Radiant Logistics’ Q2 Revenue Excluding Milton Up 16.2%; Adjusted EBITDA $11.8M
Radiant Logistics reported Q2 revenue of $232.1 million, down 12.2% y/y but up 16.2% excluding $64.8 million from the Milton Project. Adjusted EBITDA was $11.8 million (18.6% margin) and the company repurchased 445,058 shares at $5.97 each for $2.7 million.
1. Q2 Revenue and Gross Profit
Radiant Logistics generated $232.1 million in revenue for the second fiscal quarter, down 12.2% year-over-year due to the absence of $64.8 million from the Milton Project, while gross profit rose 2.3% to $61.0 million (16.0% ex-project).
2. Net Income and Adjusted Results
Net income attributable to the company was $5.3 million, or $0.11 per share, versus $6.5 million in the prior year period, and adjusted net income fell 24.3% to $8.1 million ($0.17 per share) but increased 30.6% excluding Milton-related results.
3. Adjusted EBITDA and Margin
Adjusted EBITDA reached $11.8 million, down 1.7% year-over-year, delivering an 18.6% margin. Excluding $5.9 million of Milton Project EBITDA, the margin jumped from 10.8% in Q2 ’24.
4. Share Repurchase and Strategic Initiatives
The company repurchased 445,058 shares at an average cost of $5.97 for $2.7 million and is advancing its Navegate digital platform alongside AI agent “Ray” to streamline international operations and support organic growth.