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
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$226.70 mln
$206.64 mln (2 Analysts)
Q1 Adjusted EBITDA
Miss
$6.80 mln
$9.50 mln (1 Analyst)
Q1 Adjusted EBITDA Margin
11.40%
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
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(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.)