Radiant Logistics Weathered The Storm Well In Q1 FY24

Gold Panda
7.29K Followers

Summary

  • The freight market in the USA remains challenging, but Radiant Logistics' adjusted EBITDA for Q1 FY24 was unchanged thanks to an improvement in margins.
  • RLGT's net cash position grew by $4.8 million, and this means it can continue growing through M&A even in a tough macroeconomic environment.
  • I’m optimistic that adjusted EBITDA could be back to around $15 million by the end of FY24.

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Introduction

I've been following US logistics company Radiant Logistics (NYSE:RLGT) closely and I've written 5 articles about it on SA to date. The latest of them was in September when I said that the company looked cheap

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This article was written by

7.29K Followers
Gold Panda has been working as an M&A analyst for over a decade. He's been investing since 2007. Preferring value to growth, he tends to take a relatively conservative approach in his investing. His focus is on small and micro-cap stocks, which he believes is the area that offers the greatest opportunity to exploit market mispricings.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am not a financial adviser. All articles are my opinion - they are not suggestions to buy or sell any securities. Perform your own due diligence and consult a financial professional before trading.

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