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 has unveiled a free, cloud-based Inventory Management System (IMS) that allows companies to manage their fleet effectively with easy uploads of assets, photos, and detailed information. This mobile-friendly dashboard helps users track asset conditions, request inspections, and streamline the consignment process. The system aims to enhance operational efficiency and transparency while providing critical insights for better decision-making in asset management.
The upcoming Ritchie Bros auction in Orlando, FL from February 15 to 20, 2021, is set to be entirely online, attracting record registrations.
With a 90% increase in equipment views and over $50 billion in buyer purchasing power, this event promises strong demand.
Last year’s auction saw participation from over 18,000 bidders and included more than 13,000 items. New features like video inspections and enhanced bidding options are expected to improve the auction experience.
Ritchie Bros (NYSE: RBA) has declared a quarterly cash dividend of US$0.22 per common share, payable on March 5, 2021, to shareholders of record on February 12, 2021. This dividend qualifies as an eligible dividend for Canadian income tax purposes. The company, established in 1958, provides comprehensive asset management and disposition services across various sectors, including construction and energy, through multiple selling platforms such as live auctions and online marketplaces.
Ritchie Bros (NYSE: RBA) will host its fourth quarter 2020 earnings conference call on February 19, 2021, at 11:00 AM Eastern Time. Results will be released on February 18, 2021, after market close. Analysts can join via a dedicated conference line, and a replay will be available from 2:00 PM Eastern Time on the same day until March 6, 2021. The call will include a discussion of earnings results followed by a Q&A session. Interested parties can access a live webcast and presentation slides during the call.
Ritchie Bros. achieved over US$81 million in sales from 20,000 items at two regional auctions held in December 2020. The Great Lakes Regional auction generated US$40 million and the Northeast Regional event brought in US$41 million, attracting thousands of bidders worldwide. Approximately 91% of items were sold to U.S. buyers. Impressively, the Great Lakes auction received over 663,000 unique pageviews. This marked a successful year despite challenges posed by COVID-19, with Ritchie Bros. utilizing online platforms to enhance buyer engagement.
Ritchie Bros. reports a significant boost in online engagement, with website traffic rising by 35% and online bidder registrations up 71% in 2020. The company plans to host its first 100% online mega auction from February 15 to 20, 2021, amid growing demand due to COVID-19. Over 27 million visits were logged on the website, and active bidders made over 300,000 PriorityBids. The Orlando auction site will remain open for in-person inspections while introducing new features to enhance customer experience.
This week, Ritchie Bros held its final auctions of 2020 in Fort Worth and Edmonton, achieving significant sales amidst the pandemic. The Fort Worth auction generated over US$69 million from 5,000+ items sold, while Edmonton raised US$41 million from 5,500+ items. The auctions saw record bidder participation, with Fort Worth attracting 11,700+ bidders, a 40% increase year-over-year. Online demand for equipment remains strong, resulting in a 64% rise in bidder registrations from Fort Worth in 2020. Overall, both sites demonstrated robust sales and demand despite COVID-19 challenges.
Ritchie Bros. has successfully completed its acquisition of Rouse Services, a firm specializing in data intelligence and performance benchmarking solutions. This strategic move aims to enhance data analytics and service offerings for customers in the industrial equipment sector. CEO Ann Fandozzi stated that combining resources will accelerate growth and improve customer services. Rouse will continue to operate from Los Angeles. The deal is expected to strengthen relationships with fleet owners and lenders, positioning Ritchie Bros. as more than just an auction house.
Ritchie Bros. reported stable excavator pricing in 2020, with median prices at $50,000 in Q1 and $47,000 in Q3. Despite COVID-19, demand surged, with over 15,000 excavators sold in the U.S. for more than $850 million since January 2017. Key brands sold included Caterpillar, Komatsu, and John Deere, with 57% of sales going to out-of-state buyers.
The December Market Trends Summary also revealed steady prices for used heavy equipment and notable increases for truck tractors.
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