Automotive Sector Growth
Unit volume increased by 9% year-over-year, and U.S. insurance average selling prices increased approximately 1% year-over-year.
Strategic Expansion and Partnerships
RB Global welcomed 2 new alliance partners, extended their global footprint, and announced a new joint venture in the U.K. with LKQ Corporation.
J.M. Wood Acquisition
Successfully closed the acquisition of J.M. Wood, enhancing the footprint in Alabama and the broader Southeast United States.
Service Revenue and EBITDA Increase
Service revenue increased 3%, and adjusted EBITDA increased 7% on GTV growth and expansion in the service revenue take rate.
Increased Quarterly Dividend
Increased quarterly dividend approximately 7% to $0.31 per quarter from $0.29 per quarter.