Ritchie Bros. Auctioneers (RBA) Tops Q4 EPS by 3c, Revenues Miss

Ritchie Bros. Auctioneers (NYSE: RBA) reported Q4 EPS of $0.44, $0.03 better than the analyst estimate of $0.41. Revenue for the quarter came in at $332.19 million versus the consensus estimate of $371.79 million.

"We are pleased with our strong fourth quarter delivering 47% reported earnings per share growth and 38% adjusted earnings per share growth. Our online marketplaces and US region both led the way with online delivering 16.4% GTV growth and the US posting double digit GTV growth."

"Through the dedication of our entire team we grew our full year GTV by 4%, with Total Revenue topping $1.3 billion and 23% growth in earnings per share. We generated strong operating cash flow for the year and are pleased with the overall strength of our balance sheet," said Ann Fandozzi, CEO of Ritchie Bros.

Fandozzi concluded, "I have been impressed and energized by the strength and the quality of our team. 2020 is poised to be another exciting year for Ritchie Bros. as we look to continue progressing our multichannel strategy and leveraging technology to drive more value for our customers."

For earnings history and earnings-related data on Ritchie Bros. Auctioneers (RBA) click here.

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