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 Ord Shs (RBA) operates the world's largest industrial auction marketplace, connecting buyers and sellers of heavy equipment across construction, agriculture, and transportation sectors. This page serves as the definitive source for verified corporate updates, offering stakeholders real-time insights into strategic developments shaping the global asset management industry.
Access comprehensive coverage of earnings announcements, acquisition details, and partnership agreements alongside regulatory filings and market expansion updates. Our curated news collection enables investors to track RBA's omnichannel auction innovations, including digital platform enhancements and live event schedules.
All content undergoes rigorous verification against primary sources including SEC filings and official company communications. Bookmark this page for immediate access to critical updates affecting industrial equipment valuations and RB Global's position in the $500B+ global asset disposition market.
Ritchie Bros. Auctioneers (NYSE: RBA) reported a 29% decline in net income for Q3 2021, totaling $32.3 million, compared to $45.4 million in Q3 2020. Diluted EPS also fell 29% to $0.29 per share. The company saw a 1% decrease in total revenue to $329.7 million, with service revenue down 4%. While inventory sales revenue rose 6%, strong performance in growth initiatives, including a 141% increase in IMS activations, indicated potential for future growth. Ritchie Bros. declared a quarterly cash dividend of $0.25 per share, payable on December 15, 2021.
Ritchie Bros. has successfully closed its acquisition of SmartEquip for approximately US$175 million. SmartEquip enhances Ritchie Bros.' offerings by providing a technology platform for managing equipment lifecycles and parts procurement. This acquisition is expected to improve customer experience and operational efficiency, supporting around $1 billion in annual transaction volume across a wide range of OEM brands. SmartEquip will operate as a standalone entity while leveraging Ritchie Bros.' global customer base for growth.
Ritchie Bros. auctioned over 7,600 items in Edmonton, generating a gross transaction value exceeding CA$85 million (US$69 million) from 17,700+ bidders across 61 countries. The auction, held from October 26 to 28, saw 90% of the items purchased by Canadians, with strong interest in oil and gas equipment. Notable sales included a 2018 Kenworth T800 for CA$505,000 and a 2007 Caterpillar D8T for CA$315,000. The company plans to sell more than 40,000 items in upcoming events, highlighting the robust demand for equipment amid tight supply.
Ritchie Bros. is gearing up for its annual Orlando auction from February 21-26, 2022. This event marks the return of live bidding after two years. Record demand in the market has led to rising prices, with truck tractor prices soaring 46% year over year. The auction expects to attract over 22,000 bidders globally, promoting strong pricing across asset categories. Consignors can pre-list items on Marketplace-E, with unsold items transitioning directly to the February auction. Last year's event generated over $191 million in gross transaction value, highlighting the auction's significance.
Ritchie Bros has launched RitchieList.com, a user-friendly self-serve listing service for selling equipment privately. This platform allows sellers to have greater control, setting their own prices and managing transactions securely. The service includes features like inventory management, data analytics, and access to Ritchie Bros' global network of buyers. The company aims to streamline the selling process, making it accessible for individual sellers and equipment dealers alike. A webinar about Ritchie List will be held on October 25.
Ritchie Bros. Auctioneers (NYSE: RBA) announces the appointment of Lisa Hook to its Board of Directors effective November 1, 2021. Lisa brings extensive experience in transforming and scaling businesses through technology. Erik Olsson, Chairman, expressed confidence in her valuable perspective, while Ann Fandozzi, CEO, highlighted her role in achieving the company’s strategic vision. Hook has held pivotal roles at major firms and is currently involved with several other boards.
On November 3, Ritchie Bros will host a significant online crane auction in Decatur, Alabama. The auction includes over 220 items from Sparks Industrial, featuring 38 cranes like a 2013 Grove GML7550 550-ton all-terrain crane and a 2020 GMK5250XL 300-ton crane. There will be no minimum bids or reserve prices. Interested buyers can inspect the machinery from October 18 at Sparks Industrial’s yard or view online via high-resolution images. This event promises a rare chance to acquire high-quality cranes.
The recent Ritchie Bros. Rocky Mountain online auction, held on October 6-7, attracted over 11,200 bidders from 62 countries, competing for more than 2,900 items. This event generated more than US$41 million in gross transaction value. Approximately 93% of the assets were sold to U.S. buyers. The auction saw a significant rise in pre-auction interest, with a 96% increase in online views and a 48% increase in watchlist additions compared to the previous event. Notable items included a Caterpillar motor scraper selling for US$415,000.
Ritchie Bros. (NYSE: RBA) will host its third quarter 2021 earnings conference call on November 5, 2021, at 11:00 a.m. ET. The earnings results will be released after market close on November 4, 2021. Analysts can join via established conference call lines, while interested parties can listen through a webcast available on their investor page. Presentation slides will accompany the call, and a replay will be accessible until December 5, 2021.
Established in 1958, Ritchie Bros. is a global leader in asset management and disposition solutions.
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