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Radiant Logistics (RLGT)
:RLGT
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Radiant Logistics
(NYSE MKT:RLGT)
66Neutral
Positive Factors
Earnings
RLGT rounded the calendar year end with a strong EBITDA beat, driven primarily by project work, inorganic growth, and pull forward.
Financial Performance
EBITDA margin of 16.4% beat the estimate by approximately 200 basis points, driving the quarter's performance.
Negative Factors
Market Environment
The freight environment remains consistently challenged, with anticipated moderation of current tailwinds as the fiscal year progresses.
Revenue
Consolidated revenue of $204 million notably missed the estimate and declined sequentially, suggesting pressured organic revenues.
Radiant Logistics (RLGT) vs. S&P 500 (SPY)
Market Cap
$272.65M
Dividend YieldN/A
Average Volume (3M)219.22K
Price to Earnings (P/E)20.4
Beta (1Y)1.10
Revenue Growth-3.33%
EPS Growth29.48%
CountryUS
Employees909
SectorIndustrials
Sector Strength79
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)0.13
Shares Outstanding47,008,522
10 Day Avg. Volume319,171
30 Day Avg. Volume219,219
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.34
Price to Cash Flow (P/CF)4.60
P/FCF Ratio4.60
Enterprise Value/Market Cap1.38
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit2.68
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$9.50Price Target Upside55.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Radiant Logistics Business Overview & Revenue Model
Company DescriptionRadiant Logistics, Inc., a third-party logistics company, provides multi-modal transportation and logistics services primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services. It also provides other value-added supply chain services, including materials management and distribution services, as well as customs house brokerage services. The company serves consumer goods, food and beverage, manufacturing, and retail customers through a network of company-owned and strategic operating partner locations under the Radiant, Radiant Canada, Clipper, Airgroup, Adcom, DBA, and Service By Air brands. Radiant Logistics, Inc. was incorporated in 2001 and is headquartered in Renton, Washington.
How the Company Makes MoneyRadiant Logistics generates revenue primarily through its diverse logistics and transportation service offerings. The company operates under a non-asset-based business model, leveraging a network of independent carriers and logistics partners to provide cost-effective and flexible transportation solutions. Key revenue streams include freight forwarding services, where Radiant acts as an intermediary between shippers and carriers for both domestic and international shipments, and supply chain management services, which involve managing and optimizing clients' logistics operations. Additionally, the company benefits from strategic partnerships and alliances within the logistics industry, enhancing its service capabilities and expanding its market reach. Radiant's ability to offer tailored logistics solutions and maintain strong relationships with a broad carrier base is critical to its revenue generation and competitive positioning in the logistics sector.
Radiant Logistics Financial Statement Overview
Summary
Radiant Logistics demonstrates strengths in cash flow management and a solid balance sheet with manageable leverage. However, the declining revenue trend and modest profitability margins indicate challenges in maintaining growth and improving operational efficiency. The company appears stable but may need strategic initiatives to enhance profitability and sustain revenue growth.Income Statement
The income statement shows a declining revenue trend with a significant drop from 2022 to the TTM (Trailing-Twelve-Months) period. Gross profit margin is relatively strong at 42.88% for TTM, indicating efficient cost management. However, the net profit margin is modest at 1.62% for TTM, highlighting pressure on overall profitability. The EBIT and EBITDA margins are also low, suggesting limited operational efficiency improvements.65
Positive
Balance Sheet
The balance sheet reflects a stable equity position with an equity ratio of 55.45% in TTM, suggesting a strong asset base relative to liabilities. The debt-to-equity ratio is relatively conservative at 0.31, indicating manageable leverage levels. However, return on equity is low at 6.49% in TTM, indicating limited returns for shareholders.72
Positive
Cash Flow
The cash flow statement illustrates strong cash generation capabilities, with a significant increase in free cash flow in TTM. The free cash flow to net income ratio is healthy, and operating cash flow is robust, reflecting efficient cash operations. However, fluctuations in capital expenditures and financing cash flows suggest some variability in cash management strategies.78
Positive
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 802.47M | 1.09B | 1.46B | 889.12M | 855.20M | Gross Profit |
| 140.22M | 181.63M | 215.33M | 148.81M | 134.62M | EBIT |
| 9.30M | 28.12M | 40.89M | 14.41M | 3.11M | EBITDA |
| 28.87M | 50.17M | 78.11M | 47.20M | 36.33M | Net Income Common Stockholders |
| 7.68M | 20.59M | 44.46M | 23.11M | 10.54M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 24.87M | 32.46M | 24.44M | 13.70M | 34.84M | Total Assets |
| 371.19M | 393.74M | 497.35M | 357.24M | 300.04M | Total Debt |
| 57.98M | 69.24M | 118.51M | 72.89M | 68.37M | Net Debt |
| 33.10M | 36.78M | 94.07M | 59.19M | 33.53M | Total Liabilities |
| 161.68M | 188.65M | 302.79M | 195.84M | 161.87M | Stockholders Equity |
| 209.36M | 204.87M | 194.38M | 161.11M | 137.37M |
| Cash Flow | Free Cash Flow | |||
| 8.66M | 90.33M | 17.41M | 2.67M | 24.70M | Operating Cash Flow |
| 17.25M | 97.89M | 24.88M | 14.10M | 29.88M | Investing Cash Flow |
| -15.16M | -10.71M | -45.68M | -11.07M | -14.14M | Financing Cash Flow |
| -10.18M | -80.21M | 28.93M | -23.75M | 12.29M |
Radiant Logistics Technical Analysis
Neutral
6.11
Price Trends
6.21
Negative
6.57
Negative
6.55
Negative
Market Momentum
-0.06
Negative
54.57
Neutral
64.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RLGT, the sentiment is Neutral. The current price of 6.11 is above the 20-day moving average (MA) of 5.84, below the 50-day MA of 6.21, and below the 200-day MA of 6.55, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 54.57 is Neutral, neither overbought nor oversold. The STOCH value of 64.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RLGT.
Radiant Logistics Risk Analysis
Radiant Logistics disclosed 50 risk factors in its most recent earnings report. Radiant Logistics reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Radiant Logistics Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $15.51B | 19.70 | 35.12% | 1.30% | 13.98% | 14.29% | |
70 Outperform | $10.74B | 23.54 | 32.11% | 2.72% | -0.22% | 65.52% | |
66 Neutral | $272.65M | 20.36 | 6.61% | ― | -3.33% | 29.48% | |
64 Neutral | $13.29B | 23.92 | 13.97% | 1.29% | -3.82% | -12.80% | |
64 Neutral | $4.28B | 11.80 | 5.33% | 250.46% | 4.10% | -9.26% | |
63 Neutral | $2.01B | 19.32 | 6.34% | 1.52% | -6.10% | -34.78% | |
45 Neutral | $538.85M | ― | -167.82% | 0.86% | 56.49% | -7872.87% |
* Industrials Sector Average
Performance Comparison
RLGT
Radiant Logistics
6.11
1.01
19.80%
CHRW
CH Robinson
90.83
14.04
18.28%
EXPD
Expeditors International
112.59
-1.66
-1.45%
FWRD
Forward Air
17.72
-3.04
-14.64%
HUBG
Hub Group
32.88
-9.56
-22.53%
JBHT
JB Hunt
133.57
-31.32
-18.99%
Radiant Logistics Earnings Call Summary
Earnings Call Date:Feb 10, 2025
(Q2-2025)
| % Change Since: -13.33%|
Next Earnings Date:May 08, 2025
Earnings Call Sentiment Positive
Radiant Logistics demonstrated strong financial performance with substantial growth in net income and adjusted EBITDA. The company made strategic acquisitions to enhance its market presence and maintains a robust financial position. However, it faces challenges from market headwinds and tariffs, which could impact near-term results. Despite these challenges, the company's overall outlook remains optimistic.Q2-2025 Updates
Positive Updates
Significant Increase in Adjusted EBITDA
Radiant Logistics reported $12 million in adjusted EBITDA for the second fiscal quarter, an increase of approximately 55.9% compared to $7.708 million in the same quarter of the previous year.
Record Net Income Growth
The company reported net income of $6.467 million, representing a 556.5% increase from the $985,000 reported for the same period in the previous year.
Strategic Acquisitions
Radiant Logistics acquired Texas-based Foundation Logistics, Michigan-based Focus Logistics, and TCB Transportation in St. Louis, Missouri, enhancing its service offering and market presence.
Strong Financial Position
Radiant Logistics maintains a strong balance sheet with $20 million in cash, no significant debt, and an untapped $200 million credit facility.
Negative Updates
Market Headwinds and Tariff Challenges
The company anticipates challenges due to market headwinds and recently introduced tariffs with China, Mexico, and Canada, potentially impacting near-term results.
Slowest Seasonal Quarter Ahead
The upcoming quarter ending March 31 is expected to be the slowest seasonal quarter, which could affect the company's financial performance.
Company Guidance
In the recent financial call, Radiant Logistics provided guidance for the second fiscal quarter ended December 31, 2024, highlighting several key metrics. The company reported a net income attributable to Radiant Logistics of $6.467 million on revenues of $264.5 million, marking a significant increase of approximately $5.482 million or 556.5% compared to the previous year. Adjusted net income for the quarter was $10.695 million, a 94.6% increase from the prior year, while adjusted EBITDA reached $12.016 million, representing a 55.9% rise. For the six-month period, net income stood at $9.843 million on revenues of $468.1 million, a 172.9% growth from the previous year. The company maintained a strong balance sheet with $20 million in cash and no significant debt, alongside an available $200 million credit facility. Despite these positive results, driven in part by projects like chartering flights for IV fluid imports due to hurricane-induced shortages, the company anticipates challenges ahead due to market headwinds and recent tariffs. Radiant Logistics continues to focus on strategic acquisitions and organic growth, evidenced by recent acquisitions such as Foundation Logistics and TCB Transportation, aiming to deliver long-term value to shareholders and partners.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.