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RB Global reported a decrease in total revenue and GTV for Q3 2024, but experienced an increase in net income and diluted earnings per share. The company updated its presentation of disaggregated revenue to align with management's evaluation of financial performance.
Total gross transaction value (GTV) decreased by 7% year-over-year to $3.6 billion.
Total revenue decreased by 4% year-over-year to $981.8 million.
Net income increased by 20% year-over-year to $76.0 million.
Diluted earnings per share increased by 20% to $0.36 per share.
The Company has updated its full-year 2024 outlook for select financial data.
Visualization of income flow from segment revenue to net income