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Mar 31, 2023
RB Global Q1 2023 Earnings Report
Reported strong financial results and progress on integration.
Key Takeaways
Ritchie Bros. reported a 30% increase in total revenue to $512.4 million, driven by a 32% increase in GTV to $1.9 billion, which includes the impact of the IAA acquisition. However, net income decreased to a loss of $28.2 million, while diluted adjusted earnings per share increased 24% to $0.57.
GTV increased 32% year-over-year to $1.9 billion, including $314.8 million from the IAA acquisition.
Total revenue increased 30% year-over-year to $512.4 million, including $80.0 million from the IAA acquisition.
Service revenue increased 40% year-over-year to $343.6 million, including $67.1 million from the IAA acquisition.
Diluted adjusted earnings per share increased 24% year-over-year to $0.57 per share.
Revenue by Segment
Forward Guidance
No specific financial forward guidance was provided in the document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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