Ritchie Bros. Auctioneers (RBA) Tops Q4 EPS by 3c
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Ritchie Bros. reports fourth quarter and 2016 annual results
February 21, 2017 7:00 AM ESTRecord annual revenues of $566.4 million, supported by growing fee-based revenue streams Record annual Revenue Rate1 of 13.07% achieved in 2016 Record quarterly Revenue Rate of 14.11% achieved in the fourth quarter $4.6 million of acquisition-related costs booked during the quarter, primarily related to the pending acquisition of IronPlanet Holdings, Inc. ("IronPlanet") Fourth quarter net income attributable to stockholders decreased 40% primarily due to non-recurring events in current and comparative quarter; adjusted net income attributable to stockholders2 (non-GAAP measure) increased 5% compared to Q4 2015 $177.6 million of net cash provided by operating activities during... More
