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RADIANT LOGISTICS ANNOUNCES RESULTS FOR THE SECOND FISCAL QUARTER ENDED DECEMBER 31, 2024
RLGTRadiant(RLGT) Prnewswire·2025-02-10 21:05

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 264.5million,anincreaseof264.5 million, an increase of 63.4 million or 31.5% compared to 201.1millioninthesameperiodofthepreviousyear[11].−NetincomeattributabletoRadiantLogistics,Inc.forthesameperiodwas201.1 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 1.0million,representinga550.01.0 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 5.5millionintheprioryear[10][31].−AdjustedEBITDAforthequarterwas5.5 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 200millioncreditfacility,positioningitwellforfuturegrowth[8].−Despitestrongcurrentresults,thecompanyanticipateschallengesintheneartermduetomarketheadwindsandtariffsaffectingtradewithChina,Mexico,andCanada[8].OperationalHighlights−Thecompanyhasbeenactivelyinvolvedinhumanitarianefforts,includingcharteringflightstoaddressnationalshortagesofIVfluidsduetoHurricaneMilton,showcasingitscommitmenttosocialresponsibility[7].−TheadjustedEBITDAmarginimprovedto19.0200 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 411.9millioninthesameperiodofthepreviousyear[13][22].−Netincomeforthesix−monthperiodwas411.9 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].