LONDON, UK / ACCESSWIRE / October 2, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Radiant Logistics, Inc. (NYSE: RLGT) ("Radiant"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=RLGT, following the Company's release of its fourth quarter and fiscal 2017 financial results on September 12, 2017. The transportation and logistics services Company set new records across several key financial metrics, including net revenues, adjusted net income, adjusted net income per share, earnings before interest, tax, depreciation, and amortization (EBITDA), and adjusted EBITDA. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Earnings Reviewed

For the three months ended June 30, 2017, Radiant recorded revenues of $201.8 million compared to revenue of $182.5 million in Q4 FY16.

For fiscal 2017, Radiant recorded revenues of $777.6 million, down 0.6% compared to revenues of $782.6 million for FY16. The Company posted record net revenues of $194.6 million for the fiscal year, up 4.2% compared to net revenues of $186.7 million for the prior year's comparable period.

Radiant reported net loss attributable to common stockholders of $1.0 million, or $0.02 per basic and fully diluted share, for Q4 FY17 compared to a net loss attributable to common stockholders of $0.6 million, or $0.01 per basic and fully diluted share, for Q4 FY16. The Company reported adjusted net income attributable to common stockholders of $3.4 million, or $0.07 per diluted share, versus net income attributable to common stockholders of $2.8 million, or $0.06 per diluted share, for the year-ago corresponding period. Radiant's earnings beat Wall Street's expectations of $0.03 per share.

For FY17, Radiant's net income attributable to common stockholders was $2.8 million, or $0.06 per basic and fully diluted share, compared to a net loss of $5.6 million, or $0.11 per basic and fully diluted share, for FY16. The Company posted record adjusted net income of $15.8 million, or $0.32 per diluted, compared to adjusted net income of $11.8 million, or $0.24 per basic, for the prior year's comparable period.

During Q4 FY17, Radiant posted adjusted EBITDA of $6.9 million compared to $5.4 million for Q4 FY16. Normalizing these results to exclude non-recurring transition costs associated with the interim operation of Service by Air's back-office operations, the Company's adjusted EBITDA would have been $7.2 million for the reported quarter versus $5.9 million for the year-earlier same period.

For FY17, Radiant posted record adjusted EBITDA of $29.6 million, up 21.3% compared to adjusted EBITDA of $24.4 million for FY16.

Acquisition Update

On April 01, 2017, Radiant acquired Lomas Logistics ("Lomas"), a division of L.V. Lomas Limited ("L.V. Lomas"), through its wholly-owned subsidiary, Wheels International Inc.'s Lomas is expected to transition to the Wheels brand and operates as a third-party logistics provider serving companies across a diverse range of industries including consumer goods, healthcare, food, and technology and operates from locations in Ontario and British Columbia, Canada.

Based on unaudited and pro-forma historic financial statements provided by L.V. Lomas, Lomas generated approximately CAD$1.3 million in net income before tax and CAD$2.3 million in normalized EBITDA on approximately CAD$17.3 million in revenues for the calendar year 2016.

On June 01, 2017, Radiant announced that it acquired the assets and operations of its strategic operating partner Dedicated Logistics Technologies Inc. ("DLT") through its wholly-owned subsidiary, Radiant Global Logistics, Inc. DLT is expected to transition to the Radiant brand and will combine with the existing company-owned operation in Newark, New Jersey, while maintaining separate facilities in Los Angeles, California.

Financing Update

On June 14, 2017, Radiant announced that it entered into a USD$75.0 million revolving credit facility with Bank of America, N.A. and Bank of Montreal, pursuant to a Second Amendment and Restated Loan and Security Agreement. The Senior Credit Facility increases the maximum borrowing and provides us with lower interest costs, less restrictive financial and operational covenants, and includes a $50.0 million accordion feature to support future acquisition opportunities. Borrowings are available to fund future acquisitions, capital expenditures, or for other corporate purposes, including, if warranted at the time, the repurchase of the Company's common stock and/or redemption of the Company's $21.0 million redeemable perpetual preferred stock, which is redeemable at the Company's option, beginning in December 2018.

In connection with the acquisition of Lomas, the Company obtained a CAD$10.0 million senior secured Canadian term loan from Integrated Private Debt Fund V L.P. The loan matures in June 2024 and accrues interest at a rate of 6.65% per annum.

Stock Performance

On Friday, September 29, 2017, the stock closed the trading session at $5.31, rising 2.91% from its previous closing price of $5.16. A total volume of 245.50 thousand shares have exchanged hands, which was higher than the 3-month average volume of 179.32 thousand shares. Radiant Logistics' stock price skyrocketed 6.20% in the last one month, 6.20% in the past six months, and 93.09% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 36.15%. The stock is trading at a PE ratio of 94.82 and currently has a market cap of $253.29 million.

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