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) is a globally renowned asset management and disposition company established in 1958 and headquartered in Westchester, Illinois. Specializing in the buying and selling of used heavy equipment, trucks, and other assets, RB Global offers comprehensive end-to-end solutions across various sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry.
RB Global operates through multiple selling channels:
- Ritchie Bros. Auctioneers: The world's largest industrial auctioneer providing live auction events with online bidding.
- IronPlanet: An online marketplace featuring weekly auctions and offering IronClad Assurance® equipment condition certification.
- Marketplace-E: An online marketplace providing multiple price and timing options.
- Mascus: A leading European online equipment listing service.
- Ritchie Bros. Private Treaty: Offering privately negotiated sales.
Additionally, RB Global caters to specific sectors through GovPlanet, TruckPlanet, and Kruse Energy Auctioneers.
The company has expanded its reach by merging with IAA, a major global digital marketplace connecting vehicle buyers and sellers. Through this collaboration, RB Global continues to enhance its omnichannel marketplace, providing value-added insights, services, and transaction solutions for commercial assets and vehicles. RB Global serves customers in more than 170 countries through auction sites in 14 countries and a robust digital platform.
RB Global is known for its massive auction events, including the record-setting 2024 global auction in Orlando with over 16,500 items and generating over $258 million in gross transaction value (GTV). Another notable event was the Edmonton auction, which set a new Canadian record with nearly CAD $250 million in GTV.
Recent achievements include strategic market alliances such as the one with Lion Trans in Georgia and Baltic Auto Shipping in Lithuania, aimed at increasing market share and improving global customer experience. RB Global's portfolio also includes Rouse Services, SmartEquip, Xcira, and VeriTread, which provide asset management, data-driven intelligence, and live auction technology solutions.
As part of its financial performance, RB Global consistently delivers solid growth, with a notable reduction in leverage and strong quarterly earnings. The company declared a quarterly cash dividend of $0.27 per common share, reflecting its commitment to shareholders.
RB Global's dedication to innovation, strategic growth, and operational excellence makes it a significant player in the global marketplace for commercial assets and vehicles.
Ritchie Bros. held a successful online auction in Edmonton from October 28 to 31, selling over 9,200 items for more than CA$110 million (US$83 million). The event attracted 18,945 bidders, up 49% from the previous year, highlighting strong demand. Approximately 91% of purchases were made by Canadian buyers, with notable sales including a CA$1.16 million agricultural property and a CA$600,000 motor grader. Ritchie Bros. is experiencing notable momentum in Western Canada, aided by safe onsite practices and a well-organized online bidding process.
Ritchie Bros. Auctioneers (NYSE: RBA) announced an agreement to acquire Rouse Services for approximately $275 million, enhancing its data and analytics offerings. The transaction includes $250 million in cash and $25 million in Ritchie Bros. common stock. Following the acquisition, Rouse will maintain its operations in Los Angeles, focusing on providing data intelligence and performance benchmarking solutions. This acquisition is expected to strengthen Ritchie Bros.' market position and improve customer service through enhanced data products.
Ritchie Bros (NYSE and TSX: RBA) invites stakeholders to its third quarter 2020 earnings conference call on November 6, 2020, at 11:00 a.m. Eastern time. Analysts and institutional investors can participate via a conference call or listen to a live webcast. The company's earnings results will be released after market close on November 5, 2020. Presentation slides will accompany the call and will be available online. A replay will be accessible until December 6, 2020.
On October 19, 2020, Ritchie Bros. announced record-breaking results from its online auction in Chilliwack, BC, achieving a gross transactional value of CA$34 million (US$26 million), surpassing previous records by 39%. Over 6,400 bidders from 44 countries participated, with 89% of items sold to Canadian buyers. Highlights included sales of significant forestry equipment, such as a Tigercat log loader for CA$670,000. The auction attracted 375 consignors, indicating strong demand and successful online transition amidst COVID-19 challenges.
Ritchie Bros. has released its October Market Trends report, highlighting equipment sales trends and pricing data. The report reveals that prices across most categories in the US and Canada are stable, with significant details on winch tractor sales, which increased by 21% in the first half of 2020 compared to 2019. The October report also includes an asset depreciation curve for the Kenworth T800 winch truck. Furthermore, it emphasizes that used heavy equipment prices remain steady at ±1.5% year over year in both countries. For full insights, the detailed report is available for download.
Ritchie Bros conducted a significant auction in Fort Worth, Texas, selling over 5,200 equipment items and trucks for a total of more than US$68 million. The auction, which took place on September 29-30, 2020, saw participation from over 11,300 bidders across 72 countries, with 64% of buyers coming from outside Texas. Highlights included the sale of 650 truck tractors, with robust pricing. Notable sales included a Link-Belt crawler crane for US$340,000 and a Caterpillar dozer for US$250,000. Ritchie Bros is set for another auction in Houston on November 10-11, 2020.
Ritchie Bros. conducted four successful online U.S. regional auctions in September 2020, attracting over 30,000 bidders and selling more than 16,250 items for over US$87 million. The Heartland Regional Auction alone generated US$42+ million, while the Midwest auction brought in US$45+ million, both seeing a significant increase in bidder participation. The company is leveraging digital expertise to enhance marketplace access for consignors and buyers, setting new attendance records and drawing strong interest from around the globe.
Ritchie Bros. held an online auction from September 9-12, 2020, in Edmonton, attracting over 16,000 bidders from 49 countries, an increase of 11% from the previous year. The auction resulted in a total gross value of CA$91+ million (US$69+ million) from nearly 10,000 sold items. Canadian bidders accounted for 91% of the purchases, highlighting robust local demand. The auction featured a diverse range of equipment from 1,200+ consignors. Ritchie Bros. aims to continue this upward trend with future sales, including an upcoming auction scheduled for October 28-30, 2020.
Ritchie Bros. released its September 2020 Market Trends report, providing insights into equipment pricing trends based on extensive transaction data. The report indicates a general decline in prices across various categories, with used heavy equipment prices down approximately 1% year-over-year in both the USA and Canada. Truck tractors saw a larger decline, with a 4% decrease in the USA. Despite these declines, the report suggests that most groups are experiencing moderating deflation or price parity. The company continues to emphasize its unique data analysis capabilities in the used equipment market.
Ritchie Bros. has obtained bankruptcy court approval to auction off hundreds of truck tractors belonging to BJ Services, North America’s largest pressure pumping services company. The assets will be featured in a significant sale at the Fort Worth auction scheduled for September 29-30, 2020. Ritchie Bros. anticipates high demand for these well-maintained vehicles, highlighting their expertise in asset management and diverse sales channels.
FAQ
What is the current stock price of RB Global Ord Shs (RBA)?
What is the market cap of RB Global Ord Shs (RBA)?
What services does RB Global, Inc. provide?
What sectors does RB Global operate in?
What are the main selling channels of RB Global?
What is IronClad Assurance®?
Where does RB Global operate its auction sites?
What recent strategic alliances has RB Global formed?
How does RB Global support different sectors with specific needs?
What notable events has RB Global hosted recently?
What is RB Global's approach to innovation and technology?
What financial performance highlights has RB Global achieved?
