Ritchie Bros Q1 2023: revenue $512M, adj EPS $0.57; IAA integration progressing

RB GLOBAL INC.

2023-Q1 EPS reported -$0.28 revenue$512,400,000

GTV $1.9B (+32% YoY) on $314.8M from IAA (11 days post-close); organic GTV up 10%.
Net loss $28.2M vs profit year ago; diluted EPS loss $0.28; adjusted EPS $0.57 (+24%).
Service revenue $343.6M (+40%) with 18.1% take rate (+110 bps); inventory sales $168.8M.
Declared $0.27/share quarterly dividend, payable June 20 to holders of record May 30.
Pro forma combined Q1 2023 GTV $3.7B; adjusted net debt/EBITDA 5.4x.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RB GLOBAL INC. reported the three months ended March 31, 2023 results: revenue $512.4 million, net income a loss of $28.2 million, EPS ($0.28) per share.

Period: the three months ended March 31, 2023
Revenue: $512.4 million
Net income: a loss of $28.2 million
EPS: ($0.28) per share
Result: reported results

Exact text from the filing

million from the impact of the acquisition of IAA, Inc. (“IAA”), and increased 34% when excluding the impact of foreign exchange. ● Total revenue increased 30% year-over-year to $512.4 million, which includes $80.0 million from the impact of the acquisition of IAA. ● Service revenue increased 40% year-over-year to $343.6 million, which includes $67.1 million from the

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Source: SEC EDGAR

accession 0001558370-23-009088

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