See below for the highlights from our two most recent financial years. Note: all dollar figures are stated in U.S. dollars.

Financial Results

Year ended December 31 2011 2010
Auction revenues $396.1 million $357.4 million
Auction revenue rate1 10.66% 10.90%
Net earnings $76.6 million $65.9 million
Diluted earnings per share $0.72 $0.62

Operating Data – Industrial Auctions

Year ended December 31 2011 2010
Gross auction proceeds2 (total) $3.7 billion $3.28 billion
Gross auction proceeds (online) $1.1 billion $872 million
Permanent auction sites 35 35
Regional auction units 8 8
Industrial auctions conducted 228 193
Lots sold – industrial 268,500 281,000
Consignors – industrial 41,300 41,000
Bidder registrations – industrial 385,000 343,000
Buyers – industrial 95,500 96,000
Average industrial auction in GAP $15.5 million $13.4 million

1 – Auction revenue rate = auction revenues as a percentage of GAP

2 – Gross auction proceeds (GAP) represent the total proceeds from all items sold at our auctions.  It is not a measure of our financial performance, liquidity or revenue and is not presented in our consolidated financial statements.  Please refer to our period securities filings for further details about gross auction proceeds.

Gross Auction Proceeds

Notice: Readers are advised that the information presented on this web site was accurate at the time of posting, but may be superseded by subsequent disclosures. The Company undertakes no obligation to update these documents to reflect subsequent disclosures.

Investor Contact

Ben Chow
Corporate Development Manager
Ritchie Bros. Auctioneers


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