Asset auction firm RB Global's Q3 revenue beats expectations

RB Global

06/11/2025 22:02

Overview

RB Global Q3 revenue rose 11% yr/yr to $1.1 bln, beating analyst expectations

Adjusted EPS for Q3 increased 31% yr/yr to $0.93, surpassing consensus estimates

Net income for Q3 increased 25% yr/yr to $95.2 mln, driven by lower tax expenses

Outlook

RB Global revises 2025 GTV growth forecast to 0%-1% from 0%-3%

Company raises 2025 adjusted EBITDA guidance to $1,350 mln-$1,380 mln

Full-year tax rate expected to be 22%-24%, down from 24%-27%

Result Drivers

GTV GROWTH - GTV increased 7% yr/yr to $3.9 bln, driven by broad-based sector strength and acquisition of J.M. Wood

SERVICE REVENUE INCREASE - Service revenue rose 8% yr/yr to $845 mln, aided by higher GTV and increased service revenue take rate

INVENTORY SALES BOOST - Inventory sales revenue grew 23% yr/yr to $247.7 mln, supported by a large CC&T customer disposition and J.M. Wood acquisition

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.1 bln
$1.05 bln (5 Analysts)
Q3 Adjusted EPS
Beat
$0.93
$0.82 (6 Analysts)
Q3 EPS
$0.43
Q3 Net Income
$95.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nBwblhwc7a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)