Atlantic International Corp. reports $104.6 million revenue for Q2 2024, a 17% increase year-over-year.

From GlobeNewswire: 2024-08-15 07:30:00

Atlantic International Corp. announced strong financial results for Q2 2024, with revenue reaching $104.6 million, a 17% increase year-over-year. The company reported a gross profit of $11.5 million, attributing growth to new customer wins and expanding existing relationships. Atlantic aims for margin expansion through strategic acquisitions and operational improvements.

With approximately 1,100 total customers as of June 30, 2024, Atlantic International Corp. continues to pursue expansion initiatives. The company opened a new logistics center in Rock Hill, SC, for UPS, enhancing service capabilities in the Southeast market. Investments in technology and infrastructure are expected to drive long-term growth and client satisfaction.

CEO Jeffrey Jagid expressed pride in Atlantic’s Q2 performance, emphasizing operational excellence and strategic expansion. The company aims to increase revenue by partnering with existing clients, acquiring new customers, and strategic mergers and acquisitions. Atlantic expects revenue in Q3 to range between $105 – $115 million, supported by efficiency initiatives and reduced integration costs.

Atlantic International Corp. is a leading provider of strategic staffing, outsourced services, and workforce solutions. Through its subsidiary Lyneer, the company generated over $400 million in revenue in twelve months. With a focus on HR solutions, Atlantic operates 40 facilities and pays over 12,000 employees weekly.Visit www.atlantic-international.com for more information on Atlantic International Corp.



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