Radiant Logistics beat expectations for its recent fiscal quarter but said peak season is likely to be more muted this year that in recent years.
The Renton, Washington-based 3PL reported adjusted earnings per share of 11 cents for its fiscal fourth quarter ended June 30. That was 3 cents lower y/y but 3 cents ahead of the consensus estimate for the period.
Consolidated revenue of $221 million increased 7% y/y but came in $3 million shy of analysts’ expectations. Topline growth from past acquisitions was partially offset by a softer operating environment.
“Notwithstanding these strong year over year results, we expect to continue to see some near-term volatility in our results tied to the ebb and flow of the ongoing U.S. negotiations around trade and tariffs,” said CEO Bohn Crain on a Monday conference call.