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

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Ritchie Bros. reports first quarter 2019 results

May 9, 2019 5:10 PM EDT

VANCOUVER, May 9, 2019 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE & TSX: RBA, the "Company" or "Ritchie Bros.") reported the following results for the three months ended March 31, 2019:

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

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 2018 Service revenue decreased 2% to $172.4... More