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RLGT — Radiant Logistics News Story

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Radiant Logistics Q1 revenue beats estimates

Overview

Radiant Logistics Q1 revenue rises 11.3%, beating analyst expectations

Adjusted EBITDA for Q1 misses analyst estimates

Company acquired 80% of Mexico-based Weport, expanding its market reach

Outlook

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

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

Radiant Logistics anticipates growth in Mexican market following Weport acquisition

Result Drivers

ACQUISITIONS - Revenue growth driven by acquisition of 80% stake in Mexico-based Weport

NAVEGATE PLATFORM - Co highlights Navegate platform as a key differentiator for organic growth

ORGANIC GROWTH - Co sees organic growth opportunities in contract logistics and technology services

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueBeat$226.70 mln$206.64 mln (2 Analysts)
Q1 Adjusted EBITDAMiss$6.80 mln$9.50 mln (1 Analyst)
Q1 Adjusted EBITDA Margin11.40%
Q1 Adjusted Gross Profit$59.50 mln
Q1 Gross Profit$57.10 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 23.6% above its November 7 closing price of $6.11 The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 9 three months ago Press Release: ID:nPn73WfPya For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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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