For the three months ended September 30, 2024, RB Global Inc. reported total revenue of $981.8 million, reflecting a decrease of 4% from $1,019.8 million in the same period of 2023. The company's service revenue, however, showed a slight increase of 1%, reaching $779.9 million compared to $773.8 million in Q3 2023. In contrast, inventory sales revenue experienced a significant decline of 18%, falling to $201.9 million from $246.0 million in the prior year.

Despite the overall revenue decline, RB Global's net income for Q3 2024 rose to $76.0 million, marking a 20% increase from $63.2 million in Q3 2023. Net income available to common stockholders also increased by 22%, reaching $66.9 million, up from $54.7 million in the same quarter of the previous year. Earnings per share (EPS) for common stockholders improved to $0.36, compared to $0.30 in Q3 2023, reflecting a 20% increase.

For the nine months ended September 30, 2024, total revenue increased by 19% to $3,142.6 million, compared to $2,638.7 million for the same period in 2023. Service revenue for this period surged by 29%, amounting to $2,488.1 million, up from $1,923.4 million in the prior year. Net income for the nine-month period saw a substantial increase of 142%, reaching $294.4 million, compared to $121.8 million in the same period of 2023. Operating income for Q3 2024 was $153.4 million, a 5% increase from $145.8 million in Q3 2023, while for the nine months, it rose 84% to $554.2 million from $300.5 million.

As of September 30, 2024, RB Global's total current assets were $1,858.8 million, an increase from $1,814.0 million at the end of 2023. Total current liabilities also rose to $1,449.1 million, up from $1,342.7 million at December 31, 2023. The company reduced its long-term debt to $2,724.9 million from $3,061.6 million at the end of the previous year. Additionally, cash and cash equivalents increased to $650.7 million, up from $576.2 million at December 31, 2023.