Radiant Logistics reports Q3 adjusted EPS 8c, consensus 8c

Reports Q3 revenue $184.6M, consensus $200.03M. CEO Bohn Crain commented, “Our results for the quarter ended March 31, 2024 continue to reflect the difficult freight markets being experienced by the entire industry as well as our operations. This extended period of weak freight demand combined with excess capacity continues to negatively impact not only our current results, but also the year-over-year comparison to our record results for prior year period. With that said, we saw a very difficult January and then steady improvement throughout the quarter and we expect to report sequential quarterly improvement moving forward as markets find their way to more sustainable and normalized levels.”