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 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) 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.
Radiant Logistics (NYSE American: RLGT) has appointed Laurent Grousseau as its new Senior Vice President and Chief Technology Officer (CTO). With over 30 years of experience in the transportation and logistics industry, Grousseau will lead the company's information systems enhancement and support the migration of acquired companies to common applications, including the deployment of Navegate, Radiant's proprietary global trade management platform.
Grousseau, 56, previously served as CIO of Pilot Freight Services and held senior roles at CEVA Logistics and Kuehne + Nagel. He will report to Founder and CEO Bohn Crain, who praised Grousseau's technical, interpersonal, and managerial skills. Grousseau expressed interest in advancing the Navegate platform and exploring emerging technologies to scale Radiant's operations and deliver customer value.
Radiant Logistics (NYSE American: RLGT) has acquired Foundation Logistics & Services, a Texas-based company specializing in transportation and logistics for the oil and gas industry. The acquisition strengthens Radiant's capabilities in supporting the oil and gas sector, particularly in handling hazardous materials and urgent oilfield equipment. Foundation, founded in 2014, will continue operating under its current name before transitioning to the Radiant brand in 2025. The deal structure includes performance-based payments in subsequent periods. This strategic move expands Radiant's service offerings and geographical presence, particularly in the Humble, Texas area, which holds personal significance for Radiant's CEO, Bohn Crain.
Radiant Logistics, Inc. (NYSE American: RLGT), a technology-enabled global transportation and value-added logistics services company, has announced a conference call scheduled for Thursday, September 12, 2024, at 4:30 PM Eastern. The call will discuss the company's financial results for the fourth fiscal quarter and year ended June 30, 2024. Founder and CEO Bohn Crain will host the call, which is open to all interested parties, including individual investors and press.
The conference call can be accessed via dial-in numbers for US and international participants, with a participant access code provided. A replay of the call will be available from September 13, 2024, to September 26, 2024. Additionally, the call will be webcast and can be accessed through Radiant's website or a direct webcast link.
Radiant Logistics (NYSE American: RLGT) has been awarded a 5-year contract by USAID to provide global transportation services for personnel and emergency disaster equipment. This contract, through Radiant's subsidiary Radiant Global Logistics, Inc., is for the Bureau of Humanitarian Assistance.
The company has a proven track record in critical missions, including support following the earthquake in Türkiye and cyclone in Vanuatu. Radiant's expertise lies in heavy lift air chartering, special projects, and disaster response logistics, enabling rapid deployment of personnel and lifesaving equipment into complex environments.
As a prime contractor, Radiant will be responsible for transporting personnel, emergency disaster equipment, cargo, and service animals worldwide over the next five years.