Atlantic International Corp. provides outsourced services and workforce solutions through a platform that includes North American staffing operations and Circle8 Group, its European IT and technology talent business. Company news centers on staffing demand, technology talent delivery, public-sector and enterprise service contracts, financial results, acquisition integration, and expansion of Circle8 capabilities in areas such as software development, cybersecurity, data analytics, AI infrastructure, and managed security operations.
Updates also cover corporate communications, investor relations activity, executive appointments, and cost-management initiatives as Atlantic integrates acquired operations and broadens its workforce-management and strategic consulting services.
Atlantic International Corp. (NASDAQ: ATLN) reported strong financial results for Q4 and full year 2024. The company achieved $442.6 million in full-year revenue, up 10.3% from 2023, with Q4 revenue reaching $129.5 million, an 11.5% increase year-over-year.
Key financial metrics include Q4 gross profit of $13.3 million (10.3% margin) and full-year gross profit of $47.2 million (10.7% margin). Adjusted EBITDA for Q4 and full year were $1.9 million and $4.7 million respectively.
Strategic developments include expansion of workforce solutions across Texas and Southeast, launch of Site Selection Dashboard, and termination of Staffing 360 merger. The company targets ambitious revenue growth to $1-1.5 billion within 12-18 months through organic growth and M&A initiatives, while focusing on margin improvement and cost-cutting measures for 2025.
Atlantic International Corp. (Nasdaq: ATLN) announced that its subsidiary Lyneer Staffing Solutions has secured a significant contract renewal with a premier North American baking company in Northern California. The renewed partnership includes an expansion to additional locations, with Lyneer positioned to capture approximately $10 million in spending.
The expanded contract, effective immediately, demonstrates Lyneer's expertise in providing specialized workforce solutions for the food production industry. Lyneer will commence staffing operations at the new locations in the coming weeks, strengthening its partnership with the client while scaling its workforce solutions across their operations.
Atlantic International Corp. (Nasdaq: ATLN) announced that its subsidiary Lyneer Staffing Solutions has secured a strategic workforce agreement with a major North American industrial distributor serving multiple sectors. The agreement is valued at up to $10 million, split between $5 million in contract business and $5 million in direct hire spending.
The partnership enables Lyneer to provide comprehensive staffing solutions across more than 20 locations throughout the continental United States. The agreement covers both temporary and permanent placement services, focusing on serving the aerospace, defense, automotive, and medical sectors, strengthening Atlantic's position in industrial staffing.
Atlantic International Corp. (NASDAQ: ATLN) has announced that its subsidiary Lyneer Staffing Solutions has secured a significant contract with a major central Pennsylvania food manufacturer. The initial contract is valued at $2 million in annual spending, with potential national expansion opportunities that could generate an additional $20+ million in revenue over the next 12-24 months.
The agreement establishes Lyneer as a key workforce solutions provider for the manufacturer's Pennsylvania operations, with possibilities to extend services to additional facilities across the United States. The contract, which began in January 2025, will focus on providing temporary workforce services, with national expansion discussions aimed at delivering scalable, cost-effective staffing solutions throughout the year.
Atlantic International Corp. (ATLN) has received approval to uplist its common stock from OTC Markets to the Nasdaq Global Market, with trading scheduled to commence on December 11, 2024, under the same ticker symbol 'ATLN'. The company, a provider of strategic staffing and workforce solutions, views this move as strategic to enhance visibility, attract diverse investors, and improve trading liquidity.
CEO Jeffrey Jagid highlighted that the pending acquisition of Staffing 360 Solutions, Inc. is expected to generate pro forma revenue of approximately $620 million, positioning Atlantic as one of the fastest-growing human capital management companies entering 2025.
Atlantic International Corp. (OTC: ATLN) has announced that its subsidiary Lyneer Staffing Solutions has secured a major staffing contract with a leading international home goods distributor. The partnership will initially provide flexible workforce solutions for one of the distributor's major U.S. distribution hubs, creating up to 150 new job opportunities. The contract, starting December 2024, is expected to generate revenue of up to $15.0 million annually, with potential expansion to additional locations based on performance.
Atlantic International Corp. (ATLN) reported Q3 2024 revenue of $107.8 million, a 10.2% increase from $97.8 million in the same period last year. Gross profit was $11.9 million (11.0% of revenue), compared to $11.6 million (11.9%) last year. The company announced a pending merger with Staffing 360 Solutions, expected to add $200 million in annual revenue, resulting in pro forma annual revenue of approximately $640 million with anticipated cost synergies of $10 million. The company expanded operations with a new logistics center in Temple, Texas, and introduced Site Selection Dashboards for location-based hiring decisions.