ATCX - Earnings call transcript Q2 2022 | Atlas Technical Consultants Inc

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Operator

Hello and welcome to the Atlas Technical Consultants Second Quarter 2022 Conference Call. [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. Thank you.

You may begin, Mr. Parnell.

Jonathan Parnell

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

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

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

Joe Boyer

today. of I updates year open quarter financial with On the Thank and for in you, provide and call, continue core then seeing call us of results, overview results the I our questions. today’s up second Then our for the joining second outlook will David our priorities. will and on strategic quarter we and our of we’re the remainder what Jonathan everybody appreciate an will our markets, discussion

the a here backlog. national our EBITDA, successes The for build was with mission-critical high-value technical acceleration strategy seeing cash we leader both are of in second our generated clearly in infrastructure and EBITDA revenue and and record record to with XX% revenue, typical strong levels improved U.S. to the another results line we all environmental to adjusted growth, in In margin XX% services growth, These the flow quarter, to markets sequential Atlas organic growth quarter adjusted over backlog seasonal X%, revenue period in patterns. highlight including an and

several Our quarter the backlog as experienced by part X% the is in quarters. recorded our Fundamentals key clients, all in of transportation, in with over we’ve Atlas growth organic for growth driven organic end past in We The organic markets particular best the company. of saw expect favorable and our the quarter. to growth local growth government, remained and robust and strength forward. rates public drivers we the moving the key state, one remain power was quarterly strong growth which geographies we’ve revenue a quarter throughout

continue increased platform, benefits acquired also Atlas of the across services We services. see recently cross-selling to including from

more offering, technical me and marquee we the the services construction into services gaining leverage Idaho, relationship of clients please, to California, really had number on were with engineering In better inspection a and services of idea In testing share benefiting we have a that Caltrans, and longstanding a projects. greater As a our the added umbrella take the customer. to we under them our success provided contract, have increasing materials winning engineering statewide strength describe few minute scale with to This provide Atlas side success. let we Switching this environmental Again, business, environmental-related breadth we where line. where services. business this first have able Atlas, a certification we program example utilities. with our construction in private recently and service highlight mainly and projects utilities is our services. experience, we Southeast, with one-off in scale, inspection with leveraged To you $X to strategy nation’s we’re management previously how one inspection order a smaller state construction long-term key testing our have provided were engineering and and of service with the contract, of engineering million award master historically project in transportation-related provided an our awarded and a largest task a into additional have is our are the we services to capabilities where we of PCQM the basis, and on the and million customer $XX a services we quality cross-selling believe

our agencies. We’re services government also expanding with large national

been laboratories other and we’ve we of that testing, energy $XX Department scope our Energy Geotechnical largest and with million example, providing one are certification to sites of program its includes the which a of leverage hope For expanding inspection, the with services, country. to now Services across

cross-selling our are While believe it the benefits our only seeing they and are across examples the we of examples contributing strategy, these strategy highlight are how some platform. great Atlas is success of growth we with to where

revenue from from quarter subcontractor had margin This the at level performance costs. up record through excluding XX.X% last gross of pass is a when Backlog at offers and demonstrates strong a modestly high-quality inflationary of growth, to and Atlas our to $XXX our pressures pass-through last to million, the up addition reached In services testament to quarter margin we in our XX% quarter record end ability the year. another clients.

work talked As markets we service winning about across our all and of cross-selling, we have all of end are our with across lines.

customers themes sustainability to of their driven overall environmental efficiency the being to improve Importantly, and existing by we infrastructure. their secular continue our see improve long-term drive to as demand

contract $XXX have for billion. execution, backlog, greater the $XXX million of marking is significantly than we which had pending and the Beyond awards $XXX approximately of quarter, our last first these we million combination than the time is higher figures million $X

quarter demand quarter discussed, project due have to to of be which from the for forward. continue awards we a key wins, going to Atlas and and we figures expect large business to our lumpy As seasonality growth And driver can the of we in environmental-related the increased the impact backlogs as the our such be secular markets, to nation’s infrastructure the underlying for themes of year, on and environmental into as end and solid especially the see look second continue aging the driven transportation core focus by services, of half our sustainability. we

and in are positioned volatility are of on the navigate for services that we the cognizant markets, we to While demand believe be factors environment broader macroeconomic well impacting any composed certain risk we of may it our horizon. the the

conditions, build real commercial and we that piece our estate of are markets provide a First, construction, as end I’d relatively most higher business. general sensitive such transactions services new and macroeconomic that are to to note interest our small rates

growth and remains end one we the nature to as backlog Secondly, good and and demand of so given non-discretionary our existing and and of robust services are ongoing maintenance, do well probably of driven most business by Driving relatively exposure, for is believe organic of to assets economic pipeline cross-selling diversity in our the two-thirds to initiatives. our because priorities the our we most thorough are tied our services that resilient cycles. making compliance, they through position award testing, services are spending our importantly, as nearly market top a we regulatory tied provide,

technical growth, through service strategic offerings enhances organic proven geographic have strategy acquisitions. driving and Beyond that a we footprint broadens our and

teams are transportation can acquired TranSmart’s opportunities program. working electric the already services. NAVI places and engineering pursue to based we in national electric and And them or the strong vehicle billion the position service analysts TranSmart, our that these is we quality our we then cross-selling opportunities in playbook transportation being M&A will scaling infrastructure Georgia on structure, identifying across targets $X first of electrical and regional quarter, of with that systems be enhance into and expand on and engineering management about us the in customer currently capabilities national the vehicle Atlas their when here our the in key leverage of presence, business unique program. to intelligent charging Our employees, to blend base. funded offerings integrating infrastructure projects across opportunities position a types In our able are electrical to seeing formula for platform, expertise including talked their retaining

also quality to our Service environmental Pacific to acquisitions. Northwest. Group, building and construction Atlas in relationships Last acquired we assurance O'Neill a come premier We year, are to the services on firm based

them their were for across relationships a with large in Atlas seamlessly leveraging brought additional allow with through quality services, and to environmental, major infrastructure projects establish company. company that inspection to are strong will acquisition our the assurance, the provide alliance strategic U.S. us construction The alliance to them resisted on work We national with a infrastructure

modestly down shareholder second drive capital half our and quarter. constantly in we we total Leverage that in the committed are we the As our value. the our could earnings options strengthen robust of generation to grow, evaluating based ratio in remain for And quarters. We quarter. further continue the XXXX, from leverage was expect improvement structure last a debt coming on all and reduced forecast to outlook cash

drive that confident strategy growth leverage are will We and our M&A outsized our ratio. to continue improve

a have We candidates. M&A robust pipeline with proprietary

we continue maintain all any position of to a Atlas and we shareholders, our during and be partnership highly we disciplined for allocation cycle. that stages the pursue However, deleveraging, to continued strategy ensure accretive success will capital will will economic

hard. issued The well our In inaugural reiterate highlights report help the on our made as to as progress meet ESG customers I’d with as we ESG their June, report internally like Lastly, how a ESG. leading topics related commitment company our we’ve titled objectives. we to

sustainable details a how the workplace. closing financial we I shape I set come will provide and back will customers also that, that over on David how to call an a as have will cultivate remarks. and goals turn serve company our With and to David? and performance we We with responsible our operate few outlook outstanding and

David Quinn

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

backlog, the driven an gross quarter, of strongest revenue, of million EBITDA from excluding workforce, year record. record our This strong and in costs. This, and year. of support ongoing subcontractor mainly XX Year-over-year tempered disciplined our points points costs. and Adjusted expanded and as pricing was our to Joe basis retaining basis growth we margin on improvement of margin last our $XX.X by Excluding leveraging larger due costs, XX overhead subcontractor new in are and current by was XX.X% as costs was and in investing to represented XX.X% of fixed result however, compared discussed, up the fact quarterly projects. higher such driven as pending awards, was utilization This a personnel key to XX.X%, last traction workforce our increase was gross strategy. stronger execution, talent on by

second the of $X.XX increase of quarter, quarter. by produced the income of net For $X.XX was we adjusted of operating million and $X.X EPS mainly the we EPS mentioned. and million net versus adjusted adjusted adjusted results driven $X.X income Year-over-year improved in prior-year

Moving our flow and sheet. on to cash the balance

generated million we compared operations, quarter, $X.X year. and quarter cash second $X.X to the same this the was million from last of in During

flow the working we enter strongest the quarter strong performance as cash the Our in of capital increase. demands revenue-generating business represented quarter for where year our

levels of on capital the our cash at Net in we’ve in driving full-year cash half expect priority and with was in focused XXXX. million quarterly working to we improving quarter stronger $XXX to fourth our end management down key organization. the end of that of XXXX a exceed As of is Based all on continue from outlook, we’re XXXX quarter. flow of $XXX at quarter see flow previously, second us, the the for the this debt last and throughout discussed improvements third and million,

effectuated entered pro remains aggressive avenues agreement our last Atlas, capital ratio, eliminates Our early the X.Xx do to efficiencies improving includes portion quarter JPMorgan so. we our Also, the a EBITDA business downside overall and preestablished X.Xx our $XX structure XXXX, since rising rate XXXX. credit rate with forma X.Xx our uncertainty for $XX This caps robust of an growth X%. expanded extreme a Xst, in our bank the from covenant down an the recapitalization accordion rate of Chase, Blackstone a we suited risk the of path Chase, JPMorgan leverage looking of the significantly continue Again, result trajectory. we priority sheet better of and interest JPMorgan support and we as a feature capacity to interest to This in million. size recapitalized aggregate from capacity continued balance appreciate we’re increasing supports our our interest deleveraging Consistent enterprise deleveraging flexibility lenders, last early cost for and environment. Chase variable hedge via the top from million our to strong strategy. to in which and as of rapid-growth we with company when on revolving agreement decreased of Pursuing continually which week, to this, the for June into facility on expansion with acquisitions our and a financial execute continued

remainder we outlook outlook the adjusted for year, of the reaffirming Moving EBITDA our XXXX. on to and for revenue are our

in as $XXX million, outlook solid our midpoint and compared of the points increase expect technical XXX the our reflects to basis to work in revenue We of adjusted in visibility results. the This Joe our XX.X% XXXX expansion as results. to backlog on margin midpoint, the range this the million strength $XX and timing of million. of remarks. continued At of services, our be the to to be million XXXX EBITDA for and at anticipate compared as XX% discussed an of We $XX $XXX XXXX to growth demand represents range of his

on flow the year focused we especially moving part are driving enhanced throughout into flow We get the expect I keenly of mentioned, forward, and cash latter our as the year. as results cash

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

Joe Boyer

you, David. Thank

growth last business national I in great was We’ve made the to years year in accelerating both backlog. organically record technical going with and when prospects we of goal As and and great Atlas the provider formed and services We’ve mentioned growth call, earlier X about markets. adjusted leading through over several mission-critical this ago, revenue, progress a infrastructure organic excited both M&A build years the our the growing EBITDA, reaching nearly are quarterly of a to levels to had forward. start and environmental

safe, and sustainable of in now high we and to portfolio technical to our and the in lines and nation and run investing open are building our please. that that workplace for a joining are cultivating in strong efficient, Thank processes, culture, keep demand you We people services needed great can environmentally for manner. Q&A, up a Operator, are a it again us.

Operator

come Instructions] Our [Operator Moore first Chris question will from with CJS Securities.

go ahead. You may now

Pete Lucas

Hi, Pete Lucas It’s good morning. for Chris.

labor. for question to First relates me

Atlas And and it openings. a of job Is hearing your at a terms their then what And that gating customers? levels First, guys of labor side you in availability in like this in growth? do How is as view turnover, you factor significant you number are of at a point? looks question, from of your it terms impacting employee availability? terms growth have labor

Joe Boyer

often It Joe Boyer. has demand This to of today. stay recruiters that question. of Pete, just on business. in have And always and ever here. great and period done We COVID we thanks our that started And labor. said us relied ahead for since labor help since is an through fill going back positions of absolutely the in we’ve a job – we’re this we internally tight much our market for this, very been and I’ve

future into see steady a we going backlog nice and progression X. our of and X So Qs

have as and Our to force, steadily current we or hires to direct high, we along. go labor utilization adding X production and but we’re labor points labor that new that of labor in labor our demands, is still X our

and good outlook positions. filling our for our those labor we So about feel

their clients markets. in our from that labor. with for issues we on to their me projects to say with can’t their our restrictions Let labor, management clients to and I’ve services had I increased sector any demand them seeing say help on to are regards input I program public regards our due know in business

Pete Lucas

terms Very look to a guidance QX that your you a stated follow-up here. million, of terms we’re about And QX revenue. – $XXX range me million of Anything wide and on for you helpful, the can to thanks. $XXX in talk just into we’re from And QX? in you a cadence for couple

are what of you of the end any terms in not? wondering, QX focused whether specifically make are Just there? there And on that or in high wildcards range you

David Quinn

Great. Thanks. This is David Quinn.

So quarter you traditional the business, should meaning expect see for to strongest our profile quarter. our third typically is the

of our to with business let’s coming the momentum minimum, the then executed very continues probably year, guidance, a the backlog, the million closely see to $XXX Relative volume you’ll our going line as off for we first, not in the in to And bump see about the feel maybe strength mentioned. outlook second trail you’re So X% QX down of quarter that confident build. of QX. at more Joe the contract say,

So to That we good come year. not got of couple to this $XXX have the good of we’ve at line that larger great that? We’ve pretty Really going a of visibility about $XXX lot. feel a we what got could through But the influence range, on revenue. projects said, sight and end the it, online. point, are million

Pete Lucas

back Thanks. will queue. in helpful. Very the jump I

Operator

come from Our next Rob question Markets. with Street Capital Brown Lake will

ahead. now may You go

Rob Brown

on Hi, nice Joe. Dave. quarter. the Hi, Congrats

David Quinn

Thank you, Rob.

Joe Boyer

appreciate Thank that. I you, Rob.

Rob Brown

First the is pipeline. M&A question on really

things. I think you talked some about evaluating

environment that been valuation? And few to of get next active any at how point? a in there changes this wanted Just months, the how is it the do at sense how you Has see this over point. is

Jonathan Parnell

Yes. Rob.

So I’ll take that in two parts.

infrastructure the that’s space the been spending. Parnell, really nature is lot work way. And public There still due here the recently bill. much of obviously, by We is resilient months. bolstered recent to in of the in valuation – John terms by of haven’t change seen In a interest this

multiples, terms seen still opportunities we’ve all seeing we’re haven’t successful change of but along. right in valuation we a wheelhouse where in our plenty of been So

in In think going highly very say, we’re our to terms all we going base to know in and that disciplined have that in not being on continuing with we’re we our only the deals client pipeline pipeline of and existing have QX. shares proprietary situations focused to full we of strategy, M&A. deals I that we’re out going evaluate. a allocation It’s be say is saw shareholders that, be now with in And more however, forward, to some and a would we stock move activity I be capital deleveraging. ever, our through than a to to will jumping going volatility stages resilient to economic cycle. price lot of accretive like And it’s issue to fund safe our ahead forward

hope I Rob. that’s helpful, So

Rob Brown

point? That’s great. mills on back half? the the on forward? sort thoughts Thank nice labor What How of And do going you. your pricing second a flowing you at costs in And margins, this gross up stepping that quarter. question through increasing then see uptick in is and

David Quinn

Yes.

So, really came obviously, margins we We is on XX.X%, which gross to XX% pleased, an quarter for level broke all-time labor. are through for firm the in. where record the the

seeing think in cost quarter are a reimbursable demonstrating XX% I the what’s power we are the what is of pricing that we really organization.

client seeing been we instituting catch across increases have results. of the that aggressively really to are portfolio, up our We benefit now and the

than this we seeing been. workforce, increased higher are quarter, is In utilization by mentioned. across our excellent it’s several ever hundred as workforce Joe utilization addition, our and We

our Relative are is to driving efficiency to margins on sure. XX% labor, prove for we high. as gross Over up pretty see elite well. really So, out they are starting that

where versus we in it a I think pretty bit trying And mix some still are needle in points we contribution of the but see good be always You in But a had little and now. on well. are quarter. to to that X kind subcontractor see going range self-performance move you as X.X on gross, are point, a may range we continue right the will more to subcontractors, move of we flux this

Rob Brown

turn Okay. it I over. Thank will you.

Operator

question come Our Brent will next Thielman D.A. with from Davidson.

go now ahead. may You

Brent Thielman

guys. morning Good Thanks. Hey.

Joe Boyer

Brent. morning Good Hi.

David Quinn

Brent. Hi

Brent Thielman

to first quarter. is Nice up around nicely and approved pursuits slower conversion but longer just to looks awards your your lower. question. another explanation Are bookings guess that. just larger Maybe award? quarter, I you seeing were I be like that from pending It you or there take had of the maybe awards got get a to look backlog some pending

Jonathan Parnell

the say Brent, thanks very we can’t that are a awards. much. Really, I in seeing slowdown

quarter, does projects, that backlog signatures timing I but grew pending other the quarter-to-quarter. indicative about project not straight some saw anything than as of just million growth, those large some And think the we a $XX so or move to you awards the little of awards. it’s vary in

slowdown those moving from any seen in noticeable. anything pending haven’t to We backlog,

Brent Thielman

Yes.

this cash Okay. couple doing flow. quarters, adjusted the the This good Understood. Dave, you EBITDA are in you in probably puts operating anticipate second call I typically $XX-odd typical there changes over here expecting in at really million next XX%-odd And then, we that all? it, the which conversion, Is the to cash flow environment in dynamics you I mean guess of now half, in are that those generate anything dent leverage. right

David Quinn

half that of Yes, a environment. And are the probably say strong XX% the half closer Obviously, impacts but at some obviously, a it are and press the better to Brent, – rising interest probably of And back of But XX% we that, I are to inflationary with XX% rates tempering year. to than year. we will we something some cash looking the to which form in do kind to seeing we of going flow true would to the range. bit we XX%. impacts little second a will is in very thing, deliver are

Brent Thielman

Thanks Great. guys. Okay.

Operator

Johnson come will Don from Crist question next with Rice. Our

You may ahead. now go

Don Crist

Good morning How you gentlemen. are all?

Joe Boyer

morning. Hey. Don, good

David Quinn

doing? Don. Hey are How you

Don Crist

little question bit of my more for on industry. knowledge the a Doing and guess well. to, more I wanted I just ask Brent’s

lot they of were kind of ongoing around there. of cops situation towards kind there they kind in as that am and a have kind tight money customers, like recently, And slow shift influence contracts pay didn’t to far be could your with color go for come would to prices new but prices anything them if concerned you municipalities could all the down influenced back money curious helpful. to inflation gas And any have give could of municipality that projects? I a or amongst your as is As that. that of of more does gasoline buckets just be had awards And around know if you for I

Joe Boyer

Okay.

sort me the take Let of first part.

seeing I to seeing to and what some costs work is higher that’s inflation the of that of scale But around come we our in construction our lot budget stuff construction think infrastructure, of project done. the want Don, remind are back have of and so projects. that’s existing sort with put is projects costs our in might a budgeted. you than have maintenance has And out are around be in non-discretionary really, impacts we clients. They right a

and see the to come quite put that had match. another a that of We their continue for little markets, fashion match in to a projects to smaller stuff. have make to in a – and just they back in out scope smaller So, project, public sure, they retool bit it the sure and in in come out budgets municipalities

to, really that’s it are have in what So, our seen work. impacts but you only impact the to regards we doesn’t referring

sort can missed of of trying you in question? second our your I field, half still question. the And me – still work the the of second We are out – part to I am help You the on talking were along. about progressing

Don Crist

moved some kind etcetera. that to I municipalities else. money gas I than gas am contracts buckets $X were through $X been of police etcetera. impacted we know they of to departments, And And forward, seen have awarding of any to blowing that roads regards around didn’t maintenance reports if because that going of press whether have referring that budgeted, prices, more their budgets It’s releases the just have in more because etcetera, higher prices of or anything been

Joe Boyer

Yes.

Okay.

I that described add can say what to I than a that can’t there. I whole So, lot other have

the that public really don’t the steady we continuing insight I I coffers rolling clients, but – out. pockets and think I – I out. the money are their same, moving mean them I are been have the can’t to our we of seeing of come projects behind around into Don, have projects know full are

We management programs, of are do of the our their pieces lot under a infrastructure. the work existing to continuing MMIP maintaining

pretty and So, seeing public current any delays, moving particularly along, seems infrastructure any so. we steadily municipalities market, other projects aren’t in our

Don Crist

That’s have more don’t one believe I the there. of the specifically, a seeing going And demand appreciate early Are color projects I infrastructure all started could from if it good. I build kind just because And one slip of still lot from rolling yet? ‘XX infrastructure really quick in. you into those out

Joe Boyer

That’s correct.

we I through on quite think DOTs on. our continue seeing think mean as as more funding I we are projects, come on type I to that. XXXX municipalities hasn’t see I have a that said, impact planning business and the or but

it as business. impact to a seeing So, are our still XXXX we

Don Crist

the Thanks. queue. all back color. jump And appreciate I will in I

Joe Boyer

Thanks.

Operator

from will Dilts [Operator Instructions] question next with Our Noelle come Stifel.

ahead. You may now go

Noelle Dilts

Hi. Good morning.

bit a I at it revenues, little was of looking your forma lower. was So, pro percentage

curious your larger ramping are we why, that expect I forward given some think moving projects self-perform – Thanks. how work think you I on that mix you think these of talked about how about we some about guess project versus should outsourced should and moving reasons to forward?

David Quinn

solutions Yes. them. does will come Often, an and or activities bringing that we drive with and uptick projects bit quarter same subcontract to way that component. And on inflationary may to see On there our are No, a disadvantaged environmental our analytical here some geotechnical positive the where subcontracts, their chemistry the has note, we to solutions of on some government field work, our this have been business in have the and of And as seen larger on requirements they great lastly, support But looking are costs yes, some impacts a programs our drilling add Joe ramping start do along question. also we minority that I contracts recover of we it. work. are. platform.

worried too we versus it. the this XX% are about maybe running, So, been we XX% that quarter not where are have fact we

to We move, think are Joe? range from in XX% going to I quarter-to-quarter. that of kind XX%

Joe Boyer

think that. wouldn’t I anything I really other appreciable. Yes, anything don’t add than

on I changed some mix, more in think margins are have the regards little to our field of some work, right, a maybe contract bit work. geotechnical

So, to mixes I are that depending fields the on to and in Noelle, be. we the and XX% range what be be of just what projects think, in are going sort XX%, that’s – going and might between

Noelle Dilts

think thinking Got And some just with about Okay. of the an or have how Do work on any thoughts do? uptick or you you potential for lead looked tougher moving in could Inflation forward, corporations standards, then that Reduction work you are environmental facing be – into that? it. – on private Act, any may impacts given this regulations you that the to

Joe Boyer

that’s No, one like that and tell the infrastructure for fairly is are screen, just analyze the we still bill it’s question. great environment, see as new our more trying radar to bill, an I of it, Yes. will that. on instructor But right. we you it’s a

is whole well there There markets. is stations and perform in amounts block there I EV grants new there the in – So air [ph] pollution, charging well, in for is there there air are build mean climate that EV resiliency. we there, really of buckets monitoring tremendous as facilities. into

nice elements that of plays those of bill, services. just into we Reduction like feel, Inflation infrastructure Act, our all So,

still that, in analyzing an as of stages So, upside the potential going see it we forward. early but

Noelle Dilts

Okay. Thank you.

Operator

any to like back Boyer closing conference question-and-answer our Joe would the turn to remarks. I session. for This concludes over

Joe Boyer

Thank you our QX. joining everybody support appreciate Thank today. results And to in discussing and much. We forward look and QX much. your you very thanks very for us listen,

Operator

concluded. for The Thank you conference attending today’s has now presentation.

disconnect. now may You

Atlas Technical Consultants (ATCX) 11 Aug 222022 Q2 Earnings call transcript