Radiant Logistics completes restatement, reports record FY2022 revenue $1.46B, net income $44.5M

RADIANT LOGISTICS, INC

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

Revenue $1,459.4M (+62.2% YoY); net income $44.5M ($0.88 diluted EPS) vs $23.1M ($0.45) prior year.
Adjusted EBITDA $80.9M (+65.1%); adjusted EBITDA margin 26.4% (+437 bps).
Restatement corrects timing of in-transit revenue accruals; net impact on FY2021 EPS unchanged at $0.45, on 9mo Mar'22 EPS down $0.01 to $0.55.
New $200M credit facility; repurchased $16.3M of stock at avg $6.64 in 18 months ended Dec 2022.
Company expects to file Q1 and Q2 FY2023 10-Qs in March 2023.

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 0.95

RADIANT LOGISTICS, INC reported the fiscal year ended June 30, 2022 results: revenue $1,459.4 million, net income $44.5 million, EPS $0.90 per basic and $0.88 per fully diluted share.

Period: the fiscal year ended June 30, 2022
Revenue: $1,459.4 million
Net income: $44.5 million
EPS: $0.90 per basic and $0.88 per fully diluted share
Result: reported results

Exact text from the filing

30, 2021, December 31, 2021, and March 31, 2022 (collectively, the “Restatement Periods”). Financial Highlights – Twelve Months Ended June 30, 2022 • Revenues increased to $1,459.4 million for the fiscal year ended June 30, 2022, up $559.6 million or 62.2%, compared to revenues (as restated) of $899.8 million for the comparable prior year period. • Gross profit

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Source: SEC EDGAR

accession 0000950170-23-004698

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