RB Global Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw 11% GTV and 6% adjusted EBITDA growth, driven by strong automotive and heavy equipment performance and the BigIron acquisition. The 2026 outlook was raised, with continued focus on volume-led growth, operating leverage, and disciplined capital allocation.
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Q1 2026 delivered double-digit adjusted EBITDA and GTV growth, with strong performance in both automotive and CC&T segments. Guidance for 2026 was raised, reflecting confidence in continued market share gains, operational efficiency, and successful M&A execution.
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The meeting saw all board nominees elected, auditors reappointed, and executive compensation approved by strong majorities. A shareholder proposal for hybrid meetings was defeated, and no questions were raised by shareholders.
Fiscal Year 2025
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Q4 saw 4% GTV growth and 10% adjusted EBITDA growth, with strong execution and cost discipline. 2026 guidance calls for 5%-8% GTV growth and 7% adjusted EBITDA growth, supported by new contracts, AI innovation, and international expansion.
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Adjusted EBITDA grew 16% on 7% higher GTV, with strong automotive and CC&T segment performance. Full-year 2025 GTV growth is now expected at 0–1%, and Adjusted EBITDA guidance was raised to $1.35–$1.38 billion, reflecting operational discipline and cost savings.
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Adjusted EBITDA grew 7% on a 2% GTV increase, with strong automotive performance and market share gains. Guidance for GTV is at the lower end, but EBITDA guidance is raised; a 7% dividend increase was announced. Macroeconomic uncertainty and CAT event unpredictability remain key risks.
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Adjusted EBITDA and EPS each declined 1% on a 6% drop in GTV, with automotive GTV up 2% and CC&T down 18%. The company reaffirmed its full-year outlook, expects a stronger second half, and announced the $235M J.M. Wood acquisition and a major U.K. contract win.
Fiscal Year 2024
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Adjusted EBITDA declined less than 1% despite a 7% drop in GTV, with margin expansion and cost controls offsetting volume pressures. Service revenue and international automotive sales grew, and the company secured a major new contract in Australia. Full-year guidance was tightened, with EBITDA outlook raised.
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Service revenue grew 7% and adjusted EBITDA rose 11% year-over-year, with cost synergies of $110 million achieved ahead of schedule. Full-year GTV guidance was lowered, but adjusted EBITDA guidance increased due to strong operating leverage and cost efficiency.