Radiant Logistics, Inc. Reports Earnings Results for the First Quarter Ended September 30, 2023
November 10, 2023 at 03:26 am IST
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Radiant Logistics, Inc. reported earnings results for the first quarter ended September 30, 2023. For the first quarter, the company reported sales was USD 210.8 million compared to USD 330.97 million a year ago. Net income was USD 2.62 million compared to USD 8.43 million a year ago.
Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.17 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to USD 0.17 a year ago.
Radiant Logistics, Inc. operates as a third-party logistics company, providing technology-enabled global transportation and value-added logistics services in the United States and Canada. It provides domestic and international freight forwarding along with truck and rail brokerage services to a diversified account base, including manufacturers, distributors and retailers that have agent-owned offices throughout North America and other markets around the world. Its value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management, and technology services. It serves various industries, such as consumer goods, food and beverage, electronics and high-tech, aviation and automotive, military and government, and manufacturing and retail customers. As a third-party logistics provider, its primary business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment and other goods.