08:37 AM EST, 11/08/2024 (MT Newswires) -- RB Global, Inc. ( RBA ) was at last look up 0.7% in US premarket trade on Friday -- to fresh 52 week high levels -- after it reported a mixed earnings report for the third quarter, as total revenues fell, but raised its 2024 outlook for Adjusted EBITDA.

The company said for Q3 diluted earnings per share available to common stockholders increased 20% to $0.36 per share. But diluted adjusted EPS available to common stockholders decreased 1% year-over-year to $0.71 per share.

Meanwhile, net income increased 20% year-over-year to $76.0 million. Net income available to common stockholders increased 22% year-over-year to $66.9 million.

Among other highlights, total revenue decreased 4% year-over-year to $981.8 million. Adjusted EBITDA decreased 1% year-over-year to $283.7 million.

The company has updated its full-year 2024 outlook for select financial data: The current outlook for GTV growth is unchanged at 0% to 2%. But the current outlook for Adjusted EBITDA is $1,235 to $1,270 million, from a prior $1,220 to $1,270 million.

Full year 2024 tax rate (GAAP and Adjusted) was unchanged at 25% to 27%C while capital expenditures was unchanged at $275 to $325 million.

"We are focused on managing expenses through careful cost controls and limiting discretionary spend to help us navigate the current environment" said Eric J. Guerin, Chief Financial Officer., before adding: "We continue to invest in strategic areas to position us for long-term growth."