Radiant Logistics touts enhanced credit facility, eyes larger M&A

Shares of third-party logistics provider Radiant Logistics jumped 12.4% in after-hours trading on Monday following the company’s better-than-expected quarterly report.

Radiant (NYSE: RLGT) reported revenue of $280 million for its fiscal first quarter ended Sept. 30. The result was 23% higher year over year and $34 million ahead of the consensus estimate.

Adjusted net income of $8.6 million, or 18 cents per share, was 9 cents higher y/y and 6 cents better than consensus.

Adjusted EBITDA of $12.2 million was nearly 80% higher y/y, and 18% higher than the prior quarter. The adjusted EBITDA margin improved 630 basis points to 17.7%.

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