Radiant Logistics reports record Q2; revenue up 52% to $332.8M, adj. EBITDA $17.3M

RADIANT LOGISTICS, INC

2022-Q2 EPS reported $0.28 revenue$618,884,000

Revenue $332.8M (+52% YoY), net income $6.9M ($0.14/sh) vs $3.8M ($0.08/sh) prior year.
Adjusted EBITDA $17.3M (+38.4% YoY), margin 24.1% (+140 bps); adjusted net income $12.3M ($0.25/sh).
Acquired Navegate for $35M; Navegate generated $6.7M adj. EBITDA on $87.5M revenue for TTM Sep 30, 2021.
Repurchased 870,733 shares at avg $7.18 for $6.3M during six months ended Dec 31, 2021.
Disclosed ransomware event on Dec 8, 2021; operations continued and record results still achieved.

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