Radiant Logistics Q1 revenue rises 23% year over year on US operations
RLGT•Radiant Logistics reported fiscal first-quarter revenue of $279.8 million, up 23% year over year, and adjusted EBITDA of $12.2 million. It extended and enhanced its $200 million credit facility and ended the quarter with no net debt.
1. Quarterly results
Radiant Logistics said fiscal first-quarter revenue rose 23% year over year to $279.8 million, while adjusted EPS increased year over year. Adjusted EBITDA was $12.2 million, with an adjusted EBITDA margin of 17.7%.
2. Operations and outlook
The company attributed growth to US operations, including strength in international airfreight, intermodal and over-the-road brokerage services. It said tightening capacity and higher contract rates supported domestic and brokerage operations, while operating leverage, lower selling, general and administrative expenses, and the absence of a prior credit loss contributed to margin expansion. Radiant expects a domestic freight market recovery if current capacity trends persist and said tariff actions could boost demand for customs brokerage and Canadian forwarding; elevated fuel prices and rerouting are adding cost pressure in air and ocean markets.
3. Credit facility
Radiant extended and enhanced its $200 million credit facility and ended the quarter with no net debt.
