RB Global Q1 2023 Earnings Report
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.
RB Global
RB Global
RB Global Revenue by Geographic Location
Forward Guidance
No specific financial forward guidance was provided in the document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income