RADIANT LOGISTICS ANNOUNCES RESULTS FOR THE SECOND FISCAL QUARTER ENDED DECEMBER 31, 2024

Core Insights - Radiant Logistics, Inc. continues to show strong financial performance despite market challenges, reporting significant growth in revenues and net income for the second fiscal quarter ended December 31, 2024 [1][9][11]. Financial Performance - For the three months ended December 31, 2024, the company reported revenues of $264.5 million, an increase of $63.4 million or 31.5% compared to $201.1 million in the same period of the previous year [11]. - Net income attributable to Radiant Logistics, Inc. for the same period was $6.5 million, up from $1.0 million, representing a 550.0% increase [9][11]. - Adjusted net income for the three months ended December 31, 2024, was $10.7 million, a 94.5% increase from $5.5 million in the prior year [10][31]. - Adjusted EBITDA for the quarter was $12.0 million, reflecting a 55.8% increase compared to $7.7 million in the same quarter of the previous year [12][31]. Acquisition Strategy - The company has made several strategic acquisitions, including Foundation Logistics & Services, Focus Logistics, and TCB Transportation, aimed at enhancing its service offerings and market presence [3][4][5][8]. - Each acquisition was structured to include a performance-based component in the purchase price, aligning future payments with the success of the acquired operations [6]. Market Position and Outlook - The company maintains a strong balance sheet with approximately $20.0 million in cash and an untapped $200 million credit facility, positioning it well for future growth [8]. - Despite strong current results, the company anticipates challenges in the near term due to market headwinds and tariffs affecting trade with China, Mexico, and Canada [8]. Operational Highlights - The company has been actively involved in humanitarian efforts, including chartering flights to address national shortages of IV fluids due to Hurricane Milton, showcasing its commitment to social responsibility [7]. - The adjusted EBITDA margin improved to 19.0%, up from 12.4% in the prior year, indicating enhanced operational efficiency [11][30]. Six-Month Financial Overview - For the six months ended December 31, 2024, revenues totaled $468.1 million, up from $411.9 million in the same period of the previous year [13][22]. - Net income for the six-month period was $9.8 million, compared to $3.6 million in the prior year, reflecting strong growth [13][24].