Radiant Logistics said it had a profit of $582,000 in the three months ending June 30, compared to $844,000 in the same period the prior year.
The company said the results reflected its acquisition in April of DBA Distribution Services, which commonly operates under the name Distribution by Air. Radiant said it had $139,000 in non-recurring transaction and severance costs and $583,000 in non-recurring transition costs associated with the purchase.
Bellevue, Wash.-based Radiant had revenue of $70.9 million in the quarter, compared to $40.7 million in revenue.
For the year ended June 30, Radiant reported profit of $2.9 million on $203.8 million of revenues, compared to $2 million profit on $146.7 million of revenues the prior year.
Bohn Crain, Radiant’s chairman and chief executive officer, said “integration of DBA is ahead of schedule and we were able to capture most of the targeted cost savings effective Oct. 1, 2011 rather than our original plan of Jan. 1, 2012.”
Radiant results reflect acquisition
