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.
RB Global (NYSE: RBA) (TSX: RBA) has announced a definitive agreement to acquire J.M. Wood Auction Co., with the deal expected to close in Q2 2025. The acquisition will expand RB Global's geographic presence in Alabama and adjacent states, particularly in commercial construction and transportation assets sectors.
J.M. Wood, founded in 1973 and headquartered in Montgomery, AL, brings expertise in municipal customers and will continue to operate from its current location. The Wood family and their sales team will join RB Global, maintaining their existing operations while gaining access to RB Global's technology, services, and resources.
Ritchie Bros. Auctioneers successfully concluded its premier global auction event in Orlando, FL, generating over US$250 million in gross transaction value (GTV). The five-day public auction featured 16,000+ equipment items and attracted more than 19,000 bidders from 75+ countries.
U.S. buyers dominated the event, accounting for 88% of purchases, with Floridians representing 23% of total buyers. The remaining 12% went to international buyers from locations including Australia, Singapore, and Israel. Notable sales included a 2007 Liebherr crane for $910,000, a 2023 Cat excavator for $900,000, and a 2020 Kenworth truck for $117,500.
RB Global (NYSE & TSX: RBA) reported strong Q4 2024 results with significant year-over-year improvements. Total revenue increased 10% to $1.1 billion, while net income surged 41% to $118.4 million. Service revenue grew 8% to $875.5 million, and inventory sales revenue rose 15% to $266.1 million.
Key Q4 metrics include a 2% increase in Gross Transaction Value (GTV) to $4.1 billion, and a 41% increase in diluted earnings per share to $0.58. The company's service revenue take rate expanded 110 basis points to 21.3%, driven by higher buyer fee rates and marketplace services growth.
For 2025, RB Global projects GTV growth between 0-3% and Adjusted EBITDA between $1,320-$1,380 million, with capital expenditures expected to range from $350-$400 million.
Ritchie Bros. Auctioneers has announced its premier global auction event in Orlando, scheduled for February 17-21, featuring over 16,000 heavy equipment assets and vehicles. The auction includes 2,000+ construction equipment lots, 1,100+ transport trucks, 70+ units of aggregate equipment, and 400+ lifting and material handling assets.
Bidders can participate in-person, online via rbauction.com, or through Ritchie Bros.' mobile app. Priority bidding and Timed Auction Lot bidding opened February 8. The 200-acre site offers preview days starting February 13, where customers can inspect equipment and connect with the Ritchie Bros. team to explore additional services including financing options, transportation coordination through VeriTread and uShip, and access to Marketplace-E and Boom & Bucket platforms.
RB Global (NYSE and TSX: RBA) has announced a modification to the record date for its previously declared quarterly cash dividend. The record date has been changed from February 6, 2025 to February 14, 2025. The quarterly dividend amount remains at US$0.29 per common share and will be paid on March 3, 2025, as originally scheduled. The dividend qualifies as an eligible dividend for Canadian tax purposes.
RB Global (NYSE and TSX: RBA) has announced a quarterly cash dividend declaration of US$0.29 per common share. The dividend will be paid on March 3, 2025 to shareholders of record as of February 6, 2025. The company noted that this dividend qualifies as an eligible dividend for Canadian income tax purposes.
RB Global (NYSE: RBA) (TSX: RBA) has announced it will release its fourth-quarter and full-year 2024 financial results after market close on Tuesday, February 18, 2025. The company will host a conference call to discuss the results at 4:30 p.m. Eastern time on the same day.
Analysts and institutional investors can pre-register for the conference call through a provided registration link. Registered participants will receive email confirmation with dial-in details and conference ID. The event will also be accessible via live audio webcast, with an archived replay available through RB Global's Investor Relations website.
Hilco Commercial Industrial (HCI) and Ritchie Bros. Auctioneers have been selected to manage the asset sale of Highway Equipment Company, a Pennsylvania-based provider of material handling equipment established in 1933. The sale encompasses over 2,700 assets, including:
- 10+ Mobile Crushing Units
- 15+ Tracked Screening Plants
- 35+ Tracked Excavators
- 20+ Articulated Dump Trucks
- 15+ Crawler Tractors
- 20+ Wheel Loaders
- 30+ Track Loaders
- 40+ Skid Steers
RB Global's subsidiary IAA has announced a new Market Alliance with North America Trading L.L.C. in Oman. Through this strategic partnership, IAA plans to open auction centers in three cities across Oman by the end of 2025. The alliance aims to expand IAA's global buyer base in the Middle East by providing local services and assistance. North America Trading will help IAA connect with new buyers and support local customers in purchasing and importing vehicles tailored to their needs, leveraging IAA's technology.
RB Global reported mixed Q3 2024 financial results with total GTV decreasing 7% to $3.6 billion and total revenue declining 4% to $981.8 million. Despite these declines, net income increased 20% to $76.0 million, and diluted EPS rose 20% to $0.36 per share. Service revenue showed modest growth of 1% reaching $779.9 million, while inventory sales revenue decreased 18% to $201.9 million. The company updated its 2024 outlook, maintaining GTV growth projection at 0-2% and adjusting Adjusted EBITDA range to $1,235-$1,270 million.
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