Recent News & Press Releases

Press Release

TRC Partners with "e" inc. to Support Environmental Science Education in Boston

Sponsors STEM Curriculum Initiative at Dorchester’s Mather Elementary School

LOWELL – JUNE 17, 2015 - TRC Companies, Inc. (NYSE: TRR) is proud to announce its partnership with “e” inc., a Boston-based environmental science education nonprofit that promotes science, technology, engineering and math (STEM) education and sustainability for K-8 students. TRC is supporting “e” inc.’s Kids Green Their School initiative at Mather Elementary School in Dorchester. The innovative science education program teaches students about conservation through a Zero Waste curriculum. TRC will also lead the voluntary Science Day at Mather Elementary School on June 17, 2015.

“TRC is committed to supporting the communities where we live and work,” said Chris Vincze, Chairman and Chief Executive Officer. “Organizations like “e” inc. and the initiatives they spearhead help inspire the next generation of scientists and engineers, and we are proud to give our resources to support them.”

TRC has created the program “So You Want to be an Environmental Scientist?” for the Mather Science Day. As part of the program, TRC employees will provide students with hands-on environmental science and sustainability activities that will expose them to STEM careers and environmental conservation.

“The “e” inc. partnership with TRC has been delightful,” said Dr. Ricky S. Stern, Executive Director. “We are teaching children in all grades about the science of energy and how they can conserve it at their school. With those ideas, TRC is helping the students really experience the science and learn what it’s like to make positive changes for our planet. The match between what TRC does day to day and the work of "e" inc. is perfect.”

TRC’s sponsorship of the Mather Kids Green Their School program includes a year-long commitment to science education with student-led action and conservation activities that will help the school become greener. The ongoing Mather project will help the school reduce waste. The initiative has introduced a double-sided paper program in every classroom that will reduce paper use by up to 30%; composting of the school’s kitchen waste to be utilized for the school garden; and a food re-use program that sets aside whole foods not used at lunch for anyone who wants food after school or to take home. The curriculum will be an ongoing program provided to the school through the 2015-2016 school year starting in August.

About “e” inc.

"e" inc. is an environment science learning and action center whose pairing of science education with community action leads to environmental change in urban communities. Its mission is to create dynamic environmental citizens committed to understanding and protecting the Earth. “e” inc. fulfills this mission by inspiring science competency and developing capable and confident individuals able to take immediate and sustained action to protect the planet. “e” inc. believes that determined young people, along with their care-givers and families, can change the shape of the global future through the use of knowledge and action. www.einc-action.org

Read More
Press Release

Kathleen M. Shanahan Appointed to TRC's Board of Directors

LOWELL, MA -- (Marketwired) -- 06/01/15 -- TRC Companies, Inc. (NYSE: TRR) announced today that Kathleen M. Shanahan, 55, has been appointed to its Board of Directors. Ms. Shanahan is Chair and Chief Executive Officer of URETEK Holdings, Inc., aFlorida-based geotechnical company.

"We are excited to welcome Kathleen to TRC's Board," said Chris Vincze, TRC's Chairman and Chief Executive Officer. "She has a proven track record as a leader in our industry and also has a breadth of experience on government and public policy issues."

Ms. Shanahan joined URETEK in 2011. In the past four years, the company has tripled revenue and expanded operations fromFlorida to 31 states. In her distinguished career she has also held a number of high-profile positions, including CEO of a $200 million environmental remediation and civil construction company, consultant to New York Stock Exchange CEO John Thain, and chief of staff to Florida Governor Jeb Bush. She has a Bachelor of Arts degree in Biochemistry from the University of California, San Diego and an MBA from New York University.

Read More
Press Release

TRC Wins National Award for Landfill Solar Array Reuse Project

Recognized for Photovoltaic Project Distinction with Client SunEdison

LOWELL – May 26, 2015 - TRC Companies, Inc. (NYSE: TRR) today announced that it, together with its client SunEdison, has been honored with a Photovoltaic Project of Distinction Award for the solar array project at the Sullivan’s Ledge Landfill in New Bedford, Massachusetts. The award recognizes innovative approaches to project design, technology, financing and community engagement. It is sponsored by the Solar Electric Industries Association and the Solar Electric Power Association and was given at the 2015 PV America Conference recently held in Boston.

“TRC is proud to be part of the award-winning Sullivan’s Ledge solar project team,” said Chris Vincze, Chairman and Chief Executive Officer. “Our experts deliver innovative solutions across the country to support customers and communities as they develop new sources of cost-effective, clean energy while transforming and reusing previously contaminated land.”

Sullivan’s Ledge, a former landfill owned by the City of New Bedford, is a Federal Superfund site. It is the first Superfund landfill to be developed in Massachusetts and one of the first to be developed in the United States. The site was fully remediated in the 1990s and this solar array is the first project for its reuse.

TRC aided the construction of the 1.75 MWDC array by providing full-time oversight to ensure the underlying landfill cap was not impacted during construction. TRC also developed the array Work Plan that was approved by all regulatory agencies and submitted the Final Work Plan Completion Report to the EPA.


generation Generation
Read More
ENR Top 500

TRC Maintains Strong Ranking on ENR Top 500 Design Firms

Engineering News-Record has released its annual ranking of Top 500 Design Firms, placing TRC at #32. The Top 500 issue includes multiple comments about the state of the industry from TRC Chairman and Chief Executive Officer Chris Vincze. Chris talks with ENR about business drivers in the energy sector including developments related to oil and gas pipelines, transmission and distribution and grid security. TRC was also ranked on the Top 20 Design Firms for the Power and Hazardous Waste sectors. For more information, please download TRC's coverage in the Top 500 issue.

utilities Utilities
transportation Transportation
oil gas Oil and Gas
industrial Industrial
government Government
generation Generation
commercial Commercial
Read More
Press Release

TRC Acquires Distribution Engineering Services Firm X-Line, Inc.

LOWELL, MASS. - TRC Companies, Inc. (NYSE: TRR), a recognized leader in engineering, consulting and construction management services to the energy, environmental and infrastructure markets, today announced it has acquired X-Line, Inc., based in Villa Rica, Ga. X-Line’s 37 employees provide distribution engineering and design services to customers in the power and telecommunications industries. Financial terms of the agreement were not disclosed. TRC expects the transaction to be accretive to earnings by Q1 of TRC’s fiscal 2016.

“The acquisition of X-Line will support TRC’s ability to capitalize on growing opportunities in distribution engineering and design,” said TRC Chairman and Chief Executive Officer Chris Vincze. “X-Line adds technical depth, experience and expertise, while reinforcing TRC’s leadership, management and reputation in this core business. X-Line’s footprint in the Southeast U.S. strengthens TRC’s presence in the existing markets of Georgia, Alabama and Tennessee, while also adding Kentucky, and brings opportunities to expand relationships with major clients in power distribution and telecommunications.”

“TRC’s national reputation, capital resources and corporate infrastructure provide a powerful platform for us to drive growth in our core competencies,” said Bryan Powell, CEO of X-Line. “We are excited to join the TRC team as we work together to capitalize on new business opportunities and drive and expand on existing relationships in the power and telecom markets.”

About TRC

A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, consulting and construction management firm that provides integrated services to the energy, environmental and infrastructure markets. TRC serves a broad range of clients in government and industry, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. For more information and updates from the Company, visit TRC's website at www.TRCsolutions.com and follow TRC on Twitter and StockTwits at @TRC_Companies and on LinkedIn.

Forward-Looking Statements

Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by forward-looking words such as "may," "expects," "plans," "anticipates," "believes," "estimates," or other words of similar import. You should consider statements that contain these words carefully because they discuss TRC’s future expectations, contain projections of the Company’s future results of operations or of its financial condition, or state other "forward-looking" information. TRC believes that it is important to communicate its future expectations to its investors. However, there may be events in the future that the Company is not able to accurately predict or control and that may cause its actual results to differ materially from the expectations described in its forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, the uncertainty of TRC’s operational and growth strategies; circumstances which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and income tax assessments; regulatory uncertainty; the availability of funding for government projects; the level of demand for TRC’s services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; the availability and adequacy of insurance; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See the risk factors and additional discussion in TRC’s Annual Report on Form 10-K for the fiscal year ended June 30, 2014, Quarterly Reports on Form 10-Q, and other factors detailed from time to time in the Company’s other filings with the Securities and Exchange Commission.

utilities Utilities
Read More
Press Release

TRC and Waupaca Foundry Win ACEC Awards

Re-use of by-products saves money, reduces landfill waste and improves sustainability

LOWELL, MASS. – April 14, 2015 – TRC Companies, Inc. (NYSE: TRR), along with its client Waupaca Foundry, Inc. (WFI), announced today that they have won an American Council of Engineering Companies (ACEC) Engineering Excellence Award in the State of Wisconsin as well as a National ACEC Engineering Excellence Recognition Award for their project which promotes the re-use of by-products to enhance the sustainability of WFI’s landfill.

“TRC is proud to be recognized for our work with Waupaca Foundry,” said Doug Genthe, Managing Principal of TRC’s Solid Waste Management and Geotechnical Engineering Practice. “This innovative approach to landfill construction is a great example of engineering and environmental consultants working together with industry to apply new technical approaches that deliver sustainable solutions.”

WFI owns and operates a non-hazardous waste disposal facility near Waupaca, Wisconsin, that receives sand and slag by-products from three nearby WFI foundries. WFI teamed with TRC to determine if it could re-use the foundries’ by-products in the construction of final cover and liner barrier layers for its landfill.

In 2011, TRC and WFI constructed test pads with underlying collection systems to assess the long-term performance of beneficially re-using sand and slag by-product as a landfill liner barrier layer material. The test pads were monitored for over two years and exposed to two full cycles of Wisconsin weather.

Following the successful performance of the test pads, in May 2014, the Wisconsin Department of Natural Resources approved a plan modification to WFI’s landfill permit to allow the use of the sand and slag by-product material as a liner barrier layer in the landfill. As a result WFI will reduce landfill construction costs, extend the life of their landfill, reduce the landfill’s environmental impact and improve the sustainability of its operations.

According to Waupaca Foundry environmental coordinator Bryant Esch, Waupaca Foundry has successfully pursued beneficial reuse of its sand byproduct for over two decades. "A continuous improvement goal has been to identify and facilitate increasingly value added uses for these materials,” Esch said. “Waupaca recognized the potential of spent foundry sands as a native clay replacement for low permeability barrier construction projects, and with our TRC project partners, we collectively achieved the completion of an exciting project that represents real and substantial environmental improvement,” he said.

Through the re-use of the sand and slag by-product, 80,000 cubic yards of waste material for the liner barrier layer and 112,000 cubic yards for the final cover barrier layer that would have been destined for disposal in the landfill has been eliminated. WFI anticipates construction of the new liner barrier layer system during the summer/fall of 2016.

About TRC

A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, consulting and construction management firm that provides integrated services to the energy, environmental and infrastructure markets. TRC serves a broad range of clients in government and industry, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. For more information and updates from the Company, visit TRC's website at www.TRCsolutions.com and follow TRC on Twitter at @TRC_Companies and on LinkedIn.

About Waupaca Foundry, Inc.

Waupaca Foundry, Inc., the largest iron foundry company in the world, produces gray iron castings, ductile iron castings, compacted graphite iron castings, and austempered ductile iron castings using state-of-the-art processes and technology. Waupaca is North America’s leading supplier of iron castings to the automotive, commercial vehicle, agriculture, construction, and industrial markets. Headquartered in Waupaca, Wisconsin, the iron castings supplier operates six manufacturing facilities, located in Waupaca, Wisconsin (3 individual sites), Marinette, Wisconsin, Tell City, Indiana, and Etowah, Tennessee. Waupaca employs approximately 3,900 people. For more information, visit www.waupacafoundry.com.

Forward-Looking Statements

Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by forward-looking words such as "may," "expects," "plans," "anticipates," "believes," "estimates," or other words of similar import. You should consider statements that contain these words carefully because they discuss TRC’s future expectations, contain projections of the Company’s future results of operations or of its financial condition, or state other "forward-looking" information. TRC believes that it is important to communicate its future expectations to its investors. However, there may be events in the future that the Company is not able to accurately predict or control and that may cause its actual results to differ materially from the expectations described in its forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, the uncertainty of TRC’s operational and growth strategies; circumstances which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and income tax assessments; regulatory uncertainty; the availability of funding for government projects; the level of demand for TRC’s services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; the availability and adequacy of insurance; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See the risk factors and additional discussion in TRC’s Annual Report on Form 10-K for the fiscal year ended June 30, 2012, Quarterly Reports on Form 10-Q, and other factors detailed from time to time in the Company’s other filings with the Securities and Exchange Commission.

industrial Industrial
Read More
Press Release

TRC Names Todd Williams Chief Marketing Officer

LOWELL, MASS. – April 6, 2015 – TRC Companies, Inc. (NYSE: TRR) announced today that Todd Williams has joined as Chief Marketing Officer. In this role, Williams will lead the Company’s strategic marketing, business development and industry focused initiative teams to maximize new business opportunities and support the delivery of creative solutions to client challenges.

“With more than 30 years of industry experience, Todd’s relationships and proven strategic achievements will create value for our Company and our clients,” said TRC’s Chairman and Chief Executive Officer Chris Vincze. “Todd is an influential leader and executive, and we look forward to his contributions to the success of our profitable growth strategies.”

Prior to joining TRC, Williams was Executive Vice President of Strategy Development for Cardno Limited, a $1 billion global engineering and environmental consulting firm, where he was responsible for strategic planning, client engagement, organic revenue growth, and merger integration within the Company’s Americas Region. His expertise spans areas of business including oil and gas, utilities, infrastructure, natural resources management and environmental liability management.

“As economic conditions continue to improve and the energy and transportation markets face increasing regulatory and capital challenges that require environmental and engineering solutions, TRC is well positioned for growth,” said Williams. “I am truly excited about joining TRC’s team of experts and working toward the common goal of performance excellence and client satisfaction.”

Previously, Williams held senior leadership positions at Entrix, Incorporated, including Chief Executive Officer where he improved profitability, company brand, client engagement and nationally-based teamwork.

Williams is a Registered Professional Engineer and holds a Bachelor of Science Degree in Geological Engineering from the South Dakota School of Mines and Technology. He later completed the Advanced Management Program at Harvard University.

About TRC
A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, consulting and construction management firm that provides integrated services to the energy, environmental andinfrastructure markets. TRC serves a broad range of clients in government and industry, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. For more information and updates from the Company, visit TRC's website at www.TRCsolutions.com and follow TRC on Twitter and StockTwits at @TRC_Companies and on LinkedIn.

Forward-Looking Statements
Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by forward-looking words such as "may," "expects," "plans," "anticipates," "believes," "estimates," or other words of similar import. You should consider statements that contain these words carefully because they discuss TRC’s future expectations, contain projections of the Company’s future results of operations or of its financial condition, or state other "forward-looking" information. TRC believes that it is important to communicate its future expectations to its investors. However, there may be events in the future that the Company is not able to accurately predict or control and that may cause its actual results to differ materially from the expectations described in its forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, the uncertainty of TRC’s operational and growth strategies; circumstances which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and income tax assessments; regulatory uncertainty; the availability of funding for government projects; the level of demand for TRC’s services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; the availability and adequacy of insurance; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See the risk factors and additional discussion in TRC’s Annual Report on Form 10-K for the fiscal year ended June 30, 2013, Quarterly Reports on Form 10-Q, and other factors detailed from time to time in the Company’s other filings with the Securities and Exchange Commission.


Read More
Press Release

TRC to Support Pennsylvania’s Rapid Bridge Replacement Program

Company to provide construction engineering inspection as part of public private partnership

LOWELL, MASS. – Jan. 12, 2015 -- TRC Companies, Inc. (NYSE: TRR) has been awarded a $26 million contract to provide construction engineering inspection services for more than 500 bridges throughout the state of Pennsylvania. The project is part of the Pennsylvania Department of Transportation's Rapid Bridge Replacement program, a public–private-partnership to repair aging and deficient infrastructure quickly, cost effectively and with minimum impact to travelers. TRC will perform the work for the project’s development entity, Plenary Walsh Keystone Partners.

“TRC is proud to be part of this tremendous effort to improve Pennsylvania’s critical transportation infrastructure,” said Chris Vincze, Chairman and Chief Executive Officer. “The need to bring the nation’s highways, bridges, and railways into a state of good repair is undeniable. Public-private-partnerships that enable the flow of capital and speed project completion are an increasingly effective approach, as state budgets remain tight. We are dedicated to helping clients achieve their ultimate goals by actively participating in innovative project delivery methods and by providing creative solutions to project challenges.”

Under the contract, TRC will conduct construction quality acceptance for more than 500 bridges (with potential for expansion to include additional bridges) and will support reconstruction with pretressed, precast, and steel fabrication inspection. The project will begin in the summer of 2015 and is required to be completed within 36 months.

About TRC
A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, consulting and construction management firm that provides integrated services to the energy, environmental and infrastructure markets. TRC serves a broad range of clients in government and industry, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. For more information and updates from the Company, visit TRC's website at www.TRCsolutions.com and follow TRC on Twitter and StockTwits at @TRC_Companies and on LinkedIn.

Forward-Looking Statements
Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by forward-looking words such as "may," "expects," "plans," "anticipates," "believes," "estimates," or other words of similar import. You should consider statements that contain these words carefully because they discuss TRC’s future expectations, contain projections of the Company’s future results of operations or of its financial condition, or state other "forward-looking" information. TRC believes that it is important to communicate its future expectations to its investors. However, there may be events in the future that the Company is not able to accurately predict or control and that may cause its actual results to differ materially from the expectations described in its forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, the uncertainty of TRC’s operational and growth strategies; circumstances which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and income tax assessments; regulatory uncertainty; the availability of funding for government projects; the level of demand for TRC’s services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; the availability and adequacy of insurance; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See the risk factors and additional discussion in TRC’s Annual Report on Form 10-K for the fiscal year ended June 30, 2014, and other factors included from time to time in the Company’s other subsequent filings with the Securities and Exchange Commission.

transportation Transportation
Read More
Press Release

Orange County Transportation Authority Awards TRC Two Highway Projects

LOWELL, MASS. - TRC Companies, Inc. (NYSE: TRR) has been awarded two contracts for a combined total of $8.5 million in highway improvement projects for the Orange County Transportation Authority (OCTA). Work on the projects will be ongoing over the next three years.

TRC has been selected to prepare plans, specifications and estimates (PS&E) to renovate the Santa Ana Freeway (I-5) stretching from Alicia Parkway to North of El Toro Road in Orange County. It is a Measure M-funded project that will ease traffic congestion by adding a general-purpose lane and extending an existing high-occupancy vehicle travel lane. The results are estimated to have far-reaching effects into other cities within Southern California including Mission Viejo, Laguna Hills, Lake Forest and Laguna Woods.

OCTA also awarded a contract to TRC for a PS&E for rehabilitating the 91 Express Lanes on the Riverside Freeway (SR-91). Located in northern Orange County, the Riverside Freeway is one of the region's most vital, and also most congested, highways in this important commuter and commercial transportation corridor. The project will remove and replace roadway pavement in order to improve safety and maintain ride quality.

“TRC is proud to work on these important transportation projects for the Orange County Transportation Authority,” said Chris Vincze, Chairman and Chief Executive Officer. “The modernization and improvement of our nation’s aging infrastructure ensures efficient and safe travel for motorists and is essential for the steady flow of commerce.”

TRC has successfully delivered three major OCTA projects over the past five years. TRC was awarded the 405/605 West County Connector PS&E, which is one of the largest construction contracts awarded by OCTA, and the construction is scheduled to be completed by the end of this year. In addition, TRC has been selected to design I-5 HOV Improvement project, which is under construction. The construction will be completed in 2017.

transportation Transportation
Read More
Press Release

Stephanie C. Hildebrandt Nominated for Election to TRC Companies’ Board of Directors

LOWELL, MASS. – TRC Companies, Inc. (NYSE: TRR) announced today that Stephanie C. Hildebrandt, 50, has been nominated for election to its Board of Directors at the Company’s Annual Meeting of Shareholders on December 3, 2014. Friedrich K. M. Bohm, 72, Board member since 2004, is retiring from the Board and will not stand for re-election. Ms. Hildebrandt is Senior Vice President, General Counsel and Secretary at Enterprise Products Partners L.P., a major provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.

“We are delighted to add a director of Stephanie’s caliber to TRC’s Board,” said Chairman and CEO Chris Vincze. “Stephanie has deep experience working in the oil and gas markets. She is a member of the executive management team of a leading energy company and has been a trusted advisor to its board of directors during a period of exceptional growth.

“I also extend my sincere gratitude, on behalf of TRC and the entire Board, to Friedl for his invaluable service and numerous contributions over the past 10 years. We wish him the best in his future endeavors,” concluded Vincze.

Ms. Hildebrandt joined Enterprise in 2004 as Deputy General Counsel and Assistant Secretary, and was named Vice President in 2006, General Counsel in 2009 and Senior Vice President, General Counsel and Secretary in 2010. Earlier in her career, she served with the Texaco legal department and with the legal department of El Paso Corporation/GulfTerra Energy Partners prior to GulfTerra’s merger with Enterprise in 2004. She received her Bachelor of Science in Foreign Service degree from Georgetown University and her Juris Doctor from the Tulane University Law School. Stephanie is also active in civic and professional organizations and is a governing director of the Houston Symphony Society.

oil gas Oil and Gas
Read More