RB Global Inc

Financial Performance Overview: RB Global reported a 6% decline in gross transactional value (GTV) year-over-year in Q1 2025, leading to a 1% decrease in adjusted EBITDA. Despite challenges, adjusted EBITDA as a percentage of GTV improved from 8.1% to 8.6%. Service revenue remained flat due to a higher service revenue take rate (22.3%), which was up 150 basis points year-over-year, partly offsetting GTV declines.

Market Outlook and Guidance: The company maintains its full-year GTV growth forecast of 0% to 3%, indicating expectations for stronger performance in the back half of the year despite ongoing macroeconomic uncertainties. The optimism for recovery is based on anticipated increases in GTV driven by improved operational efficiencies and strategic initiatives.

Acquisition of J.M. Wood: RB Global announced the acquisition of J.M. Wood for approximately $235 million, enhancing its presence in the Alabama market and aligning with its strategic focus on expanding geographical coverage. This acquisition is expected to provide operational synergies and integrate J.M. Wood’s municipal and commercial construction expertise into RB Global’s offerings.