RB Global, Inc. (RBA) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to the RB Global First Quarter 2025 Earnings Call. This call is being recorded. At this time, I would like to hand the call over to Mr. Sameer Rapid. Please go ahead, sir. Hello and good afternoon. Thank you for joining us today to discuss our first quarter results. Jim Kessler, our Chief Executive Officer, and Eric Guerin, our Chief Financial Officer, are with me on the call today. The following discussion will include forward-looking statements, including projections of future earnings, business, and market trends. These statements should be considered in conjunction with the cautionary statements contained in our earnings release and periodic FCC reports. On this call, we will also discuss certain non-GAAP financial measures, where the identification of non-GAAP financial measures, the most directly comparable GAAP financial measures, and the applicable reconciliation of the two see our earnings release and periodic SEC report. At this time, I'd like to turn the call over to our CEO, Jim Kessler. Jim? Thanks, Samir, and good afternoon to everyone joining the call. I want to recognize our teammates' dedication to our partners and customers, particularly in this rapidly evolving macroeconomic environment. The recently announced tariffs have introduced a new level of uncertainty. and we are actively monitoring the impacts to help our partners navigate their environment and make the best business decisions. As always, we have not changed our approach and are focused on factors we control to ensure we can consistently over-deliver on our commitments. Our disciplined execution was evident again in this quarter, with adjusted EBITDA declining 1% on a 6% decline in gross transactional values. Recall that we highlighted on last quarter's cal...