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Sep 30, 2024
RB Global Q3 2024 Earnings Report
RB Global's Q3 2024 performance saw a mix of revenue segment results, with overall revenue and GTV declining slightly, but net income improving significantly.
Key Takeaways
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.
RB Global
RB Global
RB Global Revenue by Segment
Forward Guidance
The Company has updated its full-year 2024 outlook for select financial data.
Revenue & Expenses
Visualization of income flow from segment revenue to net income