NYSE$RLGT
Radiant Logistics Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Radiant Logistics navigated a slower freight environment and generated a record $97.9 million in cash from operations for FYE June 30, 2023.
Radiant Logistics reported Q4 2023 results with net income attributable to Radiant Logistics, Inc. of $3.1 million on revenues of $232.2 million, or $0.07 per basic and $0.06 per fully diluted share. The company generated a record $97.9 million in cash from operations for the fiscal year ended June 30, 2023 and is debt free and well positioned for future growth.
- Revenues for the quarter were $232.2 million, compared to $382.9 million for the three months ended June 30, 2022.
- Net income attributable to Radiant Logistics, Inc. for the quarter was $3.1 million, or $0.07 per basic and $0.06 per fully diluted share.
- Adjusted net income for the quarter was $6.5 million, or $0.14 per basic and $0.13 per fully diluted share.
- Adjusted EBITDA for the quarter was $9.2 million, compared to $26.4 million for the comparable prior year period.
Headline financials
Revenue & EPS history
Radiant Logistics · Revenue · Quarterly
$232M
Forward guidance
The company is focused on delivering profitable growth through a combination of organic and acquisition initiatives and thoughtfully re-levering the balance sheet through agent station conversions, synergistic tuck‑in acquisitions, and stock buy‑backs.
Tailwinds
- Company is in the strongest financial position in its history.
- Approximately $32.5 million of cash on hand and nothing drawn on $200.0 million credit facility.
- Well positioned to navigate through slower freight markets.
- Patience and discipline may be rewarded as market conditions become more conducive to acquisition strategy.
- Ample dry powder to become more active on the acquisition front should the opportunity present itself.
Headwinds
- Macro-economic effects of the difficult freight markets on the entire industry.
- Shippers continuing to manage through elevated inventories.
- Reduced imports and slowing economic growth.
- Market conditions have negatively impacted current results.
- Year-over-year comparison to record results for prior year period.
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 Q4 2023
+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
| Quarter | Report date | Reaction (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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