Ritchie Bros. Auctioneers

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.

Type
Public
HQ
Burnaby, CA
Founded
1958
Size (employees)
1,700 (est)+12%
Ritchie Bros. Auctioneers was founded in 1958 and is headquartered in Burnaby, CA

Ritchie Bros. Auctioneers Office Locations

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

Ritchie Bros. Auctioneers Data and Metrics

Ritchie Bros. Auctioneers Financial Metrics

Ritchie Bros. Auctioneers's revenue was reported to be $566.4 m in FY, 2016
USD

Net income (Q1, 2017)

10.4 m

Market capitalization (24-Jul-2017)

3 b

Closing share price (24-Jul-2017)

28.4

Cash (31-Mar-2017)

236.9 m
Ritchie Bros. Auctioneers's current market capitalization is $3 b.
USDFY, 2015FY, 2016

Revenue

515.9 m566.4 m

Revenue growth, %

10%

General and administrative expense

255 m283.5 m

Operating expense total

255 m283.5 m

EBIT

174.8 m135.7 m

EBIT margin, %

34%24%

Interest expense

(5 m)(5.6 m)

Interest income

2.7 m1.9 m

Pre tax profit

176.4 m130.5 m

Income tax expense

37.9 m37 m

Net Income

138.6 m93.5 m
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

30 m40.6 m(5 m)10.4 m
USDFY, 2015FY, 2016

Cash

210.1 m207.9 m

Inventories

28.5 m

Current Assets

430.1 m378 m

Goodwill

91.2 m97.5 m

Total Assets

1.1 b1.6 b

Accounts Payable

262.5 k

Total Debt

97.9 m639.1 m

Current Liabilities

290 m252.8 m

Total Liabilities

903.8 m

Additional Paid-in Capital

27.7 m27.6 m

Retained Earnings

601.1 m601.1 m

Total Equity

707.4 m691.8 m

Debt to Equity Ratio

0.1 x0.9 x

Debt to Assets Ratio

0.1 x0.4 x

Financial Leverage

1.6 x2.3 x
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

294.1 m166.5 m231 m236.9 m

Inventories

29.5 m74.2 m42.4 m20.9 m

Current Assets

597.2 m592.3 m572 m546 m

Goodwill

111.6 m111.6 m92.3 m98.1 m

Total Assets

1.3 b1.3 b1.3 b1.8 b

Current Liabilities

509.3 m416.6 m440.3 m419.6 m

Additional Paid-in Capital

28 m25.7 m26.6 m28.2 m

Retained Earnings

595 m615.7 m591.4 m593.2 m

Total Equity

681.3 m713.7 m694.4 m696.2 m

Financial Leverage

2 x1.9 x1.9 x2.5 x
USDFY, 2015FY, 2016

Net Income

138.6 m93.5 m

Accounts Receivable

11.6 m

Cash From Operating Activities

196.4 m177.6 m

Purchases of PP&E

(28.1 m)

Cash From Investing Activities

(29.3 m)(116.9 m)

Long-term Borrowings

(58.4 m)(148.2 m)

Cash From Financing Activities

(80.7 m)404.1 m
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

30 m40.6 m(5 m)10.4 m

Inventories

29.5 m74.2 m42.4 m20.9 m
Y, 2017

Financial Leverage

2.5 x

Ritchie Bros. Auctioneers Market Value History

Ritchie Bros. Auctioneers Online and Social Media Presence

Ritchie Bros. Auctioneers Company Life and Culture

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