Radiant Logistics, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2023
September 13, 2023 at 04:05 pm
Share
Radiant Logistics, Inc. reported earnings results for the fourth quarter and full year ended June 30, 2023. For the fourth quarter, the company reported sales was USD 232.23 million compared to USD 382.93 million a year ago. Net income was USD 3.14 million compared to USD 16.75 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.34 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.33 a year ago.
For the full year, sales was USD 1,085.49 million compared to USD 1,459.42 million a year ago. Net income was USD 20.6 million compared to USD 44.46 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.9 a year ago. Diluted earnings per share from continuing operations was USD 0.42 compared to USD 0.88 a year ago.
Radiant Logistics, Inc. operates as a third-party logistics company, providing technology-enabled global transportation and value-added logistics services in the United States and Canada. It provides domestic and international freight forwarding along with truck and rail brokerage services to a diversified account base, including manufacturers, distributors and retailers that have agent-owned offices throughout North America and other markets around the world. Its value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management, and technology services. It serves various industries, such as consumer goods, food and beverage, electronics and high-tech, aviation and automotive, military and government, and manufacturing and retail customers. As a third-party logistics provider, its primary business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment and other goods.