RBA - Ritchie Bros Auctioneers Non-GAAP EPS of $0.57 beats by $0.12 revenue of $512.4M beats by $78.8M

2023-05-10 16:44:41 ET

• Ritchie Bros Auctioneers press release ( NYSE: RBA ): Q1 Non-GAAP EPS of $0.57 beats by $0.12 .
• Revenue of $512.4M (-8.1% Y/Y) beats by $78.8M .
• Service revenue increased 40% year-over-year to $343.6 million, which includes $67.1 million from the impact of the acquisition of IAA.
• Inventory sales revenue increased 13% year-over-year to $168.8 million, which includes $12.8 million from the impact of the acquisition of IAA.
• Net income decreased to a loss of $28.2 million.

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