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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)


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