Financial Performance - For the three months ended December 31, 2024, total revenues reached $264.5 million, a significant increase from $201.1 million in the same period of 2023, representing a growth of 31.4%[135] - Adjusted gross profit for the same period was $63.3 million, up from $62.0 million year-over-year, indicating a slight increase of 2.1%[135] - Transportation revenue increased by $64.3 million, or 34.2%, to $252.1 million for the three months ended December 31, 2024, compared to $187.8 million in 2023[136] - Adjusted EBITDA for the three months ended December 31, 2024, was $12.0 million, compared to $7.7 million for the same period in 2023, reflecting a significant increase[148] - Net income attributable to Radiant Logistics, Inc. was $6.5 million for the three months ended December 31, 2024, compared to $1.1 million in the prior year[139] - The company reported a net income attributable to Radiant Logistics, Inc. of $12.1 million for the three months ended December 31, 2024, compared to $1.0 million in the same period of 2023[148] - Net income attributable to Radiant Logistics, Inc. was $21.2 million for the six months ended December 31, 2024, compared to $3.6 million in the same period of 2023[162] Revenue Breakdown - Adjusted gross profit increased to $63.3 million for the three months ended December 31, 2024, from $62.0 million in 2023, with adjusted gross profit percentage decreasing from 30.8% to 23.9%[138] - Adjusted gross profit for the six months ended December 31, 2024, was $120.9 million, slightly down from $122.8 million in 2023[153] - Value-added services revenue decreased by $0.8 million, or 6.0%, to $12.5 million for the three months ended December 31, 2024, compared to $13.3 million in 2023[137] - Adjusted value-added services revenue decreased to $24.2 million for the six months ended December 31, 2024, from $26.1 million in 2023, driven by lower volumes from certain customers[152] Cost and Expenses - The company reported a cost of transportation and other services of $201.2 million for Q4 2024, compared to $139.1 million in Q4 2023, marking an increase of 44.7%[135] - Operating partner commissions decreased by $6.5 million, or 25.3%, to $19.3 million for the three months ended December 31, 2024, as a result of conversions to Company-owned locations[141] - Personnel costs decreased by $0.2 million, or 1.0%, to $19.6 million for the three months ended December 31, 2024, with personnel costs as a percentage of adjusted gross profit decreasing to 30.9% from 31.9%[142] - Selling, general and administrative expenses increased by $0.3 million, or 3.0%, to $10.8 million for the three months ended December 31, 2024, with SG&A as a percentage of adjusted gross profit increasing to 17.1%[143] - Depreciation and amortization costs increased by $0.6 million, or 15.4%, to $5.0 million for the three months ended December 31, 2024, with costs as a percentage of adjusted gross profit increasing to 8.0%[144] Strategic Initiatives - The company plans to continue its organic growth strategy by strengthening existing customer relationships and expanding its network of strategic operating partner locations[124] - The company is actively seeking acquisition candidates that can provide critical mass and complementary service offerings to enhance its logistics capabilities[125] Market Conditions - The company acknowledges that external factors such as inflation and geopolitical tensions may negatively impact its business and financial results[126] - Future financial results may be impacted by amortization of intangible assets from acquisitions and changes in fair value of contingent consideration, which are difficult to predict[147] Cash Flow and Financing - Net cash provided by operating activities increased to $15.9 million for the six months ended December 31, 2024, up from $12.1 million in 2023[165] - Net cash used for investing activities was $19.4 million, with $15.9 million allocated for acquisitions during the six months ended December 31, 2024[166] - Net cash used for financing activities was $1.4 million for the six months ended December 31, 2024, compared to $6.8 million for the same period in 2023[167] - Payments for repurchases of common stock were $0.7 million for the six months ended December 31, 2024, down from $3.1 million in 2023[167] - The Company entered into a $200 million revolving credit facility, with a $150 million tranche in U.S. Dollars and a $50 million tranche in either U.S. or Canadian Dollars[168] - As of December 31, 2024, there were no borrowings outstanding on the Revolving Credit Facility, and the Company was in compliance with its covenants[171] Interest and Currency Impact - A 1.0% increase in interest rates would increase interest expense by approximately $0.01 million per $1.0 million in borrowings[173] - If foreign exchange rates were 1.0% higher or lower, net income for the six months ended December 31, 2024, would have changed by approximately $0.01 million[172]

Financial Performance - Revenues for the second fiscal quarter ended December 31, 2024, were $264.5 million, an increase of $63.4 million or 31.5% compared to $201.1 million in the prior year period[3] - Gross profit for the second fiscal quarter was $59.6 million, up $0.8 million or 1.4% from $58.8 million in the comparable prior year period[3] - Net income attributable to Radiant Logistics for the second fiscal quarter was $6.5 million, or $0.14 per basic share, a significant increase of $5.5 million or 550.0% compared to $1.0 million in the prior year[3] - Adjusted net income for the second fiscal quarter was $10.7 million, or $0.23 per basic share, up $5.2 million or 94.5% from $5.5 million in the prior year[10] - Adjusted EBITDA for the second fiscal quarter was $12.0 million, an increase of $4.3 million or 55.8% compared to $7.7 million in the prior year[11] - For the six months ended December 31, 2024, the company reported revenues of $468.1 million and net income of $9.8 million, compared to $411.9 million and $3.6 million in the prior year[12] - Revenues for the three months ended December 31, 2024, were $264,544,000, representing a 31.5% increase from $201,082,000 in the same period of 2023[24] - Net income attributable to Radiant Logistics, Inc. for the three months ended December 31, 2024, was $6,467,000, compared to $985,000 in the same period of 2023, marking a significant increase of 558.5%[24] - Adjusted net income for the six months ended December 31, 2024, reached $18,578,000, a 54.4% increase from $12,046,000 in the same period of 2023[32] - Basic adjusted net income per share rose to $0.23 for Q4 2024, compared to $0.12 in Q4 2023, marking a 91.7% increase[32] Operational Efficiency - The adjusted EBITDA margin increased to 19.0%, up 660 basis points from 12.4% in the prior year[3] - Adjusted EBITDA for the three months ended December 31, 2024, was $12,016,000, up from $7,708,000 in 2023, reflecting a growth of 56.5%[31] - The adjusted EBITDA margin improved to 19.0% in Q4 2024, compared to 12.4% in Q4 2023, indicating enhanced operational efficiency[31] Assets and Liabilities - Total assets increased to $386,761,000 as of December 31, 2024, compared to $371,185,000 as of June 30, 2024, reflecting a growth of 4.3%[22] - Total liabilities rose to $172,213,000 as of December 31, 2024, compared to $161,676,000 as of June 30, 2024, indicating an increase of 6.3%[22] - Cash and cash equivalents decreased to $19,908,000 as of December 31, 2024, down from $24,874,000 as of June 30, 2024, a decline of 20.1%[22] - The company’s total equity increased to $214,548,000 as of December 31, 2024, compared to $209,509,000 as of June 30, 2024, reflecting a growth of 2.5%[22] Acquisitions and Market Presence - The company completed three acquisitions in the last quarter, including Foundation Logistics, Focus Logistics, and TCB Transportation, enhancing its service offerings and market presence[4][5][6] Challenges and Market Conditions - The company expects near-term results to be challenged by market headwinds and tariffs affecting trade with China, Mexico, and Canada[8] Shareholder Information - The weighted average common shares outstanding for the three months ended December 31, 2024, were 46,942,639 for basic shares and 48,983,153 for diluted shares[24] - The weighted average common shares outstanding for diluted earnings was 48,983,153 in Q4 2024, slightly down from 48,907,452 in Q4 2023[32] Other Financial Metrics - The company reported a GAAP gross profit of $59,598,000 for the three months ended December 31, 2024, with a GAAP gross profit percentage of 22.5%[30] - Adjusted gross profit for the three months ended December 31, 2024, was $63,305,000, up from $61,997,000 in 2023, with an adjusted gross profit percentage of 23.9%[30] - Operating expenses for the three months ended December 31, 2024, totaled $255,822,000, compared to $199,418,000 in the same period of 2023, an increase of 28.3%[24] - Depreciation and amortization expenses for the three months ended December 31, 2024, were $5,038,000, compared to $4,479,000 in 2023, an increase of 12.5%[31] - The company incurred litigation costs of $130,000 in Q4 2024, down from $741,000 in Q4 2023, showing a reduction of 82.5%[32] - The company reported a foreign currency transaction loss of $181,000 in Q4 2024, compared to a gain of $79,000 in Q4 2023[31]

Core Insights - Radiant Logistics, Inc. continues to show strong financial performance despite market challenges, reporting significant growth in revenues and net income for the second fiscal quarter ended December 31, 2024 [1][9][11]. Financial Performance - For the three months ended December 31, 2024, the company reported revenues of $264.5 million, an increase of $63.4 million or 31.5% compared to $201.1 million in the same period of the previous year [11]. - Net income attributable to Radiant Logistics, Inc. for the same period was $6.5 million, up from $1.0 million, representing a 550.0% increase [9][11]. - Adjusted net income for the three months ended December 31, 2024, was $10.7 million, a 94.5% increase from $5.5 million in the prior year [10][31]. - Adjusted EBITDA for the quarter was $12.0 million, reflecting a 55.8% increase compared to $7.7 million in the same quarter of the previous year [12][31]. Acquisition Strategy - The company has made several strategic acquisitions, including Foundation Logistics & Services, Focus Logistics, and TCB Transportation, aimed at enhancing its service offerings and market presence [3][4][5][8]. - Each acquisition was structured to include a performance-based component in the purchase price, aligning future payments with the success of the acquired operations [6]. Market Position and Outlook - The company maintains a strong balance sheet with approximately $20.0 million in cash and an untapped $200 million credit facility, positioning it well for future growth [8]. - Despite strong current results, the company anticipates challenges in the near term due to market headwinds and tariffs affecting trade with China, Mexico, and Canada [8]. Operational Highlights - The company has been actively involved in humanitarian efforts, including chartering flights to address national shortages of IV fluids due to Hurricane Milton, showcasing its commitment to social responsibility [7]. - The adjusted EBITDA margin improved to 19.0%, up from 12.4% in the prior year, indicating enhanced operational efficiency [11][30]. Six-Month Financial Overview - For the six months ended December 31, 2024, revenues totaled $468.1 million, up from $411.9 million in the same period of the previous year [13][22]. - Net income for the six-month period was $9.8 million, compared to $3.6 million in the prior year, reflecting strong growth [13][24].

Core Points - Radiant Logistics, Inc. will host a conference call on February 10, 2025, at 4:30 PM Eastern to discuss its financial results for the three and six months ended December 31, 2024 [1][2][3] Company Overview - Radiant Logistics operates as a third-party logistics company, providing technology-enabled global transportation and value-added logistics services primarily in the United States and Canada [4] - The company offers a comprehensive range of services including domestic and international freight forwarding, truck and rail brokerage, warehouse and distribution, customs brokerage, order fulfillment, inventory management, and technology services [4]

Company Overview - Radiant Logistics, Inc. is a technology-enabled global transportation and value-added logistics solutions provider, publicly traded on NYSE American under the ticker RLGT [5] - The company operates through its subsidiary Radiant Road and Rail, Inc., which focuses on U.S. intermodal and over-the-road brokerage services [4] Acquisition Details - Radiant Logistics has acquired the assets and operations of TCB Transportation Associates, a St. Louis-based intermodal marketing company specializing in the movement of 40 and 53-foot containers across North America [1] - The acquisition was structured with a portion of the purchase price contingent on the future performance of TCB's operations [1] TCB Transportation Profile - TCB, founded in 1999, offers door-to-door service by leveraging relationships with steamship lines, Class I railroads, and an extensive drayage network [2] - The company is recognized as one of the top providers for 40-foot container services, serving various end-markets including forestry products, food & beverage, metals & mining, and chemicals [2] Leadership and Integration - Post-acquisition, TCB will continue under the leadership of its founder, Jerry Kausch, Jr., with plans to transition to the Radiant brand in 2025 [2] - Jerry Kausch, Jr. will report to Christopher Brach, SVP and General Manager of Radiant Road & Rail, Inc. [2] Strategic Vision - The partnership aims to enhance TCB's service offerings by integrating Radiant's robust technology platform and expanding access to over-the-road brokerage and international forwarding services [3] - Radiant's CEO, Bohn Crain, emphasized the strategic importance of this acquisition in accelerating the growth of their bi-modal brokerage platform [3]

Group 1 - The article discusses the initiation of coverage for Radiant Logistics, Inc. (NYSE: RLGT) in August 2024, with a buy rating despite the challenges faced by 3PL service providers and a difficult macroeconomic environment [1] - The investing group, The Aerospace Forum, aims to identify investment opportunities in the aerospace, defense, and airline sectors, leveraging data analytics for informed decision-making [1] - The analyst, with a background in aerospace engineering, provides insights into the industry’s growth prospects and the implications of various developments on investment strategies [1]

Financial Data and Key Metrics Changes - For Q1 2025, the company reported net income of $3.376 million on revenues of $203.6 million, representing an increase of approximately $754,000 or 28.8% compared to the prior year [8][9] - Adjusted net income for the quarter was $7.883 million, up approximately $1.334 million or 20.4% from $6.549 million in the same period last year [9] - Adjusted EBITDA was reported at $9.452 million, an increase of approximately $285,000 or 3.1% from $9.167 million in the prior year [9] Business Line Data and Key Metrics Changes - The company made progress with the acquisition of Foundation Logistics and the conversion of Focus Logistics, which are expected to enhance operational capabilities and revenue generation [6][8] - The company is focusing on both organic growth and strategic acquisitions to drive profitability [5][6] Market Data and Key Metrics Changes - The company noted a tightening of capacity on the West Coast due to increased ocean import activity, which may indicate a shift in market dynamics [26] - The overall market remains soft, particularly outside of e-commerce, with challenges noted in sectors like food and beverage [38] Company Strategy and Development Direction - The company aims to leverage its strong balance sheet, with approximately $10 million in cash and no meaningful debt, to pursue strategic acquisitions and stock buybacks [5][6] - The focus remains on delivering profitable growth through a combination of organic initiatives and acquisitions, while also managing the balance sheet effectively [5][43] Management's Comments on Operating Environment and Future Outlook - Management expects continued market headwinds into 2025 but anticipates benefiting from project-type opportunities in the near term [4][11] - There is cautious optimism regarding the potential for a more business-friendly environment that could stimulate investment and growth [26][43] Other Important Information - The company reported a $1 million gain on litigation, which contributed to the net income for the quarter [8][19] - Cash flow from operations was near breakeven at $205,000, impacted by significant outflows related to acquisitions [40] Q&A Session Summary Question: Source of pop-up work - Management indicated that the pop-up work was partly storm-related, responding to humanitarian needs following hurricanes [11] Question: Expectations for ocean pricing in 2025 - Management expects near-term prices to remain robust due to tariff anticipation and capacity constraints, but long-term pricing remains uncertain [13][14] Question: Impact of tariffs on customer behavior - There has been a pull forward in customer activity in anticipation of potential tariffs, but the long-term effects are still unclear [15] Question: EBITDA margins for upcoming quarter - Management expects EBITDA margins to decrease slightly due to the nature of project work, but gross margin dollars are expected to increase [16] Question: Changes in commission expenses - A significant reduction in agency commissions was attributed to a mix of products and the integration of acquired agencies, which do not incur commission expenses [21][22] Question: Observations of green shoots in the market - Management noted tightening capacity on the West Coast and expressed hope for a more sustainable recovery in the business environment [26] Question: Insights on incremental acquisitions - The company is actively pursuing tuck-in acquisitions as agency partners approach retirement, with favorable market conditions for transactions [29][31] Question: Customer reactions to tariffs - Management discussed the varied impacts of tariffs on different industries and the potential for supply chain reconfigurations [35][36] Question: Specific end market performance - The overall market remains soft, with limited positive signals outside of e-commerce [38]

Financial Performance - Revenues for the three months ended September 30, 2024, were $203.565 million, a decrease of 3.8% compared to $210.797 million for the same period in 2023[5] - Net income attributable to Radiant Logistics, Inc. for the quarter was $3.376 million, representing an increase of 28.8% from $2.622 million in the prior year[5] - Total gross revenues for the three months ended September 30, 2024, were $203,565,000, a decrease from $210,797,000 for the same period in 2023, representing a decline of approximately 3.2%[35] - Net income attributable to Radiant Logistics, Inc. for the three months ended September 30, 2024, was $9.166 million, compared to $7.496 million for the same period in 2023, representing a 22.2% increase[83] - Adjusted EBITDA for the three months ended September 30, 2024, was $10.353 million, compared to $8.895 million for the same period in 2023, reflecting a 16.4% increase[83] Assets and Liabilities - Total current assets decreased to $157.759 million as of September 30, 2024, down from $164.205 million at the end of June 2024[4] - Total assets increased to $375.258 million as of September 30, 2024, compared to $371.185 million at the end of June 2024[4] - Total liabilities were $162.770 million as of September 30, 2024, slightly up from $161.676 million at the end of June 2024[4] - Cash and cash equivalents decreased to $10.448 million as of September 30, 2024, down from $24.874 million at the end of June 2024[4] Shareholder Information - The company had 46,915,415 shares outstanding as of November 4, 2024[2] - The company repurchased common stock totaling $708,000 during the three months ended September 30, 2024, compared to $230,000 in the same period of 2023[8] - A total of 129,360 shares of common stock were repurchased at an average price of $5.47 per share during the three months ended September 30, 2024[96] - The maximum number of shares that may yet be purchased under the repurchase program is 4,676,592 shares[96] Operating Expenses - Operating expenses totaled $199.761 million for the quarter, a decrease from $207.136 million in the same quarter of 2023[5] - Selling, general and administrative (SG&A) expenses increased by $0.8 million, or 8.9%, to $10.3 million for the three months ended September 30, 2024, driven by increased technology spending and higher travel costs[82] - Personnel costs remained flat at $19.6 million for the three months ended September 30, 2024, but as a percentage of adjusted gross profit, they increased to 34.1% from 32.3%[82] Cash Flow - Cash provided by operating activities for the three months ended September 30, 2024, was $205,000, a significant decrease from $7,886,000 in the same period of 2023[8] - Net cash provided by operating activities decreased to $0.2 million for the three months ended September 30, 2024, down from $7.9 million in the same period of 2023, a decline of $7.7 million[85] - Cash used for investing activities increased significantly to $13.5 million for the three months ended September 30, 2024, compared to $2.5 million in the same period of 2023, primarily due to $11.4 million paid for acquisitions[85] Acquisitions - The company completed an acquisition during the three months ended September 30, 2024, with a net cash outflow of $11,444,000[8] - The company acquired Foundation Logistics & Services, LLC on September 1, 2024, with goodwill recorded in the United States operating segment[69] - The company also acquired the assets and operations of Focus Logistics, Inc. effective October 1, 2024, to enhance its offerings in the Detroit area[70] Revenue Recognition - The Company recognizes revenue primarily from transportation services, which include both domestic and international freight arrangements, with revenue recognized upon the transfer of control over the requisite transit period[22] - Transportation revenue for the three months ended September 30, 2024, was $191.8 million, a decrease of $6.2 million or 3.1% compared to $198.0 million in 2023[79] - Adjusted transportation gross profit was $50.8 million for the three months ended September 30, 2024, down from $53.8 million in 2023, with net transportation margins decreasing from 27.2% to 26.5%[79] Internal Controls and Compliance - The company reported a material weakness in internal controls over financial reporting related to the recording and processing of revenue transactions as of September 30, 2024[91] - Management made significant progress in designing and implementing new controls to mitigate risks associated with revenue accuracy during fiscal year 2024[92] - Enhanced procedures and controls have been implemented to improve the accuracy of revenue accruals[92] - Management believes that the suite of controls implemented will provide reasonable assurance against material misstatements in revenue[92] Economic Environment - The global economic environment remains uncertain, with inflation and geopolitical tensions potentially impacting business and financial results[74]

Exhibit 99.1 1 RADIANT LOGISTICS ANNOUNCES RESULTS FOR THE FIRST FISCAL QUARTER ENDED SEPTEMBER 30, 2024 Continues to deliver solid financial results in face of continued market headwinds; Further progress in green-field and strategic operating partner acquisitions; Well positioned for further growth with $200 million credit facility RENTON, WA November 12, 2024 – Radiant Logistics, Inc. (NYSE American: RLGT), a technology-enabled global transportation and value-added logistics services company, today repor ...

Continues to deliver solid financial results in face of continued market headwinds; Further progress in green-field and strategic operating partner acquisitions; Well positioned for further growth with $200 million credit facilityRENTON, Wash., Nov. 12, 2024 /PRNewswire/ -- Radiant Logistics, Inc. (NYSE American: RLGT), a technology-enabled global transportation and value-added logistics services company, today reported financial results for the three months ended September 30, 2024.Financial Highlights – T ...