Ritchie Bros. prelim Q4 & FY22: GTV $6.0B, net income ~$319M, IAA deal pending

RB GLOBAL INC.

2022-FY EPS reported $2.86 revenue$1,733,808,000

FY22 preliminary GTV ~$6.0B, revenue ~$1.7B, net income $317-320M, adj. EBITDA $461-465M.
Q4 2022 preliminary GTV ~$1.5B, revenue ~$444M, net income $42-45M, adj. EBITDA $118-122M.
Short/long-term debt ~$610M, net debt ~$116M; cash generation remains strong.
CEO Ann Fandozzi cites strong finish and anticipates closing of IAA transaction.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RB GLOBAL INC. reported the fiscal year ended December 31, 2022 results: revenue approximately $1.7 billion, net income approximately $317 million to $320 million.

Period: the fiscal year ended December 31, 2022
Revenue: approximately $1.7 billion
Net income: approximately $317 million to $320 million
Result: preliminary results

Exact text from the filing

For the year ended on December 31, 2022, the Company expects the following: · Gross transaction value (“GTV”) 1 of approximately $6.0 billion · Total revenue of approximately $1.7 billion · Net income of approximately $317 million to $320 million · Adjusted EBITDA 2 of approximately $461 million to $465 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RB GLOBAL INC. reported the fourth quarter ended December 31, 2022 results: revenue approximately $444 million, net income approximately $42 million to $45 million.

Period: the fourth quarter ended December 31, 2022
Revenue: approximately $444 million
Net income: approximately $42 million to $45 million
Result: preliminary results

Exact text from the filing

For the quarter ended on December 31, 2022, the Company expects the following: · GTV of approximately $1.5 billion · Total revenue of approximately $444 million · Net income of approximately $42 million to $45 million · Adjusted EBITDA of approximately $118 million to $122 million

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Source: SEC EDGAR

accession 0001104659-23-019022

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