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Dec 31, 2020
RB Global Q4 2020 Earnings Report
Ritchie Bros. reported mixed results for Q4 2020, with revenue increasing but net income decreasing compared to the same period last year.
Key Takeaways
Ritchie Bros. reported a 15% increase in total revenue to $383.4 million for Q4 2020, driven by a 33% increase in inventory sales revenue. However, net income attributable to stockholders decreased by 5% to $48.9 million, impacted by acquisition-related costs and an unfavorable tax adjustment.
Total revenue increased by 15% to $383.4 million, driven by growth in both service and inventory sales revenue.
Net income attributable to stockholders decreased by 5% to $48.9 million, impacted by acquisition-related costs and tax adjustments.
Gross Transaction Value (GTV) increased by 5% to $1.4 billion.
The company acquired Rouse Services LLC on December 8, 2020, for approximately $275 million.
Forward Guidance
Management provided forward guidance, focusing on long-term value drivers such as technology innovation, customer experience enhancement, operating cost optimization, and strategic pillar execution, despite near-term uncertainties from COVID-19 and political factors.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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