Radiant(US:RLGT)2026-02-09 21:05Financial Performance - Revenues for the second fiscal quarter ended December 31, 2025, were $232.1 million, down 12.2% from $264.5 million in the prior year, but up 16.2% when excluding $64.8 million from the Milton Project[2] - Adjusted net income for the second fiscal quarter was $8.1 million, down 24.3% from $10.7 million in the prior year, but up 30.6% when excluding $4.5 million from the Milton Project[2] - Revenues for the three months ended December 31, 2025, were $232.13 million, a decrease of 12.2% compared to $264.54 million for the same period in 2024[23] - Net income attributable to Radiant Logistics, Inc. for the three months ended December 31, 2025, was $5.31 million, down from $6.47 million in the same period of 2024, representing a decline of 17.9%[23] - Adjusted net income for the three months ended December 31, 2025, was $8,076,000, a decrease of 24.4% compared to $10,696,000 in 2024[32] - GAAP net income attributable to Radiant Logistics, Inc. for the three months ended December 31, 2025, was $5,305,000, compared to $6,467,000 in 2024, showing a decrease of 18%[32] Profitability Metrics - Gross profit increased to $61.0 million, a rise of 2.3% compared to $59.6 million in the prior year, and up 16.0% when excluding $7.0 million from the Milton Project[2] - Adjusted EBITDA was $11.8 million, a decrease of 1.7% from $12.0 million in the prior year, but up 93.4% when excluding $5.9 million from the Milton Project[2] - The adjusted EBITDA margin for the second fiscal quarter was 18.6%, reflecting an increase of 780 basis points compared to 10.8% in the prior year when excluding the Milton Project[4] - Adjusted gross profit for the three months ended December 31, 2025, was $63,461,000, slightly up from $63,305,000 in 2024, indicating a stable performance[29] - The adjusted gross profit percentage for the three months ended December 31, 2025, was 27.3%, up from 23.9% in 2024, indicating improved efficiency[29] Assets and Liabilities - Total current assets increased to $191.39 million as of December 31, 2025, compared to $179.25 million as of June 30, 2025, reflecting a growth of 6.2%[21] - Total liabilities rose to $208.19 million as of December 31, 2025, compared to $200.69 million as of June 30, 2025, indicating an increase of 3.7%[21] - Cash and cash equivalents increased to $31.88 million as of December 31, 2025, from $22.94 million as of June 30, 2025, marking a significant increase of 38.8%[21] Operational Efficiency - The company reported a gross profit margin that is expected to improve as operational efficiencies are realized through strategic initiatives[26] - The company is focused on integrating recently acquired businesses to leverage synergies and enhance overall performance[25] - The company anticipates continued growth in user data and market expansion as part of its strategic initiatives moving forward[25] Strategic Initiatives - The Navegate platform is expected to enhance visibility and decision-making in supply chain management, representing a competitive advantage for organic growth[5] - The launch of 'Ray', an AI-powered agent, aims to streamline quote request administration, improving operational efficiencies[6] - The company plans to continue a balanced approach to capital allocation, focusing on agent station conversions, acquisitions, and stock buy-backs while investing in sales resources[6] Shareholder Returns - The company purchased 445,058 shares at an average cost of $5.97 per share, totaling $2.7 million during the quarter[3] - The weighted average common shares outstanding for the six months ended December 31, 2025, was 47,039,566, slightly up from 46,831,938 in 2024[32] Interest and Expenses - Operating expenses for the three months ended December 31, 2025, totaled $224.65 million, a decrease of 12.2% from $255.82 million in the same period of 2024[23] - The company reported a net interest expense of $589,000 for the three months ended December 31, 2025, compared to a net interest income of $56,000 in 2024[30]