| Business Summary | | Ritchie
Bros.
Auctioneers
Inc.
is
an
auctioneer
of
industrial
equipment,
operating
through
more
than
80
locations
in
North
and
Central
America,
Europe,
Asia,
Australia,
Africa
and
the
Middle
East.
The
Company
sells,
through
public
auctions,
a
broad
range
of
used
industrial
equipment,
including
equipment
used
in
the
construction,
transportation,
mining,
forestry,
petroleum
and
agricultural
industries.
Ritchie
Bros.
conducts
its
auctions
on
an
unreserved
basis.
There
are
no
minimum
prices
and
consignors
are
not
permitted
to
bid
on
their
own
equipment
or
in
any
way
artificially
affect
selling
prices.
The
Company's
worldwide
marketing
efforts,
together
with
the
fact
that
it
does
not
charge
buyers'
premiums,
enable
Ritchie
Bros.
to
attract
a
broad
international
base
of
customers
to
its
auctions,
thereby
providing
a
global
marketplace
that
can
transcend
local
market
conditions. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RBA
sells,
through
public
auctions,
a
broad
range
of
used
industrial
equipment,
including
equipment
used
in
the
construction,
transportation,
mining,
forestry,
petroleum
and
agricultural
industries.
For
the
six
months
ended
6/30/01,
revenues
rose
7%
to
$60.5
million.
Net
income
fell
3%
to
$9.4
million.
Results
reflect
an
increase
in
gross
auction
sales
in
Canada,
the
U.S.
and
the
United
Arab
Emirates,
offset
by
a
higher
effective
tax
rate. | More
from
Market Guide: Significant
Developments |
| | |
| Position | David Ritchie, 62 | CEO,
Director | C. Russell Cmolik | Pres,
COO | Randall Wall | Managing
Director- Europe and Middle East Divisions | Peter Blake | VP
of Fin., CFO, | Edward Banser | VP-
South Central Division |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|