EVANSVILLE, Ind. — The 62 stockholder agents of Evansville-based Atlas World Group (AWG) enter the final three months of the year with projections of near-record revenues. Chief financial officer Richard J. Olson released his projections to stockholders during their annual meeting at Atlas' world headquarters in Evansville, IN.
Olson predicted a nearly 10% increase in revenue over last year, totaling nearly $593 million in total revenue in 2004, with a projected net income of $16 million. Annual revenue reached its high point in 2000 when Atlas earned $608 million. Revenue dropped sharply for the next two years following a downturn in the economy and sale of a subsidiary.
"We're pleased to be able to share these numbers with the very people who work so hard to make our company as successful as it is," said Mike Shaffer, Atlas Chairman and CEO. "These numbers reflect how well we are doing in the industry, how our economy has changed during the past few years, and the kinds of efficiencies we've achieved in staffing.
In addition to receiving the financial report, stockholders elected the class-one directors to the Atlas World Group Board of Directors:
Continuing on the Board until their term expires in 2005 are:
With more than 700 employees throughout North America, Atlas World Group serves as the holding company for eight subsidiary companies. More than 600 Atlas agents in the United States and Canada specialize in corporate employee relocation and in the transportation of high-value items such as electronics, fine art, new fixtures and furniture. Visit www.atlasworldgroup.com for more information on the company and Atlas agents.