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3 ways the new H-1B rule will turbocharge staff outsourcing
Yahoo Finance· 2025-09-23 21:18
Core Insights - The White House's new rule imposing a $100,000 H-1B visa fee is reshaping the employment landscape for high-talent professionals in the U.S., creating both opportunities and challenges for various stakeholders [1] - Global outsourcing firms are positioned to benefit from this shift, particularly those that facilitate remote work arrangements for talent outside the U.S. [1] Industry Growth - The human resources outsourcing market is projected to grow from $276 billion in 2025 to $446 billion by 2034, reflecting a compound annual growth rate of 5.48% [2] - Analysts anticipate that the new H-1B rule will further accelerate this growth as it alters the dynamics of how overseas workers interact with U.S. employers [2] Outsourcing Trends - An increase in outsourcing activity is expected as companies seek alternatives to the heightened costs associated with the new H-1B fees [3] - Outsourcing is often more cost-effective, especially in countries like India, where wage levels are lower, prompting U.S. companies to leverage these savings [3] Hiring Dynamics - The new rule is expected to change how U.S. companies hire international talent, moving the focus from direct engagement with foreign workers to utilizing staffing and outsourcing firms [4][5] - Staffing firms may need to adjust their pricing models, potentially raising hourly rates or passing the $100,000 fee onto clients, particularly for long-term projects [5]
Atlantic International Corp. to Present at the 2025 Gateway Conference on September 4
Globenewswire· 2025-08-18 11:00
Company Overview - Atlantic International Corp. (NASDAQ: ATLN) is a growth-oriented holding company focused on delivering innovative workforce solutions, outsourced services, and human capital management [6] - The company partners with businesses nationwide to provide flexible, scalable staffing and operational support, helping clients adapt, compete, and grow in dynamic markets [6] - Atlantic employs a disciplined acquisition strategy and is committed to operational excellence, aiming to build a diversified platform that drives sustainable value for customers, employees, and shareholders [6] Conference Details - Atlantic International Corp.'s CEO, Jeffrey Jagid, is scheduled to present at the 2025 Annual Gateway Conference on September 4 at 9:00 a.m. Pacific Time [2] - The presentation will be webcast live and available for replay, with additional opportunities for one-on-one meetings with investors throughout the conference [2] - The Gateway Conference connects high-growth companies with institutional investors, analysts, and capital markets professionals, celebrating 25 years of fostering impactful industry connections [3][4] Industry Context - The Gateway Conference features a diverse array of companies across various sectors, including technology, cleantech, consumer, industrials, financial services, and healthcare [4] - Attendees will have exclusive access to senior executives from over 100 private and public companies, providing insights into emerging growth opportunities [4]
Atlantic International Corp. Reports Strong Operational Improvements in Second Quarter 2025
Globenewswire· 2025-08-14 11:00
Core Insights - Atlantic International Corp. reported significant operational improvements and a strengthened financial position in Q2 2025, with a focus on profitability and cash flow generation [1][3] Financial Performance - Net loss narrowed by 81% to $10.7 million (or $0.20 per share) compared to a net loss of $54.9 million (or $1.96 per share) in Q2 2024 [6] - Service revenue was $102.9 million, with permanent placement services up 17% year-over-year [6] - Gross profit margin improved to 11.1%, reflecting pricing discipline and operational efficiency [6] - Operating cash flow was $5.0 million for the six months, improving from $(4.2) million a year ago [6] - Service revenue increased to $205.7 million from $205.3 million in the prior year period [6] - Gross profit improved 3.0% to $22.6 million, with gross margin expanding to 11.0% from 10.7% [6] - Net loss per share improved 82% to $(0.40) compared to $(2.23) in the prior year period [6] Business Segments - The permanent placement and other services segment grew by 16.9% in Q2 and 9.3% for the six-month period, contributing significantly to overall service revenue and gross profit improvements [3] Strategic Initiatives - The company secured a new $70 million asset-based lending facility, replacing the prior credit arrangement to support growth initiatives and working capital needs [6] - Positive momentum is expected to continue into Q3, driven by strong demand in both temporary and permanent placement services [3]
Atlantic International Corp. Postpones Annual General Meeting
Globenewswire· 2025-07-18 21:30
Company Overview - Atlantic International Corp. is a publicly traded global platform specializing in outsourced services and workforce solutions [2] - The company operates through subsidiaries, including Lyneer Staffing Solutions, providing tailored staffing, recruiting, and strategic outsourcing solutions across various industries [2] - Atlantic International focuses on innovation, operational excellence, and customer success while expanding its global footprint [2] Recent Developments - The company has postponed its Annual General Meeting, which was originally scheduled for July 15, 2025, to a later date that will be determined [1]
Atlantic International Corp. Added to Membership of Russell 3000® Index
Globenewswire· 2025-06-17 13:01
Core Insights - Atlantic International Corp. has been added to the Russell 3000® Index, effective June 30, 2025, indicating continued growth and market momentum [1][3] - Membership in the Russell 3000® Index provides automatic inclusion in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index, along with appropriate growth and value style indexes [2] Company Overview - Atlantic International Corp. is a publicly traded global provider of outsourced services and workforce solutions, focusing on tailored staffing, recruiting, and strategic outsourcing across various industries [5] - The company aims to expand its global footprint while driving value for clients, employees, and shareholders [5] Industry Context - The Russell U.S. indexes capture the 4,000 largest U.S. stocks ranked by total market capitalization, with approximately $10.6 trillion in assets benchmarked against these indexes as of June 2024 [2][3] - FTSE Russell, which maintains the Russell indexes, is a global index provider that calculates thousands of indexes covering 98% of the investable market globally, with about $18.1 trillion benchmarked to its indexes [6]
Brunel’s AGM approved all voting items
Globenewswire· 2025-05-15 16:00
Core Points - Brunel International N.V. held its Annual General Meeting of Shareholders (AGM) on 15 May 2025, where all agenda items were approved [1][2] - Mr. Frank van der Vloed was reappointed to the Supervisory Board for a four-year term, while Mr. Toine van Doremalen was appointed as Chief Financial Officer (CFO) for a four-year term [2][3] - The financial statements for the fiscal year 2024 were adopted, and a cash dividend of €0.55 per share was approved for distribution [3] Company Leadership Changes - Toine van Doremalen brings 25 years of experience in finance and international business, which is expected to enhance the company's growth and innovation [3] - The appointment of Toine van Doremalen as CFO follows the recent appointment of Peter de Laat as Chief Executive Officer effective from 1 October 2024 [2][3] Financial Performance - The AGM confirmed the distribution of a cash dividend of €0.55 per share for the financial year 2024, with the shares quoting ex-dividend on 19 May 2025 and payment scheduled for 12 June 2025 [3]
KellyOCG Earns Recognition as a John Deere “Partner-level Supplier”
Globenewswire· 2025-04-30 13:06
Core Insights - KellyOCG has been recognized as a Partner-level supplier for 2024 in the John Deere Achieving Excellence Program, which is the highest supplier rating from Deere & Company [1][3] - The recognition highlights KellyOCG's commitment to providing high-quality products and services, as well as its dedication to continuous improvement [2][4] Company Performance - KellyOCG is a supplier of Managed Service Provider (MSP) and Recruitment Process Outsourcing (RPO) solutions specifically for John Deere's operations in the U.S. and Canada [2] - The Achieving Excellence program evaluates suppliers annually based on key performance categories such as quality, delivery, process alignment, value creation, and relationship [3] Industry Context - The Achieving Excellence program was established by John Deere Supply Chain in 1991 to promote continuous improvement among suppliers [3] - KellyOCG has achieved Partner-level supplier recognition five times, indicating a consistent performance in meeting John Deere's standards [3]