A stronger start to fiscal 2027
Radiant Logistics reported November 9 that revenue for the three months ended September 30 reached $279.8 million, up 23.4% from $226.7 million a year earlier. This is its first quarter of fiscal 2027, rather than a calendar-2027 result.
Net income attributable to Radiant rose to $6.1 million from $1.3 million. The company separately reported adjusted EBITDA of $12.2 million, up from $6.8 million; that is a non-GAAP measure and should not be substituted for net income.
What the balance-sheet language means
Radiant said it had no net debt at September 30, with $27.8 million in cash against $25 million outstanding under its revolving credit facility. That description does not mean it had no borrowings.
The $200 million facility was extended on August 7 to mature in August 2031. It is a previously agreed financing change included in the results, rather than a new November 9 agreement.
A subsequent acquisition
The acquisition of Whitacre Logistics’ Dallas operations took effect October 1, after this reporting quarter ended. Part of the purchase price depends on future performance. Readers comparing the figures can consult the issuer’s linked results and non-GAAP reconciliation while keeping that later transaction separate.
