RB Global, Inc. Authorizes $500M Share Repurchase Program

By Chris Stiles • Monday, March 09 09:43 • Permanent Link

RB Global, Inc. (NYSE: RBA) (TSX: RBA) has announced a new share repurchase program, authorizing the company to repurchase up to US$500 million worth of its common shares. The company intends to make an application for approval of a normal course issuer bid in March 2026.

RB Global, Inc. is a leading omnichannel marketplace and provider of value-added insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. The company operates across various asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining, and agriculture.

In the previous period, RB Global, Inc. did not have an authorized share repurchase program in place.

The company's end-to-end marketplace solutions include Ritchie Bros., IAA, Rouse Services, SmartEquip, and VeriTread.

In the most recent period, RB Global, Inc. reported cash reserves and a senior credit facility that will be used to fund any repurchases made under the share repurchase program.

The company may elect to modify, suspend, or discontinue the share repurchase program at any time.

RB Global, Inc. believes that the repurchase of its common shares at certain market prices may be an attractive and appropriate use of the company’s funds. The decisions regarding the amount and the timing of repurchases will be based on market conditions at the time, the company’s share price, and other strategic investment opportunities available to the company, as well as other factors. Today the company's shares have moved 1.05% to a price of $112.89. For more information, read the company's full 8-K submission here.

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