NYSE$RLGT

Radiant Logistics Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Radiant Logistics reported solid financial results, effectively mitigating the financial impact of COVID-19 through cost-saving measures and strategic initiatives.

Radiant Logistics reported revenues of $175.9 million and net income of $3.1 million, or $0.06 per share for the quarter ended September 30, 2020. The company mitigated the negative financial impact of COVID-19 through cost-saving and strategic initiatives.

  • Revenues reported at $175.9 million, compared to $200.5 million for the comparable prior year period.
  • Net income reported at $3.1 million, or $0.06 per basic and fully diluted share, compared to $3.2 million, or $0.07 per basic and $0.06 per fully diluted share for the comparable prior year period.
  • Adjusted net income reported at $6.5 million, or $0.13 per basic and fully diluted share, consistent with the comparable prior year period.
  • Adjusted EBITDA reported at $9.2 million, compared to $9.7 million for the comparable prior year period.

Headline financials

Total Revenue

$176M

Previous: $201M-12.3%
EPS (adj)

$0.13

Previous: $0.13+0.0%
Adjusted EBITDA

$9.23M

Previous: $9.68M-4.7%
Capital Expenditures

-$2.07M

Previous: $1.7M-221.7%
Free Cash Flow

$1.02M

Previous: $3.24M-68.4%
Net Income

$3.09M

Previous: $3.24M-4.5%
Operating Income

$4.79M

Previous: $4.8M-0.3%
Gross Profit

$29M

Previous: $55.5M-47.7%
Cash & Equivalents

$23.9M

Previous: $9.22M+159.1%
Total Assets

$289M

Previous: $293M-1.4%
Stock-Based Comp

$144K

Previous: $430K-66.5%

Revenue & EPS history

Radiant Logistics · Revenue · Quarterly

$176M

Q1 2021-12.3%vs Q1 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The company is optimistic about the economy, its ultimate recovery, and the opportunities it will present for Radiant. They will continue to closely monitor the economy and look forward to re-engaging in acquisition opportunities and/or stock buy-back activities as opportunities arise.

Tailwinds

  • Seeing slow and steady improvement across many industry verticals.
  • Broad-based tightening of capacity heading into peak season.
  • Diversity of customers and service offerings.
  • Strength of balance sheet.
  • Scalability of technology and extensive carrier-partner network.

Headwinds

  • Overall demand for transportation services has been significantly impacted.
  • Impacts of the COVID-19 pandemic.
  • Dependence on current management.
  • Dependence on certain of our larger strategic operating partners.
  • Global economic climate and additional or unforeseen effects from the COVID-19 pandemic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.2%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+2.2%

Avg return

30 days after

50%

32 / 64 earnings

Positive

+19.1%

Q2 2017

Best reaction

-21.6%

Q1 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+9.4%+5.1%+15.1%
Q2 2026+16.3%+4.1%-3.4%
Q1 2026-2.4%-3.9%+9.7%
Q3 2025+0.3%-1.5%-2.9%
Q2 2025+3.6%+5.5%-7.5%
Q1 2025-7.5%-5.4%-3.8%
Q4 2024+4.6%+2.5%+4.6%
Q3 2024-1.2%-2.7%+3.9%
Q2 2024+4.1%-5.6%-8.7%
Q1 2024-1.0%+9.9%+7.2%
Q4 2023-7.2%-11.2%-11.0%
Q3 2023-4.6%+0.5%+2.7%
Q2 2023+9.1%+22.2%+16.9%
Q1 2023-3.0%-3.0%-12.2%
Q4 2022-1.6%-8.9%-17.7%
Q3 2022+10.9%+9.0%+22.8%
Q2 2022+12.5%+12.9%+5.8%
Q1 2022+12.9%+15.8%+2.9%
Q4 2021-0.9%-2.7%-2.8%
Q3 2021+11.3%+15.3%+5.6%
Q2 2021+11.3%+11.1%+8.7%
Q1 2021+12.5%+11.5%+23.6%
Q4 2020+4.6%+1.2%+0.0%
Q3 2020-17.0%-19.6%-0.9%
Q2 2020-5.6%-4.4%-28.2%
Q1 2020-1.6%-5.3%+5.4%
Q4 2019+0.2%-7.2%-4.0%
Q3 2019-2.5%-5.7%-7.0%
Q2 2019+8.9%+10.7%+14.4%
Q1 2019+7.2%+13.4%-4.9%
Q4 2018+13.7%+19.0%+15.2%
Q3 2018-1.1%+0.5%+10.3%
Q2 2018-15.9%-21.5%-16.1%
Q1 2018-0.6%-15.2%-11.1%
Q4 2017-2.7%-2.9%+2.1%
Q3 2017-4.1%-3.8%-21.1%
Q2 2017+19.1%+36.0%+44.0%
Q1 2017+14.8%+27.0%+45.2%
Q4 2016-14.2%-20.0%-18.7%
Q3 2016-11.7%
Q2 2016+5.8%
Q1 2016+4.3%
Q4 2015-5.3%
Q3 2015+3.5%
Q2 2015+1.1%
Q1 2015-10.5%
Q4 2014+10.9%
Q3 2014+0.7%
Q2 2014-2.9%
Q1 2014+4.5%
Q4 2013+9.1%
Q3 2013+1.5%
Q2 2013+7.3%
Q1 2013-21.6%
Q4 2011-1.7%
Q4 2012-1.7%
Q3 2011-4.5%
Q3 2012-4.5%
Q2 2011-1.7%
Q2 2012-1.7%
Q1 2011-2.5%
Q1 2012+4.3%
Q4 2010+5.6%
Q3 2010-7.1%

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