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Jun 30, 2020
RB Global Q2 2020 Earnings Report
Ritchie Bros. reported results, demonstrating resilience and adaptability through online auctions.
Key Takeaways
Ritchie Bros. reported a slight decrease in total revenue by 1% to $389.1 million. Net income attributable to stockholders decreased by 2% to $53.0 million, while diluted EPS remained flat at $0.49. The company saw a 14% increase in operating income to $88.8 million.
Total revenue decreased slightly by 1% to $389.1 million.
Net income attributable to stockholders decreased 2% to $53.0 million.
Operating income increased 14% to $88.8 million.
GTV was flat at $1.5 billion.
RB Global
RB Global
Forward Guidance
No specific forward guidance was provided in the press release.