Radiant Logistics Q2 revenue down 27.7%, net income down 79.2%; acquires two cruise logistics firms

RADIANT LOGISTICS, INC

2024-Q2 EPS reported $0.07 revenue$411,880,000

Revenue $201.1M, down 27.7% YoY; net income $1.0M ($0.02 EPS), down 79.2%.
Adjusted EBITDA $7.7M, down 52.5% YoY; adjusted EPS $0.12 vs $0.23.
Acquired Daleray (Oct 1, 2023) and Select Logistics (Feb 7, 2024) to strengthen cruise logistics in South Florida.
Stock buyback: 532,401 shares at avg $5.79; cash on hand $32.9M, $0 drawn on $200M credit facility.
CEO expects freight market bottom near, normalization in late calendar 2024.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

RADIANT LOGISTICS, INC reported financial results for the three and six months ended December 31, 2023.

Period: the three and six months ended December 31, 2023
Result: reported results

Exact text from the filing

On February 8, 2024, Radiant Logistics, Inc. (the “Company”) issued a press release announcing its financial results for the three and six months ended December 31, 2023.

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Source: SEC EDGAR

accession 0000950170-24-012753

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