Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Alex Rygiel - FBR Capital Markets.
Alex Rygiel - FBR Capital Markets
Couple of questions; first is there anything to learn as it relates to the mix in backlog, is that any different than maybe the historical trends in revenue?
Jose Mas
No with the exception, Alex, we are obviously in a lot of new businesses so the new businesses are pretty represented at percentage of that revenues. So it’s pretty close to the percentage of the revenues of the business. Not huge shifts from a backlog versus where we saw them from a revenue perspective.
Alex Rygiel - FDR Capital Markets
Noting that Tetra Tech was a large wind customer, can you give us additional color on possibly what the customers were underneath the Tetra Tech umbrella? How you expect that relationship to develop over the coming years?
Jose Mas
As we look at our wind business in both the Wanzek transaction and our original entry into the wind side. We are going see a lot of customer rotations. So, you are going to have a lot of customers that have a significant number projects, one year and they may or may not have a significant number of projects the following years.
So, as we look at our business model you are going to see a lot of wind developers or GC’s come in and out of that top ten quarter-to-quarter depending on what they have going on.
I think Tetra Tech’s been pretty vocal about the jobs that they were doing for Pacific Corp. So, we were obviously supporting them on those jobs, but I think over the course of the next couple of years, you are going to see a lot of new names and old names come back and forth in and out of that top ten.
Alex Rygiel - FBR Capital Markets
Staying on the wind topic, since the passage of the stimulus bill; how have your conversations changed with your wind customers? Do they seem more excited? Are they letting out bids?
Jose Mas
Yes, we’ve seen a dramatic increase in activity, obviously the end of last year and beginning of this year. Activity was slow, for lots of reasons, many of which we laid out today. Slightly before the stimulus package was passed and the initial drafts were out there, we saw a dramatic increase in our customers reaching out to us both in terms of getting pricing, getting a feel for projects in different geographies and what pricing would look like in those. So, there’s no question that in the last six to eight weeks we’ve seen a dramatic shift in the activity.
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