The earnings call reflected a balanced view with stable financial performance amidst macroeconomic challenges. While there were notable achievements, such as international growth and a new strategic partnership, the company faced declines in GTV and challenges in key sectors.

Company Guidance

In the RB Global Q3 2024 earnings call, the company provided guidance indicating a nuanced performance across sectors. Despite a 7% decline in total gross transaction value (GTV), the company managed to limit the decline in adjusted EBITDA to less than 1%, highlighting disciplined execution amidst challenging year-over-year comparisons. The commercial construction and transportation sectors experienced a 10% decrease in GTV, mainly due to a 19% growth in lot volumes offset by a decline in average price per lot sold. Conversely, the automotive sector reported a 1% decrease in GTV, with stable unit volumes and a 1% increase in average selling prices for salvage U.S. insurance vehicles. The service revenue take rate expanded by approximately 150 basis points to 21.5%. RB Global also adjusted their EBITDA guidance, increasing the lower end of the range to $1.235 billion, reflecting solid third-quarter results and an ongoing focus on cost efficiency.

Stable Adjusted EBITDA Performance

Adjusted EBITDA declined less than 1% despite a 7% decline in gross transactional value (GTV), demonstrating cost management and efficiency.

Growth in Sales Force

Expanded the North American sales organization by approximately 10% year-over-year to position for future growth.

Strategic Partnership with Suncorp

Secured a multiyear contract with Suncorp Group in Australia, potentially providing up to 65,000 units annually.

International Sales Success

Achieved a record high percentage of vehicles sold to international buyers in the automotive sector.

Service Revenue Take Rate Improvement

Service revenue take rate increased by approximately 150 basis points to 21.5%.

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Ritchie Bros (RBA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RBA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 09, 2018	2018 (Q2)	- / 0.38	0.291	31.26% (+0.09)	―	―
Nov 08, 2018	2018 (Q3)	- / 0.16	0.079	107.89% (+0.09)	―	―
Feb 28, 2019	2018 (Q4)	- / 0.29	0.231	27.71% (+0.06)	―	―
May 09, 2019	2019 (Q1)	- / 0.16	0.142	11.22% (+0.02)	―	―
Aug 08, 2019	2019 (Q2)	0.39 / 0.45	0.382	18.00% (+0.07)	―	―
Nov 07, 2019	2019 (Q3)	0.21 / 0.21	0.165	28.27% (+0.05)	―	―
Feb 27, 2020	2019 (Q4)	0.37 / 0.41	0.294	39.39% (+0.12)	―	―
May 07, 2020	2020 (Q1)	0.20 / 0.20	0.158	28.07% (+0.04)	―	―
Aug 06, 2020	2020 (Q2)	0.35 / 0.50	0.451	11.40% (+0.05)	―	―
Nov 05, 2020	2020 (Q3)	0.27 / 0.40	0.211	88.49% (+0.19)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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RBA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 08, 2024	$89.34	$91.86	+2.82%
Aug 06, 2024	$71.53	$78.16	+9.27%
May 09, 2024	$72.43	$75.95	+4.86%
Feb 23, 2024	$67.93	$76.20	+12.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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