Radiant Logistics exceeded quarterly expectations, with management noting customer optimism despite soft international ocean volumes. The company’s proprietary platform, Navegate, is driving success by providing better routing and capacity options. Revenue for the fiscal second quarter was $232 million, with adjusted net income of $8.1 million, beating consensus estimates.

Adjusted earnings before interest, taxes, depreciation, and amortization were slightly lower year over year, impacted by previous projects. Radiant finished the quarter with $32 million in cash, exceeding debt obligations, and plans to use credit facility funds for stock buybacks and acquisitions. RLGT shares rose 7.4% in after-hours trading on Monday.

Read more at Yahoo Finance: Radiant Logistics beats FQ2 expectations