Ritchie Bros. Auctioneers (RBA) Misses Q3 EPS by 1c
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November 9, 2016 5:05 PM EST
Record 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
November 8, 2016 4:00 PM EST
VANCOUVER, 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
