Radiant Logistics looks for back-half 2024 inflection [Yahoo! Finance]
Radiant Logistics, Inc. (RLGT)
NASDAQ:AMEX Investor Relations:
radiantdelivers.com
Company Research
Source: Yahoo! Finance
“We remain optimistic that we are at or near the bottom of this cycle and would expect markets to begin to find their way to more sustainable and normalized levels towards the back half of calendar 2024,” said Bohn Crain, founder and CEO, in a news release. Radiant ( NYSE: RLGT ) reported adjusted earnings per share of 11 cents for its fiscal second quarter ended Dec. 31. The result was 2 cents ahead of the consensus estimate but 12 cents lower year over year (y/y). The Renton, Washington-based company reported revenue of $201.1 million, which was 28% lower y/y. Revenue net of purchased transportation expenses was 16% lower. Adjusted earnings before interest, taxes, depreciation and amortization of $7.7 million was 52% lower y/y. Radiant generated $12.1 million in cash flow from operations during the period. The company is debt-free and had $32.9 million in cash on hand at the end of the quarter. It has nothing outstanding on a $200 million credit facility. The company said i
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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