Radiant(US:RLGT)2025-11-10 21:55Financial Performance - Revenues for the three months ended September 30, 2025, were $226.7 million, an increase of $23.1 million or 11.3% compared to $203.6 million for the same period last year[6] - Gross profit for the same period was $57.1 million, up $3.0 million or 5.5% from $54.1 million year-over-year[6] - Adjusted net income for the three months ended September 30, 2025, was $4.5 million, down $3.4 million or 43.0% compared to $7.9 million for the prior year[11] - Adjusted EBITDA for the three months ended September 30, 2025, was $6.8 million, a decrease of $2.7 million or 28.4% from $9.5 million in the same period last year[12] - Net income attributable to Radiant Logistics, Inc. for the three months ended September 30, 2025, was $1,293,000, compared to $3,376,000 in 2024, reflecting a decrease of 61.7%[22] - Adjusted net income for the three months ended September 30, 2025, was $4,467,000, down from $7,883,000 in 2024, a decline of 43.5%[31] - Basic income per share for the three months ended September 30, 2025, was $0.03, compared to $0.07 in 2024, a decline of 57.1%[22] Margins and Profitability - The adjusted EBITDA margin for the three months ended September 30, 2025, was 11.4%, down from 16.4% for the comparable prior year period[6] - GAAP gross profit margin for the three months ended September 30, 2025, was 25.2%, down from 26.6% in 2024[28] - Adjusted gross profit for the three months ended September 30, 2025, was $59,453,000, compared to $57,554,000 in 2024, an increase of 3.3%[28] Assets and Liabilities - Total current assets increased to $195,270,000 as of September 30, 2025, from $179,250,000 as of June 30, 2025, a rise of 8.9%[20] - Total liabilities increased to $218,169,000 as of September 30, 2025, compared to $200,689,000 as of June 30, 2025, an increase of 8.7%[20] - Cash and cash equivalents increased to $28,106,000 as of September 30, 2025, from $22,942,000 as of June 30, 2025, a growth of 22.5%[20] Strategic Initiatives - The company acquired an 80% ownership interest in Weport, S.A. de C.V., a Mexico-based logistics company, effective September 1, 2025[3] - The company expects to continue a balanced approach to capital allocation, focusing on acquisitions and stock buy-backs while investing in sales resources[9] - Navegate, the company's proprietary global trade management platform, is anticipated to drive organic growth by enhancing supply-chain visibility and decision-making[8] Shareholder Actions - The company repurchased 139,992 shares at an average cost of $5.96 per share, totaling $0.8 million during the quarter[5]