Staffing firm Atlantic International's Q1 revenue jumps after Circle8 acquisition

Atlantic International Corp

Atlantic International Corp

ATLN

0.00


Overview

  • US workforce solutions provider's Q1 revenue rose 143% yr/yr after Circle8 acquisition

  • Company's growth driven by Circle8 acquisition expanding scale and geographic reach

  • Combined operations now exceed $1.1 bln in annualized revenue across North America and Europe


Outlook

  • Company did not provide specific financial guidance for future quarters or the full year in press release


Result Drivers

  • CIRCLE8 ACQUISITION - Revenue and operating scale increased significantly due to the Circle8 Group acquisition and its integration


Company press release: ID:nGNX6QTnNP


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

$249.9 mln


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