Demand for testing and engineering services amid the pandemic
Applied Technical Services (ATS) provides a wide range of engineering, inspection, testing and training services to commercial and industrial customers. Despite the company offers a diverse range of services so that declines in one business line may be offset by stead performance in another, ATS encountered decreased demand across all of its business lines amid the turndown in macroeconomic activity since the outset of the COVID-19 (coronavirus) pandemic.
COVIDIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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