Radiant Logistics, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 09, 2024 at 04:06 pm
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Radiant Logistics, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 184.56 million compared to USD 244.17 million a year ago. Net loss was USD 0.703 million compared to net income of USD 4.18 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to diluted earnings per share from continuing operations of USD 0.08 a year ago.
For the nine months, sales was USD 596.44 million compared to USD 853.26 million a year ago. Net income was USD 2.9 million compared to USD 17.45 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.35 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.
RADIANT LOGISTICS, INC. 
