Radiant Logistics Q2 revenue falls

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

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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