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Mar 31, 2021
RB Global Q1 2021 Earnings Report
Ritchie Bros. reported strong first-quarter results, with revenue increasing by 21% and net income attributable to stockholders increasing by 24%.
Key Takeaways
Ritchie Bros. Auctioneers Incorporated reported a 21% increase in total revenue to $331.6 million and a 24% increase in net income attributable to stockholders to $28.2 million for the first quarter of 2021. The company's GTV grew by 11%, driven by solid performance across all regions.
Total revenue increased by 21% to $331.6 million compared to Q1 2020.
Net income attributable to stockholders increased 24% to $28.2 million compared to Q1 2020.
GTV increased 11% to $1.3 billion.
Operating income increased 31% to $44.5 million compared to Q1 2020.
Forward Guidance
This news release contains forward-looking statements and forward-looking information within the meaning of applicable U.S. and Canadian securities legislation (collectively, “forward-looking statements”), including, in particular, statements regarding future financial and operational results, including future auctions and estimated GTV thereof, growth and value prospects and payment of dividends, and the expected benefits of the Rouse acquisition.
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