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Sep 30, 2021
Radiant Logistics Q1 2022 Earnings Report
Radiant Logistics reported record results for the first quarter ended September 30, 2021, while continuing stock buy-backs and looking for acquisitions.
Key Takeaways
Radiant Logistics reported record revenues of $286.1 million, a 62.6% increase year-over-year, and record net income of $7.1 million, a 129.0% increase year-over-year, for the first quarter ended September 30, 2021. The company also saw improvements in its adjusted EBITDA margin, which increased 230 basis points to a record 22.4%.
Revenues increased to a record $286.1 million, up 62.6% compared to the prior year period.
Net revenues increased to a record $64.9 million, up 41.1% compared to the prior year period.
Net income attributable to Radiant Logistics, Inc. increased to a record $7.1 million, up 129.0% compared to the prior year period.
Adjusted EBITDA increased to a record $14.5 million, up 57.6% compared to the prior year period.
Radiant Logistics
Radiant Logistics
Forward Guidance
Radiant Logistics expects to continue to support existing and new customers in a capacity constrained market. They anticipate continued strong performance and a strong balance sheet will register with investors. They remain optimistic about their prospects and opportunities to continue to deliver profitable growth and expect to continue stock buy-back activities and re-activate acquisition efforts.
Positive Outlook
- Well positioned to support existing and new customers.
- Expects continued strong performance.
- Strong balance sheet.
- Optimistic about prospects and opportunities to deliver profitable growth.
- Expects to continue stock buy-back activities and re-activate acquisition efforts.