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Sep 30, 2024
Radiant Logistics Q1 2025 Earnings Report
Radiant Logistics delivered solid financial results despite market headwinds, made progress in acquisitions, and is well-positioned for growth with a $200 million credit facility.
Key Takeaways
Radiant Logistics reported revenues of $203.6 million and net income of $3.4 million, or $0.07 per share, for the first fiscal quarter ended September 30, 2024. The company also reported adjusted EBITDA of $9.5 million.
Revenues decreased by 3.4% to $203.6 million compared to the prior year.
Gross profit decreased by 5.9% to $54.1 million compared to the prior year.
Net income attributable to Radiant Logistics, Inc. increased by 30.8% to $3.4 million, or $0.07 per share.
Adjusted EBITDA increased by 3.3% to $9.5 million compared to the prior year.
Forward Guidance
Radiant Logistics expects to benefit from project type opportunities over the near term while waiting for a more durable, broad-based recovery.
Positive Outlook
- Well positioned to navigate through slower freight markets.
- Strong balance sheet with approximately $10 million of cash on hand.
- No meaningful debt.
- Virtually untapped $200 million credit facility.
- Focused on delivering profitable growth through a combination of organic and acquisition initiatives.
Challenges Ahead
- Slower freight market persists.
- Industry will likely continue to face market headwinds into 2025.
- Potential adverse legal, reputational and financial effects on the Company resulting from the cybersecurity incident that we reported in March 2024 or future cyber incidents and the effectiveness of the Company’s business continuity plans in response to cyber incidents
Historical Earnings Impact
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Avg. Return Before/After Earnings
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