Radiant Logistics announces results for second fiscal quarter

Radiant Logistics, Inc., a third-party logistics and multimodal transportation services company, reported financial results for the three and six months ended December 31, 2018. Record quarterly results with revenues...

Company Financial Release
February 14, 2019

Radiant Logistics, Inc., a third-party logistics and multimodal transportation services company, reported financial results for the three and six months ended December 31, 2018.

Record quarterly results with revenues of $260.9 million, up $54.2 million or 26.2%; Net revenues of $64.0 million, up $16.6 million or 35.0%; and Adjusted EBITDA of $12.5 million, up $5.4 million or 76.1%

Second Fiscal Quarter Financial Highlights (Quarter Ended December 31, 2018)

  • Revenues increased to a record $260.9 million for the second fiscal quarter ended December 31, 2018, up $54.2 million or 26.2%, compared to revenues of $206.7 million for the comparable prior year period.
  • Net revenues increased to a record $64.0 million for the second fiscal quarter ended December 31, 2018, up $16.6 million or 35.0%, compared to net revenues of $47.4 million for the comparable prior year period.
  • Net income allocable to common stockholders increased to $3.8 million (including a charge of $1.7 million related to the redemption of the Company’s preferred stock), or $0.08 per basic and $0.07 per fully diluted share, compared to net income of $3.3 million, or $0.07 per basic and fully diluted share for the comparable prior year period.
  • Adjusted net income allocable to common stockholders, a non-GAAP financial measure, increased to a record $8.2 million, or $0.16 per basic and fully diluted share for the second fiscal quarter ended December 31, 2018, compared to adjusted net income allocable to common stockholders of $3.6 million, or $0.07 per basic and fully diluted share for the comparable prior year period. Adjusted net income allocable to common stockholders is calculated by applying a normalized tax rate of 24.5% for the three months ended December 31, 2018 and 31.0% for the comparable prior year period and excluding other items not considered part of regular operating activities.
  • Adjusted EBITDA increased to a record $12.5 million for the second fiscal quarter ended December 31, 2018, up $5.4 million or 76.1%, compared to adjusted EBITDA of $7.1 million for the comparable prior year period.
  • Adjusted EBITDA margin (expressed as a function of net revenues) increased 440 basis points to a record 19.5% for the second fiscal quarter ended December 31, 2018, compared to Adjusted EBITDA margin of 15.1% for the comparable prior year period.

Click here to see full press release

About Radiant Logistics, Inc.

Radiant Logistics, Inc. (www.radiantdelivers.com) is a comprehensive North American provider of third-party logistics and multimodal transportation services. Through its comprehensive service offering, Radiant provides domestic and international freight forwarding services, truck and rail brokerage services and other value-added supply chain management services, including customs brokerage, order fulfillment, inventory management and warehousing to a diversified account base including manufacturers, distributors and retailers using a network of independent carriers and international agents positioned strategically around the world.

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