Trending...
- Detroit Hip-hop Takes Center Stage: Historic Official Sxsw Showcase Spotlights The City's Rising Music Economy - 142
- Nieuwe standaard in webdesign: Professionele website laten maken voor het MKB vanaf €249 door Websitepioniers - 109
- Heritage at Manalapan Introduces New Single-Family Home Community in One of Monmouth County's Most Desirable Locations
$ATLN Delivering Over $400 Million in Annual Revenue with 2025 Growth Projections Over $1 Billion
ENGLEWOOD CLIFFS, N.J. - Michimich -- Atlantic International Corp. (Stock Symbol: ATLN) is a leading strategic staffing, outsourced services, and workforce solutions company executing a high-growth strategy. Through its principal operating subsidiary, Lyneer Investments LLC ("Lyneer"), the ATLN has approximately 300 employees that generated over $400 million in revenue (for the twelve months ending December 31, 2023).
According to Staffing Industry Analysts, ATLN is among the top 20 largest national staffing companies servicing the light industrial, commercial, professional, finance, direct placement, and managed service provider verticals. ATLN provides its customers with complete HR solutions, operating 40 independent on-site and vendor-on-premises facilities and paying over 12,000 employees weekly.
ATLN Reports Over $104 Million in Q2 Revenue and 17% Revenue Growth for the 2nd Quarter
On August 15th ATLN announced its financial results for the second quarter ended June 30, 2024.
Key Q2 Financial Highlights:
ATLN reported revenue of $104.6 million, representing a 17% increase compared to $89.4 million for the same period last year. Growth is attributed to expansion within its existing customer base and new customer wins, as well as improving demand for ATLN core service offerings.
More on Michimich.com
ATLN Gross profit for the quarter was $11.5 million, representing 11.0% of revenue, compared to $10.9 million, or 12.2% of revenue, in the same period last year.
Margin expansion is expected to leverage the ATLN in-place executive team, existing back-office operations and add higher margin business, including permanent staffing revenues. ATLN expects its next acquisition to bring an array of technology customers to result in higher margin revenue and further diversify our customer base.
As of June 30, 2024, ATLN had approximately 1,100 total customers, compared to 1,000 as of March 31, 2024, a 10% increase quarter-over-quarter.
Operational Highlights:
ATLN subsidiary Lyneer continues to execute on its strategic growth initiatives, including the expansion into new markets and the launch of innovative product lines. ATLN is targeting combined annual revenue in excess of $1 billion in 2025, including acquisitions.
New Onsite Locations: ATLN successfully opened the Rock Hill, South Carolina logistics center on behalf of UPS, bolstering its position in the fast-growing Southeast market and enhancing its service capabilities for the world's largest global logistics provider.
"We are pleased to report another strong quarter, driven by solid revenue growth under the Atlantic brand," said Jeffrey Jagid, ATLN CEO. "Our focus on operational excellence and strategic expansion has enabled us to deliver robust results and strengthen our market position. Looking ahead, we remain committed to growing topline revenue through new facilitates with our existing clients, through new customer acquisition, and through strategic M&A, creating significant value for our shareholders. We also look forward to our pending uplisting to a National Securities Exchange."
More on Michimich.com
For the third quarter of 2024, ATLN expects revenue to be in the range of $105 - $115 million, reflecting continued momentum in its core customer base and seasonal trends. ATLN anticipates margins to improve, supported by ongoing efficiency initiatives and strategic investments, as well as reduced integration costs from the completed acquisition of Lyneer.
Key Expansion in Rock Hill, South Carolina
On July 25th ATLN announced the expansion of its operations with the strategic opening of a new location in Rock Hill, South Carolina.
This new facility will support one of the largest global supply chain management companies in the world, reinforcing ATLN commitment to partnering with industry leaders. The expansion underscores the ATLN mission to deliver innovative staffing solutions that drive operational efficiency and success for its clients.
Media Contact
Company Name: Atlantic International Corp.
Contact Person: Kale Fein, Investor Relations
Email: kfein@atlantic-international.com
Phone: +1 (213) 915-6414
Country: United States
Websites: www.atlantic-international.com and www.lyneer.com
DISCLAIMER: https://corporateads.com/disclaimer/
Disclosure listed on the CorporateAds website
According to Staffing Industry Analysts, ATLN is among the top 20 largest national staffing companies servicing the light industrial, commercial, professional, finance, direct placement, and managed service provider verticals. ATLN provides its customers with complete HR solutions, operating 40 independent on-site and vendor-on-premises facilities and paying over 12,000 employees weekly.
ATLN Reports Over $104 Million in Q2 Revenue and 17% Revenue Growth for the 2nd Quarter
On August 15th ATLN announced its financial results for the second quarter ended June 30, 2024.
Key Q2 Financial Highlights:
ATLN reported revenue of $104.6 million, representing a 17% increase compared to $89.4 million for the same period last year. Growth is attributed to expansion within its existing customer base and new customer wins, as well as improving demand for ATLN core service offerings.
More on Michimich.com
- Where Were the Women? Reframing the Greek Revolution Through Contemporary Art
- Calmly Rooted Announces Strategic Evolution of "The Calm Collective" Wellness Hub
- JGCMGS Details Architecture to Safeguard Assets From Unauthorized Phishing Scams
- 21 Days: The Malta Deadline That Could Redraw the Finnish Online Casino Map
- JEGS Launches Modern, Secure Payments Powered by PhaseZero.ai
ATLN Gross profit for the quarter was $11.5 million, representing 11.0% of revenue, compared to $10.9 million, or 12.2% of revenue, in the same period last year.
Margin expansion is expected to leverage the ATLN in-place executive team, existing back-office operations and add higher margin business, including permanent staffing revenues. ATLN expects its next acquisition to bring an array of technology customers to result in higher margin revenue and further diversify our customer base.
As of June 30, 2024, ATLN had approximately 1,100 total customers, compared to 1,000 as of March 31, 2024, a 10% increase quarter-over-quarter.
Operational Highlights:
ATLN subsidiary Lyneer continues to execute on its strategic growth initiatives, including the expansion into new markets and the launch of innovative product lines. ATLN is targeting combined annual revenue in excess of $1 billion in 2025, including acquisitions.
New Onsite Locations: ATLN successfully opened the Rock Hill, South Carolina logistics center on behalf of UPS, bolstering its position in the fast-growing Southeast market and enhancing its service capabilities for the world's largest global logistics provider.
"We are pleased to report another strong quarter, driven by solid revenue growth under the Atlantic brand," said Jeffrey Jagid, ATLN CEO. "Our focus on operational excellence and strategic expansion has enabled us to deliver robust results and strengthen our market position. Looking ahead, we remain committed to growing topline revenue through new facilitates with our existing clients, through new customer acquisition, and through strategic M&A, creating significant value for our shareholders. We also look forward to our pending uplisting to a National Securities Exchange."
More on Michimich.com
- U.S. Government Contracts in Excess of 38 Million Secured Through Partner, Establishing Multi-Year Defense Revenue Platform Through 2032: $BLIS
- New Report Reveals Surprising Trends in Ohio Airport Accidents
- Why Your Berberine Failed: RevGenetics Unveils the Absorption Gap Solution
- WCC Kitchens and Cabinets Featured on Selling Houses Australia
- Cat Hunt Simulator : Burrow & Pounce Lands on the App Store
For the third quarter of 2024, ATLN expects revenue to be in the range of $105 - $115 million, reflecting continued momentum in its core customer base and seasonal trends. ATLN anticipates margins to improve, supported by ongoing efficiency initiatives and strategic investments, as well as reduced integration costs from the completed acquisition of Lyneer.
Key Expansion in Rock Hill, South Carolina
On July 25th ATLN announced the expansion of its operations with the strategic opening of a new location in Rock Hill, South Carolina.
This new facility will support one of the largest global supply chain management companies in the world, reinforcing ATLN commitment to partnering with industry leaders. The expansion underscores the ATLN mission to deliver innovative staffing solutions that drive operational efficiency and success for its clients.
Media Contact
Company Name: Atlantic International Corp.
Contact Person: Kale Fein, Investor Relations
Email: kfein@atlantic-international.com
Phone: +1 (213) 915-6414
Country: United States
Websites: www.atlantic-international.com and www.lyneer.com
DISCLAIMER: https://corporateads.com/disclaimer/
Disclosure listed on the CorporateAds website
Source: Corporate Ads
0 Comments
Latest on Michimich.com
- Scoop Social Co. Launches a New Era of Mobile Hospitality — One Truck, Two Experiences
- Record Sales Growth After Strategic Acquisitions; New Distribution Agreements for Established Premium Cigar Supplier: Green Leaf Innovations $GRLF
- R2 Copilot Addresses Critical Privacy Issues as Enterprise AI Spending and Security Incidents Rise
- Innovative Environmental Technologies Unveils New Website Featuring Free AI Tools for the Environmental Industry
- CCHR Warns: Psychiatric Diagnoses Without Biological Proof Now Used to Justify Euthanasia
- Impact Filtration Appoints Alejandro Sturniolo as Head of Sustainability to Engineer High-Performance, Water-Positive Infrastructure
- 106 Years Strong: The Liberty Group Celebrates a Century-Plus of Service and Unveils a Unified Family of Companies
- Airport Transportation Reaches All Five Continents Through Global Transportation Partner Network
- Acquisition of Israeli Defense Manufacturing Platform to Accelerate AI-Driven Autonomous Systems: VisionWave Holdings, Inc.: (N A S D A Q: VWAV)
- Opticom Tech Introduces Portable Wireless Troubleshooting Kit for Sawmills
- HRC Fertility to Celebrate Grand Opening of New Beverly Hills Location During National Infertility Awareness Week
- AktieGo Publishes Editorial Feature Examining Decentralized Power Infrastructure and Hydrogen Energy Deployment
- Anton Williams Holding Company Deploying AI for Business Operations
- Preserving Craft Beer History: BeerGuysCarolinas Debuts Massive Archive and HD Label Art Gallery
- Greg Wier Announces the Release of More Than Just Luck
- Detroit Waffle Factory Brings Bold New Taste To Detroit
- Nieuwe standaard in webdesign: Professionele website laten maken voor het MKB vanaf €249 door Websitepioniers
- Conexwest: Shipping Containers Are Powering the Next Generation of Bitcoin Mining Infrastructure
- Hypnotherapy Finder Announces Official US Wide Launch After Successful Soft Launch
- Melzi Job Coach Launches on iOS and Android: A Privacy-First AI Career Engine Built for Execution