Trending...
- Team Crush Yard Wins Gold Medal at 2024 Joola Pickleball With Orlando Director of Pickleball
- PalletOne Unveils a Four-Part Blog Series on Optimizing Pallet Specifications for Bids
- Greater Fort Myers Chamber CEO Robert Goltz receives service award
$ATLN Delivering Over $400 Million in Annual Revenue with 2025 Growth Projections Over $1 Billion
ENGLEWOOD CLIFFS, N.J. - Floridant -- 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 The Floridant
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 The Floridant
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 The Floridant
- Eminent Jurist Endorses New Method to End the Grind of Legal Calendaring
- Composer Andrew Prahlow to Perform Award-Winning Outer Wilds Soundtrack on Oct 17th at Brooklyn's Music Hall of Williamsburg
- AXELERA Technologies Prepares for AUSA Annual meeting, Showcasing the 3d_4X Joystick
- The New Real Estate "Just Looking" Program Is A Big Hit With Central Florida Residents!
- The Florida Forum Speaker Series to Welcome Rt Hon Boris Johnson
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 The Floridant
- Mobile windshield service provides welcome post-storm relief
- Cell-Ed and National Minority Health Association Forge Strategic Partnership to Expand Caregiving and Health Equity Initiatives
- Fortius Metals secures $2 Million Additional Funding to Bring Advanced Metal 3D Printing to the Aerospace and Defense Industry
- Voices Rising Festival Celebrates Diversity in E. Islip, GRAMMY Governor LACHI performs!
- DiSTI's GL Studio SC Powers New Guardian UAV Ground Control System
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 The Floridant
- CCHR Demands Justice for Victims of Psychiatric Fraud and Patient Sexual Abuse
- First World Chronic Cough Day October 15, 2024
- New Frontier Aerospace Closes Seed Round with Pacific Bays Capital
- National Good Vibes Day Summit to Feature Global Coherence Meditation with Heart-Math Institute App
- Florida: Governor Ron DeSantis Issues Updates on State Preparedness Efforts for Tropical Storm Milton
- 123waterfilters.com Domain Now For Sale
- Tradeshow Essentials "Enhance the Effectiveness of your Tradeshow Marketing"
- Florida: MEMORANDUM: EXECUTIVE ORDER NUMBER 24-215 (Emergency Management -Amending Executive Order 24-214 – Tropical Storm Milton)
- MMCG Invest and Innowave Studio Merge to Revolutionize Feasibility Studies and Site Plans
- Tint Academy USA Announces Window Tint Certification Course in Orlando, Florida
- Florida: EMORANDUM: EXECUTIVE ORDER NUMBER 24-214 (Emergency Management – Tropical Storm Milton)
- State of Nayarit Named the Official Mexican Tourism Destination of the Vancouver Canucks
- Sequentex Names Xcitium as Featured Supplier for Cybersecurity Awareness Month
- Mounts Botanical Garden to Present RIBBIT THE EXHIBIT II with 18 Larger-Than-Life Frog Sculptures
- LG Lesmo's Extendable High Table: Where Flexibility Meets Italian Craftsmanship
- The Magic Table by LG Lesmo: The Ultimate Space-Saving Solution
- Nails, Wax Eyebrow Threading, Hair Extensions, Spray Tans, Hair Stylists, and Hair Color Experts!
- Braswell Group Announces Speaker Lineup for 2024 Live 2 Lead Leadership Conference in Orland
- Ismael Cala Foundation and FICOP join forces to enhance the emotional education of young Hispanics USA - English USA - español
- Benchmark International Faciltd BT International Restaurant Distributors & Hart & Price Corporation