Exklusiver Live-Stream direkt von der World of Trading - 2 Tage mit einzigartigen Themen und Experten. Kostenlos teilnehmen + Videos erhalten. -w-
07.11.2022 12:48:10

Ritchie Bros. Q3 Adj. Profit Rises; Ritchie Bros. To Acquire IAA

(RTTNews) - Ritchie Bros. Auctioneers Incorporated (RBA, RBA.TO) reported that its third quarter adjusted earnings per share increased 18% year-over year to $0.53. Analysts polled by Thomson Reuters expected the company to report profit per share of $0.49, for the quarter. Analysts' estimates typically exclude special items. Net income increased 33% to $42.9 million. Earnings per share increased 31% to $0.38.

Total revenue increased 25% year-over-year to $411.5 million. Gross transaction value increased 7% to $1.4 billion or 10% when excluding the impact of foreign exchange. Analysts on average had estimated $485.92 million in revenue.

Separately, Ritchie Bros. and IAA, Inc. (IAA) announced they have entered into a definitive agreement under which Ritchie Bros. will acquire IAA in a stock and cash transaction valued at approximately $7.3 billion including the assumption of $1.0 billion of net debt. IAA stockholders will receive $10.00 in cash and 0.5804 shares of Ritchie Bros. common stock for each share of IAA common stock they own. The purchase price is valued at $46.88 per share. Upon completion, Ritchie Bros. stockholders will own approximately 59% of the combined company and IAA stockholders will own approximately 41%.

The acquisition is expected to be accretive to Ritchie Bros.' adjusted earnings per share by low single digits in the first full year following the transaction close and mid-teens accretive after that. Ann Fandozzi will continue to serve as CEO.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

Nachrichten zu Ritchie Brothers Auctioneers IncShsmehr Nachrichten

Keine Nachrichten verfügbar.

Analysen zu Ritchie Brothers Auctioneers IncShsmehr Analysen

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!