Ritchie Bros. reports first quarter 2019 results

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Go back to Ritchie Bros. reports first quarter 2019 results

Ritchie Bros. Auctioneers (RBA) Misses Q1 EPS by 4c, Revenues Beat

May 9, 2019 5:12 PM EDT

Ritchie Bros. Auctioneers (NYSE: RBA) reported Q1 EPS of $0.17, $0.04 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $303.4 million versus the consensus estimate of $282.68 million.

Net income attributable to stockholders increased 6% to $18.2 million compared to $17.1 million in Q1 2018. Diluted earnings per share ("EPS") attributable to stockholders increased 6% to $0.17 per share in Q1 2019 compared to $0.16 per share in Q1 2018.

Consolidated results:

Total revenue increased 17% to $303.4 million in Q1 2019 compared to $260.2 million in Q1 2018Service revenue decreased 2% to $172.4 million in Q1 2019 compared to $176.0 million in Q1... More