Atlantic International Corp. Reports Strong 2024 Results with Over $442 Million in Revenue; Over 10% Revenue Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 28 2025
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Should l Buy ATLN?
Source: Newsfilter
Company Performance: Atlantic International Corp. reported a 10.3% increase in full-year revenue to $442.6 million for 2024, with Q4 revenue reaching $129.5 million, driven by growth in key industry verticals and new customer acquisitions.
Strategic Initiatives: The company aims for $1 to $1.5 billion in revenue over the next 12 to 18 months through organic growth and M&A, while also focusing on operational improvements and technology investments to enhance profitability.
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Analyst Views on ATLN
Wall Street analysts forecast ATLN stock price to rise
1 Analyst Rating
1 Buy
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Moderate Buy
Current: 2.970
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Current: 2.970
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About ATLN
Atlantic International Corp. is an outsourced services and workforce solutions company. The Company is engaged in servicing the commercial, professional, finance, direct placement, and managed service provider verticals. Through its principal operating subsidiary, Lyneer Investments LLC (Lyneer), it provides customers with complete HR solutions, operating 40 independent on-site and vendor-on-premises facilities. Its core offerings include staffing and recruitment, program management, data mastery, and continuous refinement. Staffing and recruitment offer pioneering client-centric forecasting and staffing solutions. Program management is a bespoke program ensuring longevity and growth in client partnerships. Data mastery is a database solution to monitor usage and pivotal data points. The Company provides permanent, temporary and temp-to-perm placement services in a wide variety of areas, including accounting and finance, administrative and clerical, hospitality, legal, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Atlantic International Appoints New CFO
- Executive Appointment: Atlantic International (ATLN) has appointed Kevin J. Murphy as Chief Financial Officer, effective February 2, 2026, indicating a strategic shift in the company's financial management.
- Background Experience: Prior to this role, Murphy served as EVP and division CFO at Hospitality Staffing Solutions, also briefly acting as CEO, showcasing his extensive experience in financial and operational management.
- Market Reaction: This appointment is likely to positively impact investor confidence, particularly as the company seeks to optimize its financial structure and enhance operational efficiency, which may bolster market trust in Atlantic International's future growth.
- Strategic Implications: Murphy's addition not only brings a fresh financial perspective to the company but may also drive Atlantic International towards greater financial transparency and stronger strategic execution in a competitive market environment.
See More
Baker Hughes Q4 Earnings Exceed Expectations
- Earnings Beat: Baker Hughes reported adjusted earnings of 78 cents per share for Q4, surpassing market expectations of 67 cents, indicating strong performance in the oil and gas sector, which is likely to boost investor confidence.
- Sales Growth: The company's quarterly sales reached $7.386 billion, exceeding expectations of $7.068 billion, reflecting its competitive edge amid recovering market demand and potentially driving future business expansion.
- Stock Price Surge: Baker Hughes shares rose 3.7% to $55.81 in pre-market trading, indicating a positive market reaction to its financial performance, which may attract more investor interest.
- Industry Impact: This earnings improvement not only strengthens Baker Hughes' market position but could also positively influence the entire oil and gas industry, prompting other companies to increase investment and innovation efforts.
See More
Atlantic International Corp Acquires Circle8 Group, Valued at $1.2 Billion
- Acquisition Expansion: Atlantic International Corp's acquisition of Europe-based Circle8 Group aims to deepen technology staffing and drive a cross-Atlantic workforce platform for industrial and IT talent, although financial terms remain undisclosed.
- Revenue Growth Potential: The deal combines Atlantic's North American light-industrial staffing with Circle8's European IT recruiting, creating a combined platform valued at approximately $1.2 billion in annual revenue, indicating strong market potential.
- Market Footprint: Circle8 is projected to generate around $780 million in unaudited revenue in 2025, with expectations to reach $1 billion in organic revenue by 2026, enhancing Atlantic's presence in the European market.
- Leadership Structure: Circle8 founder and CEO Guus Franke will continue to lead the business and join Atlantic's board, ensuring sustained operational momentum while aligning leadership incentives.
See More
Atlantic International Acquires Circle8, Creating $1.2 Billion Workforce Platform
- Acquisition Completed: Atlantic International Corp. has completed the acquisition of IT staffing company Circle8 Group in an all-stock transaction, marking a significant strategic expansion despite undisclosed financial details.
- Revenue Growth Potential: Circle8 generated approximately $780 million in revenue in 2025 and is projected to reach $1 billion organically by 2026, providing strong revenue support for Atlantic International.
- Global Market Expansion: This acquisition creates a diversified global workforce solutions platform with approximately $1.2 billion in annual revenue, successfully expanding Atlantic International's footprint into European markets and enhancing its competitiveness in the global HR solutions sector.
- Positive Stock Reaction: Following the acquisition announcement, Atlantic International's shares rose 5.33% in pre-market trading on Nasdaq, reaching $3.96 per share, reflecting market optimism regarding the acquisition.
See More
Atlantic International Corp. (NASDAQ:ATLN) Insider Ownership at 52% Indicates Significant Shareholder Influence
- Insider Ownership: Atlantic International's insiders hold 52% of the shares, with 42% owned by individual insiders, indicating significant influence over company decisions and potential for maximum gains if stock prices rise.
- Market Performance: The company's market cap reached $153 million last week, following a 35% increase in stock price, reflecting market confidence in future growth and potentially attracting more institutional investors.
- Institutional Investor Dynamics: Although institutional ownership is low at 10%, it suggests that the company remains on the radar of some funds, indicating potential for increased institutional interest in the future.
- Impact on Shareholders: The largest shareholder, SPP Credit Advisors LLC, owns 38% of the stock, highlighting potential influence over management, while CEO Jeffrey Jagid, as the second-largest shareholder, may drive short-term value creation for shareholders.
See More
Atlantic International's Lyneer Staffing Solutions Secures $17 Million Revenue Opportunity with Global E-Commerce Giant
Contract Announcement: Atlantic International Corp.'s subsidiary, Lyneer Staffing Solutions, has secured a contract potentially worth $17 million to provide staffing services for a global e-commerce logistics company over the next year.
Service Scope: The partnership includes both temporary staffing for peak demand and direct-hire placements, addressing the need for skilled workers in warehouse automation, inventory management, and last-mile delivery as e-commerce continues to grow.
See More
Atlantic International Appoints New CFO
- Executive Appointment: Atlantic International (ATLN) has appointed Kevin J. Murphy as Chief Financial Officer, effective February 2, 2026, indicating a strategic shift in the company's financial management.
- Background Experience: Prior to this role, Murphy served as EVP and division CFO at Hospitality Staffing Solutions, also briefly acting as CEO, showcasing his extensive experience in financial and operational management.
- Market Reaction: This appointment is likely to positively impact investor confidence, particularly as the company seeks to optimize its financial structure and enhance operational efficiency, which may bolster market trust in Atlantic International's future growth.
- Strategic Implications: Murphy's addition not only brings a fresh financial perspective to the company but may also drive Atlantic International towards greater financial transparency and stronger strategic execution in a competitive market environment.
See More
Baker Hughes Q4 Earnings Exceed Expectations
- Earnings Beat: Baker Hughes reported adjusted earnings of 78 cents per share for Q4, surpassing market expectations of 67 cents, indicating strong performance in the oil and gas sector, which is likely to boost investor confidence.
- Sales Growth: The company's quarterly sales reached $7.386 billion, exceeding expectations of $7.068 billion, reflecting its competitive edge amid recovering market demand and potentially driving future business expansion.
- Stock Price Surge: Baker Hughes shares rose 3.7% to $55.81 in pre-market trading, indicating a positive market reaction to its financial performance, which may attract more investor interest.
- Industry Impact: This earnings improvement not only strengthens Baker Hughes' market position but could also positively influence the entire oil and gas industry, prompting other companies to increase investment and innovation efforts.
See More
Atlantic International Corp Acquires Circle8 Group, Valued at $1.2 Billion
- Acquisition Expansion: Atlantic International Corp's acquisition of Europe-based Circle8 Group aims to deepen technology staffing and drive a cross-Atlantic workforce platform for industrial and IT talent, although financial terms remain undisclosed.
- Revenue Growth Potential: The deal combines Atlantic's North American light-industrial staffing with Circle8's European IT recruiting, creating a combined platform valued at approximately $1.2 billion in annual revenue, indicating strong market potential.
- Market Footprint: Circle8 is projected to generate around $780 million in unaudited revenue in 2025, with expectations to reach $1 billion in organic revenue by 2026, enhancing Atlantic's presence in the European market.
- Leadership Structure: Circle8 founder and CEO Guus Franke will continue to lead the business and join Atlantic's board, ensuring sustained operational momentum while aligning leadership incentives.
See More
Atlantic International Acquires Circle8, Creating $1.2 Billion Workforce Platform
- Acquisition Completed: Atlantic International Corp. has completed the acquisition of IT staffing company Circle8 Group in an all-stock transaction, marking a significant strategic expansion despite undisclosed financial details.
- Revenue Growth Potential: Circle8 generated approximately $780 million in revenue in 2025 and is projected to reach $1 billion organically by 2026, providing strong revenue support for Atlantic International.
- Global Market Expansion: This acquisition creates a diversified global workforce solutions platform with approximately $1.2 billion in annual revenue, successfully expanding Atlantic International's footprint into European markets and enhancing its competitiveness in the global HR solutions sector.
- Positive Stock Reaction: Following the acquisition announcement, Atlantic International's shares rose 5.33% in pre-market trading on Nasdaq, reaching $3.96 per share, reflecting market optimism regarding the acquisition.
See More
Atlantic International Corp. (NASDAQ:ATLN) Insider Ownership at 52% Indicates Significant Shareholder Influence
- Insider Ownership: Atlantic International's insiders hold 52% of the shares, with 42% owned by individual insiders, indicating significant influence over company decisions and potential for maximum gains if stock prices rise.
- Market Performance: The company's market cap reached $153 million last week, following a 35% increase in stock price, reflecting market confidence in future growth and potentially attracting more institutional investors.
- Institutional Investor Dynamics: Although institutional ownership is low at 10%, it suggests that the company remains on the radar of some funds, indicating potential for increased institutional interest in the future.
- Impact on Shareholders: The largest shareholder, SPP Credit Advisors LLC, owns 38% of the stock, highlighting potential influence over management, while CEO Jeffrey Jagid, as the second-largest shareholder, may drive short-term value creation for shareholders.
See More
Atlantic International's Lyneer Staffing Solutions Secures $17 Million Revenue Opportunity with Global E-Commerce Giant
Contract Announcement: Atlantic International Corp.'s subsidiary, Lyneer Staffing Solutions, has secured a contract potentially worth $17 million to provide staffing services for a global e-commerce logistics company over the next year.
Service Scope: The partnership includes both temporary staffing for peak demand and direct-hire placements, addressing the need for skilled workers in warehouse automation, inventory management, and last-mile delivery as e-commerce continues to grow.
See More
