Radiant Logistics Announces Results For The Fourth Fiscal Quarter And Year Ended June 30, 2019
Reports record annual results with revenues of $890.5 Million, up $48.1 million or 5.7%; Net revenues of $230.1 million, up $30.0 million or 15.0%; and Adjusted EBITDA of $40.8 million, up $11.6 million or 39.7%
Fiscal Year Financial Highlights (Year Ended June 30, 2019)
- Revenues increased to a record $890.5 million for the fiscal year ended June 30, 2019, up $48.1 million or 5.7%, compared to revenues of $842.4 million for the comparable prior year period.
- Net revenues increased to a record $230.1 million for the fiscal year ended June 30, 2019, up $30.0 million or 15.0%, compared to net revenues of $200.1 million for the comparable prior year period.
- Net income attributable to common stockholders increased to $13.7 million, or $0.28 per basic and $0.27 per fully diluted share, compared to net income attributable to common stockholders of $8.1 million, or $0.17 per basic and $0.16 per fully diluted share for the comparable prior year period.
- Adjusted net income attributable to common stockholders, a non-GAAP financial measure, increased to a record $26.6 million, or $0.54 per basic and $0.52 per fully diluted share for the fiscal year ended June 30, 2019, compared to adjusted net income attributable to common stockholders of $14.8 million, or $0.30 per basic and $0.29 per fully diluted share for the comparable prior year period. Adjusted net income attributable to common stockholders is calculated by applying a normalized tax rate of 24.5% for the year ended June 30, 2019 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 $40.8 million for the fiscal year ended June 30, 2019, up $11.6 million or 39.7%, compared to adjusted EBITDA of $29.2 million for the comparable prior year period.
- Adjusted EBITDA margin (expressed as a function of net revenues) increased 310 basis points to a record 17.7% for the fiscal year ended June 30, 2019, compared to Adjusted EBITDA margin of 14.6% for the comparable prior year period.
About Radiant Logistics, Inc.
Radiant Logistics, Inc. (www.radiantdelivers.com) is a comprehensive North American provider of third-party logistics and multimodal transportation services. Through its comprehensive service offering, Radiant provides domestic and international freight forwarding services, truck and rail brokerage services and other value-added supply chain management services, including customs brokerage, order fulfillment, inventory management and warehousing to a diversified account base including manufacturers, distributors and retailers using a network of independent carriers and international agents positioned strategically around the world.