Last C$30.99 CAD
Change Today +0.49 / 1.61%
Volume 59.4K
RBA On Other Exchanges
Symbol
Exchange
New York
Toronto
Frankfurt
As of 1:00 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

ritchie bros auctioneers (RBA) Snapshot

Open
C$30.48
Previous Close
C$30.50
Day High
C$31.01
Day Low
C$30.48
52 Week High
12/24/14 - C$31.01
52 Week Low
05/26/14 - C$23.48
Market Cap
3.3B
Average Volume 10 Days
188.6K
EPS TTM
C$0.90
Shares Outstanding
107.4M
EX-Date
11/19/14
P/E TM
29.6x
Dividend
C$0.55
Dividend Yield
1.93%
Current Stock Chart for RITCHIE BROS AUCTIONEERS (RBA)

Related News

No related news articles were found.

ritchie bros auctioneers (RBA) Related Businessweek News

View More BusinessWeek News

ritchie bros auctioneers (RBA) Details

Ritchie Bros. Auctioneers Incorporated sells industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine, and real estate industries through its unreserved auctions and online marketplaces. The company operates in two segments, Core Auction and EquipmentOne. The Core Auction segment operates a network of auction locations that conduct live and unreserved auctions with both on-site and online bidding. The EquipmentOne segment operates a secure online marketplace that facilitates private equipment transactions. The company primarily serves buyers and sellers of equipment, trucks, and other industrial assets; and retail buyers, such as contractors, as well as truck and equipment dealers, rental companies, and brokers. It operates from approximately 110 locations in 25 countries, including 44 auction sites. The company was founded in 1958 and is headquartered in Burnaby, Canada.

1,472 Employees
Last Reported Date: 11/4/14
Founded in 1958

ritchie bros auctioneers (RBA) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $356.0K
Chief Sales Officer - Global Key Accounts
Total Annual Compensation: $470.5K
Chief Strategic Development Officer
Total Annual Compensation: $367.0K
Compensation as of Fiscal Year 2013.

ritchie bros auctioneers (RBA) Key Developments

Ritchie Bros. Auctioneers Incorporated Reports Sales Results for the Fourth Quarter of 2014

Ritchie Bros. Auctioneers Incorporated reported sales results for the fourth quarter of 2014. The company announced it achieved record gross auction proceeds of $1.2 billion, increasing 11.7% year-on-year. The company sold about $4.2 billion of equipment during 2014, representing a new annual record for the company with gross auction proceeds increasing 10.5% relative to 2013.

Ritchie Bros. Auctioneers Incorporated Announces Management Changes

Ritchie Bros. Auctioneers Incorporated announced several changes to its reporting structure and senior management team. Effective immediately, three regional business leaders have been appointed to oversee and drive regional performance. Randy Wall has been appointed President, Canada; Jeroen Rijk has been appointed SVP, Managing Director, Europe; and, Kieran Holm has been appointed VP, Managing Director, Asia Pacific. Reporting structures into these regional leaders will transition over the coming weeks, and are expected to be in place early in 2015. The regional leaders will oversee all sales, operations, field marketing and support functions, with full P&L and cash flow responsibilities in their respective regions, and will report into Mr. Saligram. The Company will shortly initiate a search for the role of President -U.S. and Latin America. In the interim, Mr. Saligram will directly oversee this business. The company is also pleased to announced the appointment of Jim Barr as Group President, Emerging Businesses, Brand Innovation and Technology Services. In this role, Mr. Barr will oversee EquipmentOne, Ritchie Bros. Financial Services, and the company's marketing and information technology departments. He will also be responsible for developing new revenue channels through complementary products and services. Mr. Barr was most recently Executive Vice President and Chief Digital Officer at OfficeMax, where he led the development of a digital and omni-channel transformational growth strategy and roadmap, turning digital services into a growth engine for the company. Previously, Mr. Barr held roles as President, Online, at Sears Holding Corporation; General Manager, Commerce & Marketplaces at Microsoft Corporation. Kenton Low, Chief Marketing Officer, Bill Cooksley, SVP Information Technology, and Chris Connell, President of EquipmentOne, will report to Mr. Barr. He will also work closely with Jim Case, CEO of Ritchie Bros. Financial Services. Randy Wall, President of Canada, will be based out of Vancouver. He was most recently Chief Productivity Officer, and prior to that, President and Chief Operating Officer, having rejoined the vompany in 2013. Jeroen Rijk, SVP and Managing Director of Europe, will be based out of the Company's Breda, Netherlands, office. Jeroen has over 19 years of experience at Ritchie Bros., and was most recently Head of Sales for all of Europe. Kieran Holm, VP and Managing Director of Asia Pacific, will be relocating to Japan and will oversee the Company's Asia and Australia performance. Most recently, Mr. Holm was a regional VP of Sales in the U.S. and previously pioneered Ritchie Bros.' expansion into new market segments. Mr. Holm received his MBA from McGill University (Tokyo campus) and has previously spent many years living in Japan. Karl Werner will take on the additional responsibility of Managing Director, Middle East on an interim basis. In his primary role as Chief Operational Support and Development Officer he will be strategically focused on global operational excellence, driving operational innovations and overseeing online operations. Specifically, Mr. Werner will be responsible for developing and implementing company-wide operational processes, metrics and standards; ensuring operational competencies remain a distinct competitive advantage; promoting the use of operational best practices globally; ensuring global consistency in the customer experience; and, supporting the regional business leaders to improve RONA. Mr. Werner will continue to report to Mr. Saligram. As part of the new organizational structure and priorities for the Company, the corporate CFO role will be expanded to place more emphasis on capital allocation, and will also oversee the Company's legal, internal audit and risk management activities. In this context, Rob McLeod, current CFO, will transition to a new role as CFO, Americas, in 2015, and will be responsible for the financial functions in Canada, U.S., and Latin America. Rob will play an integral role in partnering with an externally hired President - U.S. and Latin America, to unlock the full potential of the key U.S. market. Both Mr. Werner and Mr. McLeod will continue to be based out of the Company's Vancouver headquarters. As part of this reorganization, Steve Simpson will assume the role of Chief Sales Officer, Global Key Accounts - focusing on securing large special situation contracts, and driving incremental business development. It is also with great regret that Ritchie Bros. announced that Bob Armstrong will be leaving the company at year end. Andrew Muller, Chief People Officer, will also be leaving the Company in mid-November to pursue other opportunities.

Ritchie Bros. Auctioneers Incorporated Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Impairment Loss for the Third Quarter of 2014; Provides Capital Expenditure Guidance for the Year 2014

Ritchie Bros. Auctioneers Incorporated announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $102,217,000 against $105,800,000 a year ago. Earnings from operations were $19,805,000 against $25,398,000 a year ago. Earnings before income taxes were $15,891,000 against $25,633,000 a year ago. Net earnings attributable to equity holders of the parent were $9,342,000 or $0.09 per basic and diluted per share against $16,296,000 or $0.15 per basic and diluted per share a year ago. Adjusted net earnings were $14.5 million or $0.13 per diluted share against $15.9 million or $0.15 per diluted share a year ago. EBITDA was $31.2 million against $36.2 million a year ago. For the nine months, the company reported revenues of $342,640,000 against $336,180,000 a year ago. Earnings from operations were $89,251,000 against $88,641,000 a year ago. Earnings before income taxes were $86,601,000 against $87,342,000 a year ago. Net earnings attributable to equity holders of the parent were $62,206,000 or $0.58 per basic and diluted per share against $60,080,000 or $0.56 per basic and diluted per share a year ago. Adjusted net earnings were $67.3 million a 13% increase compared to adjusted net earnings for the same period last year. EBITDA was $122.2 million, 1% higher than EBITDA of $120.5 million a year ago. Free cash flow, excluding changes in working capital, increased to $82.2 million during the nine months ended September 30, 2014, compared to $60.4 million during the same period in 2013, representing a 36% increase. Capital expenditures were $30.3 million, compared to $40.9 million in the same period a year ago, representing a 26% decrease. For the third quarter, the company provided impairment loss of $8,084,000. For the year 2014, the company expects capital expenditures in the range of $40 million to $45 million.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
RBA:CN C$30.99 CAD +0.49

RBA Competitors

Market data is delayed at least 15 minutes.

Company Last Change
eBay Inc $57.10 USD -0.125
Overstock.com Inc $24.24 USD -0.32
View Industry Companies
 

Industry Analysis

RBA

Industry Average

Valuation RBA Industry Range
Price/Earnings 28.4x
Price/Sales 5.8x
Price/Book 3.9x
Price/Cash Flow 19.4x
TEV/Sales 4.9x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact RITCHIE BROS AUCTIONEERS, please visit www.rbauction.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.