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Dec 31, 2021
RB Global Q4 2021 Earnings Report
RB Global's Q4 2021 earnings were released, revealing a mix of growth in service revenue and declines in net income and inventory sales.
Key Takeaways
Ritchie Bros. reported a decrease in net income attributable to stockholders by 37% to $30.6 million, and a decrease in total revenue by 6% to $359.4 million for Q4 2021. Despite a challenging supply environment, service revenue grew by 6%.
Net income attributable to stockholders decreased 37% to $30.6 million.
Diluted earnings per share decreased 39% to $0.27 per share.
Total revenue decreased 6% to $359.4 million.
Service revenue increased 6% while inventory sales revenue decreased 24%.
RB Global
RB Global
Forward Guidance
No forward guidance was provided in the earnings report.