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Company Highlights
Monday, April 03, 2017
RADIANT LOGISTICS ACQUIRES CANADA-BASED LOMAS LOGISTICS
   

BELLEVUE, WA April 3, 2017 – Radiant Logistics, Inc. (NYSE MKT: RLGT), a third party logistics and multi-modal transportation services company, announced that, on April 1, 2017, it acquired Lomas Logistics, a division of L.V. Lomas Limited, through its wholly owned subsidiary, Wheels International Inc.


Wednesday, February 08, 2017
RADIANT LOGISTICS ANNOUNCES FINANCIAL RESULTS FOR THE SECOND FISCAL QUARTER
   

BELLEVUE, WA February 8, 2017 – Radiant Logistics, Inc. (NYSE MKT: RLGT), a third party logistics and multi-modal transportation services company, today reported financial results for the three and six months ended December 31, 2016.


02/08/17 1:11 pm
RADIANT LOGISTICS ANNOUNCES FINANCIAL RESULTS FOR THE SECOND FISCAL QUARTER

BELLEVUE, WA February 8, 2017 – Radiant Logistics, Inc. (NYSE MKT: RLGT), a third party logistics and multi-modal transportation services company, today reported financial results for the three and six months ended December 31, 2016.


Second Fiscal Quarter Financial Highlights (Quarter Ended December 31, 2016)
  • Revenues were $198.9 million, down $7.4 million, or 3.6% compared to revenues of $206.3 million for the comparable prior year period.
  • Net revenues were $50.1 million, up $2.5 million, or 5.3% compared to net revenues of $47.6 million for the comparable prior year period.
  • Net income attributable to common stockholders was $2.1 million, or $0.04 per basic and fully diluted share for the second fiscal quarter ended December 31, 2016, compared to a net loss attributable to common stockholders of $2.5 million, or $0.05 per basic and fully diluted share for the comparable prior year period.
  • Adjusted net income attributable to common stockholders increased 66.7% to $5.0 million, or $0.10 per basic and fully diluted share for the second fiscal quarter ended December 31, 2016 compared to adjusted net income attributable to common stockholders of $3.0 million, or $0.06 per basic and fully diluted share for the comparable prior year period. Periods are calculated by applying a normalized tax rate of 36% and excluding other items not considered part of regular operating activities.
  • Adjusted EBITDA increased 44.1% to $8.9 million for the second fiscal quarter ended December 31, 2016, compared to adjusted EBITDA of $6.2 million for the comparable prior year period. Normalizing these results to exclude non-recurring transition costs associated with the interim operation of Service by Air’s back-office operations, adjusted EBITDA would have been $9.2 million for the second fiscal quarter ended December 31, 2016 compared to $6.9 million for the comparable prior year period.

Click here for full press release with additional financial detail (pdf)