Balance Sheet Radiant Logistics, Inc.

Equities

RLGT

US75025X1000

Air Freight & Logistics

Market Closed - Nyse Other stock markets 21:00:00 12/09/2024 BST			5-day change	1st Jan Change
6.410 ^USD	+1.10%		+3.39%	-3.46%

09-12	Transcript : Radiant Logistics, Inc., Q4 2024 Earnings Call, Sep 12, 2024
09-12	Earnings Flash (RLGT) RADIANT LOGISTICS Posts Q4 EPS $0.14	MT

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Published financial data: RADIANT LOGISTICS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2019	2020	2021	2022	2023
Revenues	891M	855M	889M	1.46B	1.09B
Total Revenues	891M	855M	889M	1.46B	1.09B
Cost of Goods Sold, Total	721M	704M	724M	1.23B	881M
Gross Profit	170M	152M	165M	234M	204M
Selling General & Admin Expenses, Total	131M	115M	118M	156M	154M
Depreciation & Amortization - (IS)	15.21M	16.57M	16.64M	18.72M	22.7M
Other Operating Expenses	-	-	-	-	30K
Other Operating Expenses, Total	146M	132M	135M	175M	177M
Operating Income	23.5M	19.75M	30.33M	59.39M	27.48M
Interest Expense, Total	-3.02M	-2.28M	-3.14M	-1.37M	-2.89M
Interest And Investment Income	50K	59K	18K	23K	1.38M
Net Interest Expenses	-2.97M	-2.23M	-3.12M	-1.35M	-1.51M
Currency Exchange Gains (Loss)	160K	-125K	-189K	718K	755K
Other Non Operating Income (Expenses)	263K	267K	704K	193K	176K
EBT, Excl. Unusual Items	20.95M	17.67M	27.72M	58.95M	26.9M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	11K	-500K	-	-	-
Gain (Loss) On Sale Of Assets	11K	103K	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	1.21M	-1.75M	1.64M	-767K	646K
EBT, Incl. Unusual Items	22.18M	15.52M	29.36M	58.18M	27.55M
Income Tax Expense	4.8M	3.16M	5.9M	12.69M	6.3M
Earnings From Continuing Operations	17.38M	12.36M	23.46M	45.49M	21.24M
Net Income to Company	17.38M	12.36M	23.46M	45.49M	21.24M
Minority Interest	-1.03M	-1.82M	-519K	-1.03M	-646K
Net Income - (IS)	16.35M	10.54M	22.94M	44.46M	20.6M
Preferred Dividend and Other Adjustments	2.62M	-	-	-	-
Net Income to Common Incl Extra Items	13.73M	10.54M	22.94M	44.46M	20.6M
Net Income to Common Excl. Extra Items	13.73M	10.54M	22.94M	44.46M	20.6M
Per Share Items
Net EPS - Basic	0.28	0.21	0.46	0.9	0.43
Basic EPS - Continuing Operations	0.28	0.21	0.46	0.9	0.43
Basic Weighted Average Shares Outstanding	49.5M	49.6M	49.89M	49.57M	48.19M
Net EPS - Diluted	0.27	0.21	0.45	0.88	0.42
Diluted EPS - Continuing Operations	0.27	0.21	0.45	0.88	0.42
Diluted Weighted Average Shares Outstanding	51.08M	51.09M	51.21M	50.74M	49.55M
Normalized Basic EPS	0.24	0.19	0.34	0.72	0.34
Normalized Diluted EPS	0.24	0.18	0.33	0.71	0.33
Payout Ratio	7.97	-	-	-	-
Supplemental Items
EBITDA	38.71M	36.32M	46.97M	78.11M	50.18M
EBITA	33.51M	30.01M	40.45M	70.78M	42.76M
EBIT	23.5M	19.75M	30.33M	59.39M	27.48M
EBITDAR	48.51M	43.34M	54.74M	88.31M	63.99M
Effective Tax Rate - (Ratio)	21.64	20.34	20.08	21.81	22.89
Current Domestic Taxes	4.36M	2.2M	6.58M	10.35M	5.68M
Current Foreign Taxes	1.12M	1.37M	2.7M	4.95M	4.12M
Total Current Taxes	5.47M	3.57M	9.29M	15.3M	9.8M
Deferred Domestic Taxes	-1.57M	-980K	-4.14M	-2.59M	-3.35M
Deferred Foreign Taxes	897K	569K	743K	-10K	-139K
Total Deferred Taxes	-674K	-411K	-3.39M	-2.6M	-3.49M
Normalized Net Income	12.06M	9.22M	16.81M	35.82M	16.17M
Interest on Long-Term Debt	-	170K	137K	101K	70K
Supplemental Operating Expense Items
Selling and Marketing Expenses	103M	85.82M	94.04M	122M	116M
Net Rental Expense, Total	9.8M	7.01M	7.76M	10.2M	13.82M
Imputed Operating Lease Interest Expense	5.68M	2.42M	2.76M	1.17M	3.4M
Imputed Operating Lease Depreciation	4.12M	4.59M	5M	9.03M	10.41M
Stock-Based Comp., COGS (Total)	-	-	1.07M	1.8M	2.5M
Stock-Based Comp., Other (Total)	1.61M	1.66M	-	-	-
Total Stock-Based Compensation	1.61M	1.66M	1.07M	1.8M	2.5M

Fiscal Period: June	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.42M	34.84M	13.7M	24.44M	32.46M
Total Cash And Short Term Investments	5.42M	34.84M	13.7M	24.44M	32.46M
Accounts Receivable, Total	111M	88.15M	145M	248M	133M
Other Receivables	506K	780K	-	-	-
Total Receivables	111M	88.93M	145M	248M	133M
Prepaid Expenses	8.07M	16.82M	17.51M	17.26M	14.6M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	-	-	-	-	606K
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	125M	141M	176M	289M	181M
Gross Property Plant And Equipment	36.21M	53.05M	89.74M	97.76M	120M
Accumulated Depreciation	-16.08M	-21.76M	-26.57M	-31.82M	-38.12M
Net Property Plant And Equipment	20.13M	31.29M	63.17M	65.93M	82.16M
Long-term Investments	-	600K	6K	1.85M	2.23M
Goodwill	65.39M	72.2M	72.58M	88.2M	89.2M
Other Intangibles, Total	55.74M	51.19M	41.4M	48.54M	36.64M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	1.56M	4.17M	3.77M	3.48M	2.93M
Total Assets	268M	300M	357M	497M	394M
Liabilities
Accounts Payable, Total	74.1M	65M	87.94M	138M	84.56M
Accrued Expenses, Total	19.12M	15.67M	20.58M	30.08M	27.1M
Current Portion of Long-Term Debt	4.09M	3.8M	4.45M	4.58M	4.11M
Current Portion of Leases	-	6.81M	7.73M	8.22M	11.89M
Current Income Taxes Payable	-	-	2.71M	4.04M	369K
Other Current Liabilities	1.12M	2.44M	2.94M	2.9M	4.14M
Total Current Liabilities	98.42M	93.72M	126M	188M	132M
Long-Term Debt	32.5M	48.09M	24M	66.72M	-
Long-Term Leases	-	9.67M	36.71M	39M	53.24M
Deferred Tax Liability Non Current	7.84M	7.48M	4.02M	6.48M	2.94M
Other Non Current Liabilities	1.67M	2.91M	4.75M	2.93M	287K
Total Liabilities	140M	162M	196M	303M	189M
Preferred Stock Redeemable	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	31K	32K	32K	33K	33K
Additional Paid In Capital	100M	102M	104M	106M	109M
Retained Earnings	26.88M	37.42M	60.37M	105M	126M
Treasury Stock	-253K	-2.75M	-4.66M	-16M	-27.07M
Comprehensive Income and Other	187K	445K	1.14M	-796K	-2.2M
Total Common Equity	127M	137M	161M	194M	205M
Minority Interest	246K	809K	293K	180K	226K
Total Equity	127M	138M	161M	195M	205M
Total Liabilities And Equity	268M	300M	357M	497M	394M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	48.98M	48.8M	49.21M	47.14M	46.25M
ECS Total Common Shares Outstanding	48.9M	48.8M	49.23M	47.76M	46.25M
Book Value / Share	2.6	2.81	3.27	4.07	4.43
Tangible Book Value	5.9M	13.98M	47.12M	57.63M	79.03M
Tangible Book Value Per Share	0.12	0.29	0.96	1.21	1.71
Total Debt	36.59M	68.37M	72.89M	119M	69.24M
Net Debt	31.17M	33.53M	59.19M	94.07M	36.78M
Debt Equivalent Oper. Leases	78.39M	56.1M	62.1M	81.62M	111M
Minority Interest, Total (Incl. Fin. Div)	246K	809K	293K	180K	226K
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	14.52M	14.78M	21.16M	22.73M	27.47M
Full Time Employees	675	579	656	811	872
Part Time Employees	33	24	29	25	27
Assets under Capital Lease - Gross	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.89M	1.99M	1.49M	2.98M	2.78M

Fiscal Period: June	2019	2020	2021	2022	2023
Net Income	16.35M	10.54M	22.94M	44.46M	20.6M
Depreciation & Amortization - CF	5.2M	6.31M	6.52M	7.33M	7.41M
Amortization of Goodwill and Intangible Assets - (CF)	10.01M	10.26M	10.12M	11.38M	15.29M
Depreciation & Amortization, Total	15.21M	16.57M	16.64M	18.72M	22.7M
Amortization of Deferred Charges, Total - (CF)	226K	305K	522K	500K	510K
(Gain) Loss From Sale Of Asset	-11K	-103K	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	1.61M	1.66M	1.07M	1.8M	2.5M
Provision and Write-off of Bad Debts	184K	102K	-	-	-
Other Operating Activities, Total	-858K	3.66M	-5.2M	1.34M	-2.9M
Change In Accounts Receivable	27.86M	22.03M	-54.89M	-69.82M	114M
Change In Accounts Payable	-12.09M	-9.62M	24.08M	26.43M	-53.91M
Change In Income Taxes	1.6M	-266K	3.58M	-885K	-3.66M
Change in Other Net Operating Assets	-10.27M	-15.01M	5.36M	2.33M	-1.86M
Cash from Operations	39.81M	29.88M	14.1M	24.88M	97.9M
Capital Expenditure	-6.41M	-5.18M	-11.43M	-7.46M	-7.56M
Sale of Property, Plant, and Equipment	474K	182K	358K	186K	103K
Cash Acquisitions	-	-9.15M	-	-38.4M	-3.25M
Sale (Purchase) of Intangible assets	-262K	-	-	-	-
Cash from Investing	-6.2M	-14.14M	-11.07M	-45.68M	-10.71M
Long-Term Debt Issued, Total	-	592M	6.37M	116M	67.5M
Total Debt Issued	-	592M	6.37M	116M	67.5M
Long-Term Debt Repaid, Total	-11.43M	-574M	-26.09M	-73.72M	-135M
Total Debt Repaid	-11.43M	-574M	-26.09M	-73.72M	-135M
Issuance of Common Stock	-	625K	1.45M	651K	343K
Repurchase of Common Stock	-277K	-3.01M	-2.41M	-11.88M	-11.54M
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-20.98M	-	-	-	-
Preferred Dividends Paid	-1.3M	-	-	-	-
Common & Preferred Stock Dividends Paid	-1.3M	-	-	-	-
Other Financing Activities, Total	-1.09M	-3.18M	-3.06M	-2.26M	-1.5M
Cash from Financing	-35.08M	12.29M	-23.75M	28.93M	-80.21M
Foreign Exchange Rate Adjustments	-101K	1.4M	-423K	2.59M	1.02M
Net Change in Cash	-1.57M	29.42M	-21.14M	10.72M	8M
Supplemental Items
Cash Interest Paid	2.8M	2.63M	2.02M	2.64M	2.89M
Cash Income Tax Paid (Refund)	4.37M	3.85M	6.52M	16.52M	13.64M
Levered Free Cash Flow	31.8M	27.06M	-2M	8.38M	91.6M
Unlevered Free Cash Flow	33.46M	28.19M	-556K	8.74M	92.9M
Change In Net Working Capital	-8.62M	-2.78M	25.8M	41.43M	-58.09M
Net Debt Issued / Repaid	-11.43M	17.86M	-19.72M	42.42M	-67.51M

Fiscal Period: June	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.13	4.35	5.77	8.51	3.85
Return on Total Capital	8.53	6.65	8.6	13.56	5.85
Return On Equity %	13.32	9.32	15.66	25.55	10.63
Return on Common Equity	10.54	7.97	15.37	25	10.32
Margin Analysis
Gross Profit Margin %	19.06	17.74	18.61	16.04	18.82
SG&A Margin	14.71	13.49	13.32	10.68	14.2
EBITDA Margin %	4.35	4.25	5.28	5.35	4.62
EBITA Margin %	3.76	3.51	4.55	4.85	3.94
EBIT Margin %	2.64	2.31	3.41	4.07	2.53
Income From Continuing Operations Margin %	1.95	1.45	2.64	3.12	1.96
Net Income Margin %	1.84	1.23	2.58	3.05	1.9
Net Avail. For Common Margin %	1.54	1.23	2.58	3.05	1.9
Normalized Net Income Margin	1.35	1.08	1.89	2.45	1.49
Levered Free Cash Flow Margin	3.57	3.16	-0.22	0.57	8.44
Unlevered Free Cash Flow Margin	3.76	3.3	-0.06	0.6	8.56
Asset Turnover
Asset Turnover	3.11	3.01	2.71	3.35	2.44
Fixed Assets Turnover	46.03	33.26	18.82	22.61	14.66
Receivables Turnover (Average Receivables)	7.17	8.59	7.62	7.12	5.7
Short Term Liquidity
Current Ratio	1.27	1.5	1.4	1.54	1.37
Quick Ratio	1.19	1.32	1.26	1.45	1.25
Operating Cash Flow to Current Liabilities	0.4	0.32	0.11	0.13	0.74
Days Sales Outstanding (Average Receivables)	50.92	42.59	47.88	51.27	63.98
Average Days Payable Outstanding	41.59	36.18	38.57	35.98	46.06
Long Term Solvency
Total Debt/Equity	28.75	49.48	45.16	60.91	33.76
Total Debt / Total Capital	22.33	33.1	31.11	37.85	25.24
LT Debt/Equity	25.53	41.8	37.61	54.34	25.96
Long-Term Debt / Total Capital