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Jun 30, 2022
Radiant Logistics Q4 2022 Earnings Report
Reported record results of operation for fiscal fourth quarter.
Key Takeaways
Radiant Logistics reported a strong Q4 with revenues increasing by 54.6% to $398.6 million and adjusted EBITDA increasing by 96.5% to $27.7 million. Net income attributable to Radiant Logistics increased to $18.3 million, or $0.36 per fully diluted share.
Revenues increased to $398.6 million, up 54.6% compared to the prior year period.
Net income attributable to Radiant Logistics increased to $18.3 million, up 64.9% compared to the prior year period.
Adjusted EBITDA increased to $27.7 million, up 96.5% compared to the prior year period.
Adjusted EBITDA margin increased to 31.2%, up 870 basis points compared to the prior year period.
Radiant Logistics
Radiant Logistics
Forward Guidance
While the company remains very optimistic about its prospects and opportunities for fiscal 2023 and beyond, the continued uncertainty associated with the lingering pandemic and the current global geopolitical turmoil makes it difficult to project what the “new normal” will look like in fiscal 2023 for our customers and in turn our own business.