Welcome to our dedicated page for Radiant Logistics news (Ticker: RLGT), a resource for investors and traders seeking the latest updates and insights on Radiant Logistics stock.
Radiant Logistics reports developments for a technology-enabled third-party logistics business that provides global transportation and value-added logistics services. The company offers domestic and international freight forwarding, truck and rail brokerage, warehouse and distribution, customs brokerage, order fulfillment, inventory management and logistics technology services to customers primarily in the United States, Canada and Mexico.
Recurring RLGT news includes quarterly financial results, acquisition and operating-network expansion, company-owned and agent-owned office activity, share repurchase authorizations and digital logistics initiatives such as the Navegate platform and the Ray AI agent. Company updates also cover international gateway expansion, including operations in Hong Kong, Shanghai and Shenzhen, as part of Radiant's freight forwarding and logistics network.
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.
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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.
Radiant Logistics (NYSE American: RLGT) will host a conference call on November 9, 2020, at 4:30 PM Eastern to discuss financial results for the three months ending September 30, 2020. The call is accessible to all interested parties, including investors and the press, and will be hosted by Bohn Crain, the CEO. A replay will be available starting November 10, 2020, until November 23, 2020. Interested participants can join via dial-in or listen to the webcast on the company website.
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.