In This Article:
RB Global (NYSE:RBA) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$981.8m (down 3.7% from 3Q 2023).
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Net income: US$66.9m (up 22% from 3Q 2023).
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Profit margin: 6.8% (up from 5.4% in 3Q 2023). The increase in margin was driven by lower expenses.
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EPS: US$0.36 (up from US$0.30 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
RB Global Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 21%.
Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Commercial Services industry in the US.
Performance of the American Commercial Services industry.
The company's shares are up 7.9% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on RB Global's balance sheet.
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