Ritchie Bros. Auctioneers (RBA) Reports In-Line Q1 EPS, Revenues Beat

Ritchie Bros. Auctioneers (NYSE: RBA) reported Q1 EPS of $0.25, in-line with the analyst estimate of $0.25. Revenue for the quarter came in at $331.6 million versus the consensus estimate of $294.25 million.

"Our 11% increase in GTV growth in the quarter was driven by solid underlying performance from all regions contributing to a 31% increase in operating income."

"We continued to lead with innovation; flexing new digital capabilities to improve the buyer and seller experience, ultimately driving exceptional price realization for consignors during this continued period of heightened economic uncertainty," said Ann Fandozzi, CEO of Ritchie Bros.

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

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