Atlantic International reports Q2 EPS (20c) vs ($1.96) last year

Service revenue was $102.9 million, with permanent placement services up 17% year-over-year. “We are pleased to report substantial progress in our operational performance and financial position during the second quarter,” said Jeffrey Jagid, Chief Executive Officer of Atlantic International (ATLN) Corp. “Our significant improvement in profitability metrics, combined with positive operating cash flow generation, reflects the strength of our business model and the dedication of our team. While we navigated some economic headwinds in the quarter, we’re seeing encouraging momentum heading into the third quarter, with strong demand in both our temporary and permanent placement services, as well as improved operational efficiency across our platform. We expect the second half of the year to show continued improvement as market conditions stabilize and our strategic initiatives gain traction.”