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

Locations

Ritchie Bros. Auctioneers is headquartered in
Burnaby, Canada

Location Map

Latest Updates

Employees (est.) (Sept 2019)2,300(+5%)
Job Openings125
Revenue (FY, 2018)$1.2 B(+78%)
Share Price (Sept 2019)$39.2 (+2%)

Key People/Management at Ritchie Bros. Auctioneers

Ravi Saligram

Ravi Saligram

Chief Executive Officer (CEO) and Director of the Board
Sharon Driscoll

Sharon Driscoll

CFO
Todd Wohler

Todd Wohler

Chief Human Resources Officer
Karl Werner

Karl Werner

President, International
Jeff Jeter

Jeff Jeter

President, Sales U.S.
Brian Glenn

Brian Glenn

SVP, Head of Sales Canada
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Ritchie Bros. Auctioneers Office Locations

Ritchie Bros. Auctioneers has an office in Burnaby
Burnaby, CA (HQ)
9500 Glenlyon Pkwy
Show all (1)

Ritchie Bros. Auctioneers Financials and Metrics

Ritchie Bros. Auctioneers Revenue

Ritchie Bros. Auctioneers's revenue was reported to be $1.17 b in FY, 2018
USD

Revenue (Q3, 2019)

289.8m

Gross profit (Q3, 2019)

253.4m

Gross profit margin (Q3, 2019), %

87.4%

Net income (Q3, 2019)

25.3m

Market capitalization (24-Sept-2019)

4.2b

Closing stock price (24-Sept-2019)

39.2

Cash (30-Sept-2019)

309.6m

EV

4.6b
Ritchie Bros. Auctioneers's current market capitalization is $4.2 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

515.9m566.4m659.9m1.2b

Revenue growth, %

10%

Cost of goods sold

56.0m66.1m79.0m

Gross profit

459.8m500.3m580.8m
Quarterly
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

210.1m207.9m267.9m237.7m

Accounts Receivable

59.4m92.1m129.3m

Prepaid Expenses

11.1m19.7m49.1m

Inventories

58.5m28.5m38.2m113.3m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

138.6m93.5m75.3m121.5m

Depreciation and Amortization

42.0m40.9m52.7m66.6m

Inventories

(17.6m)26.6m(8.6m)(77.3m)

Cash From Operating Activities

196.4m177.6m146.3m144.3m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

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

Depreciation and Amortization

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

Inventories

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

Cash From Operating Activities

134.0m37.6m163.4m134.5m114.7m97.2m67.2m107.9m97.1m71.9m160.4m309.1m
USDY, 2019

EV/CFO

14.9 x

Revenue/Employee

126.0k

Debt/Equity

0.8 x

Debt/Assets

0.3 x

Financial Leverage

2.8 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

15 15 15 15 15 15 20

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 Online and Social Media Presence

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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 Ravi Saligram, Sharon Driscoll and Todd Wohler.

  • How many employees does Ritchie Bros. Auctioneers have?

    Ritchie Bros. Auctioneers has 2,300 employees.

  • What is Ritchie Bros. Auctioneers revenue?

    Latest Ritchie Bros. Auctioneers annual revenue is $1.2 b.

  • What is Ritchie Bros. Auctioneers revenue per employee?

    Latest Ritchie Bros. Auctioneers revenue per employee is $508.7 k.

  • Who are Ritchie Bros. Auctioneers competitors?

    Competitors of Ritchie Bros. Auctioneers include KAR Global, Manitex International and XLerate Group.

  • 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 an office in Burnaby.

  • How many offices does Ritchie Bros. Auctioneers have?

    Ritchie Bros. Auctioneers has 1 office.