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Sep 30, 2020
RB Global Q3 2020 Earnings Report
Ritchie Bros. experienced a strong third quarter driven by growth across all geographic regions and channels.
Key Takeaways
Ritchie Bros. reported a 14% increase in total revenue to $331.5 million and an 80% increase in net income to $45.5 million compared to Q3 2019. The company saw strong GTV growth and a shift to online transactions.
Total revenue increased by 14% to $331.5 million.
Net income attributable to stockholders increased by 80% to $45.4 million.
GTV increased 22% to $1.3 billion.
Service revenue increased 25% to $222.7 million.
RB Global
RB Global
Forward Guidance
This news release contains forward-looking statements regarding future financial and operational results, including future auctions and estimated GTV thereof, growth prospects and payment of dividends, and the ability of the Company to satisfy the Rouse acquisition agreement conditions and consummate the transaction.