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Sep 30, 2022
RB Global Q3 2022 Earnings Report
Ritchie Bros. reported strong Q3 2022 results with service revenue growth outpacing GTV growth.
Key Takeaways
Ritchie Bros. reported a strong third quarter with a 25% increase in total revenue, driven by a 15% increase in service revenue and a 43% increase in inventory sales revenue. Net income increased by 33% and diluted earnings per share increased by 31%.
GTV increased 7% year-over-year to $1.4 billion.
Service revenue increased 15% year-over-year.
Inventory sales revenue increased 43% year-over-year.
Net income increased 33% year-over-year to $42.9 million.
RB Global
RB Global
RB Global Revenue by Geographic Location
Forward Guidance
This news release contains forward-looking statements regarding future financial and operational results and growth and value prospects and payment of dividends.
Revenue & Expenses
Visualization of income flow from segment revenue to net income