Welcome to our dedicated page for RB Global news (Ticker: RBA), a resource for investors and traders seeking the latest updates and insights on RB Global stock.
RB Global, Inc. reports developments tied to its omnichannel marketplace for commercial assets and vehicles, including auctions, digital transactions, value-added services and operating results. The company connects buyers and sellers through a global network of auction sites and platforms serving asset classes such as automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture.
Recurring news for RBA includes Ritchie Bros. auction activity, IAA-related vehicle marketplace updates, gross transaction value and revenue commentary, shareholder meeting results, board and governance matters, dividends and share repurchase actions. Company updates also reference marketplace solutions such as Ritchie Bros., IAA, Rouse Services, SmartEquip and VeriTread.
RB Global (NYSE: RBA) (TSX: RBA) has announced it will release its first-quarter 2025 financial results after market close on Wednesday, May 7, 2025. The company will host a conference call at 4:30 p.m. Eastern time on the same day to discuss the results.
Analysts and institutional investors can pre-register for the conference call through a dedicated 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.
RB Global (NYSE: RBA) announced that its subsidiary IAA has established a new Market Alliance with Nejoum Al Jazeera in the United Arab Emirates (UAE). The strategic partnership aims to expand IAA's global presence and increase vehicle visibility worldwide.
Through this alliance, Nejoum Al Jazeera will provide local support and resources to IAA's customers in the UAE, utilizing IAA's bidding platform to streamline vehicle purchasing processes. The partnership focuses on tailoring offerings to local customer preferences and needs, while enhancing the buyer experience in the Middle East region.
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