Radiant Logistics Q3 revenue $244.2M (-44.7% YoY), net income $4.2M vs $13.6M

RADIANT LOGISTICS, INC

2023-Q3 EPS reported $0.35 revenue$853,261,000

Revenue fell 44.7% YoY to $244.2M; excluding $62.2M in project charters, down 35.6%.
Net income attributable to Radiant dropped 69.1% to $4.2M ($0.08 fully diluted) from $13.6M ($0.27).
Adjusted EBITDA decreased 48.7% to $11.6M from $22.6M YoY; margin fell 980 bps to 17.2%.
Bought back 839,864 shares at avg $5.95 for $5.0M in nine months; $4.2M more through May 5, 2023.
CEO cites rapid freight-market softening; company is virtually debt-free with $17.0M net cash.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RADIANT LOGISTICS, INC reported third fiscal quarter ended March 31, 2023 results: revenue $244.2 million, net income $4.2 million, EPS $0.09 per basic and $0.08 per fully diluted share.

Period: third fiscal quarter ended March 31, 2023
Revenue: $244.2 million
Net income: $4.2 million
EPS: $0.09 per basic and $0.08 per fully diluted share
Result: reported results

Exact text from the filing

Revenues decreased to $244.2 million for the third fiscal quarter ended March 31, 2023, down $197.1 million or 44.7%, compared to revenues of $441.3 million for the comparable prior year period.

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Source: SEC EDGAR

accession 0000950170-23-020507

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