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

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

Ritchie Bros. reports first quarter 2018 results

May 10, 2018 5:15 PM EDT

VANCOUVER, May 10, 2018 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE & TSX: RBA, the "Company" or "Ritchie Bros.") reported the following results for the three months ended March 31, 2018:

(All figures are presented in U.S. dollars)

Net income attributable to stockholders of $17.1 million improved 65% compared to $10.4 million for the same quarter in 2017. Diluted earnings per share ("EPS") attributable to stockholders increased 60% to $0.16 versus $0.10 in the first quarter of 2017. Other key first quarter highlights included:

Consolidated results:

Total revenues, as presented under the new revenue standard, were $260.2 million; a 30% increase over the... More