earnings
confidence high
sentiment positive
materiality 0.70
RB Global Q2 net income up 30% to $100.7M; raises FY adj. EBITDA guidance
RB GLOBAL INC.
2024-Q2 EPS reported
$1.07
revenue$2,160,800,000
- GTV flat at $4.1B (-1% YoY); service revenue +7% to $859.1M on take rate expansion.
- Diluted EPS $0.54 (+29%); adjusted EPS $0.94 (+15%), beating prior consensus.
- Adj. EBITDA +11% to $342M; FY 2024 adj. EBITDA outlook raised to $1.22-1.27B.
- Dividend increased 7% to $0.29/share, payable Sept 18 to holders of record Aug 28.
- Management has actioned $110M in cost synergies; expects full run rate ahead of schedule.