Radiant Logistics preliminary Q2 FY2023 rev $283.5M, net inc $6.7M; restatement ongoing

RADIANT LOGISTICS, INC

2023-Q2 EPS reported $0.27 revenue$609,090,000

Preliminary Q2 rev $283.5M, gross profit $71.7M, net income $6.7M ($0.14 basic EPS).
Adj net income $12.3M ($0.25 diluted), adj EBITDA $17.8M (23.6% of adj gross profit).
Restatement expected to reduce fully diluted EPS by ~$0.01 in FY2021 and nine months FY2022.
Acquired Cascade Enterprises (Oct 1, 2022); undisclosed terms; consolidating Minneapolis ops.
Repurchased 620,347 shares at avg $5.90/$3.7M; cash $63.8M, total debt $53.7M (net debt zero).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RADIANT LOGISTICS, INC reported three months ended December 31, 2022 results: revenue $283.5 million, net income $6.7 million, EPS $0.14 per basic and $0.13 per fully diluted share.

Period: three months ended December 31, 2022
Revenue: $283.5 million
Net income: $6.7 million
EPS: $0.14 per basic and $0.13 per fully diluted share
Result: preliminary results

Exact text from the filing

unaudited results for the Company’s second fiscal quarter ended December 31, 2022 as follows: Financial Highlights – Three Months Ended December 31, 2022 • Revenues reported at $283.5 million for the second fiscal quarter ended December 31, 2022. • Gross profit reported at $71.7 million for the second fiscal quarter ended December 31, 2022. • Adjusted gross profit, a

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Source: SEC EDGAR

accession 0000950170-23-002344

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