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Sep 30, 2022
Radiant Logistics Q1 2023 Earnings Report
Reported record results for the first fiscal quarter ended September 30, 2022.
Key Takeaways
Radiant Logistics reported record preliminary unaudited financial results for the first fiscal quarter ended September 30, 2022. Revenues increased to a record $331.0 million, net income attributable to Radiant Logistics, Inc. increased to a record $8.0 million, and adjusted EBITDA increased to a record $18.5 million.
Revenues increased to a record $331.0 million.
Net revenues increased to a record $76.5 million.
Net income attributable to Radiant Logistics, Inc. increased to a record $8.0 million, or $0.17 per basic and $0.16 per fully diluted share.
Adjusted EBITDA increased to a record $18.5 million.
Radiant Logistics
Radiant Logistics
Forward Guidance
While the company remains very optimistic about its prospects for fiscal 2023 and beyond, they are beginning to see signs of a slowing economy and expect operations to return to more normalized levels and growth rates in coming quarters.