IAA 2022 revenues rise 14% to $2.1B, net income flat at $292.4M; pro forma combined statements filed

RB GLOBAL INC.

IAA FY2022 total revenues of $2.1B, up from $1.84B in FY2021; service revenues $1.69B.
Net income $292.4M ($2.18 diluted EPS) in FY2022, virtually unchanged from $294.4M in prior year.
Operating profit $417M; total assets $3.36B; goodwill $767.5M as of Jan 1, 2023.
Pro forma condensed combined financials as of Dec 31, 2022 included for illustrative purposes.
Acquisition closed March 20, 2023 with IAA shareholders receiving 0.5252 RBA shares + $12.80 cash per share.

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