Ritchie Bros. Auctioneers (RBA) Tops Q2 EPS by 2c

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Ritchie Bros. reports second quarter 2017 results

August 8, 2017 7:15 AM EDT

Q2 2017 revenues increased 5% to $166.2 million compared to Q2 2016, primarily due to the acquisition of IronPlanet Holdings Inc. ("IronPlanet") (the "Merger") Record second quarter 2017 Revenue Rate1 of 13.22% achieved during Q2 2017 Diluted earnings per share ("EPS") attributable to stockholders of $0.16 including acquisition-related costs, the impairment loss, and interest expense; diluted adjusted EPS attributable to stockholders2 (non-GAAP measure) of $0.33 excluding certain acquisition-related costs and the impairment loss $114.7 million of net cash provided by operating activities during the first half of 2017 Declared quarterly dividend of $0.17 per common share IronPlanet... More