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Ritchie Bros. Q4 net income decreased 5%

Christian Fernsby |
Ritchie Bros. Auctioneers Incorporated reported results for the fourth quarter and full year ended December 31, 2020.

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Topics: RITCHIE   

Net income attributable to stockholders decreased 5% to $48.9 million, compared to $51.6 million in Q4 2019.

Adjusted net income attributable to stockholders*(non-GAAP measures), which excludes $5.2 million of acquisition-related costs ($3.9 million net of tax) related to the acquisition of Rouse Services and $1.5 million current income tax expense related to an unfavourable adjustment to reflect final regulations published regarding hybrid financing arrangements, increased 13% to $54.3 million as compared to $48.2 million in Q4 2019.

Diluted earnings per share ("EPS") attributable to stockholders decreased 6% to $0.44 per share in Q4 2020 compared to $0.47 per share in Q4 2019. Diluted adjusted EPS attributable to stockholders(non-GAAP measures) which excludes adjusting items, increased 11% to $0.49 per share at Q4 2020 compared to $0.44 per share in Q4 2019.

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