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Ritchie Bros. income almost flat

Christian Fernsby |
Ritchie Bros. reported Q2 results.

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Topics: RITCHIE BROS.   

Net income attributable to stockholders decreased 2% to $53.0 million, compared to $54.0 million in Q2 2019.

Total revenue in Q2 2020 decreased 1% to $389.1 million as compared to Q2 2019.

Service revenue in Q2 2020 was $234.1 million, flat compared to Q2 2019.

Inventory sales revenue in Q2 2020 decreased 2% to $154.9 million as compared to Q2 2019.

Cash provided by operating activities was $198.3 million for the first half of 2020.

Cash on hand at Q2 2020 was $538.0 million, of which $389.7 million was unrestricted.


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