RB Global beats Q1 revenue estimates with 11.4% growth

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Summary · why it matters

RB Global reported first-quarter revenues of $1.23 billion, an 11.4% year-on-year increase that exceeded analysts' expectations by 6.9%. The company also beat earnings per share estimates, capping what was described as a very strong quarter. Among the 20 business services and supplies stocks tracked, the group overall posted revenues 2.4% above consensus and saw average share prices rise 10.6% since their latest earnings. Brady delivered the best performance of the group with a 13.8% revenue jump and a 20.2% stock gain, while MillerKnoll was the weakest, missing revenue and EPS estimates and seeing its stock fall 14.8%.

Impact on assets 5

Industrials± Mixed
RB Global Inc.
RBA
▲ PositiveCapitalrelevance

Beat Q1 revenue and EPS estimates, strong quarter.

Defense & Geopolitical Fragmentation▲