A sign outside Richie Bros. Auctioneers, in Longmont, Colo., on Feb. 21, 2017.Rick Wilking/Reuters
Ritchie Bros. Auctioneers Inc. RBA-N says it expects its fourth-quarter profit to come in between US$42-million and US$45-million.
In its preliminary results for the quarter ended Dec. 31, the company, which keeps its books in U.S. dollars, says it expects total revenue of about US$444-million.
For the full year, Ritchie Bros. says it expects net income between US$317-million and US$320-million. Total revenue for the year is expected to be about US$1.7-billion.
The company is expected to report its full financial results after the close of markets on Feb. 21.
The preliminary look at the results came as the company works to win shareholder support for its plan to buy automotive salvage company IAA.
Shareholders of both companies are to vote on the proposed deal on March 14.