secwatch / observer
8-K filed February 23, 2024, 6:59 PM ET ticker RBA CIK 0001046102
leadership confidence high sentiment negative materiality 0.75

RB Global Q4 revenue up 134% to $1.0B; director resigns citing strategic short-term focus

RB GLOBAL INC.

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Ann Fandozzi

Member of the Board of Directors
RBA · RB GLOBAL INC.
Effective
2024-02-21
Filed
February 23, 2024, 6:59 PM ET
On February 21, 2024, the Company received an email from Ann Fandozzi tendering her resignation as a member of the Board of Directors (the “Board”) of the Company, effective immediately.

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. updated its Year ended December 31, 2024 guidance (initiated).

Period
Year ended December 31, 2024
Guidance
initiated
Result
guidance update
Exact text from the filing
The table below outlines the Company's outlook for select full-year 2024 financial data: Year ended December 31, 2024 (in U.S. dollars in millions, except percentages) Low-End High-End GTV growth 4 1% 4% Adjusted EBITDA $1,170 $1,230 Full year 2024 tax rate (GAAP and Adjusted) 25% 28% Capital Expenditures 5 $275 $325
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RB GLOBAL INC. reported three months ended December 31, 2023 results: revenue $1.0 billion, net income $84.2 million, EPS $0.41 per share.

Period
three months ended December 31, 2023
Revenue
$1.0 billion
Net income
$84.2 million
EPS
$0.41 per share
Result
reported results
Exact text from the filing
160% year-over-year to $4.0 billion, which includes $2.2 billion from the impact of the acquisition of IAA, Inc. (“IAA”). • Total revenue increased 134% year-over-year to $1.0 billion, which includes $559.2 million from the impact of the acquisition of IAA. • Service revenue increased 197% year-over-year to $809.1 million, which includes $488.0 million from
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Ann Fandozzi resigned as Member of the Board of Directors at RB GLOBAL INC..

Action
resigned
Role
Member of the Board of Directors
Exact text from the filing
On February 21, 2024, the Company received an email from Ann Fandozzi tendering her resignation as a member of the Board of Directors (the “Board”) of the Company, effective immediately.
View on SEC.gov

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RB GLOBAL INC. filing history →

Source: SEC EDGAR
accession 0001628280-24-006513
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