In This Article:
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Revenue (Q2 2024): $264.5 million
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Net Income (Q2 2024): $6.467 million
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Net Income Increase (Q2 2024 vs. Q2 2023): 556.5%
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Adjusted Net Income (Q2 2024): $10.695 million
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Adjusted EBITDA (Q2 2024): $12.016 million
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Cash on Hand: Approximately $20 million
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Credit Facility: Untapped $200 million
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Revenue (6 months ended Dec 31, 2024): $468.1 million
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Net Income (6 months ended Dec 31, 2024): $9.843 million
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Adjusted Net Income (6 months ended Dec 31, 2024): $18.578 million
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Adjusted EBITDA (6 months ended Dec 31, 2024): $21.468 million
Release Date: February 10, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Radiant Logistics Inc (RLGT) reported a significant increase in net income for the quarter, with a 556.5% rise compared to the same period last year.
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The company achieved $12 million in adjusted EBITDA for the second fiscal quarter, reflecting strong financial performance.
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Radiant Logistics Inc (RLGT) maintains a strong balance sheet with approximately $20 million in cash and no meaningful debt.
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The company successfully completed strategic acquisitions, including Foundation Logistics, Focus Logistics, and TCD Transportation, enhancing its service offerings.
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Radiant Logistics Inc (RLGT) continues to support humanitarian projects, such as chartering flights to deliver IV fluids during national shortages, showcasing its commitment to social responsibility.
Negative Points
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The company anticipates near-term challenges due to market headwinds and recently introduced tariffs with China, Mexico, and Canada.
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Radiant Logistics Inc (RLGT) expects its slowest seasonal quarter ahead, which may impact financial performance.
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The logistics market remains tough, with aggressive pricing expectations from shippers, affecting profitability.
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There is uncertainty regarding the impact of tariffs on future operations, which could lead to further market disruptions.
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Currency fluctuations, particularly with the Canadian operation, could have a small impact on financial results.
Q & A Highlights
Q: Can you provide more detail on the outperformance in the December quarter? Was Hurricane Milton the primary driver? A: Yes, the diversity of our service offering and our involvement in initiatives around Hurricane Milton were significant drivers of our outperformance. We also saw a modest bump from pull-forward activities in anticipation of tariffs. However, the market remains challenging overall. - Bohn Crain, CEO
Q: Could you discuss the strategic rationale behind the acquisition of TCB and its expected impact on your business? A: TCB enhances our intermodal offering, particularly in the 40-foot space, complementing our existing 53-foot services. We anticipate $2 million to $3 million in incremental EBITDA from TCB. This acquisition aligns with our strategy to build a robust bimodal service offering. - Bohn Crain, CEO