Quarterly ResultMay 4, 2026, 04:18 PM
RB Global Q1 Revenue $1.23B, Net Income $135.6M, EPS $0.67
AI Summary
RB Global Inc. reported strong financial results for the first quarter ended March 31, 2026, with total revenue increasing 11.4% to $1,234.6 million and net income rising 19.7% to $135.6 million. Basic EPS also saw a significant jump to $0.67. The company continued its strategic expansion with a definitive agreement to acquire BigIron for $350.0 million and the completed acquisition of Blackmon Auctions. Additionally, RB Global authorized a $500.0 million share repurchase program and declared a quarterly common stock dividend of $0.31 per share.
Key Highlights
- Total revenue increased 11.4% to $1,234.6 million for Q1 2026, up from $1,108.6 million in Q1 2025.
- Net income rose 19.7% to $135.6 million in Q1 2026, compared to $113.3 million in Q1 2025.
- Basic earnings per share available to common stockholders increased 19.6% to $0.67 from $0.56 year-over-year.
- Net cash provided by operating activities grew 42.9% to $224.1 million in Q1 2026.
- RB Global entered a definitive agreement to acquire BigIron for approximately $350.0 million, expected to close in Q2 2026.
- The company acquired Blackmon Auctions on April 13, 2026, expanding its footprint in the south central U.S.
- A normal course issuer bid was approved to repurchase up to $500.0 million in common shares.
- A quarterly cash dividend of $0.31 per common share was declared, payable on June 18, 2026.