RADIANT LOGISTICS, INC. (NYSEMKT:RLGT) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
On May 10, 2017, Radiant Logistics, Inc. (the Company) issued a
press release announcing its financial results for the three
months ended March 31, 2017. A copy of the press release is
furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The attached press release and transcript contain information
that includes the following Non-GAAP financial measures as
defined in Regulation G adopted by the Securities and Exchange
Commission: Adjusted Net Income, EBITDA, Adjusted EBITDA and
Normalized Adjusted EBITDA. The Companys management believes that
presenting such Non-GAAP financial measures provides useful
information to investors regarding the underlying business trends
and performance of the Companys ongoing operations. These
Non-GAAP financial measures are used in addition to and in
conjunction with results presented in accordance with GAAP and
should not be relied upon to the exclusion of GAAP financial
measures. Management strongly encourages investors to review the
Companys consolidated financial statements in their entirety and
to not rely on any single financial measure. A table providing a
reconciliation of Non-GAAP financial measures to the most
directly comparable GAAP financial measures is included within
the press release furnished as Exhibit 99.1 to this Current
Report on Form 8-K.
The information in this Item 2.02 of this Current Report,
including Exhibit 99.1, is being furnished and shall not be
deemed filed for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the Exchange Act), or otherwise
subject to the liabilities of that Section. The information in
this Item 2.02 of this Current Report shall not be incorporated
by reference into any registration statement or other document to
the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01 Financial Statements and Exhibits
(d) |
Exhibits. |
No. |
Description |
99.1 |
Press Release, dated May 10, 2017 announcing financial |
About RADIANT LOGISTICS, INC. (NYSEMKT:RLGT)
Radiant Logistics, Inc. operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services. The Company services an account base consisting of consumer goods, food and beverage, manufacturing and retail customers, which the Company supports from a network of operating locations, as well as an integrated international service partner network. As of June 30, 2016, it provided these services through a multi-brand network, including 18 Company-owned offices. As of June 30, 2016, it had approximately 10,000 asset-based transportation companies, including motor carriers, railroads, airlines and ocean lines in its carrier network. Its brands include Radiant, Wheels, Airgroup, Adcom, DBA and Service By Air. RADIANT LOGISTICS, INC. (NYSEMKT:RLGT) Recent Trading Information
RADIANT LOGISTICS, INC. (NYSEMKT:RLGT) closed its last trading session down -0.13 at 6.21 with 267,175 shares trading hands.