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 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.
Ritchie Bros. Auctioneers has announced its premier global auction event in Orlando, FL, scheduled for February 17-21, 2025. The event, which combines live and online bidding, will be held at their 200+ acre facility. The 2024 edition attracted 22,000 buyers from over 80 countries, featuring 16,500 items from more than 1,100 consignors, generating over US$258 million in Gross Transaction Value. The event offers flexible selling options including virtual selling and onsite consignment, while showcasing Ritchie Bros.' core products and additional value-added services.
RB Global, Inc. (NYSE: RBA) (TSX: RBA) has announced the release date for its third-quarter 2024 financial results. The company will unveil its financial performance before the market opens on Friday, November 8, 2024. Following the release, RB Global will host a conference call at 8:30 a.m. Eastern time to discuss the results.
Analysts and institutional investors can pre-register for the conference call using a provided link. Registered participants will receive email details with dial-in information. Additionally, a live audio webcast and archived replay of the call will be accessible through the Event & Presentation section of RB Global's Investor Relations website.
RB Global, Inc. (NYSE: RBA) (TSX: RBA) has appointed Steve Lewis as Chief Operating Officer, effective Sept. 3, 2024. Lewis brings extensive experience in operations and supply chain management, with a focus on driving business growth through operational excellence. Previously, he served as Division President at GXO Logistics and held leadership positions at XPO Logistics and Penn Power Group. Lewis is also a retired U.S. Naval Officer with over 20 years of operations and supply chain experience.
CEO Jim Kessler expressed confidence in Lewis's ability to add significant value to the leadership team and support RB Global's focus on partners and operational excellence. Lewis stated his commitment to delivering on the company's mission of operational excellence to drive growth and create value for customers, clients, partners, and team members.
RB Global (NYSE & TSX: RBA) reported solid Q2 2024 results, with net income available to common stockholders increasing 30% year-over-year to $100.7 million. Despite a 1% decrease in GTV to $4.1 billion, the company saw a 7% increase in service revenue to $859.1 million and an 11% rise in Adjusted EBITDA to $342.0 million. Diluted earnings per share grew 29% to $0.54, while diluted adjusted EPS rose 15% to $0.94. The company has updated its full-year 2024 outlook, projecting GTV growth of 0% to 2% and Adjusted EBITDA between $1,220 to $1,270 million. RB Global also announced a 7% increase in quarterly dividend to $0.29 per share.
RB Global (NYSE: RBA) (TSX: RBA) will release its second-quarter financial results for 2024 on August 6, 2024, before the market opens. The company has also scheduled a conference call to discuss the results at 8:30 a.m. Eastern time on the same day.
Analysts and institutional investors can pre-register for the call through a provided link, receiving event reminders and access details via email. The live audio webcast and an archived replay will be available on RB Global's Investor Relations website.