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Mar 31, 2021
Radiant Logistics Q3 2021 Earnings Report
Reported record results for the March quarter across several key financial metrics.
Key Takeaways
Radiant Logistics reported record revenues of $236.5 million, record net revenues of $56.8 million, record net income of $5.0 million, record adjusted net income of $9.1 million, and record adjusted EBITDA of $12.9 million for the third fiscal quarter ended March 31, 2021.
Revenues increased to a record $236.5 million, up 33.5% compared to the prior year period.
Net revenues increased to a record $56.8 million, up 18.8% compared to the prior year period.
Net income increased to a record $5.0 million, up $4.9 million compared to the prior year period.
Adjusted EBITDA increased to a record $12.9 million, up 111.5% compared to the prior year period.
Radiant Logistics
Radiant Logistics
Forward Guidance
The company remains optimistic about the trajectory of the economy and the opportunities that it will present for Radiant. In the months ahead, they will continue to closely monitor how they and the economy are progressing and look forward to re-engaging in acquisition opportunities and/or their stock buy-back activities as the opportunities present themselves.
Positive Outlook
- Diversity of customers.
- Strength of balance sheet.
- Scalability of technology.
- Commitment of employees.
- Eventual recovery of the business sectors that have been most adversely affected by COVID-19.