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Mar 31, 2022
Radiant Logistics Q3 2022 Earnings Report
Reported record revenues, net revenues, net income, adjusted net income and adjusted EBITDA.
Key Takeaways
Radiant Logistics reported record financial results for Q3 2022, with revenues of $460.9 million, a 94.9% increase year-over-year, and net income of $14.3 million, up 186.0% year-over-year. Adjusted EBITDA reached $23.6 million, an 82.9% increase year-over-year, and the adjusted EBITDA margin improved to 27.8%.
Revenues increased to $460.9 million, up 94.9% compared to the prior year period.
Net revenues increased to $84.9 million, up 49.5% compared to the prior year period.
Net income attributable to Radiant Logistics, Inc. increased to $14.3 million, up 186.0% compared to the prior year period.
Adjusted EBITDA increased to $23.6 million, up 82.9% compared to the prior year period.
Forward Guidance
The company expects to continue its acquisition efforts and to be active in the repurchase of its stock.
Positive Outlook
- Continued strong financial performance.
- Strong balance sheet.
- Current share price does not accurately reflect Radiant’s intrinsic value or long-term growth prospects.
- Excellent investment opportunity for both the Company and its shareholders.
- Expectation to be active in the repurchase of stock.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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