -57.14% and 3.23%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 03/15/2022
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Atlas Technical Consultants Announces Date for Fourth Quarter and Full Year 2021 Results
- AUSTIN, Texas, March 01, 2022 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental solutions provider, announced today that the Company will release its fourth quarter and full year 2021 financial results after the market closes on Tuesday, March 15, 2022. A webcast and conference call will be held that same day at 5:00 p.m. Eastern time (4:00 p.m. Central time) to review the Company's fourth quarter and full year results, discuss recent events and conduct a question-and-answer session.
- 03/01/2022
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5 Industrial Companies Insiders Are Fortifying
- According to the Insider Cluster Buys page, a Premium feature of GuruFocus, industrial companies with high insider cluster buys over the past three months include ARC Document Solutions Inc. ( ARC , Financial), Atlas Technical Consultants Inc. ( ATCX , Financial), Infrastructure and Energy Alternatives Inc. ( IEA , Financial), Griffon Corp. ( GFF , Financial) and Quest Resource Holding Corp. ( QRHC , Financial).
- 01/27/2022
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Atlas Technical: Insiders Maintain Market Is Wrong
- Strong insider buying has come to the fore recently in Atlas.
- 12/15/2021
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Atlas Technical Consultants' (ATCX) CEO Joe Boyer on Q3 2021 Results - Earnings Call Transcript
- Atlas Technical Consultants' (ATCX) CEO Joe Boyer on Q3 2021 Results - Earnings Call Transcript
- 11/15/2021
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Atlas Technical Consultants Bags $15M Design Quality Assurance Services Contract
- Atlas Technical Consultants Inc (NASDAQ: ATCX) has secured a $15 million contract to provide design quality assurance for the I-35 Northeast Expansion (NEX) project. The $1.5 billion Design-Build contract was awarded to the Alamo NEX Construction (a joint venture of Ferrovial & Webber) as the best value proposer, with Atlas as a major participant.
- 11/15/2021
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Atlas Technical Consultants, Inc. (ATCX) to Report Q3 Results: Wall Street Expects Earnings Growth
- Atlas Technical Consultants, Inc. (ATCX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 11/01/2021
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Atlas Technical Consultants to Attend the D.A. Davidson 20th Annual Diversified Industrials & Services Virtual Conference
- AUSTIN, Texas, Sept. 20, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental solutions provider, announced today that senior management of the Company will participate in the D.A. Davidson 20th Annual Diversified Industrials & Services Virtual Conference on Wednesday, September 22, 2021.
- 09/20/2021
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Atlas' CEO L. Joe Boyer Joins Nearly 2,000 CEOs in Unprecedented Commitment to Advance Diversity and Inclusion in the Workplace
- AUSTIN, Texas, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading infrastructure and environmental solutions provider, announced today that CEO L. Joe Boyer has joined the growing coalition pledging to advance diversity and inclusion in the workplace. Boyer is now one of nearly 2,000 CEOs that have come together for CEO Action for Diversity & Inclusion™, in the commitment to advance diversity and inclusion in the workplace.
- 09/16/2021
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Atlas Technical Consultants Bags $18M Quality Assurance Contract With Caltrans
- Atlas Technical Consultants Inc (NASDAQ: ATCX) has secured an $18 million Quality Assurance/Verification Services contract from the California Department of Transportation (Caltrans) for three years. Through its acquired company, Alta Vista Solutions, Atlas has reached $48 Million in current contract value as the prime consultant.
- 08/31/2021
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Atlas Technical Consultants Awarded $18 Million Quality Assurance Contract with Caltrans
- Achieves $48 Million in Current Contracts with Caltrans Achieves $48 Million in Current Contracts with Caltrans
- 08/31/2021
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Atlas Technical Consultants Secures $9M Multiple Texas DOT Contracts
- Atlas Technical Consultants Inc (NASDAQ: ATCX) has secured $9 million in multiple contracts to provide materials testing services for various districts in the state of Texas. The contracts are with the Texas Department of Transportation and will run for up to five years.
- 08/25/2021
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Atlas Technical Consultants Awarded $9 Million on Multiple Texas DOT Contracts
- AUSTIN, Texas, Aug. 25, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental solutions provider, announced today a combined award of $9 million in multiple contracts to provide materials testing services for various districts in the state of Texas. The contracts are with the Texas Department of Transportation and will run for up to five years.
- 08/25/2021
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Atlas Awarded $8 Million Construction Engineering and Inspection Contract from the Texas Department of Transportation
- AUSTIN, Texas, Aug. 18, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading infrastructure and environmental services provider, announced the award of an $8 million contract from the Texas Department of Transportation (TxDOT) for Construction Engineering and Inspection (CEI) services. This five-year contract will support the TxDOT's Odessa District, which includes Andrews, Crane, Ector, Loving, Martin, Midland, Pecos, Reeves, Terrell, Upton, Ward and Winkler.
- 08/18/2021
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Atlas Technical Consultants, Inc. (ATCX) CEO Joe Boyer on Q2 2021 Results - Earnings Call Transcript
- Atlas Technical Consultants, Inc. (ATCX) CEO Joe Boyer on Q2 2021 Results - Earnings Call Transcript
- 08/16/2021
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Atlas Technical Consultants, Inc. (ATCX) Misses Q2 Earnings and Revenue Estimates
- Atlas Technical Consultants, Inc. (ATCX) delivered earnings and revenue surprises of -35.29% and -0.26%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/16/2021
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Atlas Technical: Q2 Earnings Insights
- Shares of Atlas Technical (NASDAQ:ATCX) decreased 7.2% after the company reported Q2 results. Quarterly Results Earnings per share were up 257.14% over the past year to $0.11, which beat the estimate of $0.09.
- 08/16/2021
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Atlas Technical Consultants Reports Second Quarter 2021 Results
- - Delivered 17% Revenue Growth -
- 08/16/2021
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Atlas Technical Consultants Awarded $4 Million Materials and Testing Contract with Texas DOT Contract
- AUSTIN, Texas, Aug. 10, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental solutions provider, announced a materials and testing services contract for the Texas Department of Transportation's Austin District. The contract is valued for $4 million over a period of up to five years.
- 08/10/2021
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Atlas Technical Consultants, Inc. (ATCX) Earnings Expected to Grow: Should You Buy?
- Atlas Technical Consultants, Inc. (ATCX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 08/02/2021
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Atlas Technical Consultants Announces Date for Second Quarter 2021 Results
- AUSTIN, Texas, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental solutions provider, announced today that the Company will release its second quarter 2021 financial results after the market closes on Monday, August 16, 2021. A webcast and conference call will be held that same day at 5:00 p.m. Eastern time (4:00 p.m. Central time) to review the Company's second quarter results, discuss recent events and conduct a question-and-answer session.
- 08/02/2021
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Atlas Technical Consultants Stock Gains On Bagging $10M Maintenance Contract From Georgia DOT
- Atlas Technical Consultants Inc (NASDAQ:ATCX) has secured a $10 million contract to provide on-call consultant services for Maintenance Engineering and Inspection (MEI) services for the Georgia Department of Transportation (Georgia DOT) District One (Gainesville) region. The contract will remain in effect for three years, with the option to extend for an additional two years.
- 07/28/2021
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Georgia DOT Awards Atlas Technical Consultants $10 Million Maintenance Engineering and Inspection Contract
- AUSTIN, Texas, July 28, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental solutions provider, announced today the award of a $10 million contract to provide on-call consultant services for Maintenance Engineering and Inspection (MEI) services for the Georgia Department of Transportation (Georgia DOT) District One (Gainesville) region. The newly awarded contract will remain in effect for three years, with the option to extend for an additional two years.
- 07/28/2021
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Atlas Technical Consultants Ranked Among the Top Environmental Management, Construction & Program Management Firms
- Remains in Top 10 Environmental Management Firms Remains in Top 10 Environmental Management Firms
- 07/23/2021
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Atlas Technical Consultants Acquires O'Neill Service Group
- Enhances Quality Assurance, Quality Control and Environmental Service Offerings in the Pacific Northwest Enhances Quality Assurance, Quality Control and Environmental Service Offerings in the Pacific Northwest
- 07/07/2021
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Atlas Awarded Quality Inspection Contract for Department of Energy's LBNF Project
- $4.1 M Contract Awarded as part of Kiewit-Alberici Joint Venture $4.1 M Contract Awarded as part of Kiewit-Alberici Joint Venture
- 07/01/2021
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Atlas Technical Consultants Ranked Among the Top Construction & Program Management Firms
- AUSTIN, Texas, June 30, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental solutions provider, has been ranked number 15 on ENR's Top 100 Construction Management Firms. In addition, Atlas is listed among the Top 50 firms in Program Management.
- 06/30/2021
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Atlas Technical Consultants Awarded $24 Million Contract with the Georgia DOT for Statewide Subsurface Utility Engineering Services
- AUSTIN, Texas, June 17, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Atlas) through its subsidiary Long Engineering (LONG), a leading provider of Subsurface Utility Engineering (“SUE”), was selected for a Statewide contract to provide on-call SUE services by the Georgia Department of Transportation (Georgia DOT). The newly awarded contract will remain in effect for three years, with the opportunity to extend it for an additional two years.
- 06/17/2021
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5 Stocks Worth a Look Following Upgrade by Brokers
- Investors should keep a close eye on broker-friendly stocks like Atlas Air (AAWW), Mesa Air (MESA), Atlas Technical (ATCX), The Children's Place (PLCE) and DICK'S Sporting (DKS) for remarkable returns.
- 06/07/2021
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Atlas Technical Consultants Announces Corporate Governance Enhancement Plan and ESG Initiatives
- AUSTIN, Texas, June 02, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading provider of professional testing, inspection, environmental, engineering, program management, and consulting services, announced today an initiative to enhance its corporate governance practices over the coming years. The corporate governance initiative contemplates a proposal and board recommendation to shareholders to approve the removal of the existing supermajority voting requirement in the Company's charter and bylaws at the Company's 2022 annual meeting of shareholders.
- 06/02/2021
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Atlas Technical Consultants, Inc. (ATCX) CEO Joe Boyer on Q1 2021 Results - Earnings Call Transcript
- Atlas Technical Consultants, Inc. (ATCX) CEO Joe Boyer on Q1 2021 Results - Earnings Call Transcript
- 05/17/2021
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Analysts Estimate Atlas Technical Consultants, Inc. (ATCX) to Report a Decline in Earnings: What to Look Out for
- Atlas Technical Consultants, Inc. (ATCX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 05/03/2021
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Atlas Technical Consultants Awarded Engineering Services Contract with Texas Department of Transportation
- AUSTIN, Texas, April 21, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental services provider, announced today that it was awarded a $2 million contract to provide engineering services for the Texas Department of Transportation (TxDOT) El Paso District. The newly awarded contract will remain in effect for a term of five years.
- 04/21/2021
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Atlas Technical Consultants Completes Acquisition of Atlantic Engineering Laboratories, Inc.
- Expands Business Platform and Service Offerings in the New York Tri-State Region Expands Business Platform and Service Offerings in the New York Tri-State Region
- 04/15/2021
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Atlas Awarded Contract to Provide Construction, Management and Inspection Services to Forsyth County, GA
- AUSTIN, Texas, March 30, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading provider of Environmental (ENV), Testing, Inspection & Certification (TIC), Engineering & Design (E&D), and Program, Construction and Quality Management (PCQM) services for government and commercial clients, announced today it was awarded a $2.4 million contract by Forsyth County, Georgia to perform Construction Management and Inspection services for the widening of State Route (“SR”) 369 and the construction of an interchange at SR 400.
- 03/30/2021
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Atlas Technical Consultants Appoints New Chief Diversity Officer
- Energizes Commitment to New Diversity, Equity & Inclusion Program Energizes Commitment to New Diversity, Equity & Inclusion Program
- 03/16/2021
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Atlas Technical Consultants' (ATCX) CEO Joe Boyer on Q4 2020 Results - Earnings Call Transcript
- Atlas Technical Consultants' (ATCX) CEO Joe Boyer on Q4 2020 Results - Earnings Call Transcript
- 03/08/2021
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Atlas Technical Consultants Reports Fourth Quarter and Full Year 2020 Results
- - Numerous Major Accomplishments in Inaugural Year as a Public Company -
- 03/08/2021
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Atlas Technical Consultants Announces Significant Recapitalization and Simplification of Its Capital Structure
- - Expands Borrowing Capacity and Significantly Increases Liquidity - - Lowers Cost of Capital and Extends Debt Maturities –- Redeems in Full the Company's Series A Senior Preferred Units at Par -
- 02/26/2021
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Atlas Technical Consultants Announces Date for Fourth Quarter and Full Year 2020 Results
- AUSTIN, Texas, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading provider of professional testing, inspection, engineering, environmental and consulting services, announced today that the Company will release its fourth quarter and full year 2020 financial results after the market closes on Monday, March 8, 2021. A webcast and conference call will be held that same day at 5:00 p.m. Eastern time (4:00 p.m. Central time) to review the Company's fourth quarter and full year results, discuss recent events and conduct a question-and-answer session.
- 02/17/2021
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Atlas Technical Consultants Strengthens Management Team
- Appoints Priya Jain as Chief Growth Officer and Jonathan Parnell as Chief Strategy Officer Appoints Priya Jain as Chief Growth Officer and Jonathan Parnell as Chief Strategy Officer
- 02/02/2021
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One Renewable Energy Stock to Buy and One to Avoid
- Of these two green energy options, it's the lesser-known name that can electrify investors' returns.
- 01/29/2021
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Alta Vista, an Atlas Company, Awarded a $9 Million Contract to Support California Department of Transportation
- AUSTIN, Texas, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading provider of professional testing, inspection, environmental, engineering, program management and consulting services, announced today that Alta Vista, an Atlas company, (“Atlas/Alta Vista”) has been selected to perform professional and technical services to support the California Department of Transportation (“Caltrans”), Division of Engineering Services (“DES”), Materials Engineering and Testing Services (“METS”). The 3-year contract is valued at $9 million.
- 01/19/2021
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Atlas Awarded $5 Million Contract for OVT&I Services on Texas DOT Design-Build Project for Oak Hill Parkway
- AUSTIN, Texas, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading provider of professional testing, inspection, environmental, engineering, program management and consulting services, announced today that it was awarded a $5 million contract from the Texas Department of Transportation (TxDOT) as the owner's representative for reconstruction, widening, and adding flyovers at US 290 and State Highway 71 on the Southside of Austin. The initial phase of the Oak Hill Design-Build contract will last for a duration of five years.
- 01/12/2021
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Boxwood Partners Adds New Analyst to Growing Team | | IT Business Net
- New Hire to Play an Integral Role in Ongoing Growth RICHMOND, VA / ACCESSWIRE / October 21, 2020 / Boxwood Partners a middle-market investment banking firm based in Richmond, Virginia, is pleased to a
- 10/21/2020
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Travel & Expense Management Software Market Research Reports 2020 Global COVID-19 Impact on Industry Size, Share, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis by Research Reports World
- Oct 07, 2020 (The Expresswire) --
Global "Travel and Expense Management Software Market" 2020 exploration gives a blueprint of the business with requests,...
- 10/07/2020
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Boxwood Partners Advises Monster Tree Service(R) On Its Sale to Authority Brands(R) | | IT Business Net
- Boxwood Continues to Establish Itself as one of the Premier M&A Advisors for Leading Brands Within Franchising, Completing its 5th Transaction in the Last 18 Months RICHMOND, VA / ACCESSWIRE / Sep
- 09/17/2020
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What Insiders Have To Say About This All-Time High - August 2020 Insider Update
- Insider activity is very informative to follow up for two reasons: it can help predict future market movements and it can be interesting to find undervalued stocks.
- 09/05/2020
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Atlas Technical Consultants, Inc. Announces Withdrawal of Proposed Offering of Class A Common Stock
- AUSTIN, Texas, Aug. 14, 2020 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (NASDAQ: ATCX) (“Atlas” or the “Company” ), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today that it has withdrawn the public offering of its shares of Class A common stock due to stock market conditions. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.About Atlas Technical ConsultantsHeadquartered in Austin, Texas, Atlas is a leading provider of professional testing, inspection engineering and consulting services under the name Atlas Technical Consultants, offering solutions to public and private sector clients in the transportation, commercial, water, government, education and industrial markets. With more than 140 offices in 40 states and 3,200+ employees, Atlas provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design and manage a wide variety of projects across diverse end markets. For more information, go to https://www.oneatlas.com.Forward-Looking StatementsThis press release contains certain forward-looking statements, including but not limited to, statements relating to the Company’s previously contemplated public offering. Forward-looking statements are based on the Company’s current expectations and assumptions. The Private Securities Litigation Reform Act of 1995 provides a safe-harbor for forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “potential,” “predict,” “project,” “should,” “would” and similar expressions and the negatives of those terms, including without limitation, risks related to customary closing conditions or other risks discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, as updated by its Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 and in the preliminary prospectus related to the proposed offering filed with the SEC. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.Contacts:Investor Relations 512-851-1507 ir@oneatlas.com
- 08/14/2020
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Atlas Technical Consultants, Inc. Announces Launch of Offering of Class A Common Stock
- AUSTIN, Texas, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (NASDAQ: ACTX) (“Atlas” or the “Company”), announced today that it has launched a public offering of 6,250,000 shares of its Class A common stock, par value $0.0001 per share (the “Class A common stock”), pursuant to a registration statement on Form S-1 (the “Registration Statement”) filed with the U.S. Securities and Exchange Commission (the “SEC”). Of the 6,250,000 shares of Class A common stock to be sold in the offering, the Company is offering 5,000,000 shares and the selling stockholder named in the Registration Statement (the “Selling Stockholder”) is offering 1,250,000 shares. In addition, the Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 937,500 shares of Class A common stock at the public offering price, less underwriting discounts and commissions. The Class A common stock is listed on the Nasdaq Stock Market and the last reported sales price of the Class A common stock on August 10, 2020 was $9.20 per share. Stifel, Nicolaus & Company, Incorporated, Raymond James & Associates, Inc. and Macquarie Capital (USA) Inc. will act as joint book running managers for the proposed offering, and Lake Street Capital Markets, LLC will act as a co-manager.The Company intends to use the net proceeds from the public offering of Class A common stock to repay revolver borrowings under the Company’s credit agreement and the remaining net proceeds for general corporate purposes.About Atlas Technical ConsultantsHeadquartered in Austin, Texas, Atlas is a leading provider of professional testing, inspection engineering and consulting services under the name Atlas Technical Consultants, offering solutions to public and private sector clients in the transportation, commercial, water, government, education and industrial markets. With more than 140 offices in 40 states and 3,200+ employees, Atlas provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design and manage a wide variety of projects across diverse end markets. For more information, go to https://www.oneatlas.com.Important InformationThe Registration Statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. The Registration Statement may be obtained free of charge at the SEC’s website at www.sec.gov under “Atlas Technical Consultants, Inc.” This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.Forward-Looking StatementsThis press release contains certain forward-looking statements, including but not limited to, statements relating to the Company’s expectations regarding the completion, timing and size of the proposed public offering, and its expectations with respect to the Selling Stockholder granting the underwriters a 30-day option to purchase additional shares. Forward-looking statements are based on the Company’s current expectations and assumptions. The Private Securities Litigation Reform Act of 1995 provides a safe-harbor for forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “potential,” “predict,” “project,” “should,” “would” and similar expressions and the negatives of those terms, including without limitation, risks related to customary closing conditions or other risks discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, as updated by its Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 and in the preliminary prospectus related to the proposed offering filed with the Securities Exchange Commission. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.Contacts:Investor Relations 512-851-1507 ir@oneatlas.com
- 08/11/2020
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Atlas Technical Consultants Reports Second Quarter 2020 Results
- \- Resilient business model, proactive execution and safety-first emphasis delivered strong results - \- Reiterate full year 2020 outlook -AUSTIN, Texas, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today results for the second quarter ended June 30, 2020.Second Quarter 2020 Highlights: * Gross revenue of $112.7 million, with significant demand recovery since April driving sequential monthly revenue improvement as quarter progressed * Net revenue1 of $91.6 million, representing 81.3% of gross revenues, compared to net revenues representing 79.2% of gross revenues in the prior year period * Net income of $2.2 million * Adjusted EBITDA2 of $15.4 million * Backlog up year-over-year to a record $621 million * Liquidity at the end of the quarter was approximately $39.0 million, including cash of $16.9 million plus availability under the revolving credit facility * Signed agreements to acquire Alta Vista and WesTest, which will strengthen Atlas’ transportation and other infrastructure-related testing, inspection and engineering services in our West, Central and Northeast regions“My sincere appreciation goes to our entire team as we work together during this very challenging time to operate safely, provide exceptional service and support to our clients, and take care of each other along the way,” stated L. Joe Boyer, Atlas’ Chief Executive Officer. “Delivering a solid quarter during extraordinary circumstances ultimately demonstrates the resilience of our business and underlying demand for our mission critical services. Our government-based volume grew steadily through the quarter as states continued to invest in critical infrastructure. Our planned acquisitions of Alta Vista and WesTest will further enhance our self-performance capabilities in this key growth sector, and our acquisition pipeline remains robust to further accelerate our success. In the private sector, we saw sequential monthly improvement in the quarter, and we are already positioning for a future that will see demand for safer environments in places of business, commercial structures and other spaces.”Mr. Boyer continued, “Overall, we believe our business is in great shape with strong project wins driving record backlog combined with a flexible cost structure to efficiently serve customers. We remain committed to generating additional cash flow and strengthening our balance sheet while executing our deleveraging acquisition strategy to generate additional value. We are confident that our strategy and capital resources, coupled with disciplined execution from our team, will continue to position us as a standout emerging growth company within our space in 2020 and into 2021.”Second Quarter 2020 Results * Gross revenue of $112.7 million, compared to $123.7 million in the prior year quarter. The lower revenue is attributable primarily to COVID-19 related delays in private sector work, partly offset by the contribution of Long Engineering acquired in February 2020. * Net revenue of $91.6 million, compared to $97.9 million in the prior year quarter. The lower revenue is attributable to the decline in gross revenue, partly offset by an increasing level of self-performance work, minimizing reliance on third-party providers and pass-through participation. * Net income was $2.2 million, compared to net income of $4.1 million in the prior year quarter. * Adjusted EBITDA of $15.4 million, compared to $17.3 million in the prior year quarter, primarily due to lower net revenues partly offset by operating efficiency and discrete cost mitigation measures enacted at the onset of the pandemic. * Backlog at quarter end totaled $621 million, up from $611 million at the end of the prior year quarter. Strong sales and backlog growth were driven by a range of project additions across the nationwide platform, an increase in average project size and the addition of Long Engineering. * Operating cash flow of $6.3 million, compared to $6.4 million in the prior year quarter.Six Month 2020 Results * Gross revenue of $222.0 million, compared to $229.3 million in the prior year period. * Net revenue of $182.1 million, compared to $183.7 million in the prior year period. * Net loss was $21.3 million, compared to net income of $4.9 million in the prior year period. The net loss in the first half 2020 included $27.3 million of one-time pre-tax costs, primarily related to $16.7 million of transaction costs and professional fees associated with the Company’s business combination with Boxwood Merger Corp, and also $10.7 million of non-cash equity compensation. * Adjusted EBITDA of $ 28.3 million, compared to $28.2 million in the prior year period, essentially stable year-over-year despite a decrease in revenue.Full Year 2020 Outlook * Based on current backlog, the Company affirms its previously provided expectation for gross revenue to be in the range of $453 million to $468 million, with net revenue representing a higher percentage of gross revenue in 2020 compared to 2019. * Adjusted EBITDA is anticipated to be in the range of $58 million to $64 million. * The outlook reflects current visibility on the timing of work as stay-at-home orders are lifted.David D. Quinn, Sr. Chief Financial Officer, concluded, “Our strong results validate the exceptional resilience of our business during a quarter in which the U.S. economy contracted at the steepest rate in our nation’s history. We are therefore optimistic about our outlook based on the trajectory of our end markets and the continued improvement in our labor utilization, as well as the adaptability of our highly variable cost structure to help us succeed in a variety of economic scenarios. We look forward to delivering on our 2020 objectives and to entering 2021 with significant momentum to further build on our success.” (1) Net revenue is a Non-GAAP financial measure. Please see “Reconciliation of Non-GAAP Financial Measures” for a reconciliation of net revenue to the most comparable financial measure calculated in accordance with GAAP.(2) Adjusted EBITDA is a Non-GAAP financial measure. Please see “Reconciliation of Non-GAAP Financial Measures” for a reconciliation of Adjusted EBITDA to the most comparable financial measure calculated in accordance with GAAP. Webcast and Conference Call The Company will host a webcast and conference call on Monday, August 10, 2020 at 5:00 p.m. Eastern time (4:00 p.m. Central time) to review second quarter 2020 results, discuss recent events and conduct a question-and-answer session. The live webcast will be available at www.oneatlas.com in the Investors section. The conference call will also be accessible by dialing 1-877-407-9716 (Domestic) and 1-201-493-6779 (International). To access the replay of the call, dial 1-844-512-2921 (Domestic) and 1-412-317-6671 (International) with pass code 13707220. A replay of the webcast will be available on the Company’s website.About Atlas Technical ConsultantsHeadquartered in Austin, Texas, Atlas is a leading provider of professional testing, inspection engineering and consulting services under the name Atlas Technical Consultants, offering solutions to public and private sector clients in the transportation, commercial, water, government, education and industrial markets. With more than 100 offices in 40 states and 3,200+ employees, Atlas provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design and manage a wide variety of projects across diverse end markets. For more information, go to https://www.oneatlas.com.Forward-Looking StatementsThe statements contained in this press release that are not purely historical are forward-looking statements and involve a number of risks and uncertainties. Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions and estimates, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and variations of such words and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our expectations and beliefs as of the date of this filing concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions or estimates that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.
- 08/10/2020
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Atlas Technical Consultants Announces Agreement to Acquire Colorado Based WesTest
- \- Secures position in Colorado transportation sector and strengthens cross-selling capabilities -AUSTIN, Texas, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today that it has entered into a definitive agreement to acquire WesTest LLC (“WesTest”), a key provider of transportation-related materials testing and inspection services, headquartered in Lakewood, Colorado. WesTest has approximately 40 employees, providing a wide range of materials testing, specification development, forensic engineering, geotechnical engineering and construction support services in Colorado. L. Joe Boyer, Atlas’ Chief Executive Officer, said, “We are excited to welcome WesTest to the Atlas family. The addition of WesTest will expand our testing and engineering capabilities in the rapidly growing Colorado region, where we can lay the groundwork to scale up our transportation and infrastructure services. WesTest’s solid technical reputation and tenured client relationships fit firmly within our expansion strategy. We look forward to cross-sell and self-perform more work across our expanded footprint as we continue to build upon the growth and prosperity of our Company.”Eric West, President of WesTest, commented, “Atlas is a great fit for WesTest and I look forward to the opportunities that joining a national platform provides our company and our people. We are perfectly aligned on strategy, culture and commitment to the customers and communities we serve. I am very thankful for all of the dedicated employees here at WesTest, and am extremely proud of the company we have built together.”The transaction is expected to close in the third quarter of 2020. The terms of the acquisition were not disclosed.About Atlas Technical ConsultantsHeadquartered in Austin, Texas, Atlas is a leading provider of professional testing, inspection engineering and consulting services under the name Atlas Technical Consultants, offering solutions to public and private sector clients in the transportation, commercial, water, government, education and industrial markets. With more than 100 offices in 40 states and 3,200+ employees, Atlas provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design and manage a wide variety of projects across diverse end markets. For more information, go to https://www.oneatlas.com.Forward-Looking StatementsThe statements contained in this press release that are not purely historical are forward-looking statements. Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. The information included in this press release in relation to Atlas has been provided by Atlas and its management team, and forward-looking statements include statements relating to Atlas’ management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us and are based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: (1) the effect, impact, potential duration or other implications of the COVID-19 pandemic and any expectations we may have with respect thereto; (2) the risk that our actual results may differ from the guidance we have provided; (3) the ability to recognize the anticipated benefits of our past acquisitions, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain management and key employees; (4) changes adversely affecting the business in which we are engaged; (5) changes in applicable laws or regulations; (6) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and (7) other risks and uncertainties indicated from time to time in the Company’s filings with the U.S. Securities and Exchange Commission, including those under “Risk Factors” therein.Contacts:Media Karlene Barron 770-314-5270 karlene.barron@oneatlas.com Investor Relations 512-851-1507 ir@oneatlas.com
- 08/10/2020
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Why Atlas Technical's Stock Is Trading Higher Today
- Atlas Technical Consultants (NASDAQ: ATCX) shares are trading higher on Tuesday after the company reported the purchase of Alta Vista Solutions on Monday. No terms were disclosed...
- 08/04/2020
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Atlas Technical Consultants Announces Agreement to Acquire Alta Vista
- \- Strengthens transportation testing, inspection and engineering capabilities in West Coast and Northeast -AUSTIN, Texas, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today that it has entered into a definitive agreement to acquire Alta Vista Solutions, Inc. (“Alta Vista”), a key provider of transportation-related testing and inspection services, headquartered in Oakland, California. Alta Vista has approximately 100 employees, operating out of four offices in California and one office in New York City, bringing a broad array of construction engineering, materials testing, inspection, quality management, asset management and infrastructure services. L. Joe Boyer, Atlas’ Chief Executive Officer, said, “Alta Vista’s transportation focus, wide range of services and established presence in California and New York will provide an exceptional fit for Atlas. The ability to self-perform more work is a key part of our growth strategy. With our combined expertise and infrastructure focus, we will be able to more thoroughly service customers in two key regions where investment in transportation is an increasing priority for state and local governments. We look forward to welcome Alta Vista’s talented team to our rapidly growing company.”Patrick Lowry, P.E., President of Alta Vista, stated, “Similar to Atlas, we have built our business through a reputation for high-quality work and delivering comprehensive services to customers. Atlas’ scale, resources and shared passion for excellence represent an exciting new chapter for our business. We look forward to continue providing our combined client base with innovative technical solutions.”Mazen Wahbeh, PH.D., P.E., Executive Chairman of Alta Vista, added, “I am extremely proud of the company we have built together with our dedicated employees. Atlas fits squarely with our desire to quickly scale our business in both existing and new markets. We are very excited to become part of Atlas and to further build on our successful history.”The transaction is expected to close in the third quarter of 2020. The terms of the acquisition were not disclosed.About Atlas Technical ConsultantsHeadquartered in Austin, Texas, Atlas is a leading provider of professional testing, inspection engineering and consulting services under the name Atlas Technical Consultants, offering solutions to public and private sector clients in the transportation, commercial, water, government, education and industrial markets. With more than 100 offices in 40 states and 3,200+ employees, Atlas provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design and manage a wide variety of projects across diverse end markets. For more information, go to https://www.oneatlas.com.Forward-Looking StatementsThe statements contained in this press release that are not purely historical are forward-looking statements. Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. The information included in this press release in relation to Atlas has been provided by Atlas and its management team, and forward-looking statements include statements relating to Atlas’ management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us and are based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: (1) the effect, impact, potential duration or other implications of the COVID-19 pandemic and any expectations we may have with respect thereto; (2) the risk that our actual results may differ from the guidance we have provided; (3) the ability to recognize the anticipated benefits of our past acquisitions, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain management and key employees; (4) changes adversely affecting the business in which we are engaged; (5) changes in applicable laws or regulations; (6) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and (7) other risks and uncertainties indicated from time to time in the Company’s filings with the U.S. Securities and Exchange Commission, including those under “Risk Factors” therein.Contacts:Media Karlene Barron 770-314-5270 karlene.barron@oneatlas.comInvestor Relations 512-851-1507 ir@oneatlas.com
- 08/03/2020
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Atlas Technical Consultants Announces Date for Second Quarter 2020 Results
- AUSTIN, Texas, July 22, 2020 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today that the Company will release its second quarter 2020 financial results after the market closes on Monday, August 10, 2020. A webcast and conference call will be held that same day at 5:00 p.m. Eastern time (4:00 p.m. Central time) to review the Company’s second quarter results, discuss recent events and conduct a question-and-answer session. The live webcast and archived replay of the conference call can be accessed on the Investors section of the Company’s website at www.oneatlas.com. For those unable to access the webcast, the conference call will be accessible domestically or internationally, by dialing 1-877-407-9716 or 1-201-493-6779, respectively. Upon dialing in, please request to join the Atlas Technical Consultants Second Quarter 2020 Earnings Conference Call. To access the replay of the call, dial 1-844-512-2921 (Domestic) and 1-412-317-6671 (International) with pass code 13707220. About Atlas Technical Consultants Headquartered in Austin, Texas, Atlas is a leading provider of professional testing, inspection engineering and consulting services under the name Atlas Technical Consultants, offering solutions to public and private sector clients in the transportation, commercial, water, government, education and industrial markets. With more than 100 offices in 40 states and 3,200+ employees, Atlas provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design and manage a wide variety of projects across diverse end markets. For more information, go to https://www.oneatlas.com.ContactsInvestors 512-851-1507 ir@oneatlas.com
- 07/22/2020
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Atlas Selected for Combined $4 Million Georgia DOT Contracts for Highway Right-of-Way Purchases
- AUSTIN, Texas, July 22, 2020 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today that it has been selected to assist the Georgia Department of Transportation (“Georgia DOT”) in procuring Right-of-Way Acquisition for the I-285 at I-20/East Side Interchange Reconstruction and the I-285 Express Lanes from I-20 to I-85. Both projects are located in Dekalb County, Georgia. Atlas will provide right-of-way project management, pre-location, acquisition, negotiation, relocation and valuation services for the two projects. “The demand for right-of-way services continues to grow and is consistent with our efforts to expand our self-perform capabilities in this area of backlog growth,” said Atlas CEO, L. Joe Boyer. “We couldn’t be more pleased to be selected to continue providing quality work for our long-term customer, the Georgia DOT.”The I-285/I-20 East Interchange project will improve traffic flow and safety by reconstructing ramps; constructing new collector-distributor (CD) lanes; adding auxiliary lanes along I-20 and I-285 and replacing bridges throughout the project.The I-285 Eastside Express Lanes project proposes to add one optional, buffer-separated express lane in each direction on I-285 between I-20 and Henderson Road in DeKalb County.Both projects are part of the Georgia DOT’s major investment in the state’s transportation network to deliver projects that will meet a community need and deliver positive benefits to drivers. Major Mobility Investment Program (MMIP) projects were pinpointed that will create additional capacity, improve freight movement, provide transportation improvements and efficiencies, enhance safety, and decrease travel times.About Atlas Technical Consultants Headquartered in Austin, Texas, Atlas is a leading provider of professional testing, inspection engineering and consulting services under the name Atlas Technical Consultants, offering solutions to public and private sector clients in the transportation, commercial, water, government, education and industrial markets. With more than 100 offices in 40 states and 3,200+ employees, Atlas provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design and manage a wide variety of projects across diverse end markets. For more information, go to https://www.oneatlas.com.Contacts Media Karlene Barron 770-314-5270 karlene.barron@oneatlas.comInvestors 512-851-1507 ir@oneatlas.com
- 07/22/2020
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Atlas Technical Consultants Announces Preliminary Second Quarter 2020 Results and Provides 2020 Outlook
- AUSTIN, Texas, July 14, 2020 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today preliminary second quarter 2020 results and provided a full year 2020 outlook. Preliminary Second Quarter 2020 Highlights: * Gross revenue in the range of $111 million to $113 million * Net Income of $2.0 million to $2.5 million * Adjusted EBITDA1 of $ 15.0 million to $15.5 million * Liquidity at the end of the quarter was approximately $39 million, an approximate 5% increase from the first quarter 2020 largely attributable to positive operating cash flow generation * Backlog increased to a new record level in excess of $620 millionFull Year 2020 Outlook: * Based on current backlog, gross revenue is expected to be in the range of $453 million to $468 million, with net revenue representing a higher percentage of gross revenue in 2020 compared to 2019 * Adjusted EBITDA is anticipated to be in the range of $58 million to $64 million * The outlook reflects current visibility on the timing of work as stay-at-home orders are lifted, and compares to the Company’s previously suspended outlook for gross revenue and Adjusted EBITDA in the respective ranges of $505 million to $530 million and $74 million to $80 million issued prior to the impact of COVID-19 pandemic-related disruptions beyond the Company’s controlL. Joe Boyer, Atlas’ Chief Executive Officer, said, “While health and safety remains our top priority, the Atlas team is focused on operational excellence and providing critical services to the nation’s infrastructure and other essential sectors. Despite lower year-over-year revenue in the second quarter due to the COVID-19 pandemic, the resiliency of our business has been demonstrated by improved momentum as we progressed through the quarter. This includes an increasing mix of self-perform work, steady growth in our government-based sector volume and stabilizing trends in private sector activity. In addition, the prompt delivery of our cost reductions and liquidity enhancements, during a period when much of the country was shut down, enabled us to deliver expected Adjusted EBITDA dollars for the first half 2020 that were essentially in line with the prior year period.”Mr. Boyer continued, “Into July, we have seen continued improvement in our labor utilization, especially in geographic areas where activity has resumed as economies re-open. To date, no significant contracts have been canceled and the demand for our mission critical services is driving backlog growth. Our bidding opportunities remain strong and we continue to win new work, including several large opportunities across our expanded geographic footprint. We remain committed to preserving ample liquidity while expanding backlog and executing on our deleveraging acquisition strategy that benefit our people, clients, and shareholders. While pandemic-related uncertainty may continue to impact the timing of backlog execution, our strengthening business momentum positions us to demonstrate the ongoing growth, earnings and cash-generating power of our business as conditions further improve.”(1) Adjusted EBITDA is a Non-GAAP financial measure. Please see “Reconciliation of Non-GAAP Financial Measures” for a reconciliation of Adjusted EBITDA to the most comparable financial measure calculated in accordance with GAAP. Preliminary Unaudited Financial Information for Second Quarter 2020Interim consolidated financial statements as of and for the quarter ended June 30, 2020 are not yet complete and are not available as of the date of this press release. The preliminary financial information presented above for the quarter ended June 30, 2020 remain preliminary, based upon information available as of the date of this press release and is subject to change and finalization based on completion of all quarter end close processes. Accordingly, undue reliance should not be placed on this unaudited preliminary financial information. Please also refer to “Forward-Looking Statements.”About Atlas Technical ConsultantsHeadquartered in Austin, Texas, Atlas is a leading provider of professional testing, inspection engineering and consulting services under the name Atlas Technical Consultants, offering solutions to public and private sector clients in the transportation, commercial, water, government, education and industrial markets. With more than 100 offices in 40 states and 3,200+ employees, Atlas provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design and manage a wide variety of projects across diverse end markets. For more information, go to https://www.oneatlas.com. Forward-Looking StatementsThe statements contained in this press release that are not purely historical are forward-looking statements. Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. The information included in this press release in relation to Atlas has been provided by Atlas and its management team, and forward-looking statements include statements relating to Atlas’ management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us and are based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: (1) the effect, impact, potential duration or other implications of the COVID-19 pandemic and any expectations we may have with respect thereto; (2) the risk that our actual results may differ from the guidance we have provided; (3) the ability to recognize the anticipated benefits of our past acquisitions, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain management and key employees; (4) changes adversely affecting the business in which we are engaged; (5) changes in applicable laws or regulations; (6) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and (7) other risks and uncertainties indicated from time to time in the Company’s filings with the U.S. Securities and Exchange Commission, including those under “Risk Factors” therein.Reconciliation of Non-GAAP Financial Measures To supplement its consolidated financial statements, which are prepared and presented in accordance with GAAP, Atlas discloses Adjusted EBITDA, which is a non-GAAP financial measure, in this press release. Atlas believes this financial measure is a useful indicator to evaluate performance because it allows for an effective evaluation of Atlas’ operating performance when compared to its peers, without regard to its financing methods or capital structure. Atlas believes Adjusted EBITDA is useful for investors and others in understanding and evaluating Atlas’ operations results in the same manner as its management. However, Adjusted EBITDA is not a financial measure calculated in accordance with GAAP and should not be considered as a substitute for, or in isolation from, net income (loss), revenue, operating profit, or any other operating performance measures calculated in accordance with GAAP.Atlas defines Adjusted EBITDA as net income before interest expense, income taxes, depreciation and amortization, adjustments for certain one-time or non-recurring items and other adjustments. Atlas excludes these items from net income in arriving at Adjusted EBITDA because these amounts are either non-recurring or can vary substantially within the industry depending upon accounting methods and book values of assets, capital structures and the method by which the assets were acquired. Certain items excluded from Adjusted EBITDA are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital and tax structure, as well as the historic costs of depreciable assets, none of which are reflected in Adjusted EBITDA. Atlas’ presentation of Adjusted EBITDA should not be construed as an indication that results will be unaffected by the items excluded from Adjusted EBITDA. Atlas’ computation of Adjusted EBITDA may not be identical to other similarly titled measures of other companies. For a reconciliation of Adjusted EBITDA to its most comparable measure under GAAP, please see the table entitled “Reconciliation of Non-GAAP Financial Measures” at the end of this press release.
- 07/14/2020
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Atlas Awarded $4 Million Richards Boulevard Office Complex Project in California
- AUSTIN, Texas, July 07, 2020 -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX), a leading provider of professional testing, inspection, engineering, program management and.
- 07/07/2020
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Are Hedge Funds Really Bullish On Atlas Technical Consultants, Inc. (ATCX)?
- How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
- 07/06/2020
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Atlas Selected to Lead Sherwood Forest Drive Extension Project in Louisiana
- AUSTIN, Texas, June 30, 2020 -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading provider of professional testing, inspection,.
- 06/30/2020
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Atlas Technical Consultants to Present at the Stifel 2020 Virtual Cross Sector Insight Conference
- AUSTIN, Texas, June 08, 2020 -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading provider of professional testing, inspection,.
- 06/08/2020
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Atlas Technical Consultants Wins Construction Engineering and Inspection Contract from the Texas Department of Transportation
- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) ("Atlas" or the "Company"), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today the award of a $8 million contract from the Texas Department of Transportation (TxDOT) for Construction Engineering and Inspection (CEI) services. The newly awarded contract will support the TxDOT’s Odessa District in West Texas.
- 06/01/2020
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Atlas Technical Consultants to Participate in the UBS 2020 Virtual Global Industrials and Transportation Conference
- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) ("Atlas" or the "Company"), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today that the Company will participate in the UBS 2020 Virtual Global Industrials and Transportation Conference on Tuesday, June 2, 2020.
- 06/01/2020
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Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Might Not Be A Great Investment
- Today we'll evaluate Atlas Technical Consultants, Inc. (NASDAQ:ATCX) to determine whether it could have potential as...
- 05/23/2020
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How to Play the Rebalancing of the Russell Indexes
- More than 200 stocks are likely to move into or out of the key benchmarks in late June. There are proven ways to profit from the shifts.
- 05/22/2020
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Atlas Technical Consultants Announces Finance and Accounting Organizational Changes
- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) ("Atlas" or the "Company"), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today changes to their Finance and Accounting Organization. In line with the growth of our recently public company, we are realigning significant roles within our Finance & Accounting team. David D. Quinn, Sr. has been appointed Chief Financial Officer (CFO), effective May 12, 2020. Mr. Quinn is a results driven leader with over 25 years of experience in the construction, engineering and technical Services industries and has served as Atlas’ Executive Vice President of Corporate Affairs since September 2019. Mr. Quinn will succeed Walter Powell, who will relinquish his previous dual roles as CFO & Chief Accounting Officer (CAO) and retain his role as CAO.
- 05/12/2020
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Atlas Technical Consultants Reports First Quarter 2020 Results
- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) ("Atlas" or the "Company"), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today results for the first quarter ended March 31, 2020.
- 05/11/2020
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Atlas Technical Consultants Announces Date for First Quarter 2020 Results
- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) ("Atlas" or the "Company"), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today that the Company will release its first quarter 2020 financial results after the market closes on Monday, May 11, 2020. A webcast and conference call will be held that same day at 5:00 p.m. Eastern time (4:00 p.m. Central time) to review the Company’s first quarter results, discuss recent events and conduct a question-and-answer session.
- 04/28/2020
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EBay's stock rallies after Stifel analyst turns bullish, lifts price target
- Shares of EBay Inc. rallied 1.9% in premarket trading Friday, after Stifel Nicolaus analyst Scott Devitt turned bullish on the e-commerce company, as retail closures resulting from the coronavirus pandemic has shifted a "substantial portion" of consumer spending online. Devitt raised his rating to buy, after being at hold since October 2018, and lifted his price target to $45 from $40. He said third-party data shows that e-commerce sales have accelerated "dramatically" in March with strong momentum continuing in April. "EBay is a direct beneficiary of the current landscape and we see upside to near-term topline results as competing platforms temporarily prioritize food and household necessities and consumer demand for items desired for work and education in the home inflect higher," Devitt wrote in a note to clients. Devitt also raised his stock price targets for rival e-commerce companies Amazon.com Inc. to $2,600 from $2,400 and for Wayfair Inc. to $115 from $75, while maintaining his buy ratings for both companies. Year to date, EBay's stock has gained 5.0% through Thursday, while Amazon shares have run up 29.9% and Wayfair's stock has climbed 15.8% and the S&P; 500 has lost 13.4%.
- 04/24/2020
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Diamond Eagle Acquisition (NASDAQ:ATCX) vs. Blackrock Capital Investment (NASDAQ:BKCC) Critical Analysis
- Diamond Eagle Acquisition (NASDAQ:ATCX) and Blackrock Capital Investment (NASDAQ:BKCC) are both small-cap construction companies, but which is the superior business? We will compare the two companies based on the strength of their earnings, profitability, analyst recommendations, institutional ownership, risk, valuation and dividends. Risk & Volatility Diamond Eagle Acquisition has a beta of 0.52, suggesting that […]
- 04/14/2020
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Reviewing Genpact (NYSE:G) and Diamond Eagle Acquisition (NYSE:ATCX)
- Genpact (NYSE:G) and Diamond Eagle Acquisition (NASDAQ:ATCX) are both business services companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, risk, profitability, earnings, dividends, analyst recommendations and valuation. Analyst Ratings This is a breakdown of current ratings for Genpact and Diamond Eagle Acquisition, […]
- 04/12/2020
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Contrasting Booz Allen Hamilton (NYSE:BAH) and Diamond Eagle Acquisition (NYSE:ATCX)
- Diamond Eagle Acquisition (NASDAQ:ATCX) and Booz Allen Hamilton (NYSE:BAH) are both construction companies, but which is the better investment? We will contrast the two businesses based on the strength of their profitability, earnings, analyst recommendations, valuation, institutional ownership, dividends and risk. Insider & Institutional Ownership 53.8% of Diamond Eagle Acquisition shares are owned by institutional […]
- 04/09/2020
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Diamond Eagle Acquisition (NASDAQ:ATCX) & RMR Group (NASDAQ:RMR) Head-To-Head Survey
- Diamond Eagle Acquisition (NASDAQ:ATCX) and RMR Group (NASDAQ:RMR) are both small-cap construction companies, but which is the superior stock? We will contrast the two businesses based on the strength of their dividends, institutional ownership, profitability, risk, earnings, analyst recommendations and valuation. Earnings and Valuation This table compares Diamond Eagle Acquisition and RMR Group’s top-line revenue, […]
- 03/28/2020
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Atlas Technical Consultants Reports Fourth Quarter and Full Year 2019 Results
- Atlas Technical Consultants, Inc. (Nasdaq:ATCX) ("Atlas" or the "Company"), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today results for the fourth quarter and full year ended December 31, 2019.
- 03/16/2020
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Atlas Technical Consultants Announces Date for Fourth Quarter and Full Year 2019 Earnings Release and Conference Call
- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) ("Atlas" or the "Company"), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today that the Company will release its fourth quarter and full year 2019 financial results after the market closes on Monday, March 16, 2020. A conference call will be held that same day at 5:00 p.m. Eastern time (4:00 p.m. Central time) to review the Company’s fourth quarter and full year results, discuss recent events and conduct a question-and-answer session.
- 03/09/2020
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