Radiant Logistics reported adjusted net income of $5.3 million, or 11 cents per share, in its fiscal third quarter ended Mar. 31, beating consensus estimates.
The company's revenue of $214 million was in line with expectations and the prior-year quarter, but the adjusted EBITDA margin fell 240 basis points to 13.8% compared to the same period last year.
Radiant's proprietary global trade management platform, Navegate, continues to gain traction with shippers by aggregating and organizing supply chain data for better routing and capacity purchasing options.
The company ended the quarter with $40 million in cash, exceeding debt, finance lease obligations, and contingent earnout liabilities linked to prior acquisitions.
Radiant will continue to use a $200 million credit facility to buy back stock, fund acquisitions, and convert third-party agent stations into company-owned operations.
Shares of RLGT were up 3.9% in after-hours trading on Monday following the announcement.
The global trade landscape is considerably more challenging due to ongoing tariff uncertainty and shipment rerouting away from the Strait of Hormuz, creating opportunities for freight forwarders.
Radiant's strength in domestic truckload and intermodal offerings has helped mitigate some of the challenges posed by global trade uncertainty.
As the industry navigates new trade routes, customs regimes, and compliance requirements, experienced partners with technology-enabled solutions will be in high demand.
The complexity of navigating new trade routes, customs regimes, and compliance requirements increases the premium on experienced, technology-enabled partners.
