Radiant Logistics Q4 Earnings Call Highlights

Fourth-quarter results improved significantly: Revenue rose 18.5% to $261.4 million, net income increased to $7.5 million, and adjusted EBITDA climbed 31.6% to $10.4 million. Adjusted EBITDA margin expanded by 240 basis points year over year. Freight-market conditions showed signs of recovery: Growth was led by U.S. forwarding, domestic services and international air freight, while higher spot rates and tender rejections indicated improving truck brokerage and intermodal markets. Radiant expects these trends to continue into the September quarter, although no formal outlook was provided. Radiant entered fiscal 2027 with greater financial flexibility: An amended $200 million credit facility extends through 2031, adds $100 million of acquisition capacity and improves pricing terms; the company reported no net debt. Management plans to pursue disciplined acquisitions, agent-station conversions and potentially share repurchases. Radiant Logistics NYSEAMERICAN: RLGT reported higher fourth-quarter revenue, profit and adjusted EBITDA for the fiscal quarter ended June 30, 2026, as its U.S. forwarding operations, domestic services and international air freight business contributed to growth. Net income attributable to Radiant was $7.5 million, or $0.16 per basic share and $0.15 per diluted share, compared with $4.9 million, or $0.10 per share, in the prior-year quarter. Revenue rose 18.5% to $261.4 million. Adjusted net income increased 34.5% to $7.4 million, while adjusted EBITDA climbed 31.6% to $10.4 million. Founder and Chief Executive Officer Bohn Crain said adjusted gross profit rose 10.6% and adjusted EBITDA margin expanded 240 basis points from the comparable quarter a year earlier. For the full fiscal year, Radiant reported revenue of $934.4 million, up from $902.7 million in fiscal 2025. Net income attributable to the company increased 8.7% to $18.8 million, or $0.40 per basic share and $0.39 per diluted share, compared with $17.3 million, or $0.37 per basic share and $0.35 per diluted share, a year earlier. However, adjusted results declined for the year. Adjusted net income fell 18.4% to $25.3 million, while adjusted EBITDA decreased 5.4% to $36.7 million from $38.8 million in fiscal 2025. Chief Financial Officer Todd Macomber said fourth-quarter organic growth was approximately 8%. He said market conditions improved during the latter part of the quarter and that the company entered its fiscal first quarter with a stronger trend than it had seen previously, though he did not provide a specific outlook. Crain said the fourth-quarter gains were driven principally by U.S. forwarding, with contributions from domestic and international offerings. He pointed to improving conditions in truck brokerage and intermodal freight, where carrier attrition, tighter driver availability and higher fuel prices have affected capacity. According to Crain, spot rates, tender rejections and other cyclical market indicators moved higher in the spring and continued into the June quarter. He said the developments were not fully reflected in the fourth-quarter financial results because the market shift began in late May and early June. “We really, in my mind, kind of only have one month of the good news of what’s happening at Radiant Road & Rail in our fiscal year-end results,” Crain said. He added that the company expects the trends to continue into the September quarter and potentially beyond, depending on market conditions. Crain said fuel costs generally are passed through to customers, although there may be modest timing lags between changes in fuel prices and customer pricing. Du...