Radiant Logistic Stock Price, News & Analysis

Radiant Logistics (NYSE American: RLGT) has announced the acquisition of USA Logistics Services, Inc. and USA Carrier Services, , Philadelphia-based companies that have operated under its Service By Air brand since 2014. The acquired companies, founded in 1999, specialize in medical equipment transport, time-sensitive air freight, and oversized project cargo.

The transaction follows Radiant's previous acquisition structure, with part of the purchase price tied to future performance. Post-acquisition, USA Logistics will transition to the Radiant brand and merge with existing Philadelphia operations. Mike Boyce, founder of USA Logistics, will serve as General Manager of the combined organization, reporting to Tim O'Brien, SVP of Radiant's U.S. forwarding operations.

This strategic acquisition strengthens Radiant's Mid-Atlantic freight forwarding and cartage operations, maintaining the existing customer service infrastructure while leveraging Radiant's larger operational platform.

Radiant Logistics (NYSE American: RLGT) has acquired Transcon Shipping, a California-based company specializing in ocean freight forwarding services. Transcon, founded in 1997, generated approximately $4.0 million in normalized EBITDA on $75.0 million in revenues for calendar year 2024.

The acquisition strengthens Radiant's international capabilities in strategic gateway locations including Los Angeles, New York, and Chicago. Transcon offers ocean import business from the transpacific, including buyer consolidation services, LCL, FCL, and special projects for industries such as furniture, recreational automotive, food, and consumer goods.

The transaction structure includes performance-based payments in subsequent periods. Transcon will transition to the Radiant brand throughout 2025, with Terry Lynch continuing as VP of Global Network Development.

Radiant Logistics (NYSE: RLGT) reported strong financial results for Q2 FY2024 ended December 31, 2024, with revenues reaching $264.5 million, up 31.5% year-over-year. Net income increased significantly to $6.5 million ($0.14 per basic share), a 550% improvement from the prior year.

The company achieved Adjusted EBITDA of $12.0 million, up 55.8% year-over-year, with an improved EBITDA margin of 19.0%. During the quarter, RLGT completed three strategic acquisitions: Foundation Logistics & Services, Focus Logistics, and TCB Transportation.

Despite strong Q2 results, management expects near-term challenges due to market headwinds and potential impacts from recently introduced tariffs with China, Mexico, and Canada. The company maintains a strong financial position with $20.0 million in cash and an untapped $200 million credit facility.

Radiant Logistics (NYSE American: RLGT) has announced it will host a conference call on Monday, February 10, 2025, at 4:30 PM Eastern to discuss the company's financial results for the three and six months ended December 31, 2024. The call will be hosted by Founder and CEO Bohn Crain and is open to all interested parties, including individual investors and press.

The conference call will be accessible via phone with dial-in numbers provided for both US and international participants. A replay will be available from February 11, 2025, at 9:30 AM Eastern until February 24, 2025, at 4:30 PM Eastern. Additionally, the call will be webcast and can be accessed through Radiant's website.

Radiant Logistics (NYSE American: RLGT) has acquired TCB Transportation Associates, a St Louis-based intermodal marketing company specializing in 40 and 53-foot container movements across North America. The acquisition was executed through Radiant's subsidiary Radiant Road and Rail, with part of the purchase price tied to future performance.

Founded in 1999, TCB operates as a door-to-door service provider, working with steamship lines, Class I railroads, and drayage networks. The company serves multiple sectors including forestry products, food & beverage, metals & mining, and chemicals. TCB will continue under founder Jerry Kausch Jr.'s leadership before transitioning to the Radiant brand in 2025.

Radiant Logistics (NYSE American: RLGT) reported financial results for the first fiscal quarter ended September 30, 2024. Revenues were $203.6 million, down 3.4% year-over-year. Gross profit declined 5.9% to $54.1 million. Adjusted gross profit was $57.6 million, down 5.3%. Net income rose 30.8% to $3.4 million, or $0.07 per share. Adjusted net income increased 21.5% to $7.9 million, or $0.17 per share. Adjusted EBITDA grew 3.3% to $9.5 million, with an adjusted EBITDA margin of 16.4%.

Radiant acquired Foundation Logistics & Services and Focus Logistics, continuing its strategy of growth through acquisitions. The company also executed a stock buyback, purchasing 129,360 shares. Radiant maintains a strong balance sheet with $10 million cash on hand and a $200 million credit facility.

Radiant Logistics (NYSE American: RLGT) has announced a conference call scheduled for Tuesday, November 12, 2024, at 4:30 PM Eastern to discuss their financial results for the first fiscal quarter ended September 30, 2024. The call will be hosted by Founder and CEO Bohn Crain and is open to all interested parties.

The conference call can be accessed via US dial-in (877) 545-0320 or International (973) 528-0002 with Participant Access Code 321205. A replay will be available from November 13 to November 26, 2024. The call will also be webcast through Radiant's website.

Radiant Logistics, Inc. (NYSE American: RLGT) has acquired Focus Logistics, Inc., a Michigan-based company operating under Radiant's Service By Air brand since 2006. The transaction is structured with a portion of the purchase price based on future performance. Focus, founded in 2003, provides domestic and international freight forwarding services for various industries.

Post-acquisition, Focus will transition to the Radiant brand and merge with existing Detroit operations under Cliff Kisielewski's leadership as General Manager. Terrie Evans, co-founder, will retire after 30 years in the transportation industry. This acquisition aligns with Radiant's strategy of partnering with logistics entrepreneurs and providing them with a built-in exit strategy.

Radiant Logistics (NYSE American: RLGT) reported financial results for Q4 and FY 2024. Key highlights include:

- Q4 revenues of $206.0M, down 11.3% YoY but up 11.6% sequentially

- Q4 net income of $4.8M ($0.10 per share), up 54.8% YoY

- Q4 adjusted EBITDA of $9.1M, down 1.1% YoY but up 75% sequentially

- FY2024 revenues of $802.5M, net income of $7.7M

- Completed five tuck-in acquisitions during FY2024

- Ended Q4 with $24.9M cash and no debt drawn on $200M credit facility

CEO Bohn Crain noted sequential improvement in Q4 results and the company's strong balance sheet positioning it for future growth as market conditions normalize.