RB Global Q2 profit rises 30% as revenue dips 1%; raises adjusted EBITDA outlook
RB Global reported second quarter 2024 results, with total revenue down 1% year-over-year to $1.1 billion while net income available to common stockholders rose 30% to $100.7 million. The company raised its full-year 2024 adjusted EBITDA outlook to $1,220 million to $1,270 million but lowered its GTV growth outlook to 0% to 2% from 1% to 4%. The board also declared a quarterly cash dividend of $0.29 per share, an increase of 7%.
Key points
- Total revenue fell 1% year-over-year to $1.1 billion, while net income available to common stockholders rose 30% to $100.7 million.
- Diluted EPS was $0.54, up 29%; diluted adjusted EPS was $0.94, up 15%.
- Full-year 2024 adjusted EBITDA outlook raised to $1,220 million to $1,270 million from $1,200 million to $1,260 million; GTV growth outlook lowered to 0% to 2% from 1% to 4%.
- Quarterly dividend of $0.29 per share is payable September 18, 2024, to shareholders of record on August 28, 2024.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.