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.
Ritchie Bros has scheduled its 2021 Orlando auction from February 15 to 20, featuring over 13,000 items. In 2020, their auctions transitioned to 100% online, resulting in a 71% increase in bidder registrations and a 35% rise in website traffic. The company reported over $57 billion in purchasing power among online buyers. The upcoming event is expected to attract global participants, with last year's auction seeing registrations from 85 countries. Interested sellers are encouraged to contact Ritchie Bros for participation.
Ritchie Bros. reported a record-breaking two-day online auction in Houston, generating over US$53 million with more than 11,300 bidders from 67 countries, marking a 39% increase in participation year-over-year. The auction, held solely online due to COVID-19, saw approximately 85% of sales going to U.S. buyers, including 40% from Texas. Significant sales included a 2012 Link-Belt crane sold for US$425,000.
Ritchie Bros. continues to demonstrate strong market demand despite pandemic challenges, with its final Texas auction scheduled for December 8-9, 2020.
Ritchie Bros. achieved record sales in Q3 2020, with over 1,500 forklifts sold in the U.S. for US$10 million. In the past three years, the company has sold over 15,000 forklifts for an aggregate of US$99 million. This surge is attributed to increasing online retail demands and a gap in supply due to production halts during COVID-19. Additionally, the November Market Trends Summary highlights steady equipment prices in the U.S. and Canada, with some categories showing annual price increases. For more details, the report can be accessed via their website.
Ritchie Bros. Auctioneers (NYSE: RBA) reported strong Q3 2020 results, with net income up 80% to $45.4 million and diluted EPS increasing 78% to $0.41. Total revenue rose 14% to $331.5 million, driven by a 25% increase in service revenue. However, inventory sales revenue dipped 2% to $108.9 million. The company launched a $100 million share repurchase program and announced the acquisition of Rouse Services for $275 million. Cash on hand was $590.3 million. The board declared a quarterly dividend of $0.22 per common share, payable on December 16, 2020.
Ritchie Bros. held a successful online auction in Edmonton from October 28 to 31, selling over 9,200 items for more than CA$110 million (US$83 million). The event attracted 18,945 bidders, up 49% from the previous year, highlighting strong demand. Approximately 91% of purchases were made by Canadian buyers, with notable sales including a CA$1.16 million agricultural property and a CA$600,000 motor grader. Ritchie Bros. is experiencing notable momentum in Western Canada, aided by safe onsite practices and a well-organized online bidding process.
Ritchie Bros. Auctioneers (NYSE: RBA) announced an agreement to acquire Rouse Services for approximately $275 million, enhancing its data and analytics offerings. The transaction includes $250 million in cash and $25 million in Ritchie Bros. common stock. Following the acquisition, Rouse will maintain its operations in Los Angeles, focusing on providing data intelligence and performance benchmarking solutions. This acquisition is expected to strengthen Ritchie Bros.' market position and improve customer service through enhanced data products.
Ritchie Bros (NYSE and TSX: RBA) invites stakeholders to its third quarter 2020 earnings conference call on November 6, 2020, at 11:00 a.m. Eastern time. Analysts and institutional investors can participate via a conference call or listen to a live webcast. The company's earnings results will be released after market close on November 5, 2020. Presentation slides will accompany the call and will be available online. A replay will be accessible until December 6, 2020.
On October 19, 2020, Ritchie Bros. announced record-breaking results from its online auction in Chilliwack, BC, achieving a gross transactional value of CA$34 million (US$26 million), surpassing previous records by 39%. Over 6,400 bidders from 44 countries participated, with 89% of items sold to Canadian buyers. Highlights included sales of significant forestry equipment, such as a Tigercat log loader for CA$670,000. The auction attracted 375 consignors, indicating strong demand and successful online transition amidst COVID-19 challenges.
Ritchie Bros. has released its October Market Trends report, highlighting equipment sales trends and pricing data. The report reveals that prices across most categories in the US and Canada are stable, with significant details on winch tractor sales, which increased by 21% in the first half of 2020 compared to 2019. The October report also includes an asset depreciation curve for the Kenworth T800 winch truck. Furthermore, it emphasizes that used heavy equipment prices remain steady at ±1.5% year over year in both countries. For full insights, the detailed report is available for download.
Ritchie Bros conducted a significant auction in Fort Worth, Texas, selling over 5,200 equipment items and trucks for a total of more than US$68 million. The auction, which took place on September 29-30, 2020, saw participation from over 11,300 bidders across 72 countries, with 64% of buyers coming from outside Texas. Highlights included the sale of 650 truck tractors, with robust pricing. Notable sales included a Link-Belt crawler crane for US$340,000 and a Caterpillar dozer for US$250,000. Ritchie Bros is set for another auction in Houston on November 10-11, 2020.