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Radiant Logistics Announces Results For The Fourth Fiscal Quarter And Year Ended June 30, 2018

Reports record quarterly results with revenues of $233.8 million, up $32.0 million or 15.9%; Net revenues of $59.3 million, up $9.5 million or 19.0%; and Adjusted EBITDA of $9.9 million

BELLEVUE, WA September 13, 2018 – Radiant Logistics, Inc. (NYSE American: RLGT), a third-party logistics and multimodal transportation services company, today reported financial results for the three and twelve months ended June 30, 2018.

Fourth Fiscal Quarter Financial Highlights (Quarter Ended June 30, 2018)

  • Revenues increased to a record $233.8 million for the fourth fiscal quarter ended June 30, 2018, up $32.0 million or 15.9% compared to revenues of $201.8 million for the comparable prior year period.
  • Net revenues increased to a record $59.3 million for the fourth fiscal quarter ended June 30, 2018, up $9.5 million or 19.0% compared to net revenues of $49.8 million for the comparable prior year period.
  • Net income allocable to common stockholders increased to a record $4.3 million, or $0.09 per basic and fully diluted share, compared to net loss allocable to common stockholders of $1.0 million, or $0.02 per basic and fully diluted share  for the comparable prior year period.
  • Adjusted net income allocable to common stockholders increased to a record $5.7 million, or $0.11 per basic and fully diluted share for the fourth fiscal quarter ended June 30, 2018, compared to adjusted net income allocable to common stockholders of $3.8 million, or $0.08 per basic and fully diluted share for the comparable prior year period. Periods are calculated by applying a normalized tax rate of 31% and excluding other items not considered part of regular operating activities.
  • Adjusted EBITDA increased to a record $9.9 million for the fourth fiscal quarter ended June 30, 2018, up $3.0 million or 43.5% compared to adjusted EBITDA of $6.9 million for the comparable prior year period.
  • Adjusted EBITDA margin (expressed as a function of net revenues) increased 280 basis points to 16.7% for the fourth fiscal quarter ended June 30, 2018, compared to Adjusted EBITDA margin of 13.9% for the comparable prior year period.

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About Radiant Logistics, Inc.

Radiant Logistics, Inc. (www.radiantdelivers.com) is a comprehensive North American provider of third-party logistics and multimodal transportation services. Through its comprehensive service offering, Radiant provides domestic and international freight forwarding services, truck and rail brokerage services and other value-added supply chain management services, including customs brokerage, order fulfillment, inventory management and warehousing to a diversified account base including manufacturers, distributors and retailers using a network of independent carriers and international agents positioned strategically around the world.