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 reported its financial results for the fiscal year ending June 30, 2021, showcasing a decrease in revenues to $257.9 million, down 6.4% year-over-year. However, excluding COVID-19 project revenues, revenues increased by 71.9%. Net income surged to a record $11.1 million, reflecting a 136.2% growth from the previous year. Adjusted net income also reached a record $10.1 million, up 13.5%. The company achieved a record adjusted EBITDA of $48.8 million for the fiscal year. CEO Bohn Crain indicated optimism about the company's growth prospects and ongoing stock buy-back initiatives.
Radiant Logistics (NYSE American: RLGT) announced participation in the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference from September 8-10, 2021. The event includes presentations and discussions on topics like Airlines, EV Charging, and Logistics. On September 10, CEO Bohn Crain will present at 3:05 p.m. Eastern Time and hold one-on-one meetings. For inquiries, contact IR@radiantdelivers.com.
Radiant Logistics (NYSE American: RLGT) will host a conference call on September 9, 2021, at 4:30 PM Eastern to discuss its financial results for the fiscal year ending June 30, 2021. This call is open to the public and will be led by Founder and CEO Bohn Crain. Interested parties can join via a dial-in or access the webcast on Radiant's website. A replay will be available from September 10 to September 23, 2021. Radiant Logistics provides comprehensive logistics services across North America, supporting various industries with supply chain solutions.
Radiant Logistics (NYSE American: RLGT) reported preliminary financial results for Q4 ended June 30, 2021, estimating revenues of $257.9 million, down from $275.5 million year-over-year. However, net revenues hit a record $62.8 million, up from $50.1 million. Net income attributable to shareholders rose to $10.9 million or $0.22 per share, compared to $4.7 million or $0.09 last year. Adjusted EBITDA also reached a record of $14.1 million, reflecting the company's resilience amidst challenges. Internal control deficiencies were noted, but no impact on financial results was expected.
Radiant Logistics (NYSE: RLGT) announced the appointment of Kristin Toth Smith to its Board of Directors, effective immediately. Smith, who brings extensive experience in transportation and logistics, previously held leadership roles at companies like Amazon and Dell. She will join the Audit and Executive Oversight Committee at the company's annual meeting in November 2021. CEO Bohn Crain expressed confidence in Smith’s ability to provide fresh perspectives and advance the company's e-commerce and ESG initiatives. This leadership change comes in anticipation of Jack Edwards' retirement later this year.
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.