Core Insights - Radiant Logistics exceeded quarterly expectations, with management noting that customers are becoming increasingly optimistic despite soft international ocean volumes [1] - The company is successfully rolling out Navegate, a proprietary global trade management platform, which is expected to drive organic growth [2] Financial Performance - Radiant reported revenue of $232 million for the fiscal second quarter, a decrease of $32 million year-over-year, and $3 million below consensus estimates [3] - Adjusted net income was $8.1 million, or 17 cents per share, which was 9 cents above consensus but 5 cents lower year-over-year [4] - The adjusted EBITDA was $11.8 million, down 2% year-over-year, impacted by a $5.9 million headwind from the previous year's hurricane project [4] Cash Position and Future Plans - The company ended the quarter with $32 million in cash, exceeding its debt and finance lease obligations by nearly $1 million [5] - Radiant has a $200 million credit facility to support stock buybacks, acquisitions, and converting third-party agent stations into company-owned operations [5] - Shares of RLGT rose 7.4% in after-hours trading following the earnings report [5]

Financial Data and Key Metrics Changes - The company generated $11.8 million in Adjusted EBITDA for the second fiscal quarter ended December 31, 2025, reflecting a year-over-year increase of $5.7 million, or 93.4%, when excluding $5.9 million from Project Milton in the prior year [3][4] - Adjusted gross profit margin improved by 340 basis points to 27.3% compared to 23.9% in the year-ago period [4] - Net income attributable to Radiant Logistics decreased by approximately $1.162 million, or 18%, to $5.305 million on revenues of $232.1 million for the three months ended December 31, 2025 [9][10] - For the six months ended December 31, 2025, net income decreased by approximately $3.245 million, or 33%, to $6.598 million on revenues of $458.8 million [12] Business Line Data and Key Metrics Changes - Same-store growth contributed $3.6 million in U.S. operations, $1.4 million in Canadian operations, and $0.7 million from acquisitions [4] - Adjusted EBITDA margin expanded by 780 basis points to 18.6% when excluding the impact of Project Milton from the prior year [4] Market Data and Key Metrics Changes - The international and ocean imports market remains relatively soft, but there is a tightening of capacity with increasing tender rejection rates [17][18] - The company anticipates that the tightening capacity environment will positively affect overall margin characteristics in the upcoming quarter [18] Company Strategy and Development Direction - The company is focused on leveraging its proprietary global trade management platform, Navegate, to enhance visibility and decision-making in supply chain management [5] - The launch of Ray, an AI-powered agent, aims to streamline quote request administration and improve operational efficiencies [6] - The company plans to maintain a balanced approach to capital allocation through agent station conversions, acquisitions, and stock buybacks while investing in sales resources [8][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand environment, noting a general bullish sentiment and improvement in growth excluding project cargo [17] - There are no immediate project opportunities from recent severe weather, but the company remains prepared for potential natural disaster-related work [19] - The company is experiencing positive feedback and interest in Navegate, indicating a compounding effect as more vendors are onboarded [20][21] Other Important Information - The company remains virtually debt-free with no net debt as of December 31, 2025, and has a $200 million credit facility [7] - The stock buyback program resulted in the acquisition of $2.7 million of the company's stock during the quarter [7] Q&A Session Summary Question: Current demand environment and project work from severe weather - Management noted a generally bullish sentiment in the market, with some improvement in growth excluding project cargo, while international imports remain soft [17] - No project work is currently on the books from severe weather, but the company is monitoring the situation [19] Question: Expected revenue from Navegate this year - Management refrained from providing specific revenue numbers but highlighted positive feedback and increasing interest from vendors as they onboard onto the platform [20][21]

Core Insights - Radiant Logistics, Inc. reported financial results for the second fiscal quarter ended December 31, 2025, showing a revenue decline but significant growth in adjusted metrics when excluding the prior year's Milton Project revenues [1][4][5]. Financial Performance - Revenues for the second fiscal quarter were $232.1 million, down $32.4 million or 12.2% from $264.5 million in the prior year, primarily due to the absence of $64.8 million from the Milton Project [4][8]. - Gross profit increased to $61.0 million, up $1.4 million or 2.3% compared to the prior year, with a 16.0% increase when excluding the Milton Project [4][5]. - Adjusted net income was $8.1 million, down 24.3% from $10.7 million in the prior year, but up 30.6% when excluding the Milton Project [9][12]. - Adjusted EBITDA was $11.8 million, a slight decrease of 1.7% from $12.0 million in the prior year, but up 93.4% when excluding the Milton Project [10][13]. Operational Highlights - The company launched its first AI-powered agent, "Ray," aimed at streamlining international quote requests, enhancing operational efficiency [7]. - The Navegate platform is advancing the company's digital transformation, providing a competitive edge in global trade management [6]. Capital Management - The company repurchased 445,058 shares at an average cost of $5.97 per share, totaling $2.7 million during the quarter [3]. - Radiant Logistics remains virtually debt-free with no net debt as of December 31, 2025, relative to a $200 million credit facility [5][7]. Market Position - The company emphasizes its diversified service offerings and disciplined capital allocation strategy, which are expected to support profitable growth through both organic and acquisition initiatives [5][7].

Core 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].