Ritchie Bros. (NYSE:RBA) continues to grow its global scale.
- Competition remains fragmented, RBA focused on growing sales and expanding globally.
EquipmentOne, a web based sales platform, remains a growth initiative and a natural adjacency to the core auction business.
- Tough weather conditions in Q1 delayed some revenue to Q2, and could provide some revenue timing issues in terms of comparable analysis.
Sometimes the market doesn't react the way you think it will. That is true of the price action in shares of Ritchie Bros. ("RBA") after it reported what appeared like solid earnings. RBA achieved record auction proceeds, $1.1 billion, which translated into record Q4 earnings of $30.3 million, 36% higher than the prior...