OverviewSuggest Edit

Est. 1958, Ritchie Bros. (NYSE & TSX: RBA) is the world's largest industrial auctioneer. We sold US$4.2 billion of equipment and trucks in 2014. We have 40+ auction sites worldwide and conduct hundreds of unreserved public auctions each year, with on-site and online bidding. Anyone can buy or sell equipment at a Ritchie Bros. auction. Ritchie Bros. Auctioneers began as a family business in Kelowna, Canada. Three brothers -- Dave, Ken & John -- conducted their first auction in 1958, selling $2,000 in inventory from their furniture store to pay a bank debt. Spurred by success, the brothers conducted more auctions, eventually progressing beyond furniture and into industrial equipment. Flash forward 50 years, and we are now the world’s largest industrial auctioneer. Headquartered in Vancouver, Canada, and with head offices in Lincoln, NE and Breda, the Netherlands, we have over 110 locations in North America, Europe, the Middle East, Asia and Australia. We’re publicly traded on the TSX and NYSE. We sell, through unreserved public auctions, a broad range of used and unused industrial assets, including equipment, trucks and other assets used in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. We sell more equipment to on-site and online bidders than any other company in the world. As a stable, secure, global company that's built on integrity, fairness and plain old hard work, Ritchie Bros. offers rewarding careers in operations, sales, finance, accounting, IT, marketing, HR, customer service, and other roles. We offer great benefits, ongoing training, growth opportunities, a culture built on teamwork, integrity and fun – and the chance to be part of something big.

TypePublic
Founded1958
HQBurnaby, CA
Websiterbauction.com
Employee Ratings3.6
Overall CultureC+

Locations

Ritchie Bros. Auctioneers is headquartered in
Burnaby, Canada

Location Map

Latest Updates

Employees (est.) (Jul 2021)2,600
Job Openings121
Revenue (FY, 2020)$1.4 B(+5%)
Share Price (Sept 2021)C$80.7
Cybersecurity ratingCMore

Key People/Management at Ritchie Bros. Auctioneers

Ann Fandozzi

Ann Fandozzi

Chief Executive Officer and Director
Sharon Driscoll

Sharon Driscoll

Chief Financial Officer
Jim Kessler

Jim Kessler

Chief Operating Officer
Jeff Jeter

Jeff Jeter

President, Global Strategic Accounts
Kieran Holm

Kieran Holm

President, RB Services
Carmen Thiede

Carmen Thiede

Chief Human Resources Officer
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Ritchie Bros. Auctioneers Office Locations

Ritchie Bros. Auctioneers has offices in Burnaby, Lincoln, Stapylton, Polotitlán de la Ilustración and in 2 other locations
Burnaby, CA (HQ)
9500 Glenlyon Pkwy
Stapylton, AU
157 Burnside Rd
Breda, NL
Concordiastraat 20
Lincoln, NE, US
4000 Pine Lake Rd
Show all (6)

Ritchie Bros. Auctioneers Financials and Metrics

Ritchie Bros. Auctioneers Revenue

Ritchie Bros. Auctioneers's revenue was reported to be $1.38 b in FY, 2020
USD

Revenue (Q1, 2021)

331.6m

Net income (Q1, 2021)

28.1m

EBIT (Q1, 2021)

44.5m

Market capitalization (15-Sept-2021)

8.9b

Closing stock price (15-Sept-2021)

80.7

Cash (31-Mar-2021)

294.4m

EV

9.2b
Ritchie Bros. Auctioneers's current market capitalization is C$8.9 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

515.9m566.4m659.9m1.2b1.3b1.4b

Revenue growth, %

10%

Cost of goods sold

56.0m66.1m79.0m

Gross profit

459.8m500.3m580.8m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

131.9m158.8m128.9m124.5m185.5m141.0m260.2m308.5m245.3m303.4m393.2m289.8m273.3m389.1m331.5m331.6m

Cost of goods sold

15.3m19.8m14.8m12.8m21.6m19.6m36.7m43.0m33.1m36.1m50.3m36.4m

Gross profit

116.6m139.0m114.1m111.7m163.9m121.5m223.5m265.5m212.3m267.4m343.0m253.4m

Gross profit Margin, %

88%88%89%90%88%86%86%86%87%88%87%87%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

210.1m207.9m267.9m237.7m359.7m278.8m

Accounts Receivable

59.4m92.1m129.3m137.4m135.0m

Prepaid Expenses

11.1m19.7m49.1m50.2m

Inventories

58.5m28.5m38.2m113.3m65.0m86.3m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

138.6m93.5m75.3m121.5m149.1m170.4m

Depreciation and Amortization

42.0m40.9m52.7m66.6m70.5m74.9m

Inventories

(17.6m)26.6m(8.6m)(77.3m)44.6m(18.1m)

Cash From Operating Activities

196.4m177.6m146.3m144.3m332.8m257.9m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

30.0m70.6m65.6m10.4m28.1m38.5m17.2m62.9m86.0m18.2m72.3m97.6m22.8m75.9m121.4m28.2m

Depreciation and Amortization

10.1m20.4m30.6m10.3m22.2m37.0m16.2m32.7m49.5m17.1m34.2m51.9m19.3m37.2m55.6m21.1m

Inventories

30.5m(15.9m)15.3m7.8m1.4m(16.5m)3.1m(27.8m)(49.1m)37.1m33.6m58.8m1.3m1.4m3.9m12.4m

Accounts Payable

(16.6m)
USDFY, 2015

Revenue/Employee

338.9k

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.6 x
Show all financial metrics

Ritchie Bros. Auctioneers Operating Metrics

Ritchie Bros. Auctioneers's Monthly Unique Users was reported to be 910 k in FY, 2016. Ritchie Bros. Auctioneers's Registered Users was reported to be 660 k in FY, 2016.
FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Countries

15151515151520

Monthly Unique Users

822.72 k934.29 k910 k

Registered Users

660 k

Unit Sales

430 k
Show all operating metrics

Ritchie Bros. Auctioneers Revenue Breakdown

Embed Graph

Ritchie Bros. Auctioneers revenue breakdown by business segment: 95.8% from Core Auction and 4.2% from Other

Ritchie Bros. Auctioneers Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

SecurityScorecard logo

Ritchie Bros. Auctioneers Online and Social Media Presence

Embed Graph

Ritchie Bros. Auctioneers Company Culture

  • Overall Culture

    C+

    68/100

  • CEO Rating

    C

    67/100

  • Compensation

    C

    63/100

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Ritchie Bros. Auctioneers Frequently Asked Questions

  • When was Ritchie Bros. Auctioneers founded?

    Ritchie Bros. Auctioneers was founded in 1958.

  • Who are Ritchie Bros. Auctioneers key executives?

    Ritchie Bros. Auctioneers's key executives are Ann Fandozzi, Sharon Driscoll and Jim Kessler.

  • How many employees does Ritchie Bros. Auctioneers have?

    Ritchie Bros. Auctioneers has 2,600 employees.

  • What is Ritchie Bros. Auctioneers revenue?

    Latest Ritchie Bros. Auctioneers annual revenue is $1.4 b.

  • What is Ritchie Bros. Auctioneers revenue per employee?

    Latest Ritchie Bros. Auctioneers revenue per employee is $529.7 k.

  • Who are Ritchie Bros. Auctioneers competitors?

    Competitors of Ritchie Bros. Auctioneers include Taylor & Martin, North Toronto Auction and Crankyape.

  • Where is Ritchie Bros. Auctioneers headquarters?

    Ritchie Bros. Auctioneers headquarters is located at 9500 Glenlyon Pkwy, Burnaby.

  • Where are Ritchie Bros. Auctioneers offices?

    Ritchie Bros. Auctioneers has offices in Burnaby, Lincoln, Stapylton, Polotitlán de la Ilustración and in 2 other locations.

  • How many offices does Ritchie Bros. Auctioneers have?

    Ritchie Bros. Auctioneers has 6 offices.