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Dec 31, 2021
Radiant Logistics Q2 2022 Earnings Report
Continued trend with another quarter of record results and progressed acquisition and stock buy-back initiatives.
Key Takeaways
Radiant Logistics reported record financial results for the second quarter ended December 31, 2021. Revenues increased by 52.1% to $332.8 million, net revenues increased by 29.5% to $71.6 million, and net income attributable to Radiant Logistics increased by 81.6% to $6.9 million, or $0.14 per basic and fully diluted share. Adjusted EBITDA increased by 38.4% to $17.3 million, and the adjusted EBITDA margin increased by 140 basis points to 24.1%.
Revenues increased to $332.8 million, up 52.1% compared to the prior year period.
Net revenues increased to $71.6 million, up 29.5% compared to the prior year period.
Net income attributable to Radiant Logistics, Inc. increased to $6.9 million, up 81.6% compared to the prior year period.
Adjusted EBITDA increased to $17.3 million, up 38.4% compared to the prior year period.
Radiant Logistics
Radiant Logistics
Forward Guidance
Radiant Logistics remains optimistic about its prospects and opportunities to leverage its best-in-class technology, robust North American footprint, and extensive global network of service partners to continue to build on the platform.
Positive Outlook
- Leveraging best-in-class technology.
- Robust North American footprint.
- Extensive global network of service partners.
- Strategic acquisitions.
- Stock buy-backs.