Welcome to our dedicated page for RB Global Ord Shs news (Ticker: RBA), a resource for investors and traders seeking the latest updates and insights on RB Global Ord Shs stock.
RB Global, Inc. (NYSE: RBA, TSX: RBA) generates frequent news coverage as an omnichannel marketplace serving buyers and sellers of commercial assets and vehicles worldwide. Company updates often focus on performance across key sectors such as automotive, commercial construction and transportation, government surplus, lifting and material handling, energy, mining and agriculture, reflecting activity across its auction sites and digital platform.
Investors following RBA news can expect regular earnings releases that detail gross transaction value (GTV), service revenue, inventory sales revenue, net income and adjusted EBITDA. These reports typically include sector-level GTV and total lots sold, commentary on service revenue take rate and inventory metrics, and reconciliations of reported operating expenses to adjusted measures. The company also provides financial outlooks for metrics such as GTV growth, adjusted EBITDA, tax rate ranges and capital expenditures, accompanied by forward-looking statement disclosures.
Beyond quarterly results, RB Global’s news flow highlights developments across its marketplace brands. Ritchie Bros. announcements include information about major auction events, such as large multi-day equipment auctions that attract consignors and bidders from many countries. IAA-related news covers remarketing contracts, government and fleet relationships, and Market Alliances in regions including Latin America and the Caucasus, where local partners operate auction centers or provide services to buyers accessing IAA’s vehicle inventory.
Additional updates cover acquisitions and partnerships, such as the purchase of J.M. Wood Auction Co., Inc. by Ritchie Bros. and joint ventures like LKQ SYNETIQ in vehicle parts dismantling and distribution. Leadership changes, organizational realignments and dividend declarations are also reported through RB Global’s press releases and SEC filings. For followers of RBA, this news page provides a centralized view of operational, financial, strategic and governance developments affecting the company’s marketplace ecosystem.
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Ritchie Bros. has released its September Market Trends Report, revealing a steady volume of oil and gas support equipment sales in North America since January 2021. Over 47,000 items were sold, with significant fluctuations in pricing observed quarterly. The report indicates that truck tractor prices rose 18% year-over-year, while other categories, such as large earthmoving equipment, saw increases of 9%. Despite recent declines in month-over-month prices, retail values continued a 22-month upward trend, rising by 2.3% in August.
Ritchie Bros. held a successful online auction from September 7-9, 2022, selling over 8,300 items for a gross transaction value of CA$76+ million (US$58+ million), representing a 29% increase from the previous year. Attracting more than 14,600 bidders from 46 countries, around 94% of the items were sold to Canadian buyers, including 59% to Albertans. The auction featured significant items such as a Komatsu dozer sold for CA$400,000. Over 1,100 consignors participated, showcasing strong demand and pricing for equipment in the market.
Ritchie Bros. conducted a successful online auction in Houston from August 23-25, 2022, attracting over 11,290 bidders globally and selling more than 4,980 items for a total gross transaction value exceeding US$54 million. Key sales included a 2019 Caterpillar excavator sold for US$260,000 and a 2021 Cat wheel loader for US$200,000. Approximately 89% of the equipment was purchased by U.S. buyers, with a significant share from Texas. The company announced more auctions upcoming, including a sale in Fort Worth on September 20-22, featuring oil and gas-related equipment.
Ritchie Bros.' August Market Trends Report highlights contrasting excavator pricing trends between the U.S. and Canada. In the U.S., median prices for large excavators are down 9% year-over-year, with mini excavator prices declining 5% in the last 90 days. Conversely, Canada experienced a 12% increase in large excavator prices and a 31% rise for mini excavators. Despite strong year-over-year pricing, the report notes a month-to-month decline in various equipment sectors, attributed to normalizing transportation and logistics markets.
Ritchie Bros. Auctioneers (RBA) reported Q2 2022 results with total revenue increasing by 22% to $484.5 million. The company achieved a 10% growth in Gross Transaction Value (GTV) amidst a tight supply environment. Profitability saw a decline, with net income down 12% to $53.4 million, and diluted EPS falling 13% to $0.48. However, non-GAAP diluted adjusted EPS rose by 10% to $0.74. Service revenue grew 13% driven by financial services, up 69%. The company declared a quarterly dividend of $0.27, payable September 14, 2022.
Ritchie Bros. held a successful auction in Fort Worth, TX from July 19-21, 2022, attracting over 11,500 bidders from 58 countries. The event saw more than 4,200 items sold, generating over US$59 million in gross transaction value. Approximately 90% of the items were purchased by U.S. buyers, with 42% from Texas. The auction featured key sales including a Vermeer directional drill for US$430,000 and a Grove crane for US$320,000. The next auction will include Ritchie Bros. Energy Day, showcasing oil and gas assets.
Ritchie Bros released its July Market Trends Report, showcasing significant price increases in used construction equipment across the U.S. and Canada. Year-over-year, large earthmoving prices rose by 15% and 20%, while aerial equipment jumped by 18%. Truck tractors experienced even greater inflation, soaring 39% in the U.S. However, sales volumes for used equipment remain below last year's levels, with auction values stabilizing after a prolonged increase. The report is available for free at rbassetsolutions.com/market-trends-report.
Ritchie Bros (NYSE: RBA) has scheduled its second quarter 2022 earnings conference call for August 5, 2022, at 11:00 a.m. Eastern time. The company will release its earnings results on August 4, after market close. Analysts and institutional investors can join the call using provided dial-in information, while media can listen via a live webcast. Presentation slides will accompany the call and be available for download. A replay will be accessible from 2:00 p.m. Eastern time until September 5, 2022.
Ritchie Bros conducted two major online auctions in June 2022, selling over 34,000 equipment items for a total of US$114 million. The Houston auction from June 21-23 attracted more than 10,600 bidders and sold 5,900+ items with significant sales including a 2013 crane for US$305,000. The Edmonton auction from June 22-24 drew over 12,300 bidders and sold 7,000+ items for CA$65+ million (about US$51 million). The events highlighted strong demand and pricing for late-model equipment, with positive feedback from consignors on their sales experience.