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Dec 31, 2024
RB Global Q4 2024 Earnings Report
RB Global reported strong revenue growth in Q4 2024, driven by increased service revenue and inventory sales.
Key Takeaways
RB Global saw a 10% YoY increase in total revenue, reaching $1,141,600,000 in Q4 2024. Net income rose 41% to $118,400,000, with adjusted EPS growing 16% to $0.95. Service revenue grew 8%, while inventory sales revenue increased 15%, highlighting strong sector performance.
Total revenue increased by 10% YoY, reaching $1,141,600,000.
Net income grew 41% YoY to $118,400,000.
Adjusted EPS rose 16% YoY to $0.95.
Service revenue take rate expanded by 110bps to 21.3%, driven by pricing adjustments.
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.com Forward Guidance
RB Global expects moderate GTV growth between 0% and 3% in 2025, with continued margin expansion and revenue growth driven by operational efficiencies.
Positive Outlook
- GTV expected to grow up to 3% in 2025.
- Adjusted EBITDA projected between $1.32B and $1.38B.
- Ongoing cost efficiencies expected to support margin expansion.
- Strong demand in key sectors like automotive and transportation.
- Further strategic investments in digital marketplace growth.
Challenges Ahead
- Flat to modest GTV growth forecasted (0% - 3%).
- Higher income tax expenses expected to impact net income.
- Operating expenses projected to rise due to strategic investments.
- Continued integration costs from recent acquisitions.
- Market volatility may impact transactional volumes.