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Atlantic International Corp (ATLN) Net Loss Narrows amid Cost Reduction and Efficiency Initiatives
Yahoo Finance· 2025-11-24 14:47
Core Insights - Atlantic International Corp (NASDAQ: ATLN) is experiencing significant growth, with a focus on cost-cutting and efficiency measures leading to a reduced net loss in Q3 2025 [1][2]. Financial Performance - The net loss for the first nine months of the year narrowed to $32.2 million, or $0.58 per share, compared to a net loss of $66.8 million, or $2.04 per share, for the same period last year [2]. - Revenue for the first nine months reached record highs of $315.8 million, with a record quarter contributing $110.1 million [3]. Management Outlook - Management anticipates significant improvement heading into year-end and into the next year, driven by additional efficiency initiatives [3]. - CEO Jeffrey Jagid expressed encouragement regarding the company's progress and strong customer satisfaction, which provides a solid foundation for future growth [4]. Company Overview - Atlantic International Corp operates primarily through its subsidiary, Lyneer Investments LLC, providing staffing solutions in light industrial, professional, and finance sectors [5].
Atlantic International's Lyneer Subsidiary Increases Market Share to $12+ Million Annually as Food Production Partner Consolidates Vendor Relationships
Globenewswire· 2025-10-06 12:30
Core Insights - Atlantic International Corp.'s subsidiary, Lyneer Staffing Solutions, has renewed its partnership with a major food production company, consolidating staffing partnerships from three providers to two, which enhances Lyneer's market share and revenue potential [1][2][4] Group 1: Partnership Renewal - The renewed partnership is expected to increase Lyneer's annual revenue from the client to $12 million or more, representing a 26% increase from the previous year's $9.5 million [2] - This consolidation strategy is seen as a significant vote of confidence in Lyneer's service capabilities, positioning the company for substantial growth [2][3] Group 2: Strategic Advantages - The consolidation benefits both parties by streamlining vendor management, enhancing communication efficiency, and enabling more strategic workforce planning [3] - The partnership renewal aligns with Atlantic International's strategic objectives of sustainable growth and market leadership in key industry verticals, particularly in the food production sector [5][6] Group 3: Company Background - Atlantic International Corp. is a leading provider of strategic staffing, outsourced services, and workforce solutions, with expertise in food production, manufacturing, and logistics sectors [6]
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]