The earnings call presented a mixed outlook with strong financial discipline and growth in certain areas like automotive and service revenue, but faced challenges in the CC&T sector and macroeconomic uncertainty. The strategic focus on operational efficiency and investment in new markets like Australia is promising, but the impacts of external factors such as the Yellow Corporation bankruptcy and potential tariffs create some headwinds.

Company Guidance

In the RB Global Fourth Quarter 2024 earnings call, the company reported a 13% increase in adjusted EBITDA and a 2% increase in gross transactional value (GTV) for the quarter. The automotive sector saw a 4% increase in GTV, driven by a 7% rise in unit volumes despite a decline in average price per vehicle. The commercial construction and transportation (CC&T) sector experienced a 1% decrease in GTV, influenced by a drop in the average price per lot sold, offset by an 18% rise in lot volumes. Service revenue rose by 8%, with the service take rate increasing by approximately 110 basis points to 21.3%. Adjusted EBITDA as a percentage of GTV improved to 8.4% from 7.7% the previous year. For 2025, RB Global projects full-year GTV growth between 0% and 3% and adjusted EBITDA growth between 1% and 6%, with anticipated capital expenditures ranging from $350 million to $400 million. The company's strategy focuses on premium price performance, expanding its enterprise partner base, and driving growth with regional customers.

Adjusted EBITDA Growth

Fourth quarter adjusted EBITDA increased by 13% on a 2% increase in gross transactional value, showcasing strong financial discipline and operational efficiency.

Automotive Sector Performance

Automotive GTV increased by 4%, driven by a 7% increase in unit volumes, despite a decline in the average price per vehicle sold.

Service Revenue Increase

Service revenue increased by 8% due to a higher service revenue take rate and higher GTV, with the service take rate increasing approximately 110 basis points year-over-year to 21.3%.

Debt Reduction

Solid operational performance and continued debt paydown led to a decline in adjusted net debt to trailing 12 months adjusted EBITDA to approximately 1.6x.

Expansion in Australia

Investment in Australia for Greenfield expansion, with expectations for more wins in the region to drive ROI.

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Ritchie Bros (TSE: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 >

TSE:RBA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 08, 2025	2025 (Q1)	1.18 / -	1.23	―	―	―
Feb 18, 2025	2024 (Q4)	1.12 / 1.35	1.107	22.04% (+0.24)
Nov 08, 2024	2024 (Q3)	0.91 / 0.99	0.996	-0.90% (>-0.01)
Aug 06, 2024	2024 (Q2)	1.19 / 1.30	1.134	14.46% (+0.16)	―
May 09, 2024	2024 (Q1)	0.97 / 1.23	0.768	60.16% (+0.46)
Feb 23, 2024	2023 (Q4)	0.95 / 1.11	0.921	20.20% (+0.19)
Nov 09, 2023	2023 (Q3)	0.67 / 1.00	0.715	39.30% (+0.28)
Aug 03, 2023	2023 (Q2)	0.94 / 1.13	0.956	18.62% (+0.18)
May 10, 2023	2023 (Q1)	0.66 / 0.77	0.599	28.21% (+0.17)
Feb 21, 2023	2022 (Q4)	0.79 / 0.92	0.637	44.58% (+0.28)

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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TSE:RBA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 18, 2025	C$136.94	C$148.93	+8.76%
Nov 08, 2024	C$123.08	C$127.06	+3.23%
Aug 06, 2024	C$102.80	C$107.12	+4.20%
May 09, 2024	C$98.45	C$103.19	+4.81%

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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