Mining & Metals
RB Global Rises After Q4 Beat; Raises 2026 GTV, EBITDA Outlook
RB Global (RBA.TO) was last seen up 2% in after-hours New York trading after the company on Monday said its first-quarter adjusted profit and revenue beat estimates.Adjusted net income, which excludes most one-time items, rose 17% to US$189.4 million, or US$1.01 per share, from US$165.2 million, or US$0.89. The consensus among analysts polled by FactSet expected US$1.00 per share.Revenue rose 11% year over year to US$1.23 billion, compared to US$1.11 billion in the prior year period, surpassing FactSet analysts estimates of US$1.16 billion. Services revenue stayed flat to US$78.9 million, while inventory sales revenue rose 32% to US$336.9 million, a statement said.For 2026, RB Global expects total gross transaction value growth of 6% to 9%, up from its prior outlook of 5% to 8%. Adjusted EBITDA is projected in the range of US$1.49 billion to US$1.55 billion, compared with earlier guidance of US$1.47 billion to US$1.53 billion."We delivered broad-based GTV growth across all our sectors, underscoring the strength of our growth strategy, the commitment of our teammates, and the value we deliver as trusted partners to our customers," said chief executive Jim Kessler, "our focus remains on what we can control ensuring that we consistently overdeliver on our commitments, particularly in this fluid macroeconomic environment."RB Global was last seen up US$0.13 to US$105.01 after hours. The shares closed up C$0.37 to C$143.09, on the Toronto Stock Exchange.
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