Radiant Logistics, Inc. - RLGT STOCK NEWS

Radiant Logistics (NYSE American: RLGT) reported preliminary financial results for Q4 ended June 30, 2021, estimating revenues of $257.9 million, down from $275.5 million year-over-year. However, net revenues hit a record $62.8 million, up from $50.1 million. Net income attributable to shareholders rose to $10.9 million or $0.22 per share, compared to $4.7 million or $0.09 last year. Adjusted EBITDA also reached a record of $14.1 million, reflecting the company's resilience amidst challenges. Internal control deficiencies were noted, but no impact on financial results was expected.

Radiant Logistics (NYSE: RLGT) announced the appointment of Kristin Toth Smith to its Board of Directors, effective immediately. Smith, who brings extensive experience in transportation and logistics, previously held leadership roles at companies like Amazon and Dell. She will join the Audit and Executive Oversight Committee at the company's annual meeting in November 2021. CEO Bohn Crain expressed confidence in Smith’s ability to provide fresh perspectives and advance the company's e-commerce and ESG initiatives. This leadership change comes in anticipation of Jack Edwards' retirement later this year.

Radiant Logistics, Inc. (NYSE American: RLGT) reported exceptional financial results for the three months ending March 31, 2021. Revenues reached a record $236.5 million, a 33.5% increase year-over-year. Net income surged to $5.0 million, up from $0.1 million, while adjusted net income rose to $9.1 million, marking a 127.5% increase. Adjusted EBITDA also reached a record $12.9 million, a 111.5% rise. The company's adjusted EBITDA margin improved to 22.7%. CEO Bohn Crain expressed optimism about long-term growth prospects and a strong balance sheet, deeming the current share price an attractive investment opportunity.

Radiant Logistics (NYSE American: RLGT) will host a conference call on May 10, 2021, at 4:30 PM Eastern to discuss financial results for the three and nine months ended March 31, 2021. CEO Bohn Crain will lead the call, which is open to all interested parties, including investors and the press. Dial-in numbers are (888) 506-0062 for the US and (973) 528-0011 for international participants. A replay will be available from May 11 to May 24, 2021. Interested parties can also access the webcast on the company's website.

Radiant Logistics reported strong financial results for the second fiscal quarter ended December 31, 2020. Revenues increased to $218.8 million, up from $201.9 million year-over-year. Net income rose to $3.8 million or $0.08 per share, compared to $2.6 million or $0.05 per share in the previous year. Adjusted net income was $8.6 million, reflecting an increase from $6.3 million a year prior. The company achieved Adjusted EBITDA of $12.5 million, up from $9.4 million. Despite a slight decrease in net revenues, the firm remains optimistic about future growth and opportunities.

Radiant Logistics (NYSE American: RLGT) will host a conference call on February 9, 2021, at 4:30 PM Eastern to discuss financial results for the three and six months ended December 31, 2020. The call is open to investors and media, with CEO Bohn Crain leading the discussion. Interested parties can join by dialing (800) 346-7359 for US participants or (973) 528-0008 internationally. A replay will be available from February 10 to February 23, 2021. The call can also be accessed via webcast on the company's website.

Radiant Logistics, Inc. (NYSE American: RLGT) announces the launch of a new Adcom location in Jacksonville, Florida. This expansion enhances Radiant's logistics capabilities by leveraging its technology platform and global network for domestic and international freight services. Led by industry veterans Sean Spillane and Jody Fooshe, the Jacksonville team aims to provide specialized solutions for diverse clients. The move signifies Radiant's commitment to supporting logistics entrepreneurs and integrating its new SAP TM platform to streamline operations.

Radiant Logistics reported its financial results for the first fiscal quarter ending September 30, 2020, with revenues of $175.9 million, down from $200.5 million year-over-year. Net income was $3.1 million or $0.06 per share, slightly lower than $3.2 million or $0.07 per share in the prior year. Adjusted net income remained steady at $6.5 million with an adjusted EBITDA of $9.2 million. The CEO noted the impact of COVID-19 but emphasized improvement in demand and strong operational cash flow of $13.4 million, alongside low debt levels.