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Earnings Call 
 
Ritchie Bros. Auctioneers Fourth Quarter Earnings Call
31st March 2008 00:00 AM
The company achieved an all-time high Gross Auction Proceeds (GAP) of $2.72 billion, an increase of 30% from last year’s figure of $2.1 billion.
The world’s largest auctioneer of industrial equipment finished fiscal 2006 with net earnings of $57.2 million, or $1.64 per diluted weighted average share, representing a 7% increase versus 2005 net earnings of $53.6 million, or $1.54 per diluted weighted average share. Over the past four years, GAP has grown at 13%, 15%, 17% and the current 30%, despite the management rating a more sustainable GAP growth of 10% per year. The long-term average EPS growth remains at 15% per annum.
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