Radiant Logistics reported a strong fiscal fourth quarter, with revenue climbing 19% year-over-year to $261 million. The logistics provider outperformed consensus estimates by $30 million, driven by robust demand for international airfreight and customs brokerage services. Shares surged 16% as the company highlighted a tightening domestic freight market and an expanded credit facility to support future acquisitions.
Radiant Logistics beat fiscal Q4 expectations with revenue 19% higher y/y and adjusted EPS of $0.15, driving shares up 16%.