other material
confidence high
sentiment positive
materiality 0.55
Radiant Logistics authorizes repurchase of up to 5 million shares through Dec 31, 2023
RADIANT LOGISTICS, INC
- Board authorized repurchase of up to 5M shares, ~10.1% of 49.4M shares outstanding as of Feb 1, 2022.
- Repurchase program expires December 31, 2023; no obligation to buy specific number of shares.
- CEO Bohn Crain says current price undervalues long-term growth; repurchases are excellent investment opportunity.
- Purchases funded from cash, credit facility, or operating cash flows; may occur in open market or private deals.