Welcome to our dedicated page for Radiant Logistic news (Ticker: RLGT), a resource for investors and traders seeking the latest updates and insights on Radiant Logistic stock.
Radiant Logistics, Inc. (NYSE American: RLGT) is a technology-enabled third-party logistics company that regularly issues news and updates related to its transportation and logistics operations, financial performance and corporate strategy. As a provider of global transportation and value-added logistics services, Radiant’s announcements often reflect developments across domestic and international freight forwarding, truck and rail brokerage, and logistics services such as warehousing, customs brokerage and inventory management.
Investors and industry observers following RLGT news can expect recurring coverage of quarterly and annual financial results, where the company discusses revenues, profitability and non-GAAP measures such as adjusted gross profit and adjusted EBITDA. These earnings releases frequently include commentary on market conditions, performance of U.S. and Canadian operations, and contributions from recent acquisitions and strategic operating partner conversions.
Radiant’s news flow also highlights acquisition activity and network expansion. The company reports on green-field acquisitions, the purchase of long-standing strategic operating partners and international investments such as its 80% ownership interest in Mexico-based Weport, S.A. de C.V. These items provide insight into how Radiant is building out its North American and global logistics platform.
Additional RLGT updates cover capital allocation decisions, including stock repurchase program authorizations and share buy-back activity, as well as technology initiatives such as the advancement of its Navegate global trade management and collaboration platform and related leadership appointments. For readers tracking Radiant, this news page offers a centralized view of the company’s financial disclosures, strategic moves and technology-focused developments over time.
Radiant Logistics (RLGT) reported Q4 2020 revenues of $275.5 million, a record compared to $204.6 million in Q4 2019. Net income rose to $4.7 million, or $0.09 per share, consistent with the prior year. However, net revenues declined to $50.1 million from $58.5 million year-over-year. Adjusted net income reached a record $8.9 million, or $0.18 per share, up from $7.5 million. For the fiscal year, revenues fell to $855.2 million from $890.5 million, with a net income decrease to $10.5 million from $13.7 million. The company aims to restore salaries and has $34.8 million in cash, positioning it for recovery.
Radiant Logistics (NYSE American: RLGT) announced a conference call on September 28, 2020 at 4:30 PM Eastern to discuss its financial results for the fiscal year ending June 30, 2020. The call will be hosted by Bohn Crain, Founder and CEO, and is open to all interested parties, including investors and the press. A replay of the call will be available from September 29 to October 12, 2020. To join the call, dial US (844) 369-8700 or Intl. (862) 298-0840.
Radiant Logistics (NYSE American: RLGT) announced preliminary financial results for Q4 ended June 30, 2020, reporting record revenues of $275.5 million, up from $204.6 million year-over-year. Estimated net income reached $4.7 million or $0.09 per share, slightly above $4.5 million in the prior period. Adjusted net income surged to $8.9 million, with an adjusted EBITDA of $13.1 million and a margin of 26.2%. The company filed a Form 12b-25 for a 15-day extension to submit its Annual Report on Form 10-K, attributing the delay to COVID-19 challenges.