RB Global Second Quarter 2024 Earnings: Revenues Disappoint

RB Global (NYSE:RBA) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.10b (flat on 2Q 2023).
• Net income: US$100.7m (up 30% from 2Q 2023).
• Profit margin: 9.2% (up from 7.0% in 2Q 2023).
• EPS: US$0.55 (up from US$0.43 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

RB Global Revenues Disappoint

Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are down 2.9% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for RB Global you should be aware of.

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