RB GLOBAL INC.
For the period ended Mar 31, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
Contents
Segment Information
Note 4. Segment Information
The Company hasone operating and reportable segment which reflects the manner in which the Company’s Chief Operating Decision Maker (“CODM”), its Chief Executive Officer, reviews and assesses the performance of the business and allocates resources.
The information used by the CODM to assess performance and allocate resources includes various measures of segment profit, however, for the purposes of the disclosures required by ASC 280, Segment Reporting, the Company has determined that the measure most consistent with the measurement principles used in measuring the corresponding amounts in the consolidated financial statements is net income. Consolidated financial information is used to monitor forecast versus actual results in order to make key operating decisions. The CODM does not evaluate the performance of the Company or allocate resources at any level below the consolidated level or based on the Company's assets or liabilities.
The following table presents the significant segment expenses, in the context of deriving net income, that are regularly provided to and reviewed by the CODM, reconciled to the segment’s net income:
| Three months endedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Total revenue | $1,108.6 | $1,064.7 |
| Significant segment expenses | ||
| Costs of services | 361.9 | 353.0 |
| Cost of inventory sold | 235.0 | 196.6 |
| Selling, general and administrative | 205.0 | 198.1 |
| Acquisition-related and integration costs | 3.1 | 12.8 |
| Depreciation and amortization | 114.5 | 107.7 |
| Interest expense | 49.9 | 63.9 |
| Income tax expense | 29.6 | 32.5 |
| Other segment items1 | (3.7) | (7.3) |
| Net income | $113.3 | $107.4 |
1 Other segment items consist of gain on disposition of property, plant and equipment, change in fair value of derivatives, net, interest income, and foreign exchange loss, as reported on the consolidated income statements.
| RB Global, Inc. | 8 |
|---|
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