Recent Updates — RBA
RB Global announced that its board authorized a $500 million increase to its existing share repurchase program, raising the total authorization from $500 million to $1 billion. The Toronto Stock Exchange approved the amendment, allowing the company to repurchase up to 14,224,129 shares, representing approximately 10% of the public float as of March 6, 2026. As of September 11, 2026, RB Global had repurchased 5,363,497 shares at an average price of $93.22 per share under the original program. The amendments are expected to become effective on September 17, 2026, and the normal course issuer bid will terminate on March 17, 2027. RB Global operates as a leading omnichannel marketplace providing value-added insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide.
RB Global reported second quarter 2026 financial results, announcing a dividend increase and updated full-year guidance. On July 21, 2026, the company declared a quarterly cash dividend of $0.33 per common share, payable on September 17, 2026, to shareholders of record on August 25, 2026. For the quarter ended June 30, 2026, total revenue increased 11% year over year to $1.3 billion, driven by an 11% rise in gross transaction value to $4.7 billion and a 28% increase in inventory sales revenue. Net income available to common stockholders rose 33% to $132.0 million, with diluted earnings per share increasing 34% to $0.71. The company repurchased approximately 1.5 million shares for $150.0 million during the quarter and raised its full-year adjusted EBITDA outlook to a range of $1,495 million to $1,545 million. RB Global operates as an omnichannel marketplace providing transaction solutions and value-added insights for buyers and sellers of commercial assets and vehicles worldwide.