Radiant(US:RLGT) Prnewswireยท2025-11-10 21:05Core Insights - Radiant Logistics, Inc. reported financial results for the three months ended September 30, 2025, showing revenue growth and strategic acquisitions while facing challenges in the freight environment [1][6][8]. Financial Performance - Revenues reached $226.7 million, an increase of $23.1 million or 11.3% compared to $203.6 million in the same period last year [6][10]. - Gross profit was $57.1 million, up $3.0 million or 5.5% from $54.1 million year-over-year [6][10]. - Adjusted net income was $4.5 million, down $3.4 million or 43.0% from $7.9 million in the prior year [6][11]. - Adjusted EBITDA was $6.8 million, a decrease of $2.7 million or 28.4% compared to $9.5 million in the same period last year [6][12]. Acquisition Activity - The company acquired an 80% ownership interest in Weport, S.A. de C.V., a Mexico-based logistics company, effective September 1, 2025 [3][9]. - The acquisition is structured to include a portion of the purchase price contingent on future performance and integration milestones [4]. Stock Buy-Back Program - Radiant Logistics repurchased 139,992 shares at an average cost of $5.96 per share, totaling $0.8 million during the quarter [5][9]. - An additional 341,466 shares were purchased post-quarter for $2.0 million [7][9]. Management Commentary - CEO Bohn Crain highlighted the company's solid financial results despite a challenging freight environment, emphasizing growth from acquisitions and organic opportunities in contract logistics and technology services [8][9]. - The company remains virtually debt-free with a net debt of approximately $2.0 million as of September 30, 2025, relative to a $200.0 million credit facility [9]. Future Outlook - The company plans to continue a balanced approach to capital allocation, focusing on agent station conversions, synergistic acquisitions, and stock buybacks while investing in sales resources and technology deployment [9].