Radiant Logistics Inc
F:3GT
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Radiant Logistics Inc
Radiant Logistics, Inc. is a non-asset-based global transportation and supply chain management company. The company is headquartered in Renton, Washington and currently employs 836 full-time employees. The company went IPO on 2005-03-11. The company provides domestic and international freight forwarding along with truck and rail brokerage services to a diversified account base, including manufacturers, distributors and retailers that have agent-owned offices throughout North America and other markets around the world. Its value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management, and technology services. The company serves various industries, such as consumer goods, food and beverage, electronics and high-tech, aviation and automotive, military and government, and manufacturing and retail customers. As a third-party logistics provider, its primary business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment and other goods.
Radiant Logistics, Inc. is a non-asset-based global transportation and supply chain management company. The company is headquartered in Renton, Washington and currently employs 836 full-time employees. The company went IPO on 2005-03-11. The company provides domestic and international freight forwarding along with truck and rail brokerage services to a diversified account base, including manufacturers, distributors and retailers that have agent-owned offices throughout North America and other markets around the world. Its value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management, and technology services. The company serves various industries, such as consumer goods, food and beverage, electronics and high-tech, aviation and automotive, military and government, and manufacturing and retail customers. As a third-party logistics provider, its primary business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment and other goods.
EBITDA: Adjusted EBITDA was $6.8 million for the quarter, impacted by a $1.3 million bad debt expense; excluding this, adjusted EBITDA would have been $8.1 million.
Revenue: Revenue rose to $226.7 million, up from $203.6 million in the same quarter last year.
Profit Decline: Net income dropped to $1.3 million from $3.4 million last year, a decrease of 61.7%.
Navegate Launch: Management is enthusiastic about early deployments of the Navegate technology platform, expecting it to drive incremental organic growth in coming quarters.
M&A and Expansion: The acquisition of Mexico-based Weport strengthens Radiant's North American capabilities, especially as trade with Mexico grows.
Stock Buybacks: The company repurchased $0.8 million in stock during the quarter and an additional $2.8 million after the quarter ended.
Freight Market: Management described the freight environment as difficult, particularly internationally, but noted some early signs of improvement in domestic brokerage pricing.
