NYSE$RBA

RB Global INC · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Ritchie Bros. reported a decrease in net income and EPS, but showed momentum in growth initiatives during the third quarter of 2021.

Ritchie Bros. reported a 1% decrease in total revenue to $329.7 million, with net income decreasing by 29% to $32.3 million and EPS decreasing by 29% to $0.29. However, the company saw strong momentum in growth initiatives, including new satellite yard locations and increased IMS activations.

  • Total revenue decreased 1% to $329.7 million.
  • Net income attributable to stockholders decreased 29% to $32.3 million.
  • Diluted EPS decreased 29% to $0.29 per share.
  • GTV decreased 4% to $1.3 billion.

Headline financials

Total Revenue

$330M

Previous: $332M-0.6%
EPS (adj)

$0.44

Previous: $0.44+0.0%
Total lots sold

107.8K

No prior period
Capital Expenditures

-$6.98M

Previous: -$9.87M+29.2%
Free Cash Flow

$25.4M

Previous: $35.5M-28.6%
Net Income

$32.3M

Previous: $45.4M-28.8%
Operating Income

$53.6M

Previous: $67.4M-20.4%
Gross Profit

$330M

Previous: $332M-0.6%
Cash & Equivalents

$363M

Previous: $470M-22.9%
Total Assets

$2.58B

Previous: $2.54B+1.5%
Stock-Based Comp

$7.12M

Previous: $5.81M+22.6%

Revenue & EPS history

RB Global · Revenue · Quarterly

$330M

Q3 2021-0.6%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

RB Global · $1.11B total across 2 segments · Q2 2023

  • Service revenue
    $806M
  • Inventory sales revenue
    $300M

Forward guidance

Ritchie Bros. did not provide specific forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.8%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+1.6%

Avg return

30 days after

52%

33 / 64 earnings

Positive

+15.5%

Q2 2020

Best reaction

-19.1%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.2%-1.7%+0.3%
Q4 2025+3.3%-5.5%-8.7%
Q3 2025+4.3%+6.0%+3.6%
Q1 2025+2.4%+2.4%+2.8%
Q4 2024+8.5%+6.5%+2.5%
Q3 2024+4.9%+2.0%+8.4%
Q2 2024+7.7%+10.0%+16.7%
Q1 2024+6.2%+5.9%+1.0%
Q4 2023+12.8%+11.4%+12.5%
Q3 2023-9.4%-9.4%-5.3%
Q2 2023-4.2%-9.9%-3.9%
Q1 2023-5.6%-7.7%-4.3%
Q4 2022-2.3%-3.3%-13.4%
Q3 2022-19.1%-12.0%-11.0%
Q2 2022-5.8%-2.7%-2.2%
Q1 2022+9.1%+18.2%+15.3%
Q4 2021-11.6%-10.7%+3.8%
Q3 2021+9.5%+3.9%+0.8%
Q2 2021-0.2%+1.7%+7.7%
Q1 2021-2.5%-5.8%-14.1%
Q4 2020-7.4%-7.7%-1.1%
Q3 2020+12.2%+0.5%+3.3%
Q2 2020+15.5%+19.1%+18.5%
Q1 2020+5.6%-0.3%+3.6%
Q4 2019-4.2%-3.0%-20.7%
Q3 2019-0.5%+1.0%+4.7%
Q2 2019+6.1%+9.1%+11.2%
Q1 2019-3.0%-3.9%-0.9%
Q4 2018-1.2%-7.3%-9.0%
Q3 2018+6.0%+5.4%-0.2%
Q2 2018+9.0%+9.2%+7.9%
Q1 2018-1.8%-2.5%+5.0%
Q4 2017+1.7%+0.5%-3.3%
Q3 2017-9.9%-11.1%+1.7%
Q2 2017+2.2%-0.7%+8.8%
Q1 2017-4.7%-3.4%-2.6%
Q4 2016+9.9%+9.8%+3.8%
Q3 2016+7.2%+7.5%+13.3%
Q2 2016-10.5%-14.5%+7.1%
Q1 2016+5.6%
Q4 2015+2.6%
Q3 2015+5.0%
Q2 2015+5.1%
Q1 2015+7.3%
Q4 2014-3.2%
Q3 2014-0.4%
Q2 2014-0.8%
Q1 2014-5.7%
Q4 2013+1.2%
Q3 2013-5.0%
Q2 2013-0.9%
Q1 2013-1.5%
Q4 2012+1.7%
Q3 2012+0.8%
Q2 2012+2.6%
Q1 2012-0.6%
Q4 2011-1.0%
Q3 2011-5.4%
Q2 2011+3.1%
Q1 2011+1.8%
Q4 2010-1.9%
Q3 2010+5.7%
Q2 2010-1.5%
Q1 2010+1.2%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro