Atlas Technical Consultants Reports Fourth Quarter and Full Year 2019 Results
Atlas Technical Consultants, Inc. - Class A (ATCX)
Company Research
Source: Business Wire
Achieves Record Full Year Revenue, Adjusted EBITDA and BacklogCompleted Business Combination with Boxwood Merger Corp and Began Trading on Nasdaq in February 2020 AUSTIN, Texas--(BUSINESS WIRE)--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.Highlights:Full year gross revenue increased 10.5% to $471.0 millionFull year net revenue1 grew by 25.1% to $377.8 millionFull year net income of $8.0 millionFull year Adjusted EBITDA2 grew 24.8% to $65.6 millionYear-end backlog of $601.0 million, provides a solid foundation for 2020 growthAcquired Long Engineering in February 2020 further enhancing Atlas’ engineering, testing and inspection service capabilities while increasing client relationships and presence in the fast-growing Southeast U.S. region“We are very pleas
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