Q4 2024 Radiant Logistics Inc Earnings Call Transcript
Key Points
- Sequential improvement in financial results for the fourth fiscal quarter compared to the third fiscal quarter.
- Net income increased by over 750%, adjusted net income up 94.4%, and adjusted EBITDA up 75% in the fourth fiscal quarter.
- Generated $31.2 million in adjusted EBITDA and $17.3 million in cash from operations for the fiscal year ended June 30, 2024.
- Strong balance sheet with approximately $25 million of cash on hand and nothing drawn on the $200 million credit facility.
- Completed five tuck-in acquisitions and deployed over $4 million in support of the stock buyback program.
- Year-over-year comparisons remain tough due to difficult freight markets.
- Net income for the 12 months ended June 30, 2024, decreased by approximately $12.9 million or 62.7% compared to the prior year.
- Adjusted net income for the 12 months ended June 30, 2024, decreased by approximately $16.7 million or 42.4% compared to the prior year.
- Adjusted EBITDA for the 12 months ended June 30, 2024, decreased by approximately $24.5 million or 44% compared to the prior year.
- Lack of a significant catalyst to drive substantial growth in the near term, with the company relying on incremental improvements and acquisitions.
This afternoon, Bohn Crain, Radiant Logistics' Founder and CEO and Radiant's Chief Financial Officer, Todd Macomber will provide a general business update and discuss financial results for the company's fourth fiscal quarter and year ended June 30, 2024. Following their comments, we will open the call to questions.
This conference is scheduled for 30 minutes. This conference call may include forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. The company has based these forward-looking statements on its current expectations and projections about future events.
These forward-looking statements are subject to known and unknown risks, uncertainties, and assumptions about the company that may cause the company's actual results or achievements to be materially different from the results or achievements expressed or implied by such forward-looking statements.
While it is impossible to identify all the factors that may cause the company's actual results or achievements to differ materially from those set forth in our
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
