RB Global Earnings Reports

RB Global saw a 10% YoY increase in total revenue, reaching $1,141,600,000 in Q4 2024. Net income rose 41% to $118,400,000, with adjusted EPS growing 16% to $0.95. Service revenue grew 8%, while inventory sales revenue increased 15%, highlighting strong sector performance.

RB Global reported a decrease in total revenue and GTV for Q3 2024, but experienced an increase in net income and diluted earnings per share. The company updated its presentation of disaggregated revenue to align with management's evaluation of financial performance.

RB Global reported a slight decrease in total revenue and GTV, but net income and EPS increased significantly. Service revenue grew, offsetting a decline in inventory sales. The company updated its full-year outlook, projecting continued growth in adjusted EBITDA.

RB Global reported a significant increase in revenue and net income for Q1 2024, primarily driven by the acquisition of IAA. Total revenue increased by 108% year-over-year to $1.1 billion, and net income available to common stockholders increased by 384% to $97.1 million. The company also updated its full-year 2024 outlook for GTV growth and Adjusted EBITDA.

RB Global reported a significant increase in GTV and revenue for Q4 2023, primarily driven by the acquisition of IAA. The company saw substantial growth in service revenue and net income, with diluted earnings per share also increasing. The integration of IAA is progressing, contributing to operational improvements and a broader focus on excellence.

RB Global's Q3 2023 results showcase significant growth, largely attributed to the acquisition of IAA. GTV increased by 185% to $3.9 billion, and total revenue rose by 148% to $1.0 billion. The company is focused on integrating IAA and managing a shift in assignment volume from one of IAA's customers.

RB Global reported strong preliminary second quarter 2023 financial results, with GTV increasing 146% year-over-year to $4.1 billion and total revenue increasing 128% year-over-year to $1.1 billion. Net income increased 63% year-over-year to $86.8 million, and adjusted EBITDA increased 126% year-over-year to $307.8 million. Diluted earnings per share decreased 13% to $0.42 per share, while diluted adjusted earnings per share increased 15% to $0.85 per share.

Ritchie Bros. reported a 30% increase in total revenue to $512.4 million, driven by a 32% increase in GTV to $1.9 billion, which includes the impact of the IAA acquisition. However, net income decreased to a loss of $28.2 million, while diluted adjusted earnings per share increased 24% to $0.57.

Ritchie Bros. reported a 24% increase in total revenue to $443.9 million and a 48% increase in net income to $45.3 million for the fourth quarter of 2022. The company's GTV increased by 6% to $1.5 billion. Diluted earnings per share increased by 48% to $0.40, and diluted adjusted earnings per share increased by 36% to $0.68.

Ritchie Bros. reported a strong third quarter with a 25% increase in total revenue, driven by a 15% increase in service revenue and a 43% increase in inventory sales revenue. Net income increased by 33% and diluted earnings per share increased by 31%.

Ritchie Bros. reported a 22% increase in total revenue to $484.5 million, with service revenue up 13% and inventory sales revenue up 38%. EPS decreased 13% to $0.48, while non-GAAP EPS increased 10% to $0.74. GTV increased 10% to $1.7 billion.

Ritchie Bros. reported a strong first quarter in 2022, with total revenue increasing by 19% to $393.9 million and net income attributable to stockholders increasing by 532% to $178.1 million. The company's GTV also saw a 13% increase, reaching $1.4 billion.

Ritchie Bros. reported a decrease in net income attributable to stockholders by 37% to $30.6 million, and a decrease in total revenue by 6% to $359.4 million for Q4 2021. Despite a challenging supply environment, service revenue grew by 6%.

Ritchie Bros. reported a 1% decrease in total revenue to $329.7 million, with net income decreasing by 29% to $32.3 million and EPS decreasing by 29% to $0.29. However, the company saw strong momentum in growth initiatives, including new satellite yard locations and increased IMS activations.

Ritchie Bros. reported a 2% increase in total revenue to $396.4 million and a 15% increase in net income to $60.7 million compared to Q2 2020. The company's service revenue grew by 8%, while inventory sales revenue decreased by 7%. Total GTV increased by 2% to $1.5 billion.

Ritchie Bros. Auctioneers Incorporated reported a 21% increase in total revenue to $331.6 million and a 24% increase in net income attributable to stockholders to $28.2 million for the first quarter of 2021. The company's GTV grew by 11%, driven by solid performance across all regions.

Ritchie Bros. reported a 15% increase in total revenue to $383.4 million for Q4 2020, driven by a 33% increase in inventory sales revenue. However, net income attributable to stockholders decreased by 5% to $48.9 million, impacted by acquisition-related costs and an unfavorable tax adjustment.

Ritchie Bros. reported a 14% increase in total revenue to $331.5 million and an 80% increase in net income to $45.5 million compared to Q3 2019. The company saw strong GTV growth and a shift to online transactions.

Ritchie Bros. reported a slight decrease in total revenue by 1% to $389.1 million. Net income attributable to stockholders decreased by 2% to $53.0 million, while diluted EPS remained flat at $0.49. The company saw a 14% increase in operating income to $88.8 million.

Ritchie Bros. reported a 10% decrease in total revenue to $273.3 million, driven by a 31% decrease in inventory sales revenue, although service revenue increased by 6%. Net income attributable to stockholders increased by 26% to $22.8 million, with diluted EPS increasing by 24% to $0.21 per share.