ATCX - Earnings call transcript Q1 2022 | Atlas Technical Consultants Inc

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Operator

Hello and welcome to the Atlas Technical Consultants First Quarter 2022 Conference Call. Currently all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the call over to your host, Jonathan Parnell, Chief Strategy Officer of Atlas. begin. may you you, Thank

Jonathan Parnell

an Good website morning. that market us. hope investor also for yesterday. be which found in ir.oneatlas.com. thank seen our you the posted have you've we after of note joining investor earnings presentation, Please can our We section that And updated at release closed issued

which expectations, assumptions describing that include forward-looking may forward-looking we many I'd statement. our goals, recent note company's Before assume risks beliefs, call and that identify begin, and a for reasons, of anticipated forward-looking variety like our differ our are actual uncertainties that Please today's filings to such projections, could beyond of prospects We plans, Securities our Please statement. results strategies, results. publicly Any forward-looking affect and statement are from remind statements the future update forecasts any see Commission, the control. with by you the business, statement. those may no principal which Exchange to obligation and

addition, release reconciliation measures CEO, or their EPS. non-GAAP Boyer. call see including most earnings comparable Joe our measures today, I'll and for filings EBITDA providing EBITDA, non-GAAP net Please will discussing adjusted In financial adjusted adjusted margins, to measure. GAAP now our certain of adjusted be these a over and we income the directly to turn

Joe Boyer

the and for I'll today's including financial and results you, the an everyone up the with will then an the Thank On quarter priorities, are our we'll us our of questions. call, and on remainder strategic we first seeing the provide open appreciate for our David, Jonathan. from recent And our continue acquisitions. our year, outlook of quarter update call I discussion overview today. benefits first results joining

of expansion, the pace growth, XX% quarter backlog given year we an XX% growth, for our quarter normal revenue on XX% in-line the we're market leading expectations generated for X% a we and XXXX. EBITDA, And first year results which Operating and in growth quarter, of was adjusted Atlas growth, first we cash strategic to strong backlog strong continued In flows, in acquisitions. seasonality. growth organic the a two acceleration the revenue enjoyed to in start a completion revenue were combination for including our and was driven The growth, growth believe of XXXX. another organic improved Atlas with margin robust fundamentals, the in rate, record and through solid with

the at quarter growth. our all this to last and the regions. set continue how see Backlog acquisitions. contributing acquisitions technical organic key reached of million growth as acquisitions from are XX% shortly over to specific record end year, our highly services Additionally, last more the level customers by with contribution from years, we our last backlog another and our continued X% at quarter, driven from organic from $XXX of the up we examples completed benefits come I'll geographic broader to several offer across we of a back

and sustainability. Our infrastructure nation's be of customers, to an our awards both from by focus and supported environmental markets by increased trends, aging the as public private continue on driven the such infrastructure environmental and secular sector

seeing large spending I quarters, This overall is $XX I announced Last Beyond backlog, the as driving figure reiterate into some and and our the view lower continued is the recent they business. and inspection clients optimistic healthy, ultimately environmental current Construction several compliance, to not its in years. markets, over $XXX tax quarter, the clean funding months, like in areas record the driving to our invest We're very outlook This has large backlog, end likely and contract environment. one levels X-Eleven, demand business, than they such digital contracts fundamentals trajectory our demand national allocate had our quarter-to-quarter, for of to we and that indicated Sam's of bill sector seeing quarter. does their side I assets. and in vary about planning and infrastructure customers’ today. Club as the the strong municipal Penn private the outstanding transformation Access hit with quarter permitting, to demand next and as change management our as figure as engineering because And And awards state our them execution. convert from revenues the of last was and next programmatic ever as energy, we've volume the on have nationwide. that related services contracts million several project project of statement of approximately remain pending million allow last we're we increase will such testing market additional

$XX critical the bookings, excited We're a about companies. magnitude opportunities project. selling ability award improvement contract Authority with million Atlas. and the about projects our value to with of national to into backlog, across offerings, service their prime and the the and Atlas’s potential this infrastructure high it more years. footprint three property most of support and released excited the acquired as we our a potential environmental what for the and Los next work million, capital this enhance major strengthen U.S., more Angeles capital seeing has customer. broaden geographic over our construction example services As put improvement to work and and for of we're our $XX The a more means and some largest provide infrastructure We're also was nation's County environmental projects on and and We Metropolitan Transportation of by but awarded example an cross maximum another program, of recently potential This announced on profile the we scale, additional programs, larger strategically is And for technical grow customers. provide projects. across Atlas’s services is

strategic progress to our on update the turn let's made and priorities these we've with initiatives. Now

drive capital to we value these we look at for overall expand our are do drive Atlas. everything and improve margins, the continue As organic of stakeholders, at to growth, foundation structure priorities our

foremost, our utilize we continue to strong market and regional organic and I executing to our footprint on broad strategy are examples customers. and major capitalize fundamentals with offerings touched service drive will national how penetration growth. national to with and First some of larger cross-selling project wins on

growth new year. the remain opportunity organic throughout Our momentum the the strategy first organic pipeline continued X% helped encouraged and business growth drive quarter, in we our for

our of highly TranSMART Each completed acquisitions and these but In to remain we our strategy. committed added Alliance acquisitions can Geomatics. M&A that X we Secondly, key to first services only we in our and of strengthened customer the technical offer the regions, not national base. enhance also geographic quarter the footprint

of have without projects and such companies one national profile, since some is Importantly, one Vista’s is on we're would outsize combined has an as to less overall our key To contributes to his organic been our transportation provider than wanted we've take August This with key importantly, our with and/or technical of update Vista Caltrans, major not a Atlas AltaVista’s strengthen position inspection management, to Alta as others technical Project. XXXX, skill wins the Not smaller example state that these acquired been and footprint agencies acquisition and two strategy able only to insight record for program to into Atlas’s able we than factor Vista pursue EBITDA, Alta pursuing track only capabilities. the that enjoyed I of as an In doubled how This related specific more leverage provide acquisitions. Penn but be services. M&A relationships set we engineering growth transportation into Atlas’s footprint regional well acquisition, acquisitions, also expertise. additional the such of Access as have give technical insight provides acquiring in most their successes of months proven regions. opportunity after for as how Atlas. Alta our in good drives to previous largest growth strategy with with

Third, their shareholder and could us committed to potential value. options we that all strengthen structure capital constantly remain help evaluate drive

this services net may organic growth, expect leverage and safe become ESG. outside generation, a of driving aligned available deleveraging potential the well options with capitalize investment goals. to project to metric our Atlas in reducing through mature and of us. our and to and comprehensive are combination the we XX-year providing many completed cash recently year before Duwamish And our habitats to customers’ ESG like environmental that And sustainable fourth our old the continue will and allow is to on commitment through this committed committed restore remain healthy other we're a M&A, natural to infrastructure that throughout of to improvement increasingly remove resilient salmon infrastructure moving We Seattle ocean. positioned into Patches young to service are decisions are back offerings. here. to fish levee customers’ systems a River and We

of internally these shareholders. are the forward ESG reporting are process in We initiatives to drive in all value the forward. Additionally, goals priorities months. we Atlas upcoming are finalizing progress ESG first and looking on the to our update and factors formal and continue releasing believe going we'll And and our Atlas, metrics at to annual key for report to

details on David, our the turn I'll that, financial to performance with So to outlook. call and provide over

David Quinn

Joe. Thanks,

of quarterly discussion and out performance to new statement. providing I'd the Before point in I outlook, our detail income our begin like we're

this our will will XX-Q, we've understand revenue and help believe we drive way likely transparency business, our performance we breakout how release expenses. our us growing allow As and forward. seen in into ultimately margin And provides additional you've report going and the press scale to adjusted investors

first X%. up performance prior of driven percentage acquisitions. in $XXX.X well was the from quarter, growth all year as was quarter as areas, to year, of quarter, service to the contributions Organic in compared last XX.X% quarter. to of Gross million due down greater the the costs in to our by in quarter. Turning the modestly XXXX margin a subcontractor X.X% with compared Gross revenue strong

provides our to pricing and our points costs, gross of This last the our net quarter, utilization XX.X% XX.X% XX.X%. was subcontractor XX of and the costs. increase by benefits our up metric can improved insight of last the revenue scale, from points benefiting as personnel net represents performance driven costs. see the over how declined compare last in million prior we breakout as Excluding overhead year increased solid XXX basis and gross result and workforce. was $XX.X our higher was quarter. In metric, reporting basis leverage to the which of last structure disciplined year over operational Atlas mentioned, which This of as in compared is and improved year, gross costs view, would is into cost to I of overhead new year. management revenue, revenue EBITDA of the margin from of efficient strategy operating revenue represented the well than XX.X% scale. This growing a our an both year to benefits, of and And format, Adjusted from as our you continue percent majority

quarter, in $X.X in our that EPS adjusted For income, of our we preferred in quarter. by $X.X this we $X.XX, of versus QX in which the had preferred conversion variance the adjusted expense. produced and in quarter income our of primarily $XXX,XXX dividend net EPS equity reflected $X.XX net was not The fourth that did XXXX. interest income impact period, net structure Unitron and is driven prior and into In now year-over-year million year the million

on $XX our of operations use Moving cash cash million. balance sheet. and had In quarter we a flow from to the

with also quarter mentioned, Joe cadence normal first operations, and This building flows. our year. cash is there's lowest case the throughout As in for a being the our of seasonality the

$XXX the the following can priority a continue as a key in us a to by onto a steady and quarters. QX cash Improving half related is especially the of of year in working the the to increase companies And year full increase cash was capital strong of quarter of the You the XXXX. and with use outlook, working completed of The based we see bring needs was that exceeding due through associated seasonality management our platform. early the end end debt expect higher million. with at generation the we free business. the Atlas a quarter primarily second in quarter the strong acquisitions flow acquired of of followed Net contribution for our part the to to on year, capital from expect debt we year volume our the

in times, X.X X.X and efficiencies cost includes acquisitions from the months We've continue up and into end excellent in from which improvements from XXXX EBITDA down our the last ratio, to full pro progress and balance over turn strengthening simplifying demonstrated the the drive covenant period XXXX will times and bank forma and structure a year. of the X.X Our was same of last and XXXX. at capital XX times year through

are Moving on our we XXXX. and reaffirming to guidance our EBITDA adjusted outlook, for revenue

XXX range to $XXX basis At strong from acquisitions. timing XX% margin the to we expect in compared the see, of XXXX tailwinds market We XXXX to visibility in of this EBITDA of and at be the of XXXX growth our $XXX be our compared $XX We strength to our contributions million adjusted midpoint represents increase to expansion an the the midpoint as the points continued million. the reflects $XX results. work, or of anticipate of the on range XX% outlook million revenue to This results. of million, as backlog

We flow year. on are mentioned, the of get several improved flow driving the quarters, as year. the as keenly we throughout focused into the also results next part cash latter I expect especially cash And over

closing growth will now by that, And for potential turn the call business remarks. excited extremely are to moving this our forward. We back I for with Joe

Joe Boyer

for in Great. on We XXXX gained record several year start accelerated adjusted organic and EBIT with quarter and XXXX. record growth Thank we on are had backlog. the the a and you again, building strong momentum of over We're revenue David. last quarters track another another to

opportunities the Atlas in driving capital to our structure. capturing and efficiencies I'm please. organically available safe in manner. represent who again to Thank fully focus sustainable to committed are extremely both are improving is Q&A up proud joining us. open Operator, U.S. a inorganically, employees the for can you that projects and delivering Our mission lines many business, the now critical in we and for our

Operator

Rob this Street first with question Lake Our Thank time, comes conducting Brown question-and-answer a you. At proceed Capital. Please be question. from we'll Instructions] [Operator session. with your

Rob Brown

Hi, the guys. on job good Nice morning, quarter.

Joe Boyer

very much. Hey, Rob. you morning. Thank Good

David Quinn

Rob. Thanks,

Rob Brown

Yeah.

is about the had of crossXselling those. included helped some help what's question think wins [Indiscernible]? But in some what you've and And of maybe efforts you do First quarter. I contract the some to you able that were drove nice those to wins, contract

Joe Boyer

the current technical companies And bringing on capabilities, of then we combine Rob, overall built them really So it's just additional a really, with a to with this company our on larger pursue relationships, platform adding continuation of the platform, to opportunities. been strategy. and solid the leverage onto basis capabilities and Atlas’s really able those relationships

well. been So, in to the Rob, we've quarter growth organic as that. able that's our key really growth been And to the and do

gaining So really in we've integration successes revenue had synergies. of the cross-selling

of. nice Access. the We LA are really during opportunities the and are, heard that's -- some we're also quarter with the haven't still I was with case That at the Metro. case, win Penn know pursuing also Rob that pursued We've

in then some and TranSMART. mid-Atlantic opportunities around nice using recent the capabilities of the of Some should, transportation

months significant them pursuing what coast. ago, bought been It’s we're we the to able legacy all have west two acquisitions well, relations, technical we're that rail the from would without capabilities, capabilities. opportunities, California development already way just as combination opportunities their the pursue commercial Georgia opportunities, relationship opportunities, not transportation we to Northeast Although and doing

part we've that. as the do successful of we're been been able at to Rob So really -- what that's doing, strategy. And

Rob Brown

in Okay, inflation. great. trends what and some price in Great seeing of of margin to labor you're terms maybe terms the see. here, And then of

some apply how I this out you But at do think you're playing going point? gross improvement, that margin. to see

David Quinn

Rob. great, Yeah,

increasing margins been a And in said, cost which the XX% clients, our again, we we've as in pricing with delivering. actively reimbursable evident past, is we're fortunately, we're the our business. So

on our you year up. quarter you EBITDA If they're look ago, at look margins, if margins at this versus a also gross our labor,

up. So driving our we really cost, we've has and effective the inflation been labor still pricing But in look margins at transitory. building in been

Rob Brown

Okay, great. Thank you. it I'll over. turn

Operator

comes your proceed question Please from with Securities. with question. next Moore CJS Our Chris

Chris Moore

the guys. impact a a on interest macro business couple there Hey, A -- the morning, have of up of a environment an bit longer standpoint? kind just on kind is -- Yeah, of your any of customer specific on little taking term, maybe it's follow good much higher Thanks from areas good demand morning, questions. challenges. for a rate

Joe Boyer

good question. Chris, that's a

say growth. on And a quite existing We on that, two Let work, being around me drive maybe work to to that. assets. done it's never our this work of I realize bit is business, this think business built important construction has as reliant of our we thirds do new been

of the part of key of So do. types various we is and those the assessment maintenance assets a what assets of existing

really are and co-compliance services around regulatory Our compliance.

So past, a in tighter situations economic done been really -- I'm reduction our in business where fairly not well cycles, has we've I'm -- -- sorry done there's in a the well.

demand pent-up you with might not drive think as think far, space tightening and commercial that over driving mention to I COVID and But I got the last the that typically years, space it just be haven't also so commercial that space. there's might I I the space and stuff. are two to honest. space think, the bit -- seen that warehouse what have about we in in logistics a of the some whole is quite commercial continuation well, in the impacts really And

you are So we think And a that just do I we of work. where bit remind quite there. we're comfortable, maintenance

we're think I forward. I think -- comfortable And so going

somewhat are due tremendous well. estate property still market, environmental real condition and commercial high -- as assessment I rates transaction. think There's services a although diligence for interest estate drive the is real still

along. plod So that's to continuing

I'm -- sorry. state our -- private Our

their and, I are and well. and continued revenues and communities. really of state bridges Roads really Tax growth and parks, the investment healthy mean, remaining houses, as and and fueling as Our improvement some fire programs, municipal sidewalk nice growth libraries well. seeing markets

quite of we're in seeing bit growth well. So a areas as those

Chris Moore

Extremely it. Got helpful.

at your the guide? high-end there infrastructure the bills there Looking guidance. is any of Is -- built to revenue at tailwind the from -- into the any --

Joe Boyer

to our said infrastructure anticipating we're we the real in before and XXXX business late not into bill. as uplift to Chris, regards year a in this

guidance to that pickup and those end infrastructure bill programs any programs And doesn't from maintenance safety currently DoT, going think the work. driving anticipate and that high is state the the engineering I current of So fund preliminary we're existing our bill. and really our

that'll the that is answer current revenues work. numbers of significant current to our be anticipate from -- short our XXXX continuation But infrastructure answer in So the bill. a don't any the

Chris Moore

That’s I’ll jump Thanks, back it. Got line. guys. in helpful.

Joe Boyer

Thanks, Chris. Appreciated.

Operator

Our next Please question proceed Ramirez your comes with Davidson. with from Jean question. D.A.

Jean Ramirez

Ramirez Brent is Good for John morning. Thielman. This

Joe Boyer

Jean, Hey, you? are how

Jean Ramirez

Good. due that infrastructure increase question the above to delayed thank agency new costs any Coming impacted you? are How -- my in being And first Are estimates? project? flow you. has of an

Joe Boyer

That's a really question. great

seeing are the of and project that Georgia. happened think of I project, we Georgia the I projects is, the well. estimates. current -- as short moving around XXX because the some around in answer And rephasing is that's I-XXX some They know

challenge So a another these But you state just tell that currently and I the activities. moves around phasing it as costs activities, with they move to the definitely DoT's from being is being increased to projects, their will project.

but have may the slowed projects they on to large propose around, yet. down current hasn't moved really opportunities So

Jean Ramirez

strong any mentioned, public. you Thank But seen it say you've private in margins. just you. the was color could sector? the give Are there sector, to any that more private weakness? you. Thank you up us the you regarding And from signals As follow pretty on that

David Quinn

this Quinn. is it's so Yeah, -- David

any real We haven't yet. impacts seen

and our We've successful if commercial projects. steady, seen improving, work. hitting on And we've opportunities to not fact, In pricing. win continuing been we've raised

for us to that So be are, continue in to business. drive able all to signs the we're going margins the

the the growing year. and the point efficiencies. And percentage XX.X% at or look driving full being the at for you targeting things almost guided will to If margin beyond on support we're all pricing in expansion, increases X.X aggressive revenue this we've operational driving, whole

Joe Boyer

as mean, slowdown labs said. aren't let sector the Dave So earlier, said add just I are really commercial as just any in to construction really me the aren't construction seeing seeing, -- that, I’ll We activities, I currently. mentioned on high.

do mentioned, that's I there. of I lot As think pent-up a demand

manage to and seeing relationships who and existing X-Eleven, Sam's take and are compliance customers of existing warehouse customers developers of We and new like growth seeing really us really And issues and environmental our leveraging a in entire to regions. in -- in, new on of using and, our that driving like we're geographies. into new management consolidation taking their sort relying to Atlas clients logistics and really experience really of projects to some us vendors and and are really

Jean Ramirez

I Okay. much. the time. jump Thank you in so back queue. appreciate I'll the

Joe Boyer

you. Thank

Operator

comes Please from Noelle question question. with proceed next Stifel. your Dilts with Our

Noelle Dilts

acquisition a And a thinking you're about are specifically like assessment these it's sort kind assessing on pipeline. supply how And Thanks. when you right bit your Expand labor of challenges with targeting, of of companies changing chain, the deal, how if just now? things And looking if your some that. how they're deals you're you're dealing process? at around

Jonathan Parnell

Noel. Hey

deals the similar what doing similar So is we're certain or the of very doing, looking to in what Atlas at, region. of is areas lot to are Atlas a

been success on to able at that So we've have to similar getting make to increasing And what able Atlas. to we're they've their here and do not they're looking margins, prices. squeezed their been sure

So with progress to will our on finding deals. is M&A the pipeline proprietary of active. opportunities We're continue And strategy. plenty make still

Noelle Dilts

big great. then that your -- shift sort to Okay, speak projects. expect to that to just do could also pipeline? then Do project direction move in you to you're this XXXX? there's And in you Thanks, get expect that larger backlog awards Obviously, you additional as of you been opportunity continue through toward the come

Joe Boyer

Noelle.

strategy. of part a that's our As you know, always been

articulated think right. very the since we've beginning, I that clearly

as complex capabilities, to programs. have more us sense increased and more our makes this projects pursue think for I marquee grown, platform, of head just we So it and

legacy and doing clearly company. That's So we'll the that. really our do successful integration to of at from continue been that. our We cross-selling from part extremely the strategy. We've feel,

turning front of that's away strategy. is we're of customers. our continue. part There's have still in of say, We existing small projects. So tremendous it opportunities nice our not That's also a from amount it And from me. small got clearly projects continued to our a company

think thing important like material and though, to Because that's would larger projects more understand. I for don't us work one risk, it's that time And for us, I able mean to light, note, really to asset on part. intensive still and there. labor still labor have handles cost our the that and it's it's most we labor to control being work still and throttles

We're risk. this not additional not no -- is except it's So an EPC.

We’re not taking very firm service areas of four fixed price, our still we time and strictly large and report, that cost materials know reimbursable, well. our lanes in do

part a our customers growing still So and Noelle, new regions, then as and services well. into taking large of pipeline, new pursuit and our we're existing

Noelle Dilts

Perfect. Thanks so much.

Operator

next question. your comes Kathryn with Thompson Please from Group. question with Thompson Research Our proceed

Kathryn Thompson

Hi, thanks.

question. the from last on following Just

think to projects, the larger As quarters? Atlas [ph] starts which do about subcontractor and chair the these past we stepped win how two up use has in

Joe Boyer

let -- me So

Kathryn Thompson

these managing for about know projects. larger just subcontractors Really

Joe Boyer

a it's good. really think I Kathryn, really, Yeah.

or DBE these larger we minority all think of is out. at our a subcontract work pursue, we I component, work need projects to in certainly what percentage of stipulates that of [ph] for there a most

off what I here, there, and think the know little of it's I and drove that a since in quarter. that first quarter significant usage large project subcontractor geotechnical in drilling you've the last so that really seen quarter two quarters, and fourth

margins our out. us and think those subcontracted opportunities services though, still many there's are keep the So better as as than overtime, in-house you'll year, trying focused see for to of over I on deliver

anticipate from I requirements, we of currently additional and contract where So, work any don't subcontracting are. need outside out

Kathryn Thompson

and several this resonating evolution LA as is grow you and Okay, add touched great. your your project, with Penn Metro continue firm -- on develop is the in and platform customers capabilities? Station. services, larger to to which projects, like And your How continue With an and also the company. stakeholders you're you

Joe Boyer

have and let me shareholders, our array with keeps well. relationships comfortable favorably services, to deliver opportunities pursuing existing are of And able grown an believe those geographies, our it's investors. list and our and with go offering, us going. Kathryn and wide We customers customers we've our a They've expanded some been from as larger extremely received relationships in new work of more as I to do stakeholders just been projects, -- of think I that using an Well, our that.

on we our platform I rely think although do national experts. of

We that deliver work we have a our from. technical organization

And to local and on local to key time. them resource so to at job. driving to still and the rely trying the is job capabilities really relationships. relationships, technical our those our right using of businesses the then right bringing right We and technical bring That's having the the have all

Kathryn Thompson

Okay.

how do see chain. my to customers, forward of How you you're supply supply are three but isn't has services company, ago? last also so and Listen, then work been versus you journey challenges worse, unchanged to complete that it a really are going remainder with the like six ongoing months Finally, question. you supply chain immune you for And of for far some jobs year? and as not key ’XX the the mentioned with any better chain who your or

Joe Boyer

chain it in schedule. project supply widen direct Yes, us personally, there to which impact I would to But challenge delay a a markets are mentioned, say is a as significant us. may it's or you not

in mentioned ago, projects do in that caused those since regards to slowdown a being landfill And particularly the moving. to two work. there able inspection Midwest that, think us that, liner are in I and liners, has quarters for that I to on, in on month delay really moved two was do projects about us, a landfill

would that. months market, think getting challenge, ecstatic new market, we're of project this so little that. and ordered hit getting there see the those kinds do And just We missing we delays for to significant add quite of going I'm driving about tanks, a retail our vehicles we petroleum petroleum us some just regard, our that our where anything, and or we of and ago, to But bit also outside resources. had bit in got issues some recent are have regards I'm work to own that. We don't you of as in just trucks that gas just stations six retail in issues a are delivery then there. to there delays I of we

Jonathan Parnell

forward. think worsening by means expect going any Well, we don't a I don't significant

So able experienced. been that have to EPC of impacts other chain I think, firms we've commodity dodge supply sort might side

Joe Boyer

only And is, Pacific a in that any pretty forward pick first thing have we I've quarter, challenges I'd did going don't concrete in are been I now some It's that the add strike outside that the But projects caused that -- to impacts Northwest of to the those I up resolved think Northwest. in the mentioned. good change. us Pacific and they additional don't accelerated see I being said, other

Kathryn Thompson

Thanks much. so Perfect.

Joe Boyer

Thank you, Kathryn. it. Appreciate

Operator

end session. turn reached comments. I'd for to the like Boyer Joe back closing We've over of the now question-and-answer to call the

Joe Boyer

you, Appreciate for continued our Atlas. you to And And progress everyone today. do support your to want look on operator. We us going thank joining that. forward. appreciate Thank I of forward updating

So thank great afternoon. you. Have a

Operator

This concludes conference. today's

your lines this you You And at time. may participation. disconnect thank we for your

Atlas Technical Consultants (ATCX) 11 May 222022 Q1 Earnings call transcript