Loading...
•
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.
Forward Guidance
This news release contains forward-looking statements regarding future financial and operational results and growth and value prospects and payment of dividends.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...