Radiant Logistics Reports Strong Fiscal Fourth-Quarter Results
Radiant Logistics reported double-digit growth in its fiscal fourth quarter, with revenue reaching $261 million—up 19% year over year and exceeding the consensus estimate by $30 million. The company's adjusted earnings per share were also higher than expected. Strong international performance driven by disaster relief shipments following typhoons contributed to improved results. The CEO noted that tightening domestic truckload and intermodal markets are beneficial for future growth, particularly in U.S. Brokerage operations. Radiant amended its credit facility, extending the maturity of the line of credit and increasing acquisition capacity. The company also launched a new independent agent program aimed at expanding organic growth through acquisitions. The positive earnings report led to an 16% rise in RLGT shares early Tuesday trading.
Tickers: $RLGT
Topics: Logistics Market Trends Revenue Growth Stock Performance