Radiant Logistics increases quarterly revenue 18.5% and net income 53%
Radiant Logistics ($RLGT) reported fiscal fourth-quarter revenue of $261.4 million, an increase of 18.5%. Net income rose 53.1% to $7.5 million, while adjusted EBITDA increased 31.6% to $10.4 million. Diluted earnings reached $0.15 per share, up from $0.10. Growth in US forwarding and international airfreight helped support the stronger result. The company ended the year with approximately $25.6 million in cash and $25 million drawn on its revolving facility, leaving it with essentially no net d
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