Heavy Equipment Guide Logo

2019 proves positive for Ritchie Bros. in annual results

2019 proves positive for Ritchie Bros. in annual results

Ritchie Bros. has reported its results for the fourth quarter, as well as the full year, ending December 31, 2019.  The company reports that while revenue slipped slightly in the fourth quarter its year was solid overall.

Q4 consolidated results

  • Total revenue in Q4 2019 decreased 7% to $332.2 million as compared to Q4 2018
  • Service revenue in Q4 2019 increased 10% to $218.5 million as compared to Q4 2018
  • Inventory sales revenue in Q4 2019 decreased 28% to $113.7 million as compared to Q4 2018 
  • Total selling, general and administrative expenses was $95.8 million compared to $95.6 million in Q4 2018 
  • Operating income in Q4 2019 increased 27% to $71.5 million as compared to Q4 2018

Q4 auctions & marketplaces segment results

  • GTV1 in Q4 2019 increased 3.5% to $1.4 billion compared to Q4 2018 
  • A&M total revenue in Q4 2019 decreased 7% to $298.0 million as compared to Q4 2018
  • Service revenue in Q4 2019 increased 13% to $184.2 million as compared to Q4 2018
  • Inventory sales revenue in Q4 2019 decreased 28% to $113.7 million as compared to Q4 2018

Other developments

Ritchie Bros. announced on December 16, 2019 that Ann Fandozzi will be joining the company as its new CEO, and member of the Board of Directors, effective January 6, 2020.

Annual consolidated results

  • Total revenue increased 13% to $1.3 billion as compared to 2018
  • Service revenue increased 7% to $804.0 million as compared to 2018
  • Inventory sales revenue increased 22% to $514.6 million as compared to 2018 
  • Total SG&A was $382.4 million in 2019 compared to $382.7 million in 2018 
  • Operating income increased 21% to $223.2 million as compared to 2018 
  • Cash provided by operating activities was $332.8 million for the year ended December 31, 2019 
  • Declared quarterly dividends aggregating to $0.76 per common share in 2019

Annual auctions & marketplaces segment results

  • GTV increased 3.6% to $5.1 billion compared to 2018 
  • A&M total revenue increased 14% to $1.2 billion as compared to 2018
  • Service revenue increased 8% to $678.8 million as compared to 2018
  • Inventory sales revenue increased 22% to $514.6 million as compared to 2018

Company info

9500 Glenlyon Parkway
Burnaby, BC
CA, V5J 0C6

Website:
rbauction.com

Read more

More from Industry News

Sponsored Brought to you by: Trail King Industries, Inc. Logo

Trail King Steerable Dolly Offers Better Maneuverability

Trail King recently updated the design of the steerable dolly with a front steer design. This new design allows for better maneuverability for a greater steering angle, tighter corners and less manual steering.  The dolly offers wireless manual steer and auto alignment after manual steer for an automatic self-centering function. Trail King has increased the hatbox rotation angle on this model with the ability to turn up to 65 degrees. The centralized grease port for turntable allows for easy upkeep and maintenance. This versatile dolly can be used with a Schnabel setup, replace standard wheel area for a steerable 13 axle configuration, or can be used in combination with a Jeep/Dolly for Bunk work.

Get our newsletter

Sponsored Brought to you by: Trail King Industries, Inc. Logo

Trail King Steerable Dolly Offers Better Maneuverability

Trail King recently updated the design of the steerable dolly with a front steer design. This new design allows for better maneuverability for a greater steering angle, tighter corners and less manual steering.  The dolly offers wireless manual steer and auto alignment after manual steer for an automatic self-centering function. Trail King has increased the hatbox rotation angle on this model with the ability to turn up to 65 degrees. The centralized grease port for turntable allows for easy upkeep and maintenance. This versatile dolly can be used with a Schnabel setup, replace standard wheel area for a steerable 13 axle configuration, or can be used in combination with a Jeep/Dolly for Bunk work.

Subscribe to our free magazine

Get Our Magazine

Paper or Digital delivered monthly to you

Subscribe or Renew Learn more
Sponsored Brought to you by: Trail King Industries, Inc. Logo

Trail King Steerable Dolly Offers Better Maneuverability

Trail King recently updated the design of the steerable dolly with a front steer design. This new design allows for better maneuverability for a greater steering angle, tighter corners and less manual steering.  The dolly offers wireless manual steer and auto alignment after manual steer for an automatic self-centering function. Trail King has increased the hatbox rotation angle on this model with the ability to turn up to 65 degrees. The centralized grease port for turntable allows for easy upkeep and maintenance. This versatile dolly can be used with a Schnabel setup, replace standard wheel area for a steerable 13 axle configuration, or can be used in combination with a Jeep/Dolly for Bunk work.

Get our newsletter

Sponsored Brought to you by: Trail King Industries, Inc. Logo

Trail King Steerable Dolly Offers Better Maneuverability

Trail King recently updated the design of the steerable dolly with a front steer design. This new design allows for better maneuverability for a greater steering angle, tighter corners and less manual steering.  The dolly offers wireless manual steer and auto alignment after manual steer for an automatic self-centering function. Trail King has increased the hatbox rotation angle on this model with the ability to turn up to 65 degrees. The centralized grease port for turntable allows for easy upkeep and maintenance. This versatile dolly can be used with a Schnabel setup, replace standard wheel area for a steerable 13 axle configuration, or can be used in combination with a Jeep/Dolly for Bunk work.

Subscribe to our free magazine

Get Our Magazine

Paper or Digital delivered monthly to you

Subscribe or Renew Learn more