RB Global Q1 revenue up 108% YoY; raises FY2024 Adj. EBITDA guidance to $1.2-1.26B

RB GLOBAL INC.

2024-Q1 EPS reported $0.53 revenue$1,064,700,000

GTV surged 115% YoY to $4.1B, including $2.3B from IAA; total revenue $1.1B (+108%).
Net income available to common stockholders $97.1M vs ($34.2M) loss; diluted EPS $0.53 vs ($0.28).
Adjusted EBITDA $331.0M (+150%); adjusted EPS $0.90 vs $0.57 (+58%).
FY2024 outlook: Adjusted EBITDA raised to $1.2-1.26B from $1.17-1.23B; GTV growth 1-4% reiterated.
Declared $0.27/share quarterly dividend, payable June 20 to shareholders of record May 29.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RB GLOBAL INC. reported the three months ended March 31, 2024 results: revenue $1.1 billion, net income $97.1 million, EPS $0.53 per share. Guidance raised.

Period: the three months ended March 31, 2024
Revenue: $1.1 billion
Net income: $97.1 million
EPS: $0.53 per share
Guidance: raised
Result: reported results

Exact text from the filing

Quarter Financial Highlights 1,2,3 : • GTV increased 115% year-over-year to $4.1 billion, which includes $2.3 billion from IAA. • Total revenue increased 108% year-over-year to $1.1 billion, which includes $588.6 million from IAA. • Service revenue increased 147% year-over-year to $849.1 million, which includes $516.9 million from IAA. • Inventory sales revenue

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Source: SEC EDGAR

accession 0001628280-24-022223

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