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Sep 30, 2021
RB Global Q3 2021 Earnings Report
Ritchie Bros. reported a decrease in net income and EPS, but showed momentum in growth initiatives during the third quarter of 2021.
Key Takeaways
Ritchie Bros. reported a 1% decrease in total revenue to $329.7 million, with net income decreasing by 29% to $32.3 million and EPS decreasing by 29% to $0.29. However, the company saw strong momentum in growth initiatives, including new satellite yard locations and increased IMS activations.
Total revenue decreased 1% to $329.7 million.
Net income attributable to stockholders decreased 29% to $32.3 million.
Diluted EPS decreased 29% to $0.29 per share.
GTV decreased 4% to $1.3 billion.
RB Global
RB Global
Forward Guidance
Ritchie Bros. did not provide specific forward guidance in this earnings report.