Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $25.39 USD
Change Today +0.10 / 0.40%
Volume 337.1K
RBA On Other Exchanges
Symbol
Exchange
New York
Toronto
Frankfurt
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

ritchie bros auctioneers (RBA) Key Developments

Ritchie Bros. Auctioneers Incorporated Proposes Amendments to By-Law

Ritchie Bros. Auctioneers Incorporated announced that AGM will be held on May 4, 2015, to propose the amendments to the company's By-Law No. 1 which are reflected in amended and restated By-Law No. 1 which has been approved and adopted by the directors of the company, which amendments: increase the quorum requirement for meetings of shareholders; eliminate the ability of the chairman of directors meetings to have a casting vote; and add an advance notice provision for nominations of directors by shareholders, the full text of which resolution is set out in the accompanying information circular.

Ritchie Bros. Auctioneers Announces Executive Changes

Ritchie Bros. Auctioneers announced that Steve Simpson, Chief Sales Officer Global Key Accounts, is resigning from the business to pursue other opportunities. The company's Global Key Accounts initiative will be consolidated under Mike Johnston, Senior Vice President Strategic Accounts. Mr. Johnston will also continue to oversee the company's Strategic Accounts group, which develops and fosters client relationships with national and international companies and government departments.

Ritchie Bros. Auctioneers Mulls Acquisitions

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) is seeking acquisitions. Ravi Saligram, Treasurer and Chief Executive Officer of Ritchie Bros. Auctioneers Incorporated, said in Ritchie Bros. Auctioneers Incorporated earnings call, “We are evaluating ways to improve our penetration of key sectors, such as transportation and agriculture, by more effectively marketing to customer needs and potentially gaining beachheads through targeted tuck-in acquisitions.”

Ritchie Bros. Auctioneers Incorporated Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Ritchie Bros. Auctioneers Incorporated reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the year, the company's revenues were $481,097,000 against $467,403,000 a year ago. The company’s fourth quarter revenue rate was 11.2%, lower than the rate it achieved the past three quarters, due to the performance of the company’s at-risk business. Earnings from operations were $130,457,000 against $126,379,000 a year ago. Earnings before income taxes were $129,038,000 against $134,755,000 a year ago. Net earnings were $93,072,000 against $94,626,000 a year ago. Net earnings attributable to equity holders of the parent were $91,490,000 or $0.85 diluted per share against $93,825,000 or $0.88 diluted per share a year ago. Adjusted net earnings attributable to equity holders of the parent were $100,840,000 or $0.94 diluted per share against $89,989,000 or $0.84 diluted per share a year ago. Return on net assets was 15.2%, a slight decrease of 10 basis points compared to 15.3% in 2013. Adjusted operating income grew 4% during 2014 to $136.0 million, compared to $131.0 million in the 2013. This increase is due to the company's revenue growth of 3% compared to the company's SG&A expenses excluding adjusting items, which grew 2%, in 2014 compared to 2013. For the quarter, the company's revenues were $138,457,000 against $131,223,000 a year ago. Earnings from operations were $41,206,000 against $37,738,000 a year ago. Earnings before income taxes were $42,437,000 against $47,413,000 a year ago. Net earnings were $29,816,000 against $34,126,000 a year ago. Net earnings attributable to equity holders of the parent were $29,284,000 or $0.27 diluted per share against $33,745,000 or $0.31 diluted per share a year ago. This is actually a 30% decrease compared to net earnings in the fourth quarter of last year, and is due to the previously mentioned management reorg expenses in quarter four of this year. Adjusted net earnings attributable to equity holders of the parent were $33,496,000 or $0.31 diluted per share against $30,324,000 or $0.28 diluted per share a year ago. Adjusted operating income grew 10% during the fourth quarter of 2014 to $46.7 million, compared to $42.3 million in the fourth quarter of 2013. This increase is due to the company's revenue growth of 6% compared to the company's selling, general and administrative (SG&A) expenses excluding adjusting items, which grew 3%, in the fourth quarter of 2014 compared to the fourth quarter of 2013.

Ritchie Bros. Auctioneers Incorporated, Q4 2014 Earnings Call, Feb 27, 2015

Ritchie Bros. Auctioneers Incorporated, Q4 2014 Earnings Call, Feb 27, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
RBA:US $25.39 USD +0.10

RBA Competitors

Market data is delayed at least 15 minutes.

Company Last Change
eBay Inc $59.30 USD +1.03
Overstock.com Inc $21.34 USD -0.13
View Industry Companies
 

Industry Analysis

RBA

Industry Average

Valuation RBA Industry Range
Price/Earnings 29.9x
Price/Sales 5.7x
Price/Book 3.9x
Price/Cash Flow 20.1x
TEV/Sales 5.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact RITCHIE BROS AUCTIONEERS, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.