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RB (RBA) - 2025 Q1 - Quarterly Report
2025-05-07 20:08
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 March 31, 2025 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 98-0626225 (State or o ...
RB (RBA) - 2025 Q1 - Quarterly Results
2025-05-07 20:03
Exhibit 99.1 – News Release RB Global reports first quarter 2025 results WESTCHESTER, IL, May 7, 2025 – RB Global, Inc. (NYSE & TSX: RBA, the "Company", "RB Global", "we", "us", "their", or "our") reported the following results for the three months ended March 31, 2025. "I want to recognize our teammates' dedication to our partners and customers, particularly in this rapidly evolving macroeconomic environment." said Jim Kessler, CEO of RB Global. "We have not changed our approach and are focused on factors ...
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) 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
Company Overview - RB Global, Inc. is a leading omnichannel marketplace providing value-added insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles globally [2] - The company operates auction sites in 14 countries and serves customers in over 170 countries across various asset classes, including automotive, commercial transportation, construction, government surplus, lifting and material handling, energy, mining, and agriculture [2] Market Position - RB Global's marketplace brands include Ritchie Bros., the largest auctioneer of commercial assets and vehicles, and IAA, a leading global digital marketplace connecting vehicle buyers and sellers [2] - The company's portfolio also features Rouse Services, SmartEquip, Xcira, and VeriTread, which provide comprehensive asset management, technology support, live auction technologies, and online transport marketplace solutions respectively [2] Recent Developments - Jim Kessler, CEO of RB Global, celebrated the company's 20th year listing anniversary on the Toronto Stock Exchange (TSX) [1]
RB (RBA) - 2024 Q3 - Earnings Call Transcript
2024-11-08 20:05
Financial Data and Key Metrics Changes - Adjusted EBITDA declined less than 1% despite a 7% decline in gross transaction value (GTV) [7] - Total GTV decreased by 7%, with automotive GTV down by 1% and commercial construction and transportation GTV down by 10% [25][27] - Adjusted earnings per share decreased by 1% due to a slightly higher adjusted tax rate [32] - Adjusted EBITDA as a percentage of GTV increased to 7.8% from 7.4% in the prior year [31] Business Line Data and Key Metrics Changes - Automotive GTV decreased by 1%, driven by stable unit volume and a 1% drop in average price per vehicle sold [25] - Commercial construction and transportation GTV decreased by 10%, with a decline in average price per lot sold, partially offset by a 19% growth in lot volumes [27] - Service revenue increased by 1%, driven by an expansion in service revenue take rate to 21.5% [29] Market Data and Key Metrics Changes - The total loss ratio in the salvage industry increased nearly 180 basis points to approximately 21.7% compared to 19.9% in the same period last year [27] - Average selling prices of salvage U.S. insurance vehicles increased by 1% year-over-year [20] Company Strategy and Development Direction - The company is focused on driving sustainable growth and has expanded its North American sales organization by approximately 10% year-over-year [11] - A key element of the international automotive salvage growth strategy is entering new markets with partners that provide immediate scale, exemplified by the partnership with Suncorp Group in Australia [21][22] - The company is committed to operational efficiency and has launched a targeted discretionary cost reduction initiative [30] Management's Comments on Operating Environment and Future Outlook - Management noted that partners are cautious and adopting a wait-and-see approach due to macroeconomic uncertainty [8] - The company maintains its full-year GTV guidance range from 0% to 2%, expecting to be at the lower end of the range [33] - Management expressed confidence in the company's ability to gain market share in the salvage industry [26] Other Important Information - The company played a critical role in aiding power restoration efforts in Florida following recent hurricanes [13] - The strategic option to utilize the Orlando yard as additional capacity was not needed due to existing capacity management [16] Q&A Session Summary Question: Perspectives on commercial side trends into 2025 - Management indicated that they are focused on supporting partners regardless of economic conditions and are investing in organic growth initiatives [36][38] Question: Margin improvement journey and milestones - Management emphasized a continuous focus on growing the top line, expanding margins, and optimizing the business [39] Question: Core KPIs of the IAA business - Management reported strong performance in key KPIs and expressed confidence in driving value for partners [41] Question: Capital allocation thoughts for 2025 - The focus remains on paying down Term Loan A and exploring tuck-in M&A opportunities [43] Question: Decline in SG&A year-over-year - Management attributed the decline to operating efficiency initiatives and discretionary spending control [45][46] Question: New business with Suncorp in Australia - Management confirmed the contract was awarded through a normal RFP process, leveraging existing brand reputation [48] Question: Productivity of new territory managers - Management indicated that new hires typically become productive quickly, depending on the right fit [51][76] Question: Impact of cat events on guidance - Management noted that while cat events can boost top-line performance, they do not always translate to profitability [79] Question: CapEx guidance and allocation - Management stated that capital allocation decisions will be evaluated based on strategic needs, including technology and real estate [81]
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 ...
RB Global (RBA) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2024-07-30 15:07
Earnings Whisper Zacks Consensus Estimate RB Global (RBA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. While the sustainability of the immediate price change and future earnings expectations will mostly depend ...
RB Global to Report Second Quarter 2024 Financial Results and Host Conference Call on August 6, 2024
Prnewswire· 2024-07-09 21:00
Analysts and institutional investors may pre-register to participate in the conference call using the following link: https://registrations.events/direct/Q4I665110. Registered participants will receive an email with a calendar reminder, dial-in number, and conference ID that allows access to the call. WESTCHESTER, Ill., July 9, 2024 /PRNewswire/ - RB Global, Inc. (NYSE: RBA) (TSX: RBA) announced today that it will release second-quarter financial results before the market opens on Tuesday, August 6, 2024. T ...