RB Global inventory sales revenue jumps 32%
Construction, transportation GTV increased 27% YoY in Q1
Commercial vehicle marketplace RB Global reported increased revenue in the first quarter, driven by its construction and transportation segment.
The company’s commercial construction and transportation (CC&T) business benefited from a higher average price per lot sold and contributions from acquired auction houses J.M. Wood and Smith Broughton, according to its earnings release today.
The company’s Q1 results reflect “the durability of our operating model and our disciplined execution across the business,” Chief Financial Officer Eric J. Guerin stated in the release.
RB Global, parent company of equipment auctioneer Ritchie Bros., reported in Q1:
- Total revenue rose 11.4% year over year to $1.2 billion;
- Inventory sales revenue surged 31.5% YoY to $336.9 million;
- CC&T gross transaction values (GTV) jumped 27% YoY to $1.6 billion;
- CC&T lots sold totaled 97,800, up 11.6% YoY;
- Total GTV increased 13.4% YoY to $4.3 billion;
- Total lots sold rose 0.3% YoY to 857,500;
- Inventory turn ratio was 9%, compared with 9.8% in Q1 2025; and
- Net income increased 19.7% YoY to $135.6 million.
The fourth annual Equipment Finance Connect, a crucial industry event for equipment lenders and dealers, takes place at the C. Baldwin Hotel in Houston May 18-19. Learn more about the event and register here.
