Question · Q3 2025
Brian Daniel Brophy asked about the sustainability of the 15%+ headcount growth rate observed since the end of 2024, assuming continued healthy demand. He also requested an update on automation investments in the modular segment and any observed productivity benefits. Finally, he sought an update on the pharma project pipeline, onshoring opportunities, and any market movements, especially given recent tariff discussions.
Answer
CFO Bill George clarified that the headcount growth includes acquisitions, but acknowledged strong organic additions, noting that high single-digit growth is a more typical sustainable pace, supported by apprenticeship programs. Bill George and President and CEO Brian Lane highlighted ongoing automation, including robots and AI-enabled software, as contributing to productivity and quality improvements. Bill George also stated that while technology currently dominates bookings, the pharma pipeline, particularly in the Mid-Atlantic and Research Triangle, is very strong with long lead times, and significant planning is underway for future projects.