Radiant Logistics Inc
AMEX:RLGT
Radiant Logistics Inc
Radiant Logistics, Inc. is a non-asset-based global transportation and supply chain management company. The company is headquartered in Renton, Washington and currently employs 836 full-time employees. The company went IPO on 2005-03-11. The company provides domestic and international freight forwarding along with truck and rail brokerage services to a diversified account base, including manufacturers, distributors and retailers that have agent-owned offices throughout North America and other markets around the world. Its value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management, and technology services. The company serves various industries, such as consumer goods, food and beverage, electronics and high-tech, aviation and automotive, military and government, and manufacturing and retail customers. As a third-party logistics provider, its primary business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment and other goods.
Radiant Logistics, Inc. is a non-asset-based global transportation and supply chain management company. The company is headquartered in Renton, Washington and currently employs 836 full-time employees. The company went IPO on 2005-03-11. The company provides domestic and international freight forwarding along with truck and rail brokerage services to a diversified account base, including manufacturers, distributors and retailers that have agent-owned offices throughout North America and other markets around the world. Its value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management, and technology services. The company serves various industries, such as consumer goods, food and beverage, electronics and high-tech, aviation and automotive, military and government, and manufacturing and retail customers. As a third-party logistics provider, its primary business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment and other goods.
Adjusted EBITDA: Adjusted EBITDA was $11.8 million for the quarter, with normalized growth of 93.4% year-over-year when excluding last year's one-time Milton project.
Margins: Adjusted gross profit margin rose to 27.3%, up 340 basis points versus the prior year, as business mix normalized.
Net Income: Net income decreased 18% to $5.35 million due to tough comps against last year's disaster-related project work.
Digital Initiatives: Radiant expanded its Navigate platform and launched "Ray," an AI-powered agent to drive operational efficiency.
Demand Environment: Management noted early signs of capacity tightening and improving sentiment, but expects March to remain seasonally slow.
Capital Allocation: The company remains virtually debt-free and continued buybacks, repurchasing $2.7 million in shares during the quarter.
