Radiant Logistics, Inc. (RLGT) Bundle
A Brief History of Radiant Logistics, Inc. (RLGT)
Foundation and Early Years
Foundation and Early Years
Radiant Logistics, Inc. was founded in 2006. Initially headquartered in Seattle, Washington, the company began as a logistics services provider, focusing on transportation and supply chain solutions.
Acquisitions and Growth
In 2010, Radiant Logistics acquired Roadrunner Transportation Systems, which significantly expanded its operational capabilities. This acquisition marked a notable point in the company's strategy to grow through a series of mergers and acquisitions.
By 2015, Radiant had made multiple acquisitions, including Distribution Services International, Inc. (DSI) and Logistics Services International, Inc. (LSI), contributing to a more diversified service portfolio.
Financial Performance
As of the end of the fiscal year 2022, Radiant Logistics reported total revenues of $200.2 million. The gross profit reached $50.1 million, with a gross margin of approximately 25%.
Stock Performance
Radiant Logistics, Inc. trades on the New York Stock Exchange under the ticker symbol RLGT. As of October 2023, the company’s stock was trading at approximately $4.75 per share, with a market capitalization of about $125 million.
Recent Developments
In July 2023, Radiant Logistics announced the acquisition of Logistics Management Services, enhancing its service offerings in the North American market. The annualized revenue from this acquisition was reported to be around $30 million.
Financial Overview
| Year | Total Revenue (in millions) | Gross Profit (in millions) | Net Income (in millions) | Gross Margin (%) |
|---|---|---|---|---|
| 2018 | $156.4 | $37.5 | $8.6 | 24% |
| 2019 | $172.3 | $40.1 | $11.2 | 23.2% |
| 2020 | $185.1 | $45.2 | $12.3 | 24.4% |
| 2021 | $193.8 | $47.0 | $10.5 | 24.6% |
| 2022 | $200.2 | $50.1 | $15.0 | 25% |
Market Position
Radiant Logistics is recognized as a leader in the logistics sector, specializing in providing a broad range of transportation and logistics solutions, including freight forwarding, warehousing, and third-party logistics (3PL).
- Freight forwarding services
- Third-party logistics (3PL)
- Warehousing and distribution
- Customs brokerage
- Supply chain consulting
Future Outlook
The company aims to continue expanding its market share through strategic acquisitions and investments in technology to enhance operational efficiencies. As of October 2023, Radiant Logistics is expected to maintain a growth trajectory, targeting annual revenues of over $250 million by the end of the fiscal year 2025.
A Who Owns Radiant Logistics, Inc. (RLGT)
Shareholder Structure
As of the latest available data, the ownership of Radiant Logistics, Inc. (RLGT) can be analyzed through its major shareholders.
| Shareholder Type | Percentage Ownership | Number of Shares |
|---|---|---|
| Institutional Investors | 45.1% | 11,000,000 |
| Insider Ownership | 5.4% | 1,300,000 |
| Retail Investors | 49.5% | 12,000,000 |
Top Institutional Shareholders
- BlackRock, Inc.: 9.5% ownership
- The Vanguard Group, Inc.: 8.3% ownership
- Dimensional Fund Advisors LP: 4.2% ownership
- Wells Fargo & Company: 3.1% ownership
- State Street Corporation: 3.0% ownership
Insider Ownership
Insider ownership figures reveal key individuals who are invested in Radiant Logistics:
| Name | Position | Shares Owned |
|---|---|---|
| Benny G. Goss | Chief Executive Officer | 800,000 |
| Robert W. O'Rourke | Chief Financial Officer | 250,000 |
| Other executives | Various | 250,000 |
Recent Financial Performance
In the fiscal year 2022, Radiant Logistics reported the following financial metrics:
- Total Revenue: $300 million
- Net Income: $12 million
- Shareholder Equity: $75 million
- Earnings per Share (EPS): $0.30
Market Capitalization
As of October 2023, the market capitalization of Radiant Logistics stands at approximately:
- $220 million
Stock Performance
Radiant Logistics, Inc. (RLGT) stock performance for the last year is summarized as follows:
| Metric | Value |
|---|---|
| 52-week High | $5.20 |
| 52-week Low | $3.10 |
| Current Price | $4.00 |
Investment Considerations
For potential investors, understanding who owns Radiant Logistics may influence investment decisions:
- Strong Institutional Support
- Engaged Insider Participation
- Sustainable Revenue Growth
Radiant Logistics, Inc. (RLGT) Mission Statement
Company Overview
Radiant Logistics, Inc. (RLGT) is a logistics and transportation services company headquartered in Seattle, Washington. The company operates through its subsidiaries to provide a range of services encompassing freight forwarding, logistics, and supply chain solutions.
Vision and Mission Statement
The mission of Radiant Logistics is to deliver customized logistics solutions that enhance the supply chain processes of its clients and provide value through operational excellence, strategic partnerships, and technological integration.
Core Values
- Integrity: Commitment to ethical practices in all business dealings.
- Innovation: Utilizing advanced technologies and methodologies to improve logistics solutions.
- Collaboration: Working closely with partners and clients to create synergistic relationships.
- Customer Focus: Prioritizing the needs and satisfaction of customers in every service provided.
Market Position
As of the fiscal year ended June 30, 2023, Radiant Logistics reported revenues of approximately $210 million, reflecting a year-over-year increase of 15%. The company operates a network of over 200 locations in North America and has a global reach through its partnerships.
Service Offerings
The company provides a variety of logistics services including:
- Freight forwarding
- Transportation management
- Warehousing and distribution
- Customs brokerage
- Supply chain management
Recent Financial Performance
| Metric | Value (in millions) |
|---|---|
| Revenue | $210 |
| Net Income | $10 |
| EBITDA | $30 |
| Total Assets | $140 |
| Total Liabilities | $70 |
Strategic Initiatives
Radiant Logistics aims to strengthen its market presence through several strategic initiatives such as:
- Expansion into new geographical markets
- Investing in technology for better logistics management
- Enhancing customer engagement through digital platforms
- Acquiring complementary businesses to broaden service capabilities
Key Partnerships
The company collaborates with various logistics and transportation providers to enhance their service offerings and expand their operational capabilities.
Customer Base
Radiant Logistics serves a diverse clientele across multiple industries, including:
- Retail
- Manufacturing
- Aerospace
- Pharmaceuticals
- Food and Beverage
Future Outlook
The logistics industry is expected to grow significantly, with projected compound annual growth rates of approximately 7% to 10% in the coming years. Radiant Logistics is positioned to capture this growth through its strategic initiatives and customer-focused mission.
How Radiant Logistics, Inc. (RLGT) Works
Company Overview
Radiant Logistics, Inc. (RLGT) operates as a logistics and supply chain services provider in the United States and internationally. The company offers a range of services including freight forwarding, transportation management, and logistics solutions tailored to meet client needs. As of fiscal year 2023, Radiant Logistics reported a revenue of approximately $1.1 billion.
Business Model
The company's business model is primarily centered around:
- Providing multimodal logistics services including air, ocean, and ground transportation.
- Offering value-added services such as warehousing, customs brokerage, and supply chain consulting.
- Utilizing a network of relationships with various independent agents and affiliated companies to optimize service offerings.
Financial Performance
In the fiscal year ending June 30, 2023, Radiant Logistics reported the following key financial metrics:
| Metric | Value |
|---|---|
| Total Revenue | $1,100,000,000 |
| Net Income | $18,000,000 |
| Operating Income | $30,500,000 |
| Gross Profit Margin | 15.5% |
| EBITDA | $48,000,000 |
Operational Strategy
Radiant Logistics implements a strategic approach focusing on:
- Leveraging technology for enhanced operational efficiency.
- Expanding its international footprint through strategic acquisitions.
- Maintaining a diversified service portfolio to mitigate market volatility.
Market Position
The company is positioned within the logistics industry as a prominent player, characterized by:
- A strong presence in the North American and global markets.
- A competitive edge through its integration of technology to streamline operations.
- A robust network with over 300 independent agents.
Recent Developments
Recent developments of Radiant Logistics include:
- Acquisition of a logistics company in 2023 for $25 million to enhance service offerings.
- Expansion into Europe, targeting an increase in market share by 10% in 2024.
- Introduction of an AI-driven platform for tracking shipments, projected to increase customer satisfaction by 25%.
Investment Highlights
Key investment highlights for Radiant Logistics include:
- Strong revenue growth trajectory with a CAGR of approximately 12% over the past five years.
- Positive cash flow generation supporting ongoing operational investments.
- Dividend yield of 1.5% as a form of returning value to shareholders.
Challenges and Risks
Radiant Logistics faces several challenges including:
- Fluctuations in fuel prices impacting operational costs.
- Increased competition from both traditional logistics providers and new entrants.
- Regulatory changes affecting international shipping standards.
Conclusion
With an established business model, strong financial performance, and a commitment to leveraging technology, Radiant Logistics, Inc. is well-positioned within the logistics landscape, navigating challenges while capitalizing on growth opportunities.
How Radiant Logistics, Inc. (RLGT) Makes Money
Core Business Segments
Radiant Logistics, Inc. operates through various segments to generate revenue. The primary revenue-generating activities include:
- Logistics Solutions
- Freight Services
- Warehousing and Distribution
Revenue Breakdown
As of the latest fiscal year, Radiant Logistics reported total revenues of approximately $568.9 million. The breakdown of revenues by core business segments is as follows:
| Segment | Revenue (in millions) | Percentage of Total Revenue |
|---|---|---|
| Logistics Solutions | $350.0 | 61.5% |
| Freight Services | $150.0 | 26.4% |
| Warehousing and Distribution | $68.9 | 12.1% |
Gross Profit Margins
Radiant Logistics has demonstrated strong gross profit margins across its services, with an average gross margin of around 18% in recent years:
| Year | Gross Profit (in millions) | Gross Margin (%) |
|---|---|---|
| 2021 | $90.0 | 15.8% |
| 2022 | $100.0 | 16.2% |
| 2023 | $102.0 | 17.9% |
Cost Structure
The cost structure of Radiant Logistics primarily consists of:
- Transportation Costs: Includes freight and shipping costs.
- Operational Expenses: Salaries, rent, utility expenses.
- Technology Investments: Upgrading logistics technology and software systems.
Net Income and Earnings Per Share (EPS)
For the fiscal year ended June 30, 2023, Radiant Logistics posted a net income of $8.5 million and an earnings per share (EPS) of $0.23:
| Year | Net Income (in millions) | EPS |
|---|---|---|
| 2021 | $5.0 | $0.14 |
| 2022 | $7.0 | $0.19 |
| 2023 | $8.5 | $0.23 |
Market Share and Competitive Landscape
As of 2023, Radiant Logistics holds an estimated market share of 1.8% in the logistics sector. Key competitors include:
- XPO Logistics
- J.B. Hunt Transport Services
- Expeditors International
Recent Acquisitions and Growth Strategy
Radiant Logistics has expanded its operations through strategic acquisitions. Recent acquisitions include:
| Acquisition | Year | Estimated Revenue Contribution (in millions) |
|---|---|---|
| Access Worldwide | 2021 | $25.0 |
| Logistics Solutions | 2022 | $40.0 |
| Transport Logistics | 2023 | $20.0 |
Future Projections
Looking ahead, Radiant Logistics anticipates an annual revenue growth rate of approximately 10-15% over the next five years, driven by:
- Expansion into international markets
- Enhancements in technology and automation
- Strengthening its service offerings in e-commerce logistics
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