Ritchie Bros. Auctioneers Incorporated reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported gross auction proceeds of $845,353,000 against $864,506,000 for the same period last year. Earnings from operations were $21,608,000 against $27,873,000 for the same period last year. Earnings before income taxes were $20,461,000 against $27,822,000 for the same period last year. Net earnings were $14,046,000 or $0.13 per diluted share against $17,969,000 or $0.17 per diluted share for the same period last year. Adjusted net earnings were $14,046,000 or $0.13 per diluted share against $17,969,000 or $0.17 per diluted share for the same period last year. The company also announced on April 26, 2013 the declaration of a quarterly dividend of $0.1225 per common share payable on June 7, 2013 to shareholders of record on May 17, 2013. The company continue to believe adjusted net earnings before tax for 2013 will be at least 15% higher than last year's earning before tax. CapEx is on plan to spend in the range of $60 million in 2013.

Ritchie Bros. Auctioneers Incorporated announced that they will report Q1, 2013 results at 11:00 AM, US Eastern Standard Time on Apr 30, 2013

Ritchie Bros. Auctioneers Incorporated, Q1 2013 Earnings Call, Apr 30, 2013