Brief: Radiant Logistics Reports Q3 Adjusted Earnings Per Share $0.08

Radiant Logistics

11/05/2020 23:49

May 11 (Reuters) - Radiant Logistics Inc  RLGT.A :
    * RADIANT LOGISTICS ANNOUNCES RESULTS FOR THE THIRD FISCAL
QUARTER
ENDED MARCH 31, 2020
    * Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.08
    * Q3 EARNINGS PER SHARE $0.00
    * Q3 REVENUE $177.2 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$182.2 MILLION
    * Q3 EARNINGS PER SHARE ESTIMATE $0.08 -- REFINITIV IBES
DATA
    * RADIANT LOGISTICS - DURING MARCH HAD TO MAKE DIFFICULT
DECISION
TO INITIATE SERIES OF WORKFORCE REDUCTION MEASURES IMPACTING
EMPLOYEES ACROSS U.S. OPERATIONS
    * SAYS WORKFORCE REDUCTION MEASURES INCLUDED 20% SALARY
REDUCTIONS, REDUCTION IN HOURS, FURLOUGHS AND TERMINATIONS
    * SAYS INITIATED 50% REDUCTION IN CEO BASE SALARY AND
BALANCE OF
U.S.-BASED LEADERSHIP TEAM AGREED TO REDUCE BASE SALARIES BY 20%
    * SAYS BOARD OF DIRECTORS HAS AGREED TO 50% REDUCTION IN
BOARD
CASH COMPENSATION

Source text for Eikon:  ID:nPn5S8NTna 
Further company coverage:  RLGT.A 

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