Overview

* Radiant Logistics ( RLGT ) Q1 revenue rises 11.3%, beating analyst expectations

* Adjusted EBITDA for Q1 misses analyst estimates

* Company acquired 80% of Mexico-based Weport, expanding its market reach

Outlook

* Radiant Logistics ( RLGT ) expects Navegate platform to drive organic growth in future quarters

* Company plans balanced capital allocation through acquisitions and stock buy-backs

* Radiant Logistics ( RLGT ) anticipates growth in Mexican market following Weport acquisition

Result Drivers

* ACQUISITIONS - Revenue growth driven by acquisition of 80% stake in Mexico-based Weport

* NAVEGATE PLATFORM - Co highlights Navegate platform as a key differentiator for organic growth

* ORGANIC GROWTH - Co sees organic growth opportunities in contract logistics and technology services

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $226.70 $206.64

Revenue mln mln (2

Analysts

)

Q1 Miss $6.80 $9.50

Adjusted mln mln (1

EBITDA Analyst)

Q1 11.40%

Adjusted

EBITDA

Margin

Q1 $59.50

Adjusted mln

Gross

Profit

Q1 Gross $57.10

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy"

* Wall Street's median 12-month price target for Radiant Logistics Inc ( RLGT ) is $8.00, about 23.6% above its November 7 closing price of $6.11

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)