RB Global, Inc.

Hello, everyone. Thank you for joining us and welcome to RB Global's first quarter 2026 earnings call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question at that time, press star one on your telephone keypad to raise your hand. I would now like to hand the conference over to Samir Rathod, CFA, Vice President, Investor Relations and Market Intelligence. Please go ahead. Hello and good afternoon.

Thank you for joining us today to discuss our first quarter 2026 results. On the call with me today are Jim Kessler, our Chief Executive Officer, and Eric Aaron, our Chief Financial Officer. 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 SEC reports. On this call, we will also discuss certain non-debt financial measures. For the identification of these measures, the most directly comparable debt financial measures, and the applicable reconciliation, please see our earnings release and FCC filings. At this time, I'd like to turn the call over to our CEO, Jim Tesler. Jim?

Thanks, Hamir, and good afternoon to everyone joining the call. I want to recognize our teams for their continued strong performance. particularly against the backdrop of the complex macro environment. As always, we are focused on the factors within our control to ensure we consistently over-deliver on our commitments and remain a trusted partner to our customers. Our execution in these areas was evident in the first quarter as our growth strategy and operating model continued to demonstrate durability, with adjusted EBITDA increase in 11% on a 13% increase in GTV. As we have discussed, expanding and diversifying our business into complementary growth areas is a strategic priority, and we are executing accordingly. In support of that strategy, we recently received HSR approval for the Big Iron transaction, satisfying a key regulatory condition, and we now expect to close the transaction in the second quarter. Turning to the commercial construction and transportation sector, Our growth strategy continues to deliver, with GTV up 27% year-over-year. We are cautiously optimistic as customer feedback suggests early signs of improving confidence, supported by stabilized and used equipment values and continued activity in megaprojects and civil infrastructure. At the same time, we believe that a portion of the quarter's volume growth reflects the early and uneven return of pent-up supply, as sellers who deferred decisions in 2025 began to re-enter the market. Turning to the automotive sector, we delivered another strong quarter despite navigating disruption among our market alliance partners and buyers in the Middle East. Our foremost priority remains the safety and well-being of our teammates in the region. Despite these headwinds, gross returns measured as the salvage values as a percentage of pre-accident cash value continue to expand, supporting approximately 10% year-over-year growth in U.S. insurance average selling prices. We believe this performance underscores the resilience and breadth of our marketplace and reflects our continued progress in enhancing the buyer experience and optimizing the auction format for our sellers. Unit volumes increased 1% year-over-year, marking the fifth consecutive quarter of outperformance relative to the broader market. I am proud of our team's execution as we exceeded all service-level commitments again. Last quarter, we announced an agreement in principle with one of our largest partners, and I am pleased to report that it has now been fully executed. We remain confident in our goal of delivering net market share gains in 2026, as our focus on driving tangible P&L value for our partners continues to resonate and differentiate our platform. Importantly, in a competitive market, we will remain selective in pursuing volumes. We are prioritizing partners that align with our culture and ensuring the value we realize from our differentiated marketplace platform reflects the meaningful benefits it delivers to our customers. Our confidence in our goal of continued market share gains was further reinforced at our industry leadership summit, which again achieved record attendance. Highlighting our strong and growing partner engagement, partners walked away excited and energized by our marketplace overall strategic direction, backed by our transparent data-driven approach and continued innovation. I will now pass the call to Eric to review the financials and updated 2026 outlook.