Ritchie Bros. Auctioneers (RBA) Misses Q1 EPS by 1c, Beat on Revenues

Ritchie Bros. Auctioneers (NYSE: RBA) reported Q1 EPS of $0.16, $0.01 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $260.18 million versus the consensus estimate of $155.25 million.

Consolidated results:

• Total revenues, as presented under the new revenue standard, were $260.2 million; a 30% increase over the first quarter of 2017
• Total Company agency proceeds1 (non-GAAP measure) of $169.8 million increased 36% from $124.5 million in the first quarter of 2017
• Cash provided by operating activities of $67.2 million
• Repayment of $29.2 million in long-term debt in the first quarter of 2018
• Declared quarterly dividend of $0.17 per common share

For earnings history and earnings-related data on Ritchie Bros. Auctioneers (RBA) click here.

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