RB Global reports first quarter 2024 results

First Quarter Financial Highlights1,2,3:

  • 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 increased 28% year-over-year to $215.6 million, which includes $71.7 million from IAA.
  • Net income (loss) available to common stockholders increased 384% year-over-year to $97.1 million.
  • Diluted earnings (loss) per share available to common stockholders increased 289% to $0.53 per share.
  • Diluted adjusted earnings per share available to common stockholders increased 58% year-over-year to $0.90 per share.
  • Adjusted EBITDA increased 150% year-over-year to $331.0 million.

https://www.newswire.ca/news-releases/rb-global-reports-first-quarter-2024-results-800022493.html

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