Posts quarterly results with Adjusted EBITDA of $3.1 Million - Up $0.6 Million and 23.5%; Margin Expansion with Adjusted EBITDA as a Percentage of Net Revenues Up 200 bps at 13.3%
BELLEVUE, WA November 13, 2013 - Radiant Logistics, Inc. (NYSE MKT: RLGT), a domestic and international logistics services company, today reported financial results for the three months ended September 30, 2013.
First Fiscal Quarter Financial Highlights (Quarter Ended September 30, 2013)
Net income attributable to common shareholders increased 171.0% to $1.1 million on $76.7 million of revenues, or $0.03 per basic and diluted share, for the first fiscal quarter of 2014, compared to net income of $0.4 million on $79.1 million of revenues, or $0.01 per basic and diluted share, for the comparable prior year period.
Adjusted EBITDA increased 23.5% to $3,096,000 for the first fiscal quarter of 2014, compared to adjusted EBITDA of $2,506,000 in the comparable prior year period.
Adjusted EBITDA margin (expressed as a function of net revenues) increased 200 basis points to 13.3% for the first fiscal quarter of 2014, compared to Adjusted EBITDA margin of 11.3% in the comparable prior year period.
The Company reduced its cost of debt, using expanded BofA facility to pay down $2.0 million of $10.0 million in sub debt effectively refinancing $2.0 million at a rate of approximately 4% rather than 13.5%.
Radiant Logistics, Inc. operates as a third-party logistics company, providing technology-enabled global transportation and value-added logistics services in the United States and Canada. It provides domestic and international freight forwarding along with truck and rail brokerage services to a diversified account base, including manufacturers, distributors and retailers that have agent-owned offices throughout North America and other markets around the world. Its value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management, and technology services. It serves various industries, such as consumer goods, food and beverage, electronics and high-tech, aviation and automotive, military and government, and manufacturing and retail customers. As a third-party logistics provider, its primary business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment and other goods.
RADIANT LOGISTICS, INC. 
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