Ritchie Bros. Auctioneers Incorporated reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 484.55 million compared to USD 396.36 million a year ago. Net income was USD 53.37 million compared to USD 60.75 million a year ago. Basic earnings per share from continuing operations was USD 0.48 compared to USD 0.55 a year ago. Diluted earnings per share from continuing operations was USD 0.48 compared to USD 0.55 a year ago.
For the six months, revenue was USD 878.47 million compared to USD 727.92 million a year ago. Net income was USD 231.46 million compared to USD 88.94 million a year ago. Basic earnings per share from continuing operations was USD 2.09 compared to USD 0.81 a year ago. Diluted earnings per share from continuing operations was USD 2.07 compared to USD 0.8 a year ago.