Company Announcements Financial Notices

Radiant Logistics Announces Results For The Second Fiscal Quarter Ended December 31, 2018

Reports record quarterly results with revenues of $260.9 million, up $54.2 million or 26.2%; Net revenues of $64.0 million, up $16.6 million or 35.0%; and Adjusted EBITDA of $12.5 million, up $5.4 million or 76.1%

BELLEVUE, WA February 11, 2019 – Radiant Logistics, Inc. (NYSE American: RLGT), a third-party logistics and multimodal transportation services company, today reported financial results for the three and six months ended December 31, 2018.

Second Fiscal Quarter Financial Highlights (Quarter Ended December 31, 2018)

  • Revenues increased to a record $260.9 million for the second fiscal quarter ended December 31, 2018, up $54.2 million or 26.2%, compared to revenues of $206.7 million for the comparable prior year period.
  • Net revenues increased to a record $64.0 million for the second fiscal quarter ended December 31, 2018, up $16.6 million or 35.0%, compared to net revenues of $47.4 million for the comparable prior year period.
  • Net income allocable to common stockholders increased to $3.8 million (including a charge of $1.7 million related to the redemption of the Company's preferred stock), or $0.08 per basic and $0.07 per fully diluted share, compared to net income of $3.3 million, or $0.07 per basic and fully diluted share for the comparable prior year period.
  • Adjusted net income allocable to common stockholders, a non-GAAP financial measure, increased to a record $8.2 million, or $0.16 per basic and fully diluted share for the second fiscal quarter ended December 31, 2018, compared to adjusted net income allocable to common stockholders of $3.6 million, or $0.07 per basic and fully diluted share for the comparable prior year period. Adjusted net income allocable to common stockholders is calculated by applying a normalized tax rate of 24.5% for the three months ended December 31, 2018 and 31.0% for the comparable prior year period and excluding other items not considered part of regular operating activities.
  • Adjusted EBITDA increased to a record $12.5 million for the second fiscal quarter ended December 31, 2018, up $5.4 million or 76.1%, compared to adjusted EBITDA of $7.1 million for the comparable prior year period.
  • Adjusted EBITDA margin (expressed as a function of net revenues) increased 440 basis points to a record 19.5% for the second fiscal quarter ended December 31, 2018, compared to Adjusted EBITDA margin of 15.1% for the comparable prior year period.

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About Radiant Logistics, Inc.

Radiant Logistics, Inc. (www.radiantdelivers.com) (NYSE American: RLGT) is a publicly traded third party logistics company providing technology-enabled global transportation and value added logistics solutions primarily to customers based in the United States and Canada. Through its comprehensive service offering, Radiant provides domestic and international freight forwarding along with truck and rail brokerage services to a diversified account base including manufacturers, distributors and retailers which it supports from an extensive network of Radiant and agent-owned offices throughout North America and other key markets around the world. Radiant's value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management and technology services.

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to: trends in the domestic and global economy; our ability to attract new and retain existing agency relationships; acquisitions and integration of acquired entities; availability of capital to support our acquisition strategy; our ability to maintain and improve back office infrastructure and transportation and accounting information systems in a manner sufficient to service our revenues and network of operating locations; the ability of the Wheels operation to maintain and grow its revenues and operating margins in a manner consistent with recent operating results and trends; our ability to maintain positive relationships with our third-party transportation providers, suppliers and customers; outcomes of legal proceedings; competition; management of growth; potential fluctuations in operating results; and government regulation. More information about factors that potentially could affect our financial results is included Radiant Logistics, Inc.'s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.