From GlobeNewswire: 2025-03-28 07:30:00

Atlantic International Corp. completed its first quarter publicly traded on Nasdaq Global Market under “ATLN.” The company targets $1 to $1.5 billion in revenue within the next 12 to 18 months through organic growth and M&A initiatives. In Q4 2024, revenue was $129.5 million, with gross profit of $13.3 million and adjusted EBITDA of $1.9 million. Full-year revenue reached $442.6 million, driven by workforce solutions and new customer acquisitions. The company is focused on expanding on-premise managed services, investing in technology, and restructuring debt to improve financial flexibility. Atlantic’s CEO, Jeffrey Jagid, highlighted the company’s strong M&A pipeline and goal to exceed $1 to $1.5 billion in revenue. Adjusted EBITDA, a non-GAAP financial measure, was used to assess operational performance and core profitability. Atlantic International Corp. is a leading provider of strategic staffing, outsourced services, and workforce solutions with approximately 300 employees generating over $440 million in revenue. The company operates in various industry verticals and provides HR solutions to over 14,000 employees weekly. Forward-looking statements in the press release highlight potential risks and uncertainties, urging investors to exercise caution. The Company does not assume a duty to update forward-looking statements, emphasizing the importance of considering all factors before making investment decisions. For more information, visit www.atlantic-international.com or contact [email protected].



Read more at GlobeNewswire:: Atlantic International Corp. Reports Strong 2024 Results