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Radiant Logistics Q1 revenue rises 23% year over year on US operations

By Reuters News


Overview

  • US logistics services provider's fiscal Q1 revenue rose 23% yr/yr

  • Adjusted EPS for fiscal Q1 rose yr/yr

  • Company extended and enhanced $200 mln credit facility, ending quarter with no net debt


Outlook

  • Company expects domestic freight market recovery if current capacity trends persist

  • Company expects cross-border tariff actions to boost demand for customs brokerage and Canadian forwarding

  • Company says elevated fuel prices and rerouting add cost pressure to air and ocean markets


Result Drivers

  • US OPERATIONS - Co said growth was driven by US operations, with strength in international airfreight, intermodal and over-the-road brokerage services

  • OPERATING LEVERAGE - Co attributed margin expansion to operating leverage, lower SG&A, and absence of prior credit loss

  • MARKET CONDITIONS - Co said tightening capacity and higher contract rates in North American freight markets supported domestic and brokerage operations


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

Beat

$279.8 mln

$232.85 mln (2 Analysts)

Q1 Adjusted EBITDA

Beat

$12.2 mln

$9.66 mln (2 Analysts)

Q1 Adjusted EBITDA Margin

17.7%

Q1 Adjusted Gross Profit

$68.6 mln

Q1 Gross Profit

$66.3 mln


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 $11.00, about 23.7% above its November 6 closing price of $8.89

  • The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago


Reuters Recommended Reads

  • Nov 9 - Danish freight forwarder NTG's prelim Q3 revenue rises on higher rates, activity

  • Nov 9 - Logistics group CTP reaches $500 million deal to expand in Vietnam as clients seek China alternative

  • Nov 9 - China extends US trade truce by two months


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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