Ritchie Bros. Auctioneers (TSE:RBA) has released an update.
RB Global, Inc. has reported a significant increase in their first quarter financials of 2024, including a 115% rise in Gross Transaction Value (GTV) to $4.1 billion, and a net income spike of 384% to $97.1 million. Driven by exceptional performance in the automotive sector and effective execution of operations, the company has updated its full-year guidance, projecting higher Adjusted EBITDA and maintaining stable capital expenditure forecasts. These robust results have enabled the company to hit net leverage targets a year in advance, underlining its strong financial health and commitment to growth.
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