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RLGT Radiant Logistics News Story

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Radiant Logistics Q2 revenue falls

Overview

Logistics firm's fiscal Q2 revenue fell 12.2% yr/yr

Adjusted EBITDA for fiscal Q2 rose 93.4% excluding Milton Project

Company repurchased $2.7 mln worth of shares in fiscal Q2

Outlook

Radiant Logistics expects Navegate platform to drive organic growth in coming quarters

Company plans balanced capital allocation through acquisitions and stock buy-backs

Result Drivers

SAME-STORE GROWTH - Radiant Logistics reported same-store growth of $3.6 mln in U.S. operations and $1.4 mln in Canadian operations, contributing to adjusted EBITDA increase

NAVEGATE PLATFORM - Advancing digital transformation with Navegate platform to enhance supply chain visibility and decision-making

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueMiss$232.10 mln$235.47 mln (2 Analysts)
Q2 Adjusted EBITDABeat$11.80 mln$8.70 mln (1 Analyst)
Q2 Adjusted EBITDA Margin18.6%
Q2 Adjusted Gross Profit$63.5 mln
Q2 Gross Profit$61 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy" Wall Street's median 12-month price target for Radiant Logistics Inc is $8.00, about 11.9% above its February 6 closing price of $7.15 The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 18 three months ago Press Release: ID:nPn2NvCKca For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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