Ritchie Bros. Auctioneers (RBA) Misses Q3 EPS by 1c
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Ritchie Bros. reports third quarter 2016 results
November 9, 2016 5:05 PM ESTRecord third quarter revenues of $128.9 million, an 18% increase compared to Q3 2015 Q3 2016 Revenue Rate1 of 12.9% driven mostly by growing fee-based revenue streams $28.2 million impairment charge booked related to EquipmentOne brand, due to recent performance $4.7 million of acquisition-related costs booked during the quarter Net cash provided by operating activities during the first nine months of 2016 of $163.4 million, a 3% increase over the first nine months of 2015 Record third quarter Gross Auction Proceeds1 of $998.9 million $1 billion of credit facilities completed with bank syndicate subsequent to third quarter, to partially fund... More
Ritchie Bros. Board Chair named to National Association of Corporate Directors "Directorship 100"
November 8, 2016 4:00 PM ESTVANCOUVER, Nov. 8, 2016 /PRNewswire/ - Ritchie Bros. (NYSE & TSX: RBA, 'the Company'), the world's largest industrial auctioneer and a leading used equipment distributor, is pleased to announce that Beverley Briscoe, Chair of Ritchie Bros. Board of Directors, has been named to the 2016 National Association of Corporate Directors' (NACD) Directorship 100. This award honors the most influential boardroom leaders each year.
Commenting on this recognition for Ms. Briscoe, Ravi Saligram, Chief Executive Officer of Ritchie Bros. said: "We are honored that Bev's leadership and contributions to our corporate governance... More
