Radiant Logistics (RLGT) Tops Q3 EPS by 3c, Beat on Revenues

Radiant Logistics (NYSE: RLGT) reported Q3 EPS of $0.07, $0.03 better than the analyst estimate of $0.04. Revenue for the quarter came in at $181.8 million versus the consensus estimate of $177.16 million.

Third Fiscal Quarter Financial Highlights (Quarter Ended March 31, 2017)

• Revenues were $181.8 million, up $3.5 million or 2.0% compared to revenues of $178.3 million for the comparable prior year period.
• Net revenues were $45.7 million, up $3.9 million or 9.3% compared to net revenues of $41.8 million for the comparable prior year period.
• Net income attributable to common stockholders was $0.4 million, or $0.01 per basic and fully diluted share for the third fiscal quarter ended March 31, 2017, compared to a net loss of $2.2 million, or $0.05 per basic and fully diluted share for the comparable prior year period.
• Adjusted net income attributable to common stockholders was $3.4 million, or $0.07 per basic and fully diluted share for the third fiscal quarter ended March 31, 2017, compared to adjusted net income of $1.8 million, or $0.04 per basic and fully diluted share for the comparable prior year period. Periods are calculated by applying a normalized tax rate of 36% and excluding other items not considered part of regular operating activities.
• Adjusted EBITDA increased 39.5% to $6.5 million for the third fiscal quarter ended March 31, 2017, compared to adjusted EBITDA of $4.7 million for the comparable prior year period. Normalizing these results to exclude non-recurring transition costs associated with the interim operation of Service by Air\'s back-office operations, adjusted EBITDA would have been $6.9 million for the third fiscal quarter ended March 31, 2017 compared to $5.2 million for the comparable prior year period.

For earnings history and earnings-related data on Radiant Logistics (RLGT) click here.

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