secwatch.observer — SEC 8-K summary
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Issuer:     RADIANT LOGISTICS, INC (RLGT)
CIK:        0001171155
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000950170-24-012753
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171155/000095017024012753/0000950170-24-012753-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171155/000095017024012753/rlgt-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-012753

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