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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%.
No forward guidance was provided in the earnings report.
Visualization of income flow from segment revenue to net income