Overview

* RB Global ( RBA ) 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 ( RBA ) 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/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.1 bln $1.05

Revenue bln (5

Analysts

)

Q3 Beat $0.93 $0.82 (6

Adjusted Analysts

EPS )

Q3 EPS $0.43

Q3 Net $95.20

Income 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:

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(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.)