Ritchie Bros. Auctioneers (RBA) Tops Q2 EPS by 18c, Revenues Beat

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Ritchie Bros. reports second quarter 2020 results

August 6, 2020 5:30 PM EDT

VANCOUVER, BC, Aug. 6, 2020 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) the "Company", "Ritchie Bros.", "we", "us", or "our") reported the following results for the three months ended June 30, 2020:

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

Net income attributable to stockholders decreased 2% to $53.0 million, compared to $54.0 million in Q2 2019. Diluted earnings per share ("EPS") attributable to stockholders was flat at $0.49 per share in Q2 2020 compared to and Q2 2019. Diluted adjusted EPS* which excludes a $6.2 million income tax expense in Q2 2020 related to an... More