Radiant Logistics, Inc. (NYSE:RLGT) Q1 2024 Earnings Conference Call November 9, 2023 4:30 PM ET

Company Participants

Bohn Crain - Founder, Chairman and CEO

Todd Macomber - Senior Vice President and CFO

Conference Call Participants

Elliot Alper - TD Cowen

Mark Argento - Lake Street Capital Markets

Jeffrey Kauffman - Vertical Research Partners

Kevin Gainey - Thompson Davis

Operator

This afternoon, Bohn Crain, Radiant Logistics' Founder and CEO; and Radiant's Chief Financial Officer, Todd Macomber, will provide a general business update and discuss financial results for the company's first fiscal quarter ended September 30, 2023. Following their comments, we will open the call to questions. This conference is scheduled for 30 minutes.

This conference call may include forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. The company has based these forward-looking statements on its current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about the company that may cause the company's actual results or achievements to be materially different from the results or achievements expressed or implied by such forward-looking statements.

While it is impossible to identify all the factors that may cause the company's actual results or achievements to differ materially from those set forth in our forward-looking statements, such factors include those that have in the past and may in the future be identified in the company's SEC filings, other public announcements, which are available on the Radiant website at www.radiantdelivers.com. In addition, past results are not necessarily an indication of future performance.

Now I'd like to pass the call over to Radiant's Founder and CEO, Bohn Crain.

Bohn Crain

Thanks, Angela. Good afternoon, everyone, and thank you for joining in on today's call. Our results for the quarter ended September 30, 2023, continue to reflect the difficult freight markets being experienced by the entire industry as well as our own operations. The confluence of shippers continuing to manage through elevated inventories, reduced imports and slowing economic growth has had a cascading effect across virtually every mode of transportation. As in the prior quarter, these market conditions have negatively impacted not only our current results but also the year-over-year comparison to our record results for the prior year period. With that said, we remain optimistic that we're at or near the bottom of the cycle and would expect markets to begin to find their way to more sustainable and normalized levels in coming quarters.