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RB (RBA) - 2024 Q4 - Annual Report
2025-02-26 21:44
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-13425 RB Global, Inc. | (Exact Name of Registrant as Specified in its Charter) | | | | --- | --- | --- | | Canada | | 98-0626 ...
RB (RBA) - 2024 Q4 - Earnings Call Transcript
2025-02-19 03:26
Financial Data and Key Metrics Changes - Fourth quarter adjusted EBITDA increased by 13% on a 2% increase in gross transactional value (GTV) [6][26] - Adjusted earnings per share rose by 16% due to higher operating income and lower net interest expense [27] - Adjusted EBITDA as a percentage of GTV increased to 8.4% compared to 7.7% in the prior year [26] Business Line Data and Key Metrics Changes - Automotive GTV increased by 4%, driven by a 7% increase in unit volumes, partially offset by a decline in average price per vehicle sold [22] - GTV in the commercial construction and transportation sector decreased by 1%, driven by a decline in average price per lot sold, despite an 18% increase in lot volumes [23] - Service revenue increased by 8% due to a higher service revenue take rate and higher GTV [25] Market Data and Key Metrics Changes - The total loss ratio in the salvage industry increased nearly 230 basis points to approximately 23.8% compared to 21.5% in the same period last year [19] - Average selling prices of salvage U.S. insurance vehicles declined less than 1%, and when excluding impacts from catastrophe events, declined approximately 2% year-over-year [20] Company Strategy and Development Direction - The company aims to solidify its position as a trusted global partner by focusing on operational efficiency and excellence [8] - Key strategic focuses include premium price performance, growing the enterprise partner base, and driving growth with regional customers [10][11][13] - The company plans to modernize technology capabilities and strategically deploy M&A to expand market reach [14][15] Management's Comments on Operating Environment and Future Outlook - The management described the current environment as "wait and see," with partners evaluating business conditions amid uncertainty [16] - The company expects full-year GTV to grow between 0% and 3% year-over-year, with a mid-single-digit decline expected in the first quarter of 2025 [28] - Management remains focused on operational excellence while investing in growth initiatives [29] Other Important Information - The company expects full-year capital expenditures to be between $350 million and $400 million, mainly due to investments in Greenfield expansion in Australia [30] Q&A Session Summary Question: Market share gains and expectations for 2025 - Management emphasized focusing on providing high service levels to partners and adding value to their P&L to gain market share [34][35] Question: Capital allocation priorities - Management stated that M&A opportunities are part of the strategy, alongside paying down debt and reinvesting in the business [38][39] Question: GTV growth outlook and sector performance - Management indicated confidence in automotive sector growth and discussed unique challenges in the commercial construction and transportation sector [44][46] Question: Impact of tariffs on the automotive side - Management noted that while tariffs are a concern, the marketplace's need for assets remains strong, and they will navigate these challenges with data and insights [52][70] Question: Efficiency and potential RFPs related to surplus assets - Management acknowledged seeing surplus items but did not identify any abnormal uptick in activity related to efficiency initiatives [62] Question: Performance metrics post-IAA transaction - Management expressed confidence in meeting or exceeding SLAs and emphasized transparency in performance reporting [66][91] Question: SG&A performance and cost management - Management highlighted a disciplined approach to managing operating efficiency while investing in business growth [99][101]
RB Global (RBA) Beats Q4 Earnings and Revenue Estimates
ZACKS· 2025-02-19 00:15
RB Global (RBA) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.75%. A quarter ago, it was expected that this heavy equipment auctioneer would post earnings of $0.62 per share when it actually produced earnings of $0.71, delivering a surprise of 14.52%.Over the last four quarters, ...
RB (RBA) - 2024 Q4 - Annual Results
2025-02-18 21:06
Exhibit 99.1 – News Release RB Global reports fourth quarter and full year 2024 results WESTCHESTER, IL, February 18, 2025 – RB Global, Inc. (NYSE & TSX: RBA, the "Company", "RB Global", "we", "us", "their", or "our") reported the following results for the three months and year ended December 31, 2024. 2025 Financial Outlook The table below outlines the Company's outlook for select full-year 2025 financial data: | | Year ended December 31, | | | --- | --- | --- | | | 2025 | | | (in U.S. dollars in millions, ...
RB Global (RBA) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-11-26 18:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...
RB Global Inc. (RBA) Opens the Market
Newsfile· 2024-11-19 16:49
Toronto, Ontario--(Newsfile Corp. - November 19, 2024) - Jim Kessler, Chief Executive Officer, RB Global Inc. (TSX: RBA) ("RB Global" or the "Company"), joined Chris Birkett, President, TSX Listings, to open the market to celebrate the Company's 20th year listing anniversary on TSX.Cannot view this video? Visit:https://www.youtube.com/watch?v=PO2DDfJO4OERB Global, Inc. (TSX: RBA) (NYSE: RBA) is a leading, omnichannel marketplace that provides value-added insights, services and transaction solutions for buy ...
RB (RBA) - 2024 Q3 - Earnings Call Presentation
2024-11-12 11:26
rb Global" Third Quarter 2024 Financial Results © 2024 RB Global, Inc. | All Rights Reserved Forward Looking Statements This presentation contains forward-looking statements and forward-looking information within the meaning of applicable US and Canadian securities legislation (collectively, "forward-looking statements"), including, in particular, statements regarding future financial and operational results, opportunities, and any other statements regarding events or developments that RB Global believes or ...
RB (RBA) - 2024 Q3 - Earnings Call Transcript
2024-11-08 20:05
RB Global, Inc. (NYSE:RBA) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Sameer Rathod - VP IR & Market Intelligence James Kessler - CEO Eric Guerin - CFO Conference Call Participants Sabahat Khan - RBC Capital Markets Krista Friesen - CIBC Gary Prestopino - Barrington Research Craig Kennison - Baird Michael Feniger - BoA Maxim Sytchev - MDS John Healy - Northcoast John Gibson - BMO Capital Markets Operator Thank you for standing by. My name is Janine, and I will be your ...
RB Global (RBA) Surpasses Q3 Earnings Estimates
ZACKS· 2024-11-08 14:46
RB Global (RBA) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 14.52%. A quarter ago, it was expected that this heavy equipment auctioneer would post earnings of $0.88 per share when it actually produced earnings of $0.94, delivering a surprise of 6.82%. Over the last four quarters, ...
RB (RBA) - 2024 Q3 - Quarterly Report
2024-11-08 12:35
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-13425 ' GLOBAL® RB Global, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other ...