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 its Q4 and full-year 2020 results. Net income fell 5% to $48.9 million, while adjusted net income rose 13% to $54.3 million. Total revenue for Q4 increased 15% to $383.4 million. The company saw a 33% rise in inventory sales revenue, with consolidated full-year revenue up 4% to $1.4 billion. The firm acquired Rouse Services at a cost of approximately $275 million. The quarterly dividend was declared at $0.22 per share, payable on March 5, 2021. Overall, the results reflect resilience amid pandemic-induced challenges.
Ritchie Bros. conducted a record-setting online auction in Houston, attracting over 14,900 bidders from 71 countries, reflecting a 68% increase year-over-year. The auction resulted in a gross transaction value exceeding US$47 million, with more than 4,600 items sold. Key auction statistics include a 70% rise in total equipment pageviews and a 112% increase in per lot pageviews compared to last year. Notable sales included a 2000 Liebherr crane sold for US$505,000. Approximately 61% of the equipment was purchased by out-of-state buyers.
Ritchie Bros. is conducting its annual Orlando auction entirely online from February 15 to 20, 2021, due to COVID-19 safety measures. Over 5,000 PriorityBids have already been placed on 12,000 items. The PriorityBid feature allows customers to submit maximum bid amounts secretly, with notifications for outbidding. In-person inspections are available on-site, and enhancements for this year include earlier PriorityBid access and video inspections for some assets. The auction emphasizes convenience and dynamic bidding options for participants.
Ritchie Bros. (NYSE: RBA) announced the departure of Karl Werner, President, International, effective March 31, 2021, after 25 years with the company. Kari Taylor, President, North America Sales, will assume the new role of Chief Revenue Officer to drive global sales growth. CEO Ann Fandozzi expressed gratitude towards Werner for his contributions and confidence in Taylor's leadership to maintain customer focus.
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.
FAQ
What is the current stock price of RB Global Ord Shs (RBA)?
What is the market cap of RB Global Ord Shs (RBA)?
