Significant Increase in Adjusted EBITDA
For the third quarter of fiscal year 2025, Radiant Logistics reported $9.4 million in adjusted EBITDA, an increase of $4.2 million or over 80% compared to the same period in the prior year.
Strong Net Income Growth
Net income for the three months ended March 31, 2025, was $2.541 million, compared to a net loss of $703,000 for the same period in 2024, representing an improvement of approximately $3.244 million.
Successful Acquisitions and Diversification
Radiant Logistics made several strategic acquisitions, including Transcon Shipping and conversions of strategic operating partners like USA Logistics and Universal Logistics, contributing to the strong financial performance.
Strong Balance Sheet
Radiant Logistics maintained a strong balance sheet with approximately $19 million cash on hand and only $15 million drawn on its $200 million credit facility.