Ritchie Bros. reports second quarter 2019 results, raises dividend and announces interim Co-Chief Executive Officers
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Ritchie Bros. Auctioneers (RBA) Tops Q2 EPS by 6c, Revenues Beat
August 8, 2019 5:18 PM EDTRitchie Bros. Auctioneers (NYSE: RBA) reported Q2 EPS of $0.49, $0.06 better than the analyst estimate of $0.43. Revenue for the quarter came in at $393.2 million versus the consensus estimate of $345.86 million.
Consolidated results:
Total revenue in Q2 2019 increased 27% to $393.2 million as compared to Q2 2018Service revenue in Q2 2019 increased 9% to $234.6 million as compared to Q2 2018Inventory sales revenue in Q2 2019 increased 68% to $158.6 million as compared to Q2 2018Total selling, general and administrative expenses ("SG&A") in Q2 2019 decreased 4% to $97.7 million as... More