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Radiant Logistics – generating cash, lowering debt, ready to acquire

May 10, 2019 / FreightWaves
SHARESHARESHARE

Third-party logistics and multimodal transportation services company, Radiant Logistics, Inc. (RLGT), reported earnings of $0.11 per share for the quarter ending March 31, 2019 (RLGT’s third fiscal quarter 2019), $0.04 better than the consensus estimate and $0.06 better year-over-year.Total revenue increased 1 percent year-over-year to $206 million with net revenue climbing 8.5 percent to $52.7 million. The net revenue margin increased 180 basis points to 25.6 percent with an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margin 420 basis points better at 16 percent.