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Mar 31, 2022
RB Global Q1 2022 Earnings Report
Reported strong growth in GTV and service revenue, driven by strategic growth initiatives.
Key Takeaways
Ritchie Bros. reported a strong first quarter in 2022, with total revenue increasing by 19% to $393.9 million and net income attributable to stockholders increasing by 532% to $178.1 million. The company's GTV also saw a 13% increase, reaching $1.4 billion.
Total revenue increased 19% to $393.9 million.
Net income attributable to stockholders increased 532% to $178.1 million.
GTV increased 13% to $1.4 billion.
Diluted EPS attributable to stockholders increased 540% to $1.60 per share.
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, and growth and value prospects and payment of dividends.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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