Loading...
•
Jun 30, 2020
Radiant Logistics Q4 2020 Earnings Report
Radiant Logistics reported record quarterly revenues and adjusted EBITDA, with net income increasing slightly year-over-year, despite the impact of COVID-19.
Key Takeaways
Radiant Logistics reported record revenues of $275.5 million and adjusted EBITDA of $13.1 million for the fourth quarter ended June 30, 2020. Net income attributable to common stockholders increased slightly to $4.7 million, or $0.09 per share. The company's performance was bolstered by its role in delivering essential products, including PPE, during the COVID-19 pandemic.
Radiant Logistics reported record quarterly revenues of $275.5 million.
Net revenues were reported at $50.1 million.
Net income attributable to common stockholders was $4.7 million, or $0.09 per share.
Adjusted EBITDA reached a record $13.1 million.
Radiant Logistics
Radiant Logistics
Forward Guidance
Radiant Logistics is optimistic about the economy and its ultimate recovery, closely monitoring progress and looking forward to re-engaging in acquisition opportunities and/or stock buy-back activities as opportunities present themselves.
Positive Outlook
- Seeing slow and steady improvement across many industry verticals.
- Company has diversity of customers and service offerings.
- Company has strength of balance sheet.
- Company has scalability of technology
- Company has commitment of teammates
Challenges Ahead
- Overall demand for transportation services has been significantly impacted.
- Closely monitor how the company and the economy are progressing.
- Look forward to re-engaging in acquisition opportunities as the opportunities present themselves.
- Look forward to re-engaging in stock buy-back activities as the opportunities present themselves.