Citizens Upgrades Radiant Logistics on Strong Q4 Results Despite Weak Full-Year Performance
Radiant Logistics (NYSEAMERICAN:RLGT) reported a strong fourth-quarter performance with revenue rising by 18.5% to $261.4 million, net income increasing by 53.1%, and adjusted EBITDA climbing 31.6%. Based on these results, Citizens upgraded the stock from Market Perform to Outperform with a price target of $10 per share. However, full-year performance was more muted: revenue grew just 3.5% to $934.4 million and adjusted EBITDA fell by 5.4%. Management noted that recent improvements in domestic truck brokerage have not yet been fully reflected in the reported figures. Ongoing global disruptions such as issues at the Strait of Hormuz, Houthi activity affecting Suez Canal traffic, and new Canadian retaliatory tariffs add uncertainty. Despite these challenges, Radiant enters fiscal 2027 with a strong balance sheet—zero net debt, $25.6 million in cash—and an expanded credit facility to support future acquisitions.
Tickers: $RLGT
Topics: ebitda_growth freight logistics stock_upgrade