Radiant Logistics FY2023 revenue falls 25.6% to $1.09B; adjusted EBITDA down 31.3%

RADIANT LOGISTICS, INC

Revenue $1,085.5M vs $1,459.4M prior year (-25.6%); net income $20.6M ($0.43 basic) vs $44.5M ($0.90) (-53.7%)
Adjusted EBITDA $55.6M vs $80.9M (-31.3%); adjusted EBITDA margin 19.6% vs 26.4% (-680 bps)
Record cash from operations $97.9M; debt free with $32.5M cash on hand
Stock buyback: 1,784,249 shares at avg $6.20 for $11.1M
Q4 net income $3.1M on $232.2M revenue vs $16.7M on $382.9M prior year

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 June 30, 2023 results: revenue $232.2 million, net income $3.1 million.

Period: three months ended June 30, 2023
Revenue: $232.2 million
Net income: $3.1 million
Result: reported results

Exact text from the filing

For the three months ended June 30, 2023, Radiant reported net income attributable to Radiant Logistics, Inc. of $3.1 million on $232.2 million of revenues, or $0.07 per basic and $0.06 per fully diluted share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RADIANT LOGISTICS, INC reported three and twelve months ended June 30, 2023 results: revenue $1,085.5 million, net income $20.6 million, or $0.43 per basic and $0.42 per fully diluted share.

Period: three and twelve months ended June 30, 2023
Revenue: $1,085.5 million
Net income: $20.6 million, or $0.43 per basic and $0.42 per fully diluted share
Result: reported results

Exact text from the filing

services company, today reported financial results for the three and twelve months ended June 30, 2023. Financial Highlights – Year Ended June 30, 2023 • Revenues decreased to $1,085.5 million for the fiscal year ended June 30, 2023, down $373.9 million or 25.6%, compared to revenues of $1,459.4 million for the comparable prior year period. • Gross profit decreased to

View on SEC.gov

Browse all earnings releases →

RADIANT LOGISTICS, INC filing history →

Source: SEC EDGAR

accession 0000950170-23-047928

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.