• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    RB Global reports fourth quarter and full year 2024 results

    2/18/25 4:05:00 PM ET
    $RBA
    Business Services
    Consumer Discretionary
    Get the next $RBA alert in real time by email

    RB Global, Inc. (NYSE &, TSX:RBA, the "Company", "RB Global", "we", "us", "their", or "our") reported the following results for the three months and year ended December 31, 2024.

    "I am proud of everything the RB Global team accomplished in 2024," said Jim Kessler, CEO of RB Global. "We made significant progress on our strategic priorities, and we have a firm foundation by which we expect continued long-term growth and value creation."

    Commenting on the results, Eric J. Guerin, Chief Financial Officer, said, "I am pleased with the financial discipline we've instilled as a team. This past year we have enhanced our operational efficiency, made strategic investments in long-term growth opportunities, and significantly reduced our leverage."

    Fourth Quarter Financial Highlights1,2,3:

    • Total gross transaction value ("GTV") increased 2% year over year to $4.1 billion.
    • Total revenue increased 10% year over year to $1.1 billion.
      • Service revenue increased 8% year over year to $875.5 million.
      • Inventory sales revenue increased 15% year over year to $266.1 million.
    • Net income increased 41% year over year to $118.4 million.
    • Net income available to common stockholders increased 44% year over year to $107.8 million.
    • Diluted earnings per share available to common stockholders increased 41% to $0.58 per share.
    • Diluted adjusted earnings per share available to common stockholders increased 16% year over year to $0.95 per share.
    • Adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA") increased 13% year over year to $346.0 million.

    2025 Financial Outlook

    The table below outlines the Company's outlook for select full-year 2025 financial data:

    Year ended December 31, 2025

    (in U.S. dollars in millions, except percentages)

    Low-End

    High-End

    GTV growth

    0%

    3%

    Adjusted EBITDA

    $1,320

    $1,380

    Full year tax rate (GAAP and Adjusted)

    25%

    28%

    Capital Expenditures4

    $350

    $400

    Year ended December 31, 2025

    The Company has not provided a reconciliation of Adjusted EBITDA outlook for fiscal 2025 to GAAP net income, the most directly comparable GAAP financial measure, because without unreasonable efforts, it is unable to predict with reasonable certainty the amount or timing of non-GAAP adjustments that are used to calculate Adjusted EBITDA, including but not limited to: (a) the net loss or gain on the sale of property plant & equipment or other assets, (b) acquisition-related or integration costs relating to our mergers and acquisition activity, including severance costs, (c) other legal, advisory, restructuring and non-income tax expenses, (d) share-based payments compensation expense which value is directly impacted by the fluctuations in our share price and other variables, and (e) other expenses that we do not believe are indicative of our ongoing operations. These adjustments are uncertain, depend on various factors that are beyond our control and could have a material impact on net income for fiscal 2025.

    1 For information regarding RB Global's use and definition of certain measures, see "Key Operating Metrics" and "Non-GAAP Measures" sections in this press release.

    2 All figures are presented in U.S. dollars.

    3 For the fourth quarter of 2024 as compared to the fourth quarter of 2023.

    4 Capital expenditures is defined as property, plant and equipment, net of proceeds on disposals, plus intangible asset additions

    Additional Financial and Operational Highlights

    (Unaudited)

    Three months ended December 31,

    Year ended December 31,

     

    % Change

     

     

    % Change

    (in U.S. dollars in millions, except EPS and

     

     

    2024 over

     

     

    2024 over

    percentages)

    2024

    2023

    2023

    2024

    2023

    2023

    GTV

    $ 4,101.2

    $ 4,012.0

    2 %

    $ 15,904.8

    $ 13,930.6

    14 %

    Service revenue

    875.5

    809.1

    8 %

    3,363.6

    2,732.5

    23 %

    Service revenue take rate

    21.3 %

    20.2 %

    110bps

    21.1 %

    19.6 %

    150bps

     

     

     

     

     

     

     

    Inventory sales revenue

    $ 266.1

    $ 231.8

    15 %

    $ 920.6

    $ 947.1

    (3) %

    Inventory return

    15.1

    11.6

    30 %

    56.8

    53.5

    6 %

    Inventory rate

    5.7 %

    5.0 %

    70bps

    6.2 %

    5.6 %

    60bps

     

     

     

     

     

     

     

    Net income

    $ 118.4

    $ 84.2

    41 %

    $ 412.8

    $ 206.0

    100 %

    Net income available to common stockholders

    107.8

    74.8

    44 %

    372.7

    174.9

    113 %

    Adjusted EBITDA

    346.0

    307.5

    13 %

    1,302.7

    1,032.8

    26 %

    Diluted earnings per share available to common

     

     

     

     

     

     

    stockholders

    $ 0.58

    $ 0.41

    41 %

    $ 2.01

    $ 1.04

    93 %

    Diluted adjusted earnings per share available to

     

     

     

     

     

     

    common stockholders

    $ 0.95

    $ 0.82

    16 %

    $ 3.49

    $ 2.99

    17 %

     

    Revenue

     

     

     

     

     

     

    Three months ended

    December 31,

    Year ended

    December 31,

     

     

     

    % Change

     

     

    % Change

     

    (in U.S. dollars in millions)

     

    2024

     

    2023

    2024 over

    2023

     

    2024

     

    2023

    2024 over

    2023

    Transactional seller revenue

    $ 243.5

    $ 244.7

    0 %

    $ 939.4

    $ 851.7

    10 %

    Transactional buyer revenue

    544.8

    488.7

    11 %

    2,067.1

    1,593.2

    30 %

    Marketplace services revenue

    87.2

    75.7

    15 %

    357.1

    287.6

    24 %

    Total service revenue

    875.5

    809.1

    8 %

    3,363.6

    2,732.5

    23 %

    Inventory sales revenue

    266.1

    231.8

    15 %

    920.6

    947.1

    (3) %

    Total revenue

    $ 1,141.6

    $ 1,040.9

    10 %

    $ 4,284.2

    $ 3,679.6

    16 %

    In the third quarter of 2024, we also updated our presentation of disaggregated service revenue to align to how management evaluates its financial and business performance. The prior year disaggregation of service revenue amounts have been recast to conform with current period presentation.

    For the Fourth Quarter:

    • GTV increased 2% year over year to $4.1 billion with growth primarily in the automotive sector.
    • Service revenue increased 8% year over year to $875.5 million as a result of a higher average service revenue take rate and higher GTV. Service revenue take rate expanded 110 basis points year over year to 21.3% driven by a higher buyer fee rate structure and growth in marketplace services. Growth in marketplace services revenue was driven by an increase in transportation services, primarily in connection with a large consignment contract in the transportation sector in the United States.
    • Inventory sales revenue increased 15% year over year to $266.1 million due to higher revenues from the commercial construction and transportation sector ("CC&T"). Inventory rate expanded 70 basis points year over year to 5.7%, attributable to stronger performance primarily in the automotive sector.
    • Net income available to common stockholders increased to $107.8 million, primarily driven by higher operating income and lower interest expense, partially offset by higher income tax expense.
    • Adjusted EBITDA1 increased 13% year over year driven by a higher service revenue take rate, higher GTV, higher inventory return, partially offset by higher operating expenses.

    GTV by Sector

    Three months ended December 31,

    Year ended December 31,

     

     

     

    % Change

     

     

    % Change

     

    (in U.S. dollars in millions, except percentages)

     

    2024

     

    2023

    2024 over

    2023

     

    2024

     

    2023

    2024 over

    2023

    Automotive

    $ 2,133.9

    $ 2,046.4

    4 %

    $ 8,277.6

    $ 6,531.2

    27 %

    CC&T

    1,413.7

    1,422.8

    (1) %

    5,805.8

    5,446.5

    7 %

    Other

    553.6

    542.8

    2 %

    1,821.4

    1,952.9

    (7) %

    Total GTV

    $ 4,101.2

    $ 4,012.0

    2 %

    $ 15,904.8

    $ 13,930.6

    14 %

    Historically, we presented GTV from the sale of parts in our vehicle dismantling business within our automotive sector and excluded the number of parts sold from our total lots sold metric. Commencing in the second quarter of 2024, management has begun to review the number of parts sold in our vehicle dismantling business within our other sector and as part of our total lots sold metric.

    Lots Sold by Sector

    Three months ended December 31,

    Year ended December 31,

     

    % Change

     

     

    % Change

     

    (in '000's of lots sold, except percentages)

     

    2024

     

    2023

    2024 over

    2023

     

    2024

     

    2023

    2024 over

    2023

    Automotive

    611.1

    572.5

    7 %

    2,297.2

    1,788.4

    28 %

    CC&T

    102.2

    86.9

    18 %

    432.3

    314.5

    37 %

    Other

    157.4

    155.3

    1 %

    617.3

    591.1

    4 %

    Total lots

    870.7

    814.7

    7 %

    3,346.8

    2,694.0

    24 %

    1 For information regarding RB Global's use and definition of this measure, see "Key Operating Metrics" and "Non-GAAP Measures" sections in this press release.

    Reconciliation of Operating Expenses

    (Unaudited)

    The below table reconciles as reported operating expenses by line item to adjusted operating expenses to exclude the impact of adjustments as defined in our Non-GAAP Measures.

    For the three months ended December 31, 2024

    Cost of

    services

    Cost of

    inventory

    sold

    Selling,

    general and

    administrative

    expenses

    Acquisition-

    related and

    integration costs

    Depreciation

    and amortization

    Total

    operating expenses

    (in U.S. dollars in millions)

    As reported (unaudited)

    $ 374.2

    $251.0

    $189.4

    $6.1

    $114.5

    $935.2

    Share-based payments expense

    —

    —

    (15.2)

    —

    —

    (15.2)

    Acquisition- related and integration costs

    —

    —

    —

    (6.1)

    —

    (6.1)

    Amortization of acquired intangible assets

    —

    —

    —

    —

    (68.5)

    (68.5)

    (Loss) on disposition of property, plant and equipment and related costs

     

    —

     

    —

     

    (0.7)

     

    —

     

    —

     

    (0.7)

    Prepaid consigned vehicle charges

    0.7

    —

    —

    —

    —

    0.7

    Other legal, advisory, restructuring and non-income tax expenses

     

    —

     

    —

     

    (1.0)

     

    —

     

    —

     

    (1.0)

    Executive transition costs

    —

    —

    (2.4)

    —

    —

    (2.4)

    Adjusted

    $ 374.9

    $251.0

    $170.1

    $—

    $46.0

    $842.0

    For the year ended December 31, 2024

    (in U.S. dollars in millions)

     

    Cost of

    services

     

    Cost of

    inventory

    sold

     

    Selling,

    general and

    administrative

    expenses

     

    Acquisition-

    related and

    integration costs

     

    Depreciation

    and amortization

     

    Total

    operating expenses

    As reported (unaudited)

    $ 1,415.7

    $ 863.8

    $773.9

    $29.0

    $444.4

    $3,526.8

    Share-based payments expense

    —

    —

    (56.3)

    —

    —

    (56.3)

    Acquisition- related and integration costs

    —

    —

    —

    (29.0)

    —

    (29.0)

    Amortization of acquired intangible assets

    —

    —

    —

    —

    (274.9)

    (274.9)

    (Loss) gain on disposition of property, plant and equipment and related costs

     

    —

     

    —

     

    (2.7)

     

    —

     

    —

     

    (2.7)

    Prepaid consigned vehicle charges

    4.7

    —

    —

    —

    —

    4.7

    Other legal, advisory, restructuring and non-income tax expenses

     

    —

     

    —

     

    (9.3)

     

    —

     

    —

     

    (9.3)

    Executive transition costs

    —

    —

    (6.7)

    —

    —

    (6.7)

    Remeasurements in connection with business combination

     

    —

     

    —

     

    (1.2)

     

    —

     

    —

     

    (1.2)

    Adjusted

    $ 1,420.4

    $863.8

    $697.7

    $—

    $169.5

    $3,151.4

    Upcoming Investor Events

    RB Global will participate in the following investor conferences in the first quarter:

    • Raymond James Institutional Investor Conference, March 4 and 5, Orlando, United States

    Fourth Quarter and Full Year 2024 Earnings Conference Call

    RB Global is hosting a conference call to discuss its financial results for the quarter ended December 31, 2024 at 4:30 PM ET on February 18, 2025. The replay of the webcast will be available through February 1, 2026.

    Conference call and webcast details are available at the following link: https://investor.rbglobal.com

    About RB Global

    RB Global, Inc. (NYSE:RBA) (TSX:RBA) is a leading, omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through our auction sites and digital platform, we have a wide global presence and serve customers across a variety of asset classes, including automotive, commercial transportation, construction, government surplus, lifting and material handling, energy, mining and agriculture. Our marketplace brands include Ritchie Bros., the world's largest auctioneer of commercial assets and vehicles offering online bidding, and IAA, Inc. ("IAA"), a leading global digital marketplace connecting vehicle buyers and sellers. Our portfolio of brands also includes Rouse Services ("Rouse"), which provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip Inc. ("SmartEquip"), an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; and VeriTread LLC ("VeriTread"), an online marketplace for heavy haul transport.

    Forward-looking Statements

    This news release contains forward-looking statements and forward-looking information within the meaning of applicable US and Canadian securities legislation (collectively, "forward-looking statements"), including, in particular, statements regarding future financial and operational results, opportunities, and any other statements regarding events or developments that RB Global believes or anticipates will or may occur in the future. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or statements that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond RB Global's control, including risks and uncertainties related to: the effects of the business combination with IAA, including the Company's future financial condition, results of operations, strategy and plans; potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the merger; the diversion of management time on transaction-related issues; the response of competitors to the merger; the ultimate difficulty, timing, cost and results of integrating the operations of IAA; the fact that operating costs and business disruption may be greater than expected; the effect of the consummation of the merger on the trading price of RB Global's common shares; the ability of RB Global to retain and hire key personnel and employees; the significant costs associated with the merger; the outcome of any legal proceedings that have been or could be instituted against RB Global; the ability of the Company to realize anticipated synergies in the amount, manner or timeframe expected or at all; the failure of the Company to achieve expected operating results in the amount, manner or timeframe expected or at all; changes in capital markets and the ability of the Company to generate cash flow and/or finance operations in the manner expected or to de- lever in the timeframe expected; the failure of RB Global or the Company to meet financial forecasts and/or KPI targets; the Company's ability to commercialize new platform solutions and offerings; legislative, regulatory and economic developments affecting the combined business; general economic and market developments and conditions; the evolving legal, regulatory and tax regimes under which RB Global operates; unpredictability and severity of catastrophic events, including, but not limited to, pandemics, acts of terrorism or outbreak of war or hostilities, as well as RB Global's response to any of the aforementioned factors. Other risks that could cause actual results to differ materially from those described in the forward-looking statements are included in RB Global's periodic reports and other filings with the Securities and Exchange Commission ("SEC") and/or applicable Canadian securities regulatory authorities, including the risk factors identified under Item 1A "Risk Factors" and the section titled "Summary of Risk Factors" in RB Global's most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and RB Global's periodic reports and other filings with the SEC, which are available on the SEC, SEDAR and RB Global' websites. The foregoing list is not exhaustive of the factors that may affect RB Global's forward-looking statements. There can be no assurance that forward- looking statements will prove to be accurate, and actual results may differ materially from those expressed in, or implied by, these forward-looking statements. Forward-looking statements are made as of the date of this news release and RB Global does not undertake any obligation to update the information contained herein unless required by applicable securities legislation. For the reasons set forth above, you should not place undue reliance on forward-looking statements.

    Key Operating Metrics

    We regularly review a number of metrics, including the following key operating metrics, to evaluate our business, measure our performance, identify trends affecting our business, and make operating decisions. We believe these key operating metrics are useful to investors because management uses these metrics to assess the growth of our business and the effectiveness of our operational strategies.

    We define our key operating metrics as follows:

    GTV: Represents total proceeds from all items sold at the Company's auctions and online marketplaces. GTV is not a measure of financial performance, liquidity, or revenue, and is not presented in the Company's consolidated financial statements.

    Inventory return: Inventory sales revenue less cost of inventory sold.

    Inventory rate: Inventory return divided by inventory sales revenue.

    Total lots sold: A single asset to be sold, or a group of assets bundled for sale as one unit. Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots."

    Total service revenue take rate: Total service revenue divided by total GTV.

    GTV and Selected Condensed Consolidated Financial Information

    GTV and Condensed Consolidated Income Statements

    (Expressed in millions of U.S. dollars, except share, per share data and percentages)

    (Unaudited)

    Three months ended December 31,

    Year ended December 31,

     

     

     

    2024

     

     

    2023

     

     

    2024

     

     

    2023

     

    GTV

    $

    4,101.2

     

    $

    4,012.0

     

    $

    15,904.8

     

    $

    13,930.6

     

    Revenue:

     

     

     

     

    Service revenue

    $

    875.5

     

    $

    809.1

     

    $

    3,363.6

     

    $

    2,732.5

     

    Inventory sales revenue

     

    266.1

     

     

    231.8

     

     

    920.6

     

     

    947.1

     

    Total revenue

     

    1,141.6

     

     

    1,040.9

     

     

    4,284.2

     

     

    3,679.6

     

    Operating expenses:

     

     

     

     

    Costs of services

     

    374.2

     

     

    327.1

     

     

    1,415.7

     

     

    1,007.6

     

    Cost of inventory sold

     

    251.0

     

     

    220.2

     

     

    863.8

     

     

    893.6

     

    Selling, general and administrative

     

    189.4

     

     

    197.5

     

     

    773.9

     

     

    743.7

     

    Acquisition-related and integration costs

     

    6.1

     

     

    20.5

     

     

    29.0

     

     

    216.1

     

    Depreciation and amortization

     

    114.5

     

     

    105.3

     

     

    444.4

     

     

    352.2

     

    Total operating expenses

     

    935.2

     

     

    870.6

     

     

    3,526.8

     

     

    3,213.2

     

    Gain on disposition of property, plant and equipment

     

    0.6

     

     

    0.5

     

     

    3.8

     

     

    4.9

     

    Operating income

     

    207.0

     

     

    170.8

     

     

    761.2

     

     

    471.3

     

    Interest expense

     

    (52.7

    )

     

    (64.2

    )

     

    (233.7

    )

     

    (213.8

    )

    Interest income

     

    5.9

     

     

    6.2

     

     

    26.2

     

     

    22.0

     

    Other income (loss), net

     

    0.5

     

     

    1.7

     

     

    (1.7

    )

     

    4.7

     

    Foreign exchange (loss) gain

     

    (0.3

    )

     

    (0.4

    )

     

    (1.9

    )

     

    (1.8

    )

    Income before income taxes

     

    160.4

     

     

    114.1

     

     

    550.1

     

     

    282.4

     

    Income tax expense

     

    42.0

     

     

    29.9

     

     

    137.3

     

     

    76.4

     

    Net income

    $

    118.4

     

    $

    84.2

     

    $

    412.8

     

    $

    206.0

     

     

     

     

     

     

    Net income attributable to:

     

     

     

     

    Controlling interests

    $

    118.5

     

    $

    84.3

     

    $

    413.1

     

    $

    206.5

     

    Redeemable non-controlling interests

     

    (0.1

    )

     

    (0.1

    )

     

    (0.3

    )

     

    (0.5

    )

    Net income

    $

    118.4

     

    $

    84.2

     

    $

    412.8

     

    $

    206.0

     

     

     

     

     

     

    Net income attributable to controlling interests

    $

    118.5

     

    $

    84.3

     

    $

    413.1

     

    $

    206.5

     

    Cumulative dividends on Series A Senior Preferred Shares

     

    (6.7

    )

     

    (6.7

    )

     

    (26.7

    )

     

    (24.3

    )

    Allocated earnings to Series A Senior Preferred Shares

     

    (4.0

    )

     

    (2.8

    )

     

    (13.7

    )

     

    (7.3

    )

    Net income available to common stockholders

    $

    107.8

     

    $

    74.8

     

    $

    372.7

     

    $

    174.9

     

     

     

     

     

     

    Earnings per share available to common stockholders:

     

     

     

     

    Basic

    $

    0.58

     

    $

    0.41

     

    $

    2.03

     

    $

    1.05

     

    Diluted

    $

    0.58

     

    $

    0.41

     

    $

    2.01

     

    $

    1.04

     

     

     

     

     

     

    Weighted average number of shares outstanding:

     

     

     

     

    Basic

     

    184,571,029

     

     

    182,509,436

     

     

    183,958,258

     

     

    166,963,575

     

    Diluted

    186,014,058

    183,895,313

    185,254,557

    168,203,981

    Condensed Consolidated Balance Sheets

     

    (Expressed in millions of U.S. dollars, except share data)

    (Unaudited)

     

    December 31,

    December 31,

     

     

    2024

     

     

    2023

     

    Assets

     

     

    Current assets:

     

     

    Cash and cash equivalents

    $

    533.9

     

    $

    576.2

     

    Restricted cash

     

    174.9

     

     

    171.7

     

    Trade and other receivables, net of allowance for credit losses of $4.9 and $3.3 respectively

     

    709.4

     

     

    731.5

     

    Prepaid consigned vehicle charges

     

    67.9

     

     

    66.9

     

    Inventory

     

    121.5

     

     

    166.5

     

    Other current assets

     

    77.0

     

     

    91.2

     

    Income taxes receivable

     

    30.2

     

     

    10.0

     

    Total current assets

     

    1,714.8

     

     

    1,814.0

     

    Property, plant and equipment, net

     

    1,275.4

     

     

    1,200.9

     

    Operating lease right-of-use assets

     

    1,529.1

     

     

    1,475.5

     

    Other non-current assets

     

    98.4

     

     

    85.6

     

    Intangible assets, net

     

    2,668.7

     

     

    2,914.1

     

    Goodwill

     

    4,511.8

     

     

    4,537.0

     

    Deferred tax assets

     

    8.8

     

     

    10.3

     

    Total assets

    $

    11,807.0

     

    $

    12,037.4

     

     

     

     

    Liabilities, Temporary Equity and Stockholders' Equity

     

     

    Current liabilities:

     

     

    Auction proceeds payable

    $

    378.0

     

    $

    502.5

     

    Trade and other liabilities

     

    782.0

     

     

    685.8

     

    Current operating lease liabilities

     

    113.3

     

     

    118.0

     

    Income taxes payable

     

    26.2

     

     

    8.5

     

    Short-term debt

     

    27.7

     

     

    13.7

     

    Current portion of long-term debt

     

    4.1

     

     

    14.2

     

    Total current liabilities

     

    1,331.3

     

     

    1,342.7

     

    Long-term operating lease liabilities

     

    1,431.1

     

     

    1,354.3

     

    Long-term debt

     

    2,622.1

     

     

    3,061.6

     

    Other non-current liabilities

     

    97.4

     

     

    86.7

     

    Deferred tax liabilities

     

    608.7

     

     

    682.7

     

    Total liabilities

     

    6,090.6

     

     

    6,528.0

     

     

     

     

    Temporary equity:

     

     

    Series A Senior Preferred Shares; shares authorized, issued and outstanding: 485,000,000

     

     

    (December 31, 2023: 485,000,000)

     

    482.0

     

     

    482.0

     

    Redeemable non-controlling interest

     

    8.1

     

     

    8.4

     

    Stockholders' equity:

     

     

    Senior preferred and junior preferred stock, unlimited shares authorized; shares issued and outstanding, other than Series A Senior Preferred Shares: nil (December 31, 2023: nil)

     

     

     

    —

     

     

     

     

     

    —

     

     

    Common stock; no par value, unlimited shares authorized, issued and outstanding shares:

     

     

    184,732,582 (December 31, 2023: 182,843,942)

     

    4,163.1

     

     

    4,054.2

     

    Additional paid-in capital

     

    95.4

     

     

    88.0

     

    Retained earnings

     

    1,090.3

     

     

    918.5

     

    Accumulated other comprehensive loss

     

    (124.8

    )

     

    (44.0

    )

    Stockholders' equity

     

    5,224.0

     

     

    5,016.7

     

    Non-controlling interests

     

    2.3

     

     

    2.3

     

    Total stockholders' equity

     

    5,226.3

     

     

    5,019.0

     

    Total liabilities, temporary equity and stockholders' equity

    $

    11,807.0

     

    $

    12,037.4

     

    Condensed Consolidated Statements of Cash Flows

     

     

    (Expressed in millions of U.S. dollars)

     

     

    (Unaudited)

     

    Year ended December 31,

     

     

     

     

     

    2024

     

     

     

     

     

     

     

     

    2023

     

     

     

    Cash provided by (used in):

     

     

    Operating activities:

     

     

    Net income

    $

    412.8

     

    $

    206.0

     

    Adjustments for items not affecting cash:

     

     

    Depreciation and amortization

     

    444.4

     

     

    352.2

     

    Share-based payments expense

     

    62.4

     

     

    55.8

     

    Deferred income tax benefit

     

    (69.2

    )

     

    (65.8

    )

    Unrealized foreign exchange (gain) loss

     

    (0.4

    )

     

    6.6

     

    Gain on disposition of property, plant and equipment

     

    (3.8

    )

     

    (4.9

    )

    Allowance for expected credit losses

     

    5.1

     

     

    5.9

     

    Loss on redemption of notes

     

    —

     

     

    3.3

     

    Gain on remeasurement of investment upon acquisition

     

    —

     

     

    (1.4

    )

    Amortization of debt issuance costs

     

    12.5

     

     

    10.1

     

    Amortization of right-of-use assets

     

    154.4

     

     

    109.9

     

    Inventory write-downs

     

    14.9

     

     

    7.0

     

    Other, net

     

    (1.3

    )

     

    3.0

     

    Net changes in operating assets and liabilities

     

    (99.8

    )

     

    (143.7

    )

    Net cash provided by operating activities

     

    932.0

     

     

    544.0

     

    Investing activities:

     

     

    Acquisition of IAA, net of cash acquired

     

    —

     

     

    (2,753.9

    )

    Acquisition of VeriTread, net of cash acquired

     

    —

     

     

    (24.7

    )

    Acquisition of Boom and Bucket, net of cash acquired

     

    (8.6

    )

     

    —

     

    Property, plant and equipment additions

     

    (167.4

    )

     

    (227.9

    )

    Proceeds on disposition of property, plant and equipment

     

    2.6

     

     

    32.6

     

    Intangible asset additions

     

    (109.5

    )

     

    (118.3

    )

    Repayment of loans receivable

     

    8.1

     

     

    4.0

     

    Issuance of loans receivable

     

    (24.1

    )

     

    (18.8

    )

    Other, net

     

    (2.7

    )

     

    (1.3

    )

    Net cash (used in) provided by investing activities

     

    (301.6

    )

     

    (3,108.3

    )

    Financing activities:

     

     

    Issuance of Series A Senior Preferred Shares and common stock, net of issuance costs

     

    —

     

     

    496.9

     

    Dividends paid to common stockholders

     

    (206.0

    )

     

    (298.0

    )

    Acquisition of remaining interest in NCI and dividends paid to NCI

     

    —

     

     

    —

     

    Dividends paid to Series A Senior Preferred shareholders

     

    (34.2

    )

     

    (30.4

    )

    Proceeds from exercise of options and share option plans

     

    75.5

     

     

    43.7

     

    Payment of withholding taxes on issuance of shares

     

    (14.8

    )

     

    (15.9

    )

    Net increase (decrease) in short-term debt

     

    14.5

     

     

    (15.5

    )

    Proceeds from long-term debt

     

    —

     

     

    3,175.0

     

    Repayment of long-term debt

     

    (454.4

    )

     

    (654.4

    )

    Payment of debt issue costs

     

    (0.3

    )

     

    (41.7

    )

    Repayment of finance lease and equipment financing obligations

     

    (26.5

    )

     

    (19.2

    )

    Proceeds of equipment financing obligations

     

    2.6

     

     

    37.6

     

    Payment of contingent consideration

     

    (1.9

    )

     

    (1.9

    )

    Net cash (used in) provided by financing activities

     

    (645.5

    )

     

    2,676.2

     

    Effect of changes in foreign currency rates on cash, cash equivalents, and restricted cash

     

    (24.0

    )

     

    10.1

     

    Net (decrease) increase in cash, cash equivalents, and restricted cash

     

    (39.1

    )

     

    122.0

     

    Cash, cash equivalents, and restricted cash, beginning of period

     

    747.9

     

     

    625.9

     

    Cash, cash equivalents, and restricted cash, end of period

    $

    708.8

     

    $

    747.9

     

    Non-GAAP Measures

    (Unaudited)

    This news release references non-GAAP measures. These measures do not have a standardized meaning and are, therefore, unlikely to be comparable to similar measures presented by other companies. The presentation of this financial information, which is not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation of, or as a substitute for, the financial information prepared and presented in accordance with US GAAP.

    Adjusted Net Income Available to Common Stockholders and Diluted Adjusted EPS Available to Common Stockholders Reconciliation

    The Company believes that adjusted net income available to common stockholders provides useful information about the growth or decline of the net income available to common stockholders for the relevant financial period and eliminates the financial impact of adjusting items the Company does not consider to be part of the normal operating results. Diluted adjusted EPS available to common stockholders eliminates the financial impact of adjusting items from net income available to common stockholders that the Company does not consider to be part of the normal operating results.

    Adjusted net income available to common stockholders is calculated as net income available to common stockholders, excluding the effects of adjusting items that we do not consider to be part of our normal operating results, such as share- based payments expense, acquisition-related and integration costs, amortization of acquired intangible assets, executive transition costs and certain other items.

    Net income available to common stockholders is calculated as net income attributable to controlling interests, less cumulative dividends on Series A Senior Preferred Shares and allocated earnings to participating securities.

    Diluted adjusted EPS available to common stockholders is calculated by dividing adjusted net income available to common stockholders by the weighted average number of dilutive shares outstanding, except that it is computed based upon the lower of the two-class method or the if-converted method, which includes the effects of the assumed conversion of the Series A Senior Preferred Shares and the effect of shares issuable under the Company's stock-based incentive plans, if such effect is dilutive.

    The following table reconciles adjusted net income available to common stockholders and diluted adjusted EPS available to common stockholders to net income available to common stockholders and diluted EPS available to common stockholders, which are the most directly comparable GAAP measures in our consolidated financial statements:

    Three months ended December 31,

    Year ended December 31,

    % Change

    %Change

    (in U.S. dollars in millions, except share, per share data, and percentages)

     

     

     

    2024

     

     

     

     

     

    2023

     

     

    2024 over

    2023

     

     

     

    2024

     

     

     

     

     

    2023

     

     

    2024 over

    2023

    Net income available to common stockholders

    $

    107.8

     

    $

    74.8

     

    44

    %

    $

    372.7

     

    $

    174.9

     

    113

    %

    Share-based payments expense

     

    15.2

     

     

    13.8

     

    10

    %

     

    56.3

     

     

    45.5

     

    24

    %

    Acquisition-related and integration costs

     

    6.1

     

     

    20.5

     

    (70

    )%

     

    29.0

     

     

    216.1

     

    (87

    )%

    Amortization of acquired intangible assets

     

    68.5

     

     

    69.6

     

    (2

    )%

     

    274.9

     

     

    226.2

     

    22

    %

    (Gain) loss on disposition of property, plant and equipment and related costs

     

     

     

    —

     

     

     

     

     

    0.2

     

     

     

    NM

     

     

     

     

     

    (1.2

     

    )

     

     

     

    (0.8

     

    )

     

    50

     

    %

    Prepaid consigned vehicle charges

     

    (0.7

    )

     

    (7.3

    )

    (90

    )%

     

    (4.7

    )

     

    (67.0

    )

    (93

    )%

    Loss on redemption of the 2016 and 2021 Notes and certain related interest expense

     

     

     

    —

     

     

     

     

     

    —

     

     

     

    NM

     

     

     

     

     

    —

     

     

     

     

     

    3.3

     

     

     

    NM

     

     

    Other legal, advisory, restructuring and non- income tax expenses

     

     

     

    1.3

     

     

     

     

     

    0.7

     

     

     

    86

     

    %

     

     

     

    13.4

     

     

     

     

     

    2.0

     

     

     

    570

     

    %

    Executive transition costs

     

    2.4

     

     

    2.2

     

    9

    %

     

    6.7

     

     

    12.0

     

    (44

    )%

    Remeasurements in connection with business combinations

     

     

     

    —

     

     

     

     

     

    0.1

     

     

     

    NM

     

     

     

     

     

    1.2

     

     

     

     

     

    (2.9

     

    )

     

    NM

     

     

    Related tax effects of the above

     

    (21.5

    )

     

    (21.2

    )

    1

    %

     

    (91.4

    )

     

    (95.8

    )

    (5

    )%

    Related allocation of the above to participating securities

     

     

     

    (2.5

     

    )

     

     

     

    (2.8

     

    )

     

    (11

     

    %

     

     

     

    (10.1

     

    )

     

     

     

    (11.3

     

    )

     

    (11

     

    %

    Adjusted net income available to common stockholders

     

    $

     

    176.6

     

     

     

    $

     

    150.6

     

     

     

    17

     

    %

     

    $

     

    646.8

     

     

     

    $

     

    502.2

     

     

     

    29

     

    %

    Weighted average number of dilutive shares outstanding

     

     

     

    186,014,058

     

     

     

     

     

    183,895,313

     

     

     

    1

     

    %

     

     

     

    185,254,557

     

     

     

     

     

    168,203,981

     

     

     

    10

     

    %

    Diluted earnings per share available to common stockholders

     

    $

     

    0.58

     

     

     

    $

     

    0.41

     

     

     

    41

     

    %

     

    $

     

    2.01

     

     

     

    $

     

    1.04

     

     

     

    93

     

    %

    Diluted adjusted earnings per share available to

     

     

     

     

     

     

     

     

     

     

    common stockholders

    $

     

    0.95

     

    $

     

    0.82

     

    16

    %

    $

     

    3.49

     

    $

     

    2.99

     

    17

    %

    NM - Not meaningful

    Adjusted EBITDA

    The Company believes adjusted EBITDA provides useful information about the growth or decline of its net income when compared between different financial periods. The Company uses adjusted EBITDA as a key performance measure because the Company believes it facilitates operating performance comparisons from period to period and provides management with the ability to monitor its controllable incremental revenues and costs.

    Adjusted EBITDA is calculated by adding back depreciation and amortization, interest expense, income tax expense, and subtracting interest income from net income, as well as adding back the adjusting items.

    The following table reconciles adjusted EBITDA to net income, which is the most directly comparable GAAP measure in, or calculated from, our consolidated financial statements:

    Three months ended December 31,

    Year ended December 31,

    % Change

    % Change

     

    (in U.S. dollars in millions, except percentages)

     

     

     

    2024

     

     

     

     

     

    2023

     

     

    2024 over

    2023

     

     

     

    2024

     

     

     

     

     

    2023

     

     

    2024 over

    2023

    Net income

    $

    118.4

     

    $

    84.2

     

    41

    %

    $

    412.8

     

    $

    206.0

     

    100

    %

    Add: depreciation and amortization

     

    114.5

     

     

    105.3

     

    9

    %

     

    444.4

     

     

    352.2

     

    26

    %

    Add: interest expense

     

    52.7

     

     

    64.2

     

    (18

    )%

     

    233.7

     

     

    213.8

     

    9

    %

    Less: interest income

     

    (5.9

    )

     

    (6.2

    )

    (5

    )%

     

    (26.2

    )

     

    (22.0

    )

    19

    %

    Add: income tax expense

     

    42.0

     

     

    29.9

     

    40

    %

     

    137.3

     

     

    76.4

     

    80

    %

    EBITDA

     

    321.7

     

     

    277.4

     

    16

    %

     

    1,202.0

     

     

    826.4

     

    45

    %

    Share-based payments expense

     

    15.2

     

     

    13.8

     

    10

    %

     

    56.3

     

     

    45.5

     

    24

    %

    Acquisition-related and integration costs

     

    6.1

     

     

    20.5

     

    (70

    )%

     

    29.0

     

     

    216.1

     

    (87

    )%

    (Gain) loss on disposition of property, plant and equipment and related costs

     

     

     

    —

     

     

     

     

     

    0.2

     

     

     

    NM

     

     

     

     

     

    (1.2

     

    )

     

     

     

    (0.8

     

    )

     

    50

     

    %

    Prepaid consigned vehicle charges

     

    (0.7

    )

     

    (7.3

    )

    (90

    )%

     

    (4.7

    )

     

    (67.0

    )

    (93

    )%

    Other legal, advisory, restructuring and non- income tax expenses

     

     

     

    1.3

     

     

     

     

     

    0.7

     

     

     

    86

     

    %

     

     

     

    13.4

     

     

     

     

     

    2.0

     

     

     

    570

     

    %

    Executive transition costs

     

    2.4

     

     

    2.2

     

    9

    %

     

    6.7

     

     

    12.0

     

    (44

    )%

    Remeasurements in connection with business combinations

     

     

     

    —

     

     

     

     

     

    —

     

     

     

    NM

     

     

     

     

     

    1.2

     

     

     

     

     

    (1.4

     

    )

     

    NM

     

     

    Adjusted EBITDA

    $

    346.0

     

    $

    307.5

     

    13

    %

    $

    1,302.7

     

    $

    1,032.8

     

    26

    %

    NM - Not meaningful

    Adjusted Net Debt and Adjusted Net Debt/Adjusted EBITDA Reconciliation

    The Company believes that comparing adjusted net debt/adjusted EBITDA on a trailing twelve-month basis for different financial periods provides useful information about the performance of its operations as an indicator of the amount of time it would take to settle both the Company's short and long-term debt. The Company does not consider this to be a measure of its liquidity, which is its ability to settle only short-term obligations, but rather a measure of how well it funds liquidity.

    Adjusted net debt is calculated by subtracting cash and cash equivalents from short and long-term debt and long-term debt in escrow. Adjusted net debt/Adjusted EBITDA is calculated by dividing adjusted net debt by adjusted EBITDA.

    The following table reconciles adjusted net debt to debt, adjusted EBITDA to net income, and adjusted net debt/ adjusted EBITDA to debt/ net income, respectively, which are the most directly comparable GAAP measures in, or calculated from, our consolidated financial statements.

    Year ended December 31,

     

    (in U.S. dollars in millions, except percentages)

     

    2024

     

     

    2023

    % Change

    2024 over 2023

    Short-term debt

    $

    27.7

     

    $

    13.7

     

    102

    %

    Long-term debt

     

    2,626.2

     

     

    3,075.8

     

    (15

    )%

    Debt

     

    2,653.9

     

     

    3,089.5

     

    (14

    )%

    Less: cash and cash equivalents

     

    (533.9

    )

     

    (576.2

    )

    (7

    )%

    Adjusted net debt

     

    2,120.0

     

     

    2,513.3

     

    (16

    )%

    Net income

    $

    412.8

     

    $

    206.0

     

    100

    %

    Add: depreciation and amortization

     

    444.4

     

     

    352.2

     

    26

    %

    Add: interest expense

     

    233.7

     

     

    213.8

     

    9

    %

    Less: interest income

     

    (26.2

    )

     

    (22.0

    )

    19

    %

    Add: income tax expense

     

    137.3

     

     

    76.4

     

    80

    %

    EBITDA

     

    1,202.0

     

     

    826.4

     

    45

    %

    Share-based payments expense

     

    56.3

     

     

    45.5

     

    24

    %

    Acquisition-related and integration costs

     

    29.0

     

     

    216.1

     

    (87

    )%

    (Gain) loss on disposition of property, plant and equipment and related costs

     

    (1.2

    )

     

    (0.8

    )

    50

    %

    Prepaid consigned vehicle charges

     

    (4.7

    )

     

    (67.0

    )

    (93

    )%

    Other legal, advisory, restructuring and non-income tax expenses

     

    13.4

     

     

    2.0

     

    570

    %

    Executive transition costs

     

    6.7

     

     

    12.0

     

    (44

    )%

    Remeasurements in connection with business combinations

     

    1.2

     

     

    (1.4

    )

    NM

     

    Adjusted EBITDA

    $

    1,302.7

     

    $

    1,032.8

     

    26

    %

    Debt/net income

    6.4 x

    15.0 x

    (57

    )%

    Adjusted net debt/adjusted EBITDA

    1.6 x

    2.4 x

    (33

    )%

    NM - Not meaningful

    Adjusting items for the year ended December 31, 2024:

    Recognized in the fourth quarter of 2024

    • $15.2 million share-based payments expense.
    • $6.1 million of acquisition-related and integration costs, primarily relating to severance and integration activities in connection with the acquisition of IAA.
    • $68.5 million amortization of acquired intangible assets from acquisitions.
    • $0.7 million relating to a fair value adjustment made to the prepaid consigned vehicle charges on the opening balance sheet of IAA at acquisition.
    • $1.3 million of other legal, advisory, restructuring and non-income tax expenses, including costs incurred with the Canada Revenue Agency's dispute.
    • $2.4 million of estimated executive transition costs, primarily estimated settlement and legal amounts associated with the departure of our former CEO on August 1, 2023.

    Recognized in the third quarter of 2024

    • $9.7 million share-based payments expense.
    • $6.0 million of acquisition-related and integration costs, primarily relating to the acquisition of IAA.
    • $67.9 million amortization of acquired intangible assets from past acquisitions.
    • $0.2 million loss on disposition of property, plant and equipment and related costs, primarily driven by non-cash costs arising from the accounting for the sale of the Bolton property, recorded in selling, general and administrative cost, partially offset by a $0.5 million gain on the disposition of property, plant and equipment.
    • $0.6 million relating to a fair value adjustment made to the prepaid consigned vehicle charges on the opening balance sheet of IAA at acquisition.
    • $2.2 million of other legal, advisory, restructuring and non-income tax expenses, which primarily includes an estimated accrual for the settlement amount of an unusual legal claim recorded in other income (loss), as well as terminated and ongoing transaction costs recorded in selling, general and administrative costs.
    • $0.6 million of estimated executive transition costs, primarily legal costs, associated with the departure of our former CEO on August 1, 2023.
    • $1.2 million of remeasurements in connection with a business combination which relates to the revaluation of a contingent consideration liability for IAA's acquisition of Marisat, Inc. in 2021.

    Recognized in the second quarter of 2024

    • $18.1 million share-based payments expense.
    • $4.1 million of acquisition-related and integration costs, primarily relating to the acquisition of IAA.
    • $69.0 million amortization of acquired intangible assets from past acquisitions.
    • $0.4 million loss on disposition of property, plant and equipment and related costs, primarily driven by non-cash costs arising from the accounting for the sale of the Bolton property, recorded in selling, general and administrative costs.
    • $1.3 million relating to a fair value adjustment made to the prepaid consigned vehicle charges on the opening balance sheet of IAA at acquisition.
    • $7.7 million of other legal, advisory, restructuring and non-income tax expenses, which includes an estimated accrual for a new digital services tax in Canada on certain in-scope revenues earned for the period from January 1, 2022 to June 30, 2024, legal costs in connection with the settlement of an unusual legal claim accrued in the first quarter of 2024, as well as terminated and ongoing transaction costs.
    • $2.0 million of estimated executive transition costs associated with the departure of our former CEO on August 1, 2023, which includes estimated settlement amounts and related costs.

    Recognized in the first quarter of 2024

    • $13.3 million share-based payments expense.
    • $12.8 million of acquisition-related and integration costs primarily relating to the acquisition of IAA.
    • $69.6 million amortization of acquired intangible assets from past acquisitions, of which $61.9 million related to the acquired intangible assets from the acquisition of IAA.
    • $1.8 million gain on disposition of property, plant and equipment and related costs, primarily driven by a $2.2 million gain on a lease modification, offset by non-cash costs arising from the accounting for the sale of the Bolton property, recorded in selling, general and administrative costs.
    • $2.1 million relating to a fair value adjustment made to the prepaid consigned vehicle charges on the opening balance sheet of IAA, which do not have a future benefit at acquisition, and therefore has created a favorable reduction to our cost of services in the quarter.
    • $2.2 million of other advisory, legal and restructuring costs, which primarily includes a $1.9 million loss on the settlement of an unusual legal claim recorded in other income, $0.3 million of terminated and ongoing transaction costs and $0.1 million of costs incurred with the CRA's investigation.
    • $1.7 million of estimated executive transition costs associated with the departures of certain executives on August 1, 2023, which includes severance, estimated settlement amounts and related costs.

    The adjusting items recognized in our prior quarters are discussed in "Part II, Item 7: Management's Discussion and Analysis of Financial Condition and Results of Operations" of our Annual Report on Form 10-K for the year ended December 31, 2023.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250218757724/en/

    For further information, please contact:

    Sameer Rathod | Vice President, Investor Relations and Market Intelligence

    1-510-381-7584 | [email protected]

    Get the next $RBA alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $RBA

    DatePrice TargetRatingAnalyst
    9/5/2024$105.00Outperform
    BMO Capital Markets
    6/18/2024Sector Outperform
    CIBC
    7/20/2023$60.00 → $75.00Mkt Perform → Outperform
    Raymond James
    5/18/2023$61.00Sector Perform → Outperform
    National Bank Financial
    12/5/2022$59.00 → $65.00Sector Perform → Sector Outperform
    Scotiabank
    11/14/2022$65.00Neutral → Buy
    Northcoast
    11/8/2022$74.00 → $55.00Buy → Neutral
    BofA Securities
    11/7/2022Mkt Perform → Outperform
    Barrington Research
    More analyst ratings

    $RBA
    SEC Filings

    See more
    • SEC Form 10-Q filed by RB Global Inc.

      10-Q - RB GLOBAL INC. (0001046102) (Filer)

      5/7/25 4:08:47 PM ET
      $RBA
      Business Services
      Consumer Discretionary
    • RB Global Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits

      8-K - RB GLOBAL INC. (0001046102) (Filer)

      5/7/25 4:03:17 PM ET
      $RBA
      Business Services
      Consumer Discretionary
    • RB Global Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

      8-K - RB GLOBAL INC. (0001046102) (Filer)

      5/6/25 4:41:30 PM ET
      $RBA
      Business Services
      Consumer Discretionary

    $RBA
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • BMO Capital Markets initiated coverage on RB Global with a new price target

      BMO Capital Markets initiated coverage of RB Global with a rating of Outperform and set a new price target of $105.00

      9/5/24 8:21:44 AM ET
      $RBA
      Business Services
      Consumer Discretionary
    • CIBC initiated coverage on RB Global

      CIBC initiated coverage of RB Global with a rating of Sector Outperform

      6/18/24 7:44:16 AM ET
      $RBA
      Business Services
      Consumer Discretionary
    • RB Global upgraded by Raymond James with a new price target

      Raymond James upgraded RB Global from Mkt Perform to Outperform and set a new price target of $75.00 from $60.00 previously

      7/20/23 7:52:18 AM ET
      $RBA
      Business Services
      Consumer Discretionary

    $RBA
    Financials

    Live finance-specific insights

    See more

    $RBA
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • RB Global Reports First Quarter 2025 Results

      RB Global, Inc. (NYSE &, TSX:RBA, the "Company", "RB Global", "we", "us", "their", or "our") reported the following results for the three months ended March 31, 2025. "I want to recognize our teammates' dedication to our partners and customers, particularly in this rapidly evolving macroeconomic environment." said Jim Kessler, CEO of RB Global. "We have not changed our approach and are focused on factors we control to help ensure we are consistently working to overdeliver on our commitments." "We remain committed to advancing our long-term growth strategy by investing in key initiatives that we expect to create lasting value," said Eric J. Guerin, Chief Financial Officer. "Concurrently, w

      5/7/25 4:02:00 PM ET
      $RBA
      Business Services
      Consumer Discretionary
    • RB Global to Report First Quarter 2025 Financial Results and Host Conference Call on May 7, 2025

      RB Global, Inc. (NYSE:RBA) (TSX:RBA) announced today that it will release first-quarter 2025 financial results after the market closes on Wednesday, May 7, 2025. RB Global will host a conference call to discuss its results at 4:30 p.m. Eastern time the same day. Analysts and institutional investors may pre-register to participate in the conference call using the following link: https://registrations.events/direct/Q4I602500. Registered participants will receive an email with a calendar reminder, dial-in number, and conference ID that allows access to the call. The live audio webcast and archived replay can also be accessed at the Event & Presentation section of the RB Global Investor Rela

      4/8/25 5:00:00 PM ET
      $RBA
      Business Services
      Consumer Discretionary
    • IAA Announces New Market Alliance in the United Arab Emirates

      New auction center to expand IAA's customer base in the Middle East RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that IAA has launched a new Market Alliance with Nejoum Al Jazeera in the United Arab Emirates (UAE). This agreement will expand IAA's customer base and increase the visibility of its available vehicles worldwide. "We are excited to expand IAA's global footprint with the announcement of a new Market Alliance in the UAE," said Scott Guenther, Senior Vice President, North America Operations at IAA. "Nejoum Al Jazeera has a strong reputation and team in the

      4/1/25 8:30:00 AM ET
      $RBA
      Business Services
      Consumer Discretionary
    • RB Global Reports First Quarter 2025 Results

      RB Global, Inc. (NYSE &, TSX:RBA, the "Company", "RB Global", "we", "us", "their", or "our") reported the following results for the three months ended March 31, 2025. "I want to recognize our teammates' dedication to our partners and customers, particularly in this rapidly evolving macroeconomic environment." said Jim Kessler, CEO of RB Global. "We have not changed our approach and are focused on factors we control to help ensure we are consistently working to overdeliver on our commitments." "We remain committed to advancing our long-term growth strategy by investing in key initiatives that we expect to create lasting value," said Eric J. Guerin, Chief Financial Officer. "Concurrently, w

      5/7/25 4:02:00 PM ET
      $RBA
      Business Services
      Consumer Discretionary
    • RB Global Reports on Voting Results From the 2025 Annual and Special Meeting of Shareholders

      The Annual and Special Meeting of Shareholders (the "Meeting") of RB Global, Inc. ((the ", Company", , TSX:RBA) was held on May 5, 2025. Each of the matters voted upon at the Meeting is discussed in detail in the Company's Proxy Statement dated March 24, 2025, which can be found on the Company's website at: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001046102/a520564c-c2db-4929-b19a-158d9bdef2c8.pdf. Per TSX reporting requirements, the Company wishes to disclose that the total number of shares represented by shareholders in person and by proxy at the Meeting was 171,979,474 common shares of the Company and 485,000,000 Series A senior preferred shares of the Company, representing approximat

      5/6/25 3:35:00 PM ET
      $RBA
      Business Services
      Consumer Discretionary
    • RB Global to Report First Quarter 2025 Financial Results and Host Conference Call on May 7, 2025

      RB Global, Inc. (NYSE:RBA) (TSX:RBA) announced today that it will release first-quarter 2025 financial results after the market closes on Wednesday, May 7, 2025. RB Global will host a conference call to discuss its results at 4:30 p.m. Eastern time the same day. Analysts and institutional investors may pre-register to participate in the conference call using the following link: https://registrations.events/direct/Q4I602500. Registered participants will receive an email with a calendar reminder, dial-in number, and conference ID that allows access to the call. The live audio webcast and archived replay can also be accessed at the Event & Presentation section of the RB Global Investor Rela

      4/8/25 5:00:00 PM ET
      $RBA
      Business Services
      Consumer Discretionary

    $RBA
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by RB Global Inc.

      SC 13G/A - RB GLOBAL INC. (0001046102) (Subject)

      11/13/24 4:23:21 PM ET
      $RBA
      Business Services
      Consumer Discretionary
    • SEC Form SC 13G/A filed by RB Global Inc. (Amendment)

      SC 13G/A - RB GLOBAL INC. (0001046102) (Subject)

      2/13/24 5:12:22 PM ET
      $RBA
      Business Services
      Consumer Discretionary
    • SEC Form SC 13G filed by RB Global Inc.

      SC 13G - RB GLOBAL INC. (0001046102) (Subject)

      2/13/24 10:04:19 AM ET
      $RBA
      Business Services
      Consumer Discretionary

    $RBA
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Raiss Sarah E. converted options into 2,665 shares, increasing direct ownership by 190% to 4,065 units (SEC Form 4)

      4 - RB GLOBAL INC. (0001046102) (Issuer)

      5/7/25 9:10:15 PM ET
      $RBA
      Business Services
      Consumer Discretionary
    • Director Sieger Michael D converted options into 2,665 shares, increasing direct ownership by 88% to 5,701 units (SEC Form 4)

      4 - RB GLOBAL INC. (0001046102) (Issuer)

      5/7/25 7:34:24 PM ET
      $RBA
      Business Services
      Consumer Discretionary
    • Director Morrison Gregory B converted options into 2,665 shares (SEC Form 4)

      4 - RB GLOBAL INC. (0001046102) (Issuer)

      5/7/25 7:31:56 PM ET
      $RBA
      Business Services
      Consumer Discretionary

    $RBA
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Kessler James Francis bought $75,075 worth of shares (1,250 units at $60.06), increasing direct ownership by 2% to 64,261 units (SEC Form 4)

      4 - RB GLOBAL INC. (0001046102) (Issuer)

      11/14/23 7:26:27 PM ET
      $RBA
      Business Services
      Consumer Discretionary

    $RBA
    Leadership Updates

    Live Leadership Updates

    See more
    • RB Global Appoints Steve Lewis as Chief Operating Officer

      RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced the appointment of Steve Lewis as Chief Operating Officer, effective Sept. 3, 2024. Mr. Lewis brings extensive senior leadership experience in operations and supply chain management, as well as a honed approach to driving business growth through operational excellence. "Steve has a proven track record of developing and deploying operating systems that support profitable growth and performance in a variety of industry verticals worldwide," said Jim Kessler, CEO of RB Global. "His diverse experience, commitment to speed of

      8/28/24 8:45:00 AM ET
      $RBA
      Business Services
      Consumer Discretionary
    • KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

      NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S

      6/7/24 6:09:00 PM ET
      $ADTN
      $ALTR
      $ATNI
      $BMRN
      Telecommunications Equipment
      Utilities
      Computer Software: Prepackaged Software
      Technology
    • RB Global Appoints Nancy King as Chief Technology Officer

      WESTCHESTER, Ill., March 18, 2024 /PRNewswire/ - RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced the appointment of Nancy King as Chief Technology Officer, effective June 3, 2024. Ms. King brings extensive hands-on information technology leadership experience in Fortune 100 organizations. Most recently, she served as the Sr. Vice President of Product Engineering at Target, driving the overall vision, strategy and talent development for product engineering. She joined Target in 2005 and has played a leading role in the retailer's technology transformation and growth, incl

      3/18/24 4:45:00 PM ET
      $RBA
      Business Services
      Consumer Discretionary