RB Global, Inc. reported its financial results for the second quarter of 2025, revealing a total revenue of $1.186 billion, an increase of 8% compared to $1.096 billion in the same period last year. The company's service revenue rose by 3% to $887.2 million, while inventory sales revenue surged by 26% to $298.8 million. Despite the revenue growth, net income decreased slightly by 1% to $109.7 million, with net income available to common stockholders also declining by 1% to $99.5 million. The diluted earnings per share for the quarter was $0.53, down from $0.54 in the prior year.
In terms of operational performance, RB Global's total Gross Transaction Value (GTV) increased by 2% to $4.198 billion in the second quarter, driven primarily by growth in the automotive sector. However, the commercial construction and transportation (CC&T) sector experienced a decline in GTV, attributed to lower unit volumes and ongoing market uncertainty. The company also reported a total of 847,200 lots sold during the quarter, a slight increase from 839,500 lots in the previous year.
Strategically, RB Global completed the acquisition of J.M. Wood Auction Co., Inc. on July 14, 2025, for approximately $235 million, plus $8 million for inventory. This acquisition is expected to enhance the company's geographic coverage and customer base in the United States. Additionally, the company entered into a joint venture with LKQ Europe to provide vehicle parts dismantling and distribution services, which involved a loss on deconsolidation of $15.5 million.
The company’s operational metrics showed a workforce of over 8,000 employees, with approximately 70% based in the United States. RB Global's cash and cash equivalents increased to $710.2 million as of June 30, 2025, up from $533.9 million at the end of 2024. The company also reported a significant increase in auction proceeds payable, which rose to $578.4 million from $378 million, indicating a growing volume of transactions. Looking ahead, RB Global remains focused on integrating its recent acquisitions and expanding its market presence, while navigating the challenges posed by macroeconomic conditions.
About RB GLOBAL INC.
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