RB Global (RBA) Q3 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 4, 2026 astatine 12:12 PM CDT 25 min read

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DATE

Thursday, Nov. 6, 2025 astatine 4:30 p.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — James Kessler

• Chief Financial Officer — Eric Guerin

• Chief Strategy Officer — Sameer Rathod

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Full Conference Call Transcript

James Kessler: Thanks, Sameer, and bully day to everyone joining the call. To begin, I privation to admit the disciplined execution and committedness of our teammates. Their show underpins our quality to consistently overdeliver connected our operational and fiscal commitments, portion advancing our strategical priorities that presumption america for semipermanent shareholder worth creation. Our disciplined execution was evident again successful the quarter, with adjusted EBITDA expanding 16% connected a 7% summation successful gross transactional value. Starting with the automotive sector, our momentum continued and portion measurement expanding by 9% year-over-year. This marks the 3rd consecutive 4th we person outpaced the market, achieving coagulated year-over-year gains and marketplace share.

On the backmost of this robust performance, we are pleased to denote a important enlargement of our concern with the U.S. General Services Administration oregon GSA, wherever we expect to supply disposition services to astir 35,000 remarketed vehicles connected an annualized tally complaint basis. We person conscionable started receiving vehicles and expect to scope afloat tally complaint successful the 2nd 4th of 2026. Over the past 5 years, we person supported GSA with caller conveyance marshaling, preparing and delivering vehicles for use, portion providing care, custody and power of fleet returns crossed our nationalist network. Under the caller award, our scope extends to remarket and fleet instrumentality vehicles done our marketplace, creating a existent end-to-end solution.

For GSA, this eliminates redundant handoffs and third-party transport from our yards, delivering meaningful outgo savings and operational simplicity. This competitory triumph underscores the spot of our level and the unmatched worth we present to our customers and partners. Specifically, we judge determination are 3 cardinal reasons we secured this caller award: first, the breadth and extent of our marketplace and purchaser base, which drives superior liquidity and pricing; second, the standard and proximity of our U.S. carnal footprint alteration an businesslike one-stop service; and lastly, our proven execution and work prime built implicit 5 years of concern with GSA.

As we beforehand our strategy for remarketed vehicles, Vehicles that are not salvage, we proceed to spot a important integrated maturation tally complaint successful our targeted marketplace segment. The dynamics for this abstraction stay favorable and our differentiated attack grounded successful operational efficiency, spouse alignment and quality to leverage our existent property positions america to seizure incremental share. We are assured our strategy volition proceed to alteration america to deepen engagement with existing partners, portion expanding into adjacent opportunities that complement our halfway capabilities. I americium arrogant to stock that our teammates proceed to implicit present connected our commitments, consistently exceeding work level targets adjacent arsenic we scaled volumes successful the quarter.