Radiant Logistics Inc
NYSE American:RLGT

  • LAST PRICE
    5.4400
  • TODAY'S CHANGE (%)
    0.1300 (2.4482%)
  • Bid / Lots
    5.3900/ 1
  • Ask / Lots
    5.5000/ 3
  • Open / Previous Close
    5.3300 / 5.3100
  • Day Range
    5.2500
    5.4400
  • 52 Week Range
    4.8300
    7.7600
  • Volume
    145,729

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  • May 9, 2024

      Show headlines and story abstract

    • 4:26PM ET on Thursday May 09, 2024 by MT Newswires
      Companies Mentioned: RLGT
      04:26 PM EDT, 05/09/2024 (MT Newswires) -- ...

    • 4:26PM ET on Thursday May 09, 2024 by MT Newswires
      Companies Mentioned: RLGT
      04:26 PM EDT, 05/09/2024 (MT Newswires) -- ...

    • 4:06PM ET on Thursday May 09, 2024 by Dow Jones
      Companies Mentioned: RLGT

      RADIANT LOGISTICS ANNOUNCES RESULTS FOR THE THIRD FISCAL QUARTER ENDED MARCH 31, 2024

      PR Newswire

      RENTON, Wash., May 9, 2024

      Debt free and well positioned for further growth as market conditions improve;

    • 4:05PM ET on Thursday May 09, 2024 by PR Newswire
      Companies Mentioned: RLGT

      Debt free and well positioned for further growth as market conditions improve; Continued progress in acquisition of strategic operating partners

      Radiant Logistics, Inc. (NYSE American: RLGT), a technology-enabled global transportation and value-added logistics services company, today reported financial results for the three and nine months ended March31,2024.

    • 4:05PM ET on Thursday May 09, 2024 by Dow Jones
      Companies Mentioned: RLGT
      Reconciliation of GAAP net income to adjusted EBITDA 2024 2023 2024 2023 ------ ---------- ------- ---------- Net income (loss) attributable to Radiant Logistics, Inc. $(703) $ 4,183 $ 2,904 $ 17,452 Income tax expense 49 1,346 1,467 5,570 Depreciation and amortization (1) 4,654 4,663 13,773 18,585 Net interest expense (income) (373) 467 (986) 1,931 ----- --------- ------ --------- EBITDA 3,627 10,659 17,158 43,538 Share-based compensation 951 544 2,526 1,832 Change in fair value of contingent consideration -- (697) (450) (387) Acquisition related costs 129 98 450 147 Ransomware incident related costs, net 266 12 266 12 Litigation costs 170 383 1,275 751 Transition, lease termination, and other costs -- -- 76 30 Change in fair value of interest rate swap contracts 170 355 903 (231) Restatement costs -- 537 -- 1,544 Foreign currency transaction gain (105) (331) (121) (802) ----- --------- ------ --------- Adjusted EBITDA $5,208 $ 11,560 $22,083 $ 46,434 ===== ========= ====== ========= Adjusted EBITDA margin (adjusted EBITDA as a % of adjusted gross profit) 9.8% 17.2% 12.6% 21.3% (1) Depreciation and amortization for the purposes of calculating adjusted EBITDA, a non-GAAP financial measure, includes depreciation expenses recognized on certain computer software as a service. (In thousands, except share and per share Three Months Ended Nine Months Ended data) March 31, March 31, ------------------------ ------------------------ Reconciliation of GAAP net income to adjusted net income 2024 2023 2024 2023 ----------- ----------- ----------- ----------- Net income (loss) attributable to Radiant Logistics, Inc. $ (703) $ 4,183 $ 2,904 $ 17,452 Adjustments to net income: Income tax expense 49 1,346 1,467 5,570 Depreciation and amortization 4,540 4,549 13,430 18,242 Change in fair value of contingent consideration -- (697) (450) (387) Acquisition related costs 129 98 450 147 Ransomware incident related costs, net 266 12 266 12 Litigation costs 170 383 1,275 751 Transition, lease termination, and other costs -- -- 76 30 Change in fair value of interest rate swap contracts 170 355 903 (231) Restatement costs -- 537 -- 1,544 Amortization of debt issuance costs 129 123 384 373 ---------- ---------- ---------- ---------- Adjusted net income before income taxes 4,750 10,889 20,705 43,503 Provision for income taxes at 24.5% (1,164) (2,668) (5,073) (10,658) ---------- ---------- ---------- ---------- Adjusted net income $ 3,586 $ 8,221 $ 15,632 $ 32,845 ========== ========== ========== ========== Adjusted net income per common share: Basic $ 0.08 $ 0.17 $ 0.33 $ 0.68 Diluted $ 0.08 $ 0.17 $ 0.32 $ 0.66 Weighted average common shares outstanding: Basic 46,963,845 48,180,834 47,084,645 48,391,310 Diluted 46,963,845 49,304,991 48,899,138 49,679,999

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