POST Online Media Lite Edition



 

Ritchie Bros. Q2 net income increased 18%

Christian Fernsby |
Ritchie Bros. Auctioneers reported results for the second quarter ended June 30, 2019.

Article continues below




Net income attributable to stockholders for Q2 2019 increased 18% to $54.0 million, and diluted earnings per share ("EPS") attributable to stockholders increased 17% to $0.49 per share, compared to the same period in 2018.

Total revenue in Q2 2019 increased 27% to $393.2 million as compared to Q2 2018.

Total selling, general and administrative expenses in Q2 2019 decreased 4% to $97.7 million as compared to Q2 2018.

Operating income in Q2 2019 increased 20% to $78.0 million as compared to Q2 2018.

Cash provided by operating activities was up 49% to $160.4 million for the first half of 2019.


What to read next

Ritchie Bros. Q2 revenue $158.8 million
Moss Bros full year profit increased 23%
Bovis Homes builds higher earnings in first half