Radiant Logistics, Inc. Reports $20.6 Million Net Income for FY 2023

RADIANT LOGISTICS, INC [RLGT]., a leading provider of logistics and transportation services, announced its financial results for the fiscal year ended June 30, 2023. The company recorded a net income of $20.6 million, reflecting a decrease compared to the previous year. However, the annual revenue reached $1.09 billion, demonstrating the company's resilient performance amidst challenging market conditions.

Financial Performance

Despite the decline in net income, Radiant Logistics, Inc. showcased a strong financial performance with robust revenue growth. The company's annual revenue of $1.09 billion highlighted its ability to navigate through industry headwinds and deliver value-added services to its customers. The increase in revenue was partially driven by the successful integration of recent acquisitions and solid organic growth across its business segments.