Hello, and welcome to the Atlas Technical Consultants first quarter 2022 conference call. Currently, all participants are on a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, you may press star zero on your telephone keypad. 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. Good morning, and thank you for joining us. We hope that you've seen our earnings release issued after market close yesterday. Please note that we have also posted an updated investor presentation which can be found in the investor section of our website at ir.oneatlas.com. Before we begin, I'd like to remind you that today's call may include forward-looking statements. Any statements describing our beliefs, goals, plans, strategies, expectations, projections, forecasts, and assumptions are forward-looking statements. Please note that the company's actual results may differ from those anticipated by such forward-looking statements for a variety of reasons, many of which are beyond our control. Please see our recent filings with the Securities and Exchange Commission, which identify the principal risks and uncertainties that could affect our business, prospects, and future results. We assume no obligation to update publicly any forward-looking statements. In addition, we'll be discussing or providing certain non-GAAP financial measures today, including Adjusted EBITDA, Adjusted EBITDA margins, adjusted net income, and Adjusted EPS. Please see our earnings release and filings for a reconciliation of these non-GAAP measures to their most directly comparable GAAP measure. I'll now turn the call over to our CEO, Joe Boyer. Thank you, Jonathan, and I appreciate everyone joining us today. On today's call, I'll provide an overview of our first quarter results and an update on our strategic priorities, including the benefits we are seeing from our recent acquisitions. David will continue with the discussion of our first quarter financial results and our outlook for the remainder of the year, and then we'll open up the call for questions. The first quarter was a strong start to the year for Atlas, with 10% revenue growth, including an acceleration in organic growth, 13% Adjusted EBITDA growth, 24% backlog growth, and the completion of two strategic acquisitions. Operating results in the quarter were in line with our expectations given our normal seasonality, and we believe we are on pace for continued revenue growth, margin expansion, and improved cash flows leading to another record year for Atlas in 2022. In the first quarter, we enjoyed a robust 6% organic revenue growth rate, which was driven through a combination of solid end market fundamentals and the strong backlog growth we generated in 2021. Additionally, we continue to see benefits from the acquisitions we completed over the last several years as we offer our customers a broader set of highly technical services across all our key geographic regions. I'll come back to this shortly with more specific examples of how our acquisitions are contributing to our organic growth. Backlog at the end of the quarter reached another record level at $851 million, up 5% from last quarter and 24% from last year, driven by continued organic backlog growth and contributions from acquisitions. Our awards continue to be driven by environmental and infrastructure markets from both our public and private sector customers, supported by secular trends such as the aging of the nation's infrastructure and an increased focus on environmental sustainability. Beyond our current backlog, we have approximately $110 million of awards pending contract execution. This figure is lower than the last several quarters as we've had some very large outstanding contracts convert into backlog, such as the $50 million Penn Access project we announced last quarter. This figure is likely to vary quarter to quarter, and its trajectory from one quarter to the next does not change our view of the overall end market environment. Last quarter, I indicated I was as optimistic as ever about the outlook and fundamentals driving our business, and I reiterate that statement today. Construction spending has hit record levels in recent months, driving demand for planning and permitting, engineering, project management, and testing and inspection services nationwide. We're seeing strong demand in our state and municipal markets as our customers' tax revenues remain healthy, and they increase the volume of program management contracts that will ultimately allow them to allocate additional funding related to the infrastructure bill over the next several years. On the private sector side of our business, with large national clients like Sam's Club and 7-Eleven, we're seeing continued demand as they invest in areas such as environmental compliance, clean energy, and the digital transformation of their assets. As we grow Atlas' scale, broaden and enhance our technical service offerings, and strengthen our geographic footprint across the U.S., we're seeing more and more potential to provide our services on larger programs and with more national customers. We recently announced an award with the Los Angeles County Metropolitan Transportation Authority to provide environmental capital construction support services for their major capital projects and property improvement projects over the next three years. The contract has a maximum value of $86 million, and we've booked $12 million into backlog with the potential for additional bookings as work is released and awarded by the customer. While we're excited about the potential magnitude of this project, we're also excited about what it means strategically for Atlas, as this was a prime example of cross-selling opportunities across our acquired companies. This is a high-profile infrastructure improvement program and another example of Atlas's ability to work on some of the nation's largest and most critical infrastructure and environmental projects. Now, I'll turn to our strategic priorities, an update on the progress we've made with these initiatives. As we look to drive organic growth, expand margins, continue to improve our capital structure, and drive overall value for our stakeholders, these priorities are at the foundation of everything we do at Atlas. First and foremost, we'll continue to utilize our broad service offerings and national footprint to capitalize on strong market fundamentals to drive organic growth. I touched on some examples of how we are executing our cross-selling strategy with major project wins and penetration with larger regional and national customers. Our strategy helped drive 6% organic growth in the first quarter. We remain encouraged by our new business pipeline and the opportunity for continued organic growth momentum throughout the year. Secondly, we remain committed to our M&A strategy. In the first quarter, we completed the acquisitions of TranSmart and 1 Alliance Geomatics. Each of these acquisitions not only strengthened our footprint in key geographic regions, but also added and enhanced the highly technical services that we can offer to our national customer base. Importantly, less than two months after these acquisitions, we're pursuing projects that we would not have been able to pursue without their technical expertise. To provide additional insight into how our M&A strategy contributes to Atlas's overall organic growth profile, I wanted to take an opportunity to give an update on one of our previous acquisitions. In August of 2020, we acquired Alta Vista, a provider of transportation-related program management, engineering, and inspection services. Not only has Alta Vista's EBITDA more than doubled since the acquisition, but most importantly, we've been able to leverage Alta Vista's track record and relationships combined with Atlas's national footprint and technical capabilities. This has proven to be a key factor in major wins for Atlas, such as the Penn Access project. Alta Vista has also strengthened our position with some of the largest state transportation agencies, such as Caltrans, as well as others in key regions. This is only one example of the successes we have enjoyed with our acquisition strategy, but provides good insight into how acquiring smaller companies with a specific technical skill set and/or regional footprint drives outsized growth for Atlas. Third, we remain committed to strengthening our capital structure and constantly evaluate all potential options that can help us drive shareholder value. We continue to expect improvement in this metric throughout the year and remain committed to reducing net leverage through a combination of organic growth, cash generation, deleveraging M&A, and other potential options that may become available to us. Fourth is our commitment to ESG. Atlas services are aligned with many of our customers' ESG goals, and we're committed to providing safe and healthy infrastructure and sustainable resilient systems through our comprehensive infrastructure and environmental service offerings. We recently completed a project to remove a 60-year-old levee on the Duwamish River outside of Seattle to restore natural salmon habitats that will allow young fish to mature before moving back into the ocean. Projects like this are increasingly driving our customers' investment decisions, and we are well-positioned to capitalize here. Additionally and internally at Atlas, we're in the process of finalizing formal ESG reporting metrics and goals and are looking forward to releasing our first annual ESG report in the upcoming months. We believe these priorities and initiatives are the key factors for Atlas to drive value to all shareholders, and we'll continue to update on our progress going forward. With that, I'll turn the call over to David to provide details on our financial performance and outlook. Thanks, Joe. Before I begin the discussion of our quarterly performance and outlook, I'd like to point out the new detail we're providing in our income statement. As you've likely seen in our press release and 10-Q, we've adjusted the way we report revenue and expenses. We believe this breakout provides additional transparency into our business and will help investors understand how growing our scale will ultimately allow us to drive margin performance going forward. Turning to the quarter. Gross revenue of $135.2 million in the first quarter of 2022 was up 9.7% compared to the prior year quarter, driven by 6% organic growth with strong performance in all of our service areas, as well as contributions from acquisitions. Gross margin was 46.8% in the quarter, down modestly compared to last year due to a greater percentage of subcontractor costs in the quarter. Excluding subcontractor costs, which would compare to our net revenue metric, gross margin increased 20 basis points compared to last year to 57.9%. This increase is the result of our disciplined pricing strategy over the last year and improved utilization of our workforce. Adjusted EBITDA was $16.5 million in the quarter and was up 13.4% from last year and represented 12.2% of gross revenue and 15.1% of net revenue, both higher than last year. This was driven by the solid operational performance I mentioned, benefits of growing our scale, as well as improved management of overhead costs. In our new reporting format, you can see the breakout of personnel costs and benefits, which represents the majority of our overhead costs. This metric declined over 200 basis points as a percent of gross revenue from the prior year quarter and in our view, provides insight into how Atlas is benefiting from an efficient cost structure and operating leverage as we continue to scale. For the fourth quarter, we produced adjusted net income of $900,000 and adjusted EPS of $0.02, versus $4.8 million and $0.14 in the prior year quarter. The variance in year-over-year net income and EPS was driven primarily by the conversion of our preferred equity into our unitranche structure in Q1 of 2021. In that period, we had $5.9 million preferred dividend that did not impact net income, which in this quarter is now reflected in our interest expense. Moving on to our cash flow and balance sheet. In the quarter, we had a cash use from operations of $16 million. As Joe mentioned, there's a normal seasonality in our operations, with first quarter being the lowest and building throughout the year. This is also the case for our cadence of cash flows. You can expect to continue to see a use in the early part of the year, followed by a steady increase through Q2 and a strong contribution in the second half of the year following our higher volume quarters. Improving working capital management is a key priority for us, especially as we bring acquired companies onto the Atlas platform. Based on our outlook, we expect a strong year of cash generation with full year free cash flow exceeding that of 2021. Net debt at the end of the quarter was $508 million. The increase from the end of the quarter was primarily related to the debt associated with the acquisitions we completed in the quarter and working capital needs due to the seasonality of our business. Our bank covenant ratio, which includes cost efficiencies and pro forma EBITDA from acquisitions, was 5.7x, up from 5.4x at the end of the year in 2021, and down a full turn from 6.7x in the same period last year. We've demonstrated excellent progress over the last 24 months in simplifying and strengthening our capital structure, and we'll continue to drive improvements through the balance of 2022 and into 2023. Moving on to our outlook. We are reaffirming our revenue and Adjusted EBITDA guidance for 2022. We expect 2022 revenue to be in the range of $580 million-$620 million, an increase of 10% at the midpoint as compared to our 2021 results. This outlook reflects the continued strength of our backlog and visibility on the timing of work, the strong market tailwinds we see, and contributions from acquisitions. We anticipate Adjusted EBITDA to be in the range of $84 million-$90 million. At the midpoint, this represents growth of 19% or 100 basis points of margin expansion as compared to our 2021 results. We are also keenly focused on driving our cash flow throughout the year and as I mentioned, expect improved cash flow results over the next several quarters, especially as we get into the latter part of the year. We are extremely excited by this growth potential for our business moving forward. With that, I will now turn the call back to Joe for closing remarks. Great. Thank you again, David. We had a strong start to 2022 with accelerated organic revenue and Adjusted EBITDA growth and another quarter of record backlog. We're building on the momentum we gained over the last several quarters and are on track for another record year in 2022. Our focus is capturing the opportunities that are available to Atlas, both organically and inorganically, driving efficiencies in the business, and improving our capital structure. I'm extremely proud to represent our many employees who are fully committed to delivering mission-critical projects in the U.S. in a safe and sustainable manner. Thank you again for joining us. Operator, we can now open up the lines for Q&A, please. Thank you. At this time, we'll be conducting a question-and-answer session. If you'd like to ask a question, please press star one on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star two if you'd like to remove your question from the queue. We ask that you please limit to one question and one follow-up. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. One moment, please, while we poll for questions. Our first question comes from Rob Brown with Lake Street Capital. Please proceed with your question. Hi. Good morning, guys. Nice job on the quarter. Hey, Rob. Good morning. Good morning, Rob. Thank you very much. Thanks, Rob. Yeah. First question is about some of the nice contract wins you had in the quarter, and I think you've alluded to some cross-selling efforts that helped those. Maybe what sort of drove some of those contract wins, and what were you able to do to help get those over the line? Rob, I you know really, it's just a continuation of our overall strategy. I mean, we built this company on the basis of really adding a platform, bringing on really solid companies onto the platform with additional technical capabilities, relationships, and then being able to leverage those relationships and combine them with the Atlas current capabilities to pursue larger opportunities. Rob, we've been able to do that, and that's really been the key to our organic growth and our growth in the quarter as well. We've had successes in the cross-selling, the continuation of really gaining revenue synergies. We are also and that's the case with LA Metro. That was the case, Rob, with the win at Penn Access. We've also pursued some really nice opportunities during the quarter that are, you know, we're still pursuing, haven't heard on. You know, some nice opportunities in the Mid-Atlantic around transportation. Then, using some of the recent capabilities of Transmart, although we just bought them 2 months ago, we're already pursuing opportunities that we would not have been able to pursue without their capabilities. You know, those California rail opportunities, which we're doing significant relationship and technical capabilities combination from legacy acquisitions as well. Georgia transportation opportunities, commercial development opportunities from the Northeast all the way to the West Coast. So that's really what we're doing, Rob, as part of this strategy, and we've been successful at being able to do that. Okay. Great to see. In terms of some of the margin trends here and maybe what you're seeing in terms of labor price inflation, I think your guidance would imply some improvement gross margin. How do you see that playing out at this point? Yeah. Great, Rob. Again, fortunately, we're a 90% cost reimbursable business, and as we said in the past, we've been actively increasing our pricing with our clients, which is evident in the margins we're delivering. If you look at our EBITDA margins this quarter versus a year ago. If you look at our gross margins on labor, they're also up. You know, we still look at the labor cost inflation as being transitory, but we've been really effective in building and pricing and driving our margins up. Okay, great. Thank you. I'll turn it over. Our next question comes from Chris Moore with CJS Securities. Please proceed with your question. Hey, good morning, guys. Thanks for taking a couple of questions. Yeah, maybe just a- Morning, Chris. Good morning. On the kind of the macro challenges. A little bit longer term. It's, you know, does a much higher interest rate environment have an impact on any specific areas of your business, you know, from a kind of a customer demand standpoint? Chris, that's a good question. Let me say that. I think it's important to realize that, you know, as we've built this business, this business has never been reliant on new construction to drive our growth. We do quite a bit of work. Maybe 2/3 of our work is around work being done on existing assets, right? The maintenance of existing assets, and the assessment of those varying types of assets is a key part of what we do. You know, our services are really around code compliance and regulatory compliance. I'm not. You know, we've done really well in the past in situations where there's been a reduction. I'm sorry. In a tighter economic cycles, our business has done fairly well. I think, you know, what you might think about is the commercial space typically might have some, you know, some tightening in the commercial space. We haven't seen it so far, I gotta be honest. I think there's quite a bit of pent-up demand in the commercial space with, you know, the COVID impacts over the last two years that are really driving that continuation in that space as well. Not to mention, you know, just the whole drive and logistics and, you know, warehouse space and that stuff. I think we're comfortable where we are there, and just remind you that we do quite a bit of maintenance work. I think, you know, I think we're comfortable going forward. I think the commercial real estate market, although interest rates are high, is still tremendous. I'm talking about real estate transactions. There's still a tremendous drive for, you know, environmental due diligence and property condition assessment services as well. That's continuing to plod along. I'm sorry, our state and municipal markets are seeing some really nice growth as well. With tax revenues remaining healthy and really fueling continued investment in the growth of their communities. You know, roads and bridges and parks. I mean, sidewalk improvement programs, firehouses, and libraries as well. We're seeing quite a bit of growth in those areas as well. Got it. Extremely helpful. You know, looking at the revenue guidance, is there any tailwind from infrastructure bills built into the, you know, high end of the guide? Chris, as we've said before, you know, we're not anticipating a real uplift in our business till late this year and into 2023 in regards to the infrastructure bill. The high end of our guidance really doesn't anticipate any, you know, current pickup from the infrastructure bill. You know, I think that, you know, the bill is gonna fund existing state DOT maintenance and preliminary engineering and safety programs and those programs that we're currently driving our work. That'll be a continuation of our current work. The short answer to that is our current numbers don't anticipate any significant revenues in 2020 through 2022 from the infrastructure bill. Got it. It's helpful. I'll jump back in line. Thanks, guys. Thanks, Chris. Thanks, Chris. Appreciate it. Our next question comes from Jean Ramirez with D.A. Davidson. Please proceed with your question. Good morning. This is Jean Ramirez for Brent Thielman. Hey, Jean, how are you? Good. How are you? Going with the first question. Thank you. Are any infrastructure being delayed due to an increase in costs above agency estimates? Has that impacted the flow of new projects? That's a really great question. I think the short answer to that is we are seeing some moving around and rephasing of some projects because of the current estimates, and I know that's happened in Georgia around the Georgia 400 project, the I-285 project as well. That is being definitely a challenge to state DOTs as they move around and phasing their projects with the increased costs currently being from bidding activities. I will tell you the activities, it just moves to another project. It may have moved around, but the current opportunities to propose on large projects really hasn't slowed down yet. Thank you. Just to follow up on, you know, margins. Are there any signals that you're seeing from the private sector, any weakness? As you mentioned, you said it was pretty strong in the public, but could you give us more color in regarding the private sector? Thank you. This is David Quinn. We haven't seen any real impacts yet. In fact, we've seen, you know, steady, if not improving, bidding opportunities on commercial work. We've raised our pricing, and we've been successful in continuing to win projects. You know, all the signs for us are that we're gonna continue to be able to drive margins in the business. If you look at the things we're targeting beyond growing revenue and driving pricing increases, we're being aggressive on driving operational efficiencies. This all in the whole will support the almost 1.5 percentage point margin expansion we've guided to at 18.1% for the full year. Let me just add on to that. As David said, we really aren't seeing, as I mentioned earlier, really aren't seeing any slowdown in the commercial sector currently. I mean, the construction activities, construction labs are high. As I mentioned, I think that's due a lot to pent-up demand there. You know, we are seeing growth in really some of our existing customers using and leveraging relationships and our experience to take us into new geographies. We're seeing that in really sort of logistics and warehouse developers taking us to new projects and existing customers like Sam's and you know clients like 7-Eleven who are really driving really a management of the consolidation of their vendors and relying on Atlas to really manage compliance and environmental issues in entire new regions. Great. Thank you so much. I appreciate the time. I'll jump back in the queue. Thank you. Our next question comes from Noelle Dilts with Stifel. Please proceed with your question. Expand a bit on your acquisition pipeline, and just sort of how you're thinking about deals right now. You know, specifically when you're looking at deals, you know, how are you assessing if the companies you're targeting, how they're dealing with some of these challenges around labor, supply chain, things like that, you know, and if it's kind of changing your assessment process. Thanks. Hey, Noelle. A lot of the deals we're looking at are very similar to what Atlas is doing or similar to what Atlas is doing in certain areas of the region. We're looking to make sure they've been able to have success in increasing their prices, and they're not getting squeezed on their margins, similar to what we've been able to do here at Atlas. The pipeline's active. We're still finding plenty of opportunities with proprietary deals, and we'll continue to, you know, make progress on our M&A strategy. Okay, great. Could you also speak to your, just sort of the project opportunity pipeline? Obviously, there's been, you know, this big shift in, your backlog toward larger projects. You know, do you expect that to continue to move in that direction, as you know, get additional awards through 2022? Thanks. Noelle, as you know, that's always been a part of our strategy, right? I think we've clearly articulated that since the very beginning, right? I think as we have grown this platform, increased our technical capabilities, it just makes more sense for us to pursue more, you know, more complex and marquee projects and programs. We'll continue to do that. That's clearly part of our strategy. We've been extremely successful at doing that, we feel, really from the integration and the cross-selling from our legacy company. It clearly is a continued part of our strategy. There's nice opportunities in front of me. That's also to say, you know what, we're not turning away from small projects from our existing customers. We still have our a company that's got a tremendous amount of small projects and continue. I think one thing I would like to note, though, that larger projects to us don't mean more risk. That's really important. Mm-hmm. To understand because it's still time and material work for us for the most part, and it's still asset light, and it's still, you know, labor-intensive work that we have, you know, throttles and handles on being able to control our labor and labor costs there. No additional risk. This is not an EPC. We're not taking firm fixed price larger work. Cost reimbursable, time and materials, still strictly in our lanes of our core service areas that we know and do very well. Still a large part of our pursuit pipeline, Noelle, and then we're taking our existing customers and growing into new regions and new services as well. Perfect. Thanks so much. Our next question comes from Kathryn Thompson with Thompson Research Group. Please proceed with your question. Hi. Thanks. Just following on from the last question. As Atlas starts to win these larger projects, how do we think about subcontractor usage here and, which has stepped up in the past two quarters? Let me- It's really just more about managing subcontractors for these larger projects. Yeah. Kathryn, I think it's a really, really good. You know, I think for all of these larger projects we generally pursue, there is a, you know, minority or a DBE component, in most of our work that stipulates, you know, what percentage of work we need to subcontract out. I think in the last two quarters, what you've seen since fourth quarter and the first quarter here, we had a large, geotechnical and drilling project at INL that really drove significant subcontractor usage in there, so it's a little off in that quarter. Over time, though, over the year, I think you'll see we're still focused on trying to deliver, as many of our services and keep those opportunities in-house as there's better margins for us than subcontracting out. Outside of contract requirements, I don't anticipate any additional need in subcontracting out work from where we currently are. Okay, great. You also touched on larger projects, you know, the LA Metro project, Penn Station, and you continue to grow the platform and add services, which is, you know, an evolution in the firm and company. How is this resonating with your stakeholders and your customers as you continue to develop in your capabilities? Well, let me... I believe it's been extremely favorably received from our shareholders, our stakeholders, our investors. I think just being able to deliver a wider array of services and using our existing relationships with our customers and in offering a, you know, an expanded list of opportunities keeps those relationships going. We go to new geographies, Kathryn, in that, and I think some of our customers do have larger projects, and as we've grown, are more comfortable with us pursuing that work as well. I think although we, you know, we do rely on our national platform of experts, you know, we have a technical organization that we deliver our work from, and so trying to bring the right technical resource to the job, we still have and rely on local relationships. That's really the key to driving our business is having those local relationships and then using all of our technical capabilities and bringing them to the right job at the right time. Okay, finally. My last question. Listen, you really are a services company, but you're not immune to some of the ongoing challenges with supply chain, as you complete jobs and work with your key customers who are also managing supply chain. How has that supply chain been for you so far in 2022? Is it any better, worse, unchanged versus 3-6 months ago? How do you see it going forward for the remainder of the year? Yes, I would say, you know, as you mentioned, supply chain is not a significant challenge to us personally. It may delay or widen a project schedule. But there are markets in which it's a direct impact to us. I think I mentioned two quarters ago in regards to landfill liners, particularly on projects in the Midwest for us, there was a slowdown on that. That really caused about a two-month delay in us being able to do landfill liner inspection work and to do that. That has since moved on and those projects are moving. You know, we have a little bit of challenge just getting vehicles just for us, our own resources. We just had our recent delivery of trucks that we ordered, I don't know, six months ago or so. We got it, so we're ecstatic about that. I think also our petroleum market. We do quite a bit of work in the retail petroleum market, and there are some delays there in regards to getting new tanks at retail, you know, gas stations and those kind of issues are driving some project delays there. But we don't see significant issues outside of that. I'm just gonna add. Anything I'm missing, guys, that you would add to that? Well, I don't think we don't expect a significant worsening by any means going forward. I think, you know, I think we've been able to dodge sort of supply chain commodity side impacts that other E&C firms might have experienced. Yeah, I think the only other thing I'd add to that is, you know, we did have a concrete strike in the Pacific Northwest that caused us some, you know, some pretty good impacts in the first quarter in the Pacific Northwest. It's now been resolved and projects are being accelerated to pick up that change. But like they said, I don't see any additional challenges going forward outside of those that I've mentioned. Okay, perfect. Thanks so much. Thank you, Kathryn. Appreciate it. We have reached the end of the question and answer session. I'd now like to turn the call back over to Joe Boyer for closing comments. Thank you, operator. Appreciate that. I wanna thank everyone for joining us today, and we do appreciate your support of Atlas, and look forward to updating you on our continued progress going forward. Thank you. Have a great afternoon. This concludes today's conference. You may disconnect your lines at this time, and we thank you for your participation.