Tag: Peter Blake Ritchie Bros. CEO

Roadbuilding
Ritchie Bros. earnings rise 13%
Ritchie Bros. Auctioneers announced net earnings for 2011 of $76.6 million, and adjusted net earnings of $73.6 million. This represents a 13% increase in adjusted net earnings over the previous year. Ritchie’s auction revenues for 2011 grew 11 percent to $396.1 million compared to $357.4 million for the same period in 2010. The company conducted […]
February 29, 2012
Business
Ritchie Bros. earnings rise 13%
Ritchie Bros. Auctioneers announced net earnings for 2011 of $76.6 million, and adjusted net earnings of $73.6 million. This represents a 13-percent increase in adjusted net earnings over the previous year. Ritchie's auction revenues for 2011 grew 11 percent to $396.1 million compared to $357.4 million for the same period in 2010. The company conducted 228 unreserved industrial and construction equipment auctions in 13 countries throughout North America, Europe, the Middle East, Central America and Australia during 2011. In 2011, gross auction proceeds were $3.7 billion, 13 percent higher than in 2010 and the highest in the company's history. The company's auction revenue rate (auction revenues as a percentage of gross auction proceeds) was 10.66 percent during the year compared to 10.90 percent in 2010. Ritchie's revised fee structure, which came into effect on July 1, 2011, contributed $21.9 million to auction revenues for 2011.
February 29, 2012
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