Ritchie Bros. Auctioneers announced certain preliminary, unaudited financial results for the Q4 and FY22. Sees Q4 GTV of $1.5B; net income $42M-$45M; adjusted EBITDA $118M-$122M. "Ritchie Bros.’ strong finish to 2022 is a testament to our team’s continued focus on the customer paired with solid execution. We are excited about the anticipated closing of the IAA transaction and accelerating progress toward our vision of creating a trusted Global Marketplace for Insights, Services and Transaction solutions for Commercial Assets and Vehicles," said Ann Fandozzi, CEO of Ritchie Bros. Sees FY23 revenue $1.7B, consensus $1.7B. Sees FY23 gross transaction value of approximately $6.0B; net income $317M-$320M; adjusted EBITDA $461M-$465M; short- and long-term debt $610M; net debt $116M.
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