Loading...
•
Jun 30, 2024
RB Global Q2 2024 Earnings Report
RB Global's financial performance remained strong, driven by service revenue growth and operational efficiency.
Key Takeaways
RB Global reported a slight decrease in total revenue and GTV, but net income and EPS increased significantly. Service revenue grew, offsetting a decline in inventory sales. The company updated its full-year outlook, projecting continued growth in adjusted EBITDA.
GTV decreased slightly by 1% year-over-year to $4.1 billion.
Total revenue decreased by 1% year-over-year to $1.1 billion.
Service revenue increased by 7% year-over-year to $859.1 million.
Net income available to common stockholders increased by 30% year-over-year to $100.7 million.
RB Global
RB Global
RB Global Revenue by Segment
Revenue by Segment
Transactional Seller Revenue
CapyFin.comTransactional Buyer Revenue
CapyFin.comMarketplace Services Revenue
CapyFin.comInventory Sales Revenue
CapyFin.comTotal Service Revenue
CapyFin.com Forward Guidance
The Company has updated its full-year 2024 outlook for select financial data.
Positive Outlook
- GTV growth is projected to be 0% to 2%.
- Adjusted EBITDA is expected to be $1,220 to $1,270 million.
- Full year 2024 tax rate (GAAP and Adjusted) is expected to be 25% to 27%.
- Capital expenditures are projected to be $275 to $325 million.
- Actioned $110 million in cost synergies and will reach full run rate ahead of schedule.
Revenue & Expenses
Visualization of income flow from segment revenue to net income