Overview
Logistics firm's fiscal Q2 revenue fell 12.2% yr/yr
Adjusted EBITDA for fiscal Q2 rose 93.4% excluding Milton Project
Company repurchased $2.7 mln worth of shares in fiscal Q2
Outlook
Radiant Logistics expects Navegate platform to drive organic growth in coming quarters
Company plans balanced capital allocation through acquisitions and stock buy-backs
Result Drivers
SAME-STORE GROWTH - Radiant Logistics reported same-store growth of $3.6 mln in U.S. operations and $1.4 mln in Canadian operations, contributing to adjusted EBITDA increase
NAVEGATE PLATFORM - Advancing digital transformation with Navegate platform to enhance supply chain visibility and decision-making
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $232.10 mln | $235.47 mln (2 Analysts) |
Q2 Adjusted EBITDA | Beat | $11.80 mln | $8.70 mln (1 Analyst) |
Q2 Adjusted EBITDA Margin | 18.6% | ||
Q2 Adjusted Gross Profit | $63.5 mln | ||
Q2 Gross Profit | $61 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy"
Wall Street's median 12-month price target for Radiant Logistics Inc is $8.00, about 11.9% above its February 6 closing price of $7.15
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 18 three months ago
Press Release: ID:nPn2NvCKca
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)