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Stock impact report

Radiant Logistics navigating downside of freight cycle [Yahoo! Finance]

Radiant Logistics, Inc. (RLGT) 
NASDAQ:AMEX Investor Relations: radiantdelivers.com
Company Research Source: Yahoo! Finance
Radiant ( NYSE: RLGT ) reported adjusted earnings per share of 9 cents for the period. The result was a penny ahead of the consensus estimate but 7 cents lower year over year. A $1.3 million charge, or 2 cents per share, was incurred in bad debt expense tied to the bankruptcy of auto parts manufacturer First Brands. Consolidated revenue of $227 million was up 11% y/y and $20 million ahead of the consensus estimate. Incremental revenue generated from recent acquisitions was only partially offset by a soft freight market. Adjusted earnings before interest, taxes, depreciation and amortization of $6.8 million was 28% lower y/y. An 11.4% adjusted EBITDA margin was 500 basis points lower. (The adjusted EBITDA margin would have been 13.7% without the bad debt expense.) Table: Radiant's key performance indicators The company outlined a longer-term revenue opportunity from expanded customer adoption of Navegate, a proprietary global trade management platform. It said the offering, wh Show less Read more
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