RB (RBA)

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Strength Seen in RB Global (RBA): Can Its 8.9% Jump Turn into More Strength?
ZACKS· 2024-06-11 17:00
RB Global (RBA) shares ended the last trading session 8.9% higher at $79.12. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5% loss over the past four weeks. This heavy equipment auctioneer is expected to post quarterly earnings of $0.90 per share in its upcoming report, which represents a year-over-year change of +5.9%. Revenues are expected to be $1.14 billion, up 3.3% from the year-ago quarter. For RB Global, t ...
RB (RBA) - 2024 Q1 - Earnings Call Transcript
2024-05-09 22:32
RB Global, Inc. (NYSE:RBA) Q1 2024 Earnings Conference Call May 9, 2024 4:30 PM ET Company Participants Sameer Rathod - VP IR & Market Intelligence James Kessler – CEO Eric Guerin - CFO Conference Call Participants Sabahat Khan - RBC Capital Markets Steve Hansen - Raymond James Michael Doumet – Scotiabank Maxim Sytchev - National Bank Financial Operator Good morning. My name is Chris, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Ritchie Brothers Auctionee ...
RB (RBA) - 2024 Q1 - Quarterly Report
2024-05-09 20:14
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, 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) | | --- | | | | (State or o ...
RB (RBA) - 2024 Q1 - Quarterly Results
2024-05-09 20:10
Exhibit 99.1 – News Release RB Global reports first quarter 2024 results WESTCHESTER, IL, May 9, 2024 – 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, 2024. "Our solid start to the year directly reflects our "One Team-All In" culture and our dedication to over delivering on our commitments to our customers" said Jim Kessler, CEO of RB Global. "Robust execution in our automotive sector continues ...
RB (RBA) - 2023 Q4 - Annual Report
2024-02-28 21:01
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 RB Global, Inc. | (Exact Name of Registrant as Specified in its Charter) | | | | --- | --- | --- | | Canada | | 98-0626225 | | (State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) | | Two Westbrook Corporate Center, Suite 500, | | | | Westchester, Illinois, USA 60154 | | (7 ...
RB (RBA) - 2023 Q4 - Earnings Call Transcript
2024-02-23 19:43
RB Global, Inc. (NYSE:RBA) Q4 2023 Earnings Conference Call February 23, 2024 8:30 AM ET Company Participants Sameer Rathod - VP IR & Market Intelligence James Kessler - CEO Eric Guerin - CFO Conference Call Participants Michael Doumet - Scotiabank Steve Hansen - Raymond James Craig Kennison - Baird Gary Prestopino - Barrington Research John Healy - Northcoast Research Larry De Maria - William Blair Maxim Sytchev - National Bank Financial Sabahat Khan - RBC Capital Markets Operator Good morning. My name is ...
RB (RBA) - 2023 Q4 - Annual Results
2024-02-23 12:30
Financial Performance - GTV increased 160% year-over-year to $4.0 billion, including $2.2 billion from the acquisition of IAA, Inc. [4] - Total revenue rose 134% year-over-year to $1.0 billion, with $559.2 million attributed to the IAA acquisition [4] - Service revenue surged 197% year-over-year to $809.1 million, including $488.0 million from IAA [4] - Adjusted EBITDA increased 153% year-over-year to $307.5 million [4] - Net income available to common stockholders grew 65% year-over-year to $74.8 million [4] - Diluted adjusted earnings per share rose 21% year-over-year to $0.82 per share [4] - Operating income for Q4 2023 was $170.8 million, a 160% increase from $65.7 million in Q4 2022; annual operating income was $471.3 million, a slight increase of 4% from $453.5 million [28] - Net income for Q4 2023 was $84.2 million, an 85% increase from $45.4 million in Q4 2022; for the year, net income was $206.0 million, down 36% from $319.8 million [28] - Adjusted net income available to common stockholders for the year ended December 31, 2023, was $502.2 million, an 86% increase from $269.9 million in 2022 [40] - Adjusted EBITDA for Q4 2023 was $307.5 million, a 153% increase from $121.5 million in Q4 2022 [42] Growth Projections - The company projects full-year 2024 GTV growth between 1% and 4% [4] - The company anticipates continued growth opportunities following the acquisition of IAA, with a focus on integrating operations and realizing synergies [23] Revenue Breakdown - Automotive sector GTV for Q4 2023 reached $2.1 billion, a 4,177% increase year-over-year [7] - Total lots sold increased by 6% year-over-year to 786.8 thousand in Q4 2023, with automotive lots sold rising by 7% to 573.2 thousand [12] - Gross transaction value (GTV) surged 160% year-over-year to $4.0 billion, primarily due to the inclusion of $2.2 billion GTV from IAA [18] - Service revenue rose 197% year-over-year to $809.1 million, with $488.0 million attributed to IAA, and a pro forma increase of 14% [18] - Inventory sales revenue grew by 35% year-over-year, largely due to $71.2 million from IAA, but decreased by 10% on a pro forma basis [18] Expenses and Cash Flow - Operating expenses for Q4 2023 totaled $870.6 million, with adjusted operating expenses at $770.4 million [15] - Operating Free Cash Flow (OFCF) for 2023 was $230.4 million, a decrease of 59% compared to $556.6 million in 2022 [49] - Cash provided by operating activities increased to $544.0 million in 2023, up 17% from $463.1 million in 2022 [49] - Net capital spending in 2023 was $(313.6) million, a significant increase from $93.5 million in 2022, reflecting a 435% change [49] Assets and Liabilities - Cash and cash equivalents at the end of 2023 were $576.2 million, up from $494.3 million at the end of 2022 [29] - Total assets increased to $12,037.4 million in 2023 from $2,863.7 million in 2022, driven by significant acquisitions and growth in intangible assets [29] - Total debt increased to $3,089.5 million in 2023, a 406% increase from $610.6 million in 2022 [46] - Adjusted net debt rose to $2,513.3 million, a 2061% increase from $116.3 million in 2022 [46] Shareholder Returns - The company declared a quarterly cash dividend of $0.27 per common share, payable on March 1, 2024 [20] - The company reported a basic earnings per share of $0.41 for Q4 2023, unchanged from Q4 2022, while diluted earnings per share increased by 2% to $0.41 [28] Acquisition Impact - The company completed the acquisition of IAA, impacting cash flows and resulting in a net cash used in investing activities of $(3,108.3) million for 2023 [30] - Acquisition-related and integration costs for the year increased significantly to $216.1 million, a 479% rise from $37.3 million in 2022 [42] - Amortization of acquired intangible assets in 2023 was $76.0 million, including $67.6 million from IAA [55] - Acquisition-related and integration costs for 2023 totaled $46.3 million, primarily related to the acquisition of IAA [55]
RB (RBA) - 2023 Q3 - Earnings Call Transcript
2023-11-10 04:32
RB Global, Inc. (NYSE:RBA) Q3 2023 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Sameer Rathod - VP IR & Market Intelligence James Kessler - CEO Conference Call Participants Michael Doumet - Scotiabank Craig Kennison - Baird Steven Hansen - Raymond James Sabahat Khan - RBC Capital Markets Maxim Sytchev - National Bank Financial Michael Feniger - Bank of America Lawrence De Maria - William Blair Operator Good day. My name is Chris, and I'll be your conference operator today. At th ...
RB (RBA) - 2023 Q3 - Quarterly Report
2023-11-09 21:16
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, 2023 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) | | | --- | --- | | Can ...
RB (RBA) - 2023 Q2 - Earnings Call Transcript
2023-08-06 02:10
RB Global, Inc. (NYSE:RBA) Q2 2023 Earnings Conference Call August 3, 2023 4:30 PM ET Company Participants Sameer Rathod – Vice President of Investor Relations and Market Intelligence Jim Kessler – Chief Executive Officer Conference Call Participants Steve Hansen – Raymond James Michael Doumet – Scotiabank Sabahat Khan – RBC Capital Markets John Healy – Northcoast Research Michael Feniger – Bank of America Gary Prestopino – Barrington Research Maxim Sytchev – National Bank Financial Kevin Condon – Baird Lar ...