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Dec 31, 2022
RB Global Q4 2022 Earnings Report
Ritchie Bros. reported strong Q4 2022 results driven by revenue growth and strategic initiatives.
Key Takeaways
Ritchie Bros. reported a 24% increase in total revenue to $443.9 million and a 48% increase in net income to $45.3 million for the fourth quarter of 2022. The company's GTV increased by 6% to $1.5 billion. Diluted earnings per share increased by 48% to $0.40, and diluted adjusted earnings per share increased by 36% to $0.68.
Gross transaction value increased 6% year-over-year to $1.5 billion.
Total revenue increased 24% year-over-year to $443.9 million.
Net income increased 48% year-over-year to $45.3 million.
Diluted earnings per share increased 48% year-over-year to $0.40 per share.
RB Global
RB Global
Forward Guidance
No forward guidance provided in the press release.