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Jun 30, 2021
Radiant Logistics Q4 2021 Earnings Report
Reported record results across key financial metrics and re-engaged in stock buy-backs while looking for acquisitions.
Key Takeaways
Radiant Logistics reported a decrease in revenues to $257.9 million, but excluding Covid-related project revenues, revenues were up 71.9%. The company also reported record net revenues, net income, adjusted net income, and adjusted EBITDA.
Revenues decreased to $257.9 million, down 6.4% compared to the prior year period, but up 71.9% excluding Covid-related project revenues.
Net revenues increased to a record $62.8 million, up 25.3% compared to the prior year period.
Net income increased to a record $11.1 million, up 136.2% compared to the prior year period.
Adjusted EBITDA increased to a record $14.1 million, up 7.6% 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 it will present for Radiant. They expect to continue to be active in stock buy-back activities and look forward to re-activating acquisition efforts.