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ENGLEWOOD CLIFFS, N.J. - Atlantic International Corp. (NASDAQ: ATLN), a key player in outsourced services and workforce solutions with annual revenue of $444.8 million and 10.11% year-over-year growth, today announced the immediate appointment of Matt Evelt as its new Chief Operating Officer (COO). According to InvestingPro data, the company currently has a market capitalization of $240.7 million. With over twenty years of industry experience, Evelt is expected to lead global operations and contribute to the company’s growth and efficiency improvements.
Evelt’s extensive background includes his most recent role as President – Americas at Airswift, where he led successful operations across the Western Hemisphere. His career spans significant leadership positions at The ROOSEVELT Strategic, Gattaca, NES Fircroft, and TRS Staffing Solutions, where he has been recognized for delivering growth and operational excellence in diverse regions such as the U.S., Canada, Latin America, and the Middle East.
Jeffrey Jagid, CEO of Atlantic International, expressed confidence in Evelt’s ability to lead with integrity and foster scalable workforce solutions that respond to the dynamic needs of the company’s global clientele. Evelt himself is excited about the opportunity to join Atlantic International, emphasizing his commitment to excellence in workforce delivery and his anticipation of accelerating the company’s growth.
Evelt, who holds a B.A. in Government with a Business minor from The University of Texas at Austin, is bilingual in English and Spanish. His leadership has been consistently highlighted by his innovative approach and operational discipline, with a strong focus on client success.
Atlantic International Corp. serves international markets with agile talent strategies and compliance-driven staffing models, aiming to help businesses adapt and thrive in a changing workforce landscape. InvestingPro analysis reveals the company operates with a moderate debt level and faces some financial challenges, including a gross profit margin of 10.77% and a current ratio of 0.62. InvestingPro subscribers have access to 8 additional key insights about the company’s financial health.
This announcement is based on a press release statement and contains forward-looking statements regarding Atlantic International and its subsidiary company Lyneer. While the stock has shown strong returns over the past week (+14.96%), InvestingPro data indicates a significant decline of -48.14% over the past six months. These statements reflect the company’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. The company has also filed periodic reports with the Securities and Exchange Commission, which are available on its website.
Investors are cautioned not to place undue reliance on these forward-looking statements, which are valid only as of today’s date. Atlantic International does not undertake any obligation to update these statements except as required by law.
In other recent news, Atlantic International Corp. has launched a new conversational AI platform through its subsidiary, Lyneer Staffing Solutions. This AI-powered assistant is designed to transform hiring and compensation decisions by offering real-time workforce intelligence and compensation insights. The platform integrates data from various hiring platforms and includes regional economic indicators and career trajectory analytics, providing actionable insights for businesses. It allows hiring managers and HR professionals to engage in natural dialogue to access market intelligence, facilitating informed hiring strategies. Subscribers to the platform will benefit from features such as real-time compensation analysis, insights into benefits and bonus structures, and career progression forecasting. The service also includes cost-of-living adjustments for different markets and custom report generation, promising continuous updates and enhancements. Jeffrey Jagid, CEO of Atlantic International, highlighted the subscription service’s role in eliminating barriers to advanced workforce intelligence, with a scalable model that allows clients to adjust their access as needed. This launch is a significant step in Atlantic International’s expansion into AI-powered workforce solutions.
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