Radiant Logistics Inc (RLGT) Faces Headwinds: A Dive into Q2 Fiscal 2024 Results [Yahoo! Finance]
Radiant Logistics, Inc. (RLGT)
NASDAQ:AMEX Investor Relations:
radiantdelivers.com
Company Research
Source: Yahoo! Finance
Net Income : Attributable to RLGT fell to $1.0 million, a 79.2% decline year-over-year. Adjusted EBITDA : Decreased by 52.5% to $7.7 million. Stock Buy-Back : Repurchased 532,401 shares at an average cost of $5.79 per share. Acquisitions : Acquired Daleray Corporation and Select Logistics, Inc. to bolster cruise industry logistics. Warning! GuruFocus has detected 5 Warning Signs with POWI. Radiant Logistics Inc ( RLGT ), a third-party logistics company, released its 8-K filing on February 8, 2024, detailing its financial results for the second fiscal quarter ended December 31, 2023. The company, which operates in the United States and Canada, faced significant market headwinds that led to a decrease in both revenue and net income. Financial Performance and Challenges RLGT reported a notable decline in revenues, which decreased by 27.7% to $201.1 million compared to the same period last year. Gross profit also saw a reduction, falling by 16.7% to $58.8 million. The compa
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RLGT
News
- RADIANT LOGISTICS TO HOST INVESTOR CALL TO DISCUSS FINANCIAL RESULTS FOR THIRD FISCAL QUARTER ENDED MARCH 31, 2024PR Newswire
- IT'S THE NETWORK THAT DELIVERS: RADIANT RECOGNIZED AS A TOP 100 LOGISTICS AND TOP 100 FREIGHT BROKERAGE PROVIDER FOR 2024 [Yahoo! Finance]Yahoo! Finance
- IT'S THE NETWORK THAT DELIVERS: RADIANT RECOGNIZED AS A TOP 100 LOGISTICS AND TOP 100 FREIGHT BROKERAGE PROVIDER FOR 2024PR Newswire
- RADIANT LOGISTICS ACQUIRES STRATEGIC OPERATING PARTNER VIKING WORLDWIDE, INC.PR Newswire
- Radiant Logistics: Cheap At 8.5x EV/EBITDA In A Tough Market (Rating Upgrade) [Seeking Alpha]Seeking Alpha
RLGT
Sec Filings
- 3/22/24 - Form 4
- 3/20/24 - Form 8-K
- 2/15/24 - Form 4
- RLGT's page on the SEC website