Radiant Logistics reports record Q3 FY2022 revenue $460.9M, net income $14.3M, up 186% YoY

RADIANT LOGISTICS, INC

2022-Q3 EPS reported $0.56 revenue$1,079,783,000

Revenue $460.9M (+94.9% YoY); net revenue $84.9M (+49.5%); net income $14.3M (+186%).
Adjusted EBITDA $23.6M (+82.9%); adjusted EBITDA margin 27.8% (up 510 bps).
Excluding $62.2M COVID project revenue, revenue still up 68.6% YoY.
Renewed stock repurchase program: up to 5M shares through Dec 2023; $150M shelf S-3 effective May 9, 2022.
First full quarterly contribution from December 2021 Navegate acquisition.

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