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 (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.