RB Global (RBA.TO)reports fourth quarter and full year 2024 results

Tue, February 18, 2025

WESTCHESTER, Ill., February 18, 2025–(BUSINESS WIRE)–RB Global, Inc. (NYSE & TSX: RBA, the “Company”, “RB Global”, “we”, “us”, “their”, or “our”) reported the following results for the three months and year ended December 31, 2024.

“I am proud of everything the RB Global team accomplished in 2024,” said Jim Kessler, CEO of RB Global. “We made significant progress on our strategic priorities, and we have a firm foundation by which we expect continued long-term growth and value creation.”

Commenting on the results, Eric J. Guerin, Chief Financial Officer, said, “I am pleased with the financial discipline we’ve instilled as a team. This past year we have enhanced our operational efficiency, made strategic investments in long-term growth opportunities, and significantly reduced our leverage.”

Fourth Quarter Financial Highlights^1,2,3:

• Total gross transaction value (“GTV”) increased 2% year over year to $4.1 billion.
• Total revenue increased 10% year over year to $1.1 billion.
  • Service revenue increased 8% year over year to $875.5 million.
  • Inventory sales revenue increased 15% year over year to $266.1 million.
• Net income increased 41% year over year to $118.4 million.
• Net income available to common stockholders increased 44% year over year to $107.8 million.
• Diluted earnings per share available to common stockholders increased 41% to $0.58 per share.
• Diluted adjusted earnings per share available to common stockholders increased 16% year over year to $0.95 per share.
• Adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”) increased 13% year over year to $346.0 million.

2025 Financial Outlook
The table below outlines the Company’s outlook for select full-year 2025 financial data: