Key Developments: Radiant Logistics Inc (RLGT.A)
1.96USD
18 Jun 2013
$0.06 (+3.16%)
$1.90
$1.92
$1.96
$1.92
1,527
4,468
$2.28
$0.94
Latest Key Developments (Source: Significant Developments)
Radiant Logistics Inc Issues Q4 2013 Guidance; Revenue Guidance Below Analysts' Estimates; Net Income Guidance Above Analysts' Estimates
Radiant Logistics Inc announced that providing guidance for the fourth quarter of 2013, it expects adjusted EBITDA in the range of $2.6 - $3.1 million on approximately $75.0-$80.0 million in revenues which equates to adjusted net income in the range of $1.3 - $1.6 million, or $0.03 - $0.04 per diluted share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $84 million, net income of $0.7 million, EBITDA of $2.6 million and EPS of $0.02 for the fourth quarter of 2013. Full Article
Radiant Logistics Inc Withdraws FY 2013 Guidance; Issues Q3 2013 Guidance; Earnings Guidance Above Analysts' Estimates
Radiant Logistics Inc announced that the Company is withdrawing its fiscal 2013 guidance. For the third quarter of 2013, it expects adjusted EBITDA in the range of $2.5 - $3.0 million on approximately $80.0 million in revenues which the Company believe better represents the go-forward earnings power of the business and equates to adjusted net income in the range of $1.2 - $1.5 million, or $0.03 - $0.04 per diluted share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $82 million, net income of $0.6 million, EBITDA of $2.4 million and EPS of $0.02 for the third quarter of 2013. Full Article
Radiant Logistics Inc Announces Stock Buy Back Program
Radiant Logistics Inc announced that its board of directors has authorized the repurchase of up to three million shares of the Company's common stock through the end of 2013. As of September 30, 2012, the Company had 33,041,430 shares outstanding. The share repurchase will be funded using the Company's existing cash balance, future free cash flow and its revolving credit facility, which had $13.0 million of additional availability as of October 31, 2012. The share repurchases may occur from time-to-time through open market purchases at prevailing market prices or through privately negotiated transactions. The program allows the Company to repurchase its shares at its discretion. Market conditions, current borrowing restrictions, which allow repurchase up to $1.0 million dollars of stock but may be increased from time to time with the consent of the lenders, price, corporate and regulatory requirements, alternative investment opportunities, and other economic conditions will influence whether and when shares are repurchased. The program does not obligate the Company to repurchase any specific number of shares and, subject to compliance with applicable securities laws and other legal requirements, may be suspended or terminated at any time without prior notice. Full Article
Radiant Logistics Inc Issues FY 2013 Net Income Guidance Below Analysts' Estimates; Lowers FY 2013 EBITDA Guidance; Raises FY 2013 Revenue Guidance
Radiant Logistics Inc announced that for fiscal 2013, it expects $12.0 million, rather than $14.0 million, of adjusted EBITDA on total revenue of $339.0 million and net earnings of $3.5 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $326 million, net income of $5 million and EBITDA of $14 million for fiscal 2013. Full Article
Radiant Logistics, Inc. Acquires New York-JFK Based ALBS Logistics; Updates FY 2012 Guidance; Issues FY 2013 Guidance; Revenue Guidance Above Analysts' Estimates
Radiant Logistics, Inc. announced that it has acquired ALBS Logistics, a New York-JFK based, privately held company that provides a full range of domestic and international transportation and logistics services across North America. The Company paid approximately 50% of the expected purchase price at close with the balance payable in subsequent periods based on the future performance of the acquired operation. Financial terms of the transaction were not disclosed. For fiscal 2012, it expects revenue to be $295 million, net income to be $3.855 million and adjusted EBITDA to be $10.012 million. The Company also announced that with the benefit of the ALBS transaction the Company is providing preliminary guidance for 2013 of approximately $14.0 million in adjusted EBITDA on $330 million in annual revenues, up 33.3% over fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $294 million, net income of $3.84 million and EBITDA of $10.46 million for fiscal 2012; EBITDA of $14.5 million and revenue of $323 million for fiscal 2013. Full Article
Radiant Logistics, Inc. Completes Acquisition of Assets of Isla International in Laredo, Texas
Radiant Logistics, Inc. announced it has completed its acquisition of the assets of Laredo -based Isla International Ltd., a privately-held company that provides a full range of cross-border transportation and logistics services between the United States and Mexico . The transaction was originally announced on November 15, 2011 , and is valued at up to $15.0 consisting of: cash of $7.7 million paid at closing, $1.3 million in company stock payable on the three-month anniversary of the closing and an additional $6.0 million payable over the next four years in a combination of cash and Company common stock based on the future performance of the acquired operation. The Company may, at its sole option, elect to satisfy up to 25% of each of the performance-based payments through the issuance of the Company's common stock and valued based upon a 30-day volume weighted average price to be calculated preceding the delivery of the shares. In connection with the transaction, the Company also concluded its previously announced financing with Caltius Mezzanine who provided $10.0 million in subordinated debt in support of the transaction. Full Article
Radiant Logistics, Inc. Agrees To Acquire Isla International In Laredo, Texas
Radiant Logistics, Inc. announced that it has agreed to acquire the assets of Laredo-based Isla International Ltd., a privately-held company that provides a full range of cross-border transportation and logistics services between the United States and Mexico. The transaction is valued at up to $15.0 million and is expected to close in Radiant's second fiscal quarter ending December 31, 2011, pending the satisfaction of customary closing conditions. The $15.0 million transaction will consist of cash of: $7.7 million to be paid at closing, $1.3 million in company stock payable on the three-month anniversary of the closing and an additional $6.0 million payable over the next four years in a combination of cash and Company common stock based on the future performance of the acquired operation. The Company may, at its sole option, elect to satisfy up to 25% of each of the performance-based payments through the issuance of the Company's common stock and valued based upon a 30 day volume weighted average price to be calculated preceding the delivery of the shares. Additionally, Caltius Mezzanine has agreed in principle to provide $10.0 million in subordinated debt in connection with the closing of transaction, subject to satisfaction of various closing conditions. Full Article
Radiant Logistics, Inc. Raises FY 2012 Earnings Guidance; Reaffirms FY 2012 Revenue Guidance
Radiant Logistics, Inc. raised fiscal 2012 guidance and expects adjusted EBITDA to $9.25 million on the previously projected $285.0 million in annual revenues. The Company expects net income of $3.798 million for fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $286 million for fiscal 2012. Full Article
Earnings vs. 
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