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. Auctioneers (NYSE: RBA, TSX: RBA) announced the appointment of Kevin Geisner as the new Chief Strategy Officer (CSO). He will focus on steering the company's corporate strategy, corporate development activities, and enhancing data analytics and market insights. Geisner, with 30 years of experience including leadership roles at Amazon and Microsoft, aims to drive sustainable growth and digital innovation at Ritchie Bros. Under CEO Ann Fandozzi, the company is poised to leverage its scale to improve customer experience and value creation.
Ritchie Bros. Auctioneers (NYSE: RBA) reported Q2 2020 results with a 2% dip in net income to $53.0 million, and flat diluted EPS at $0.49. Total revenue decreased 1% to $389.1 million, with service revenue remaining largely unchanged at $234.1 million. Operating income rose 14% to $88.8 million, while adjusted diluted EPS increased 10% to $0.54, excluding a $6.2 million tax expense. The company declared a quarterly cash dividend of $0.22 per share and authorized a $100 million share repurchase program. Cash on hand was $538 million at the end of Q2.
Ritchie Bros. held a successful summer auction in Fort Worth, TX from July 28-29, 2020, attracting over 10,800 bidders from 60 countries, a 108% increase from the previous year. The auction saw sales exceeding US$58 million with over 4,400 equipment items sold. Approximately 91% of the equipment was purchased by U.S. buyers, with notable sales including three Caterpillar D8T dozers for US$665,000. Ritchie Bros. plans to continue online-only auctions to ensure safety amidst COVID-19.
Ritchie Bros (NYSE: RBA) will hold its second quarter 2020 earnings conference call on August 7, 2020 at 11:00 a.m. ET. The earnings results will be released on August 6, 2020, after market close. This call will provide analysts and institutional investors an opportunity to discuss financial results and ask questions. Interested parties can listen via a conference call or webcast. A replay will be available until September 7, 2020. For more details, visit the Ritchie Bros. investor relations page.
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Ritchie Bros. has released its July 2020 Market Trends report, indicating a moderate decline in equipment prices across key sectors in the U.S. and Canada. The report highlights a year-over-year price drop of approximately 3% for used heavy equipment in the U.S. and 1% in Canada. Truck tractors saw an 8% decline in the U.S. and 5% in Canada. Despite these declines, the rate has moderated, suggesting stability in the market. Major markets include Texas, California, and Alberta. This insight is part of Ritchie Bros.' comprehensive asset management solutions.
Ritchie Bros set a record with over 35,000 equipment items sold in 29 online auctions from June 22-26, generating total gross transaction proceeds exceeding US$295 million. The auctions attracted more than 80,000 bidders from over 64 countries, showcasing global participation despite the pandemic. Highlights include significant sales in Houston (US$43 million), Northeast Regional (US$47 million), and Edmonton (US$69 million). The company's online platforms received over 2.5 million visits during this record-breaking week, reinforcing its strong market position.
Ritchie Bros. is set to conduct its largest auction week ever from June 22-26, featuring over 35,000 equipment items across 29 auctions in five countries, including the U.S., Canada, France, Germany, and Australia. Key highlights include auctions in Houston and Edmonton, featuring items like a 2015 Tadano crane and 2018 Caterpillar dozers. The auctions are entirely online, catering to increased demand for liquidity during the pandemic. Additionally, there will be special regional auctions and timed auctions in multiple locations.
Ritchie Bros. Auctioneers is hosting an online-only auction on June 23-24, featuring over 5,900 items from four locations including North East, MD, and Pittsburgh, PA. The event aims to enhance buyer convenience and seller benefits by combining multiple auctions into one. Highlights include 440+ truck tractors, 135+ excavators, and 130+ aerial work platforms, with no minimum bids or reserve prices. This event marks a significant expansion in auction offerings, expected to see high bidder participation.