Ravi Saligram Related Content

Ritchie Bros. Creates PriorityBid Feature for Live Auctions

As part of its efforts to make buying equipment easier, Ritchie Bros. has created PriorityBid, which will allow buyers to make proxy bids online for items in its live auctions up to a week before the sale. read more

Ritchie Bros. Reports Q2/2019 Results, Names Interim Co-CEOs

Ritchie Bros. Auctioneers reported its results for the three months ended June 30, 2019. Net income attributable to stockholders increased 18% to $54 million year over year. read more

Ritchie Bros. Sells $93MM+ at Columbus Auction in June

On June 27-28, Ritchie Bros. held a pipeline construction event in Columbus, OH and sold more than 5,000 items for $93+ million over two days, including 138 pipelayers sold for $45+ million in just two hours. read more

Saligram to Step Down as Ritchie Bros. CEO

Ravi Saligram, CEO and board member of Ritchie Bros. Auctioneers, informed the Board of Directors that he will step down from his positions effective October 1, 2019. read more

Ritchie Bros. Q1 Revenue Up 17% Y/Y

Ritchie Bros. Auctioneers Q1/19 net income increased 6% to $18.2 million compared to $17.1 million in Q1/18. read more

Ritchie Bros. Appoints Jeter, Taylor to Executive Roles in North America

Ritchie Bros. named Jeff Jeter president, Upstream & Emerging Businesses, North America and Kari Taylor chief sales officer, U.S. Regions, as part of an organizational realignment in North America. read more

$56.3MM Operating Income for Ritchie Bros. in Q4/2018

Ritchie Bros. Auctioneers reported its fourth quarter results for 2018, which included an operating income of $56.3 million – an increase of 41% compared to $40 million in the fourth quarter of 2017 read more

Ritchie Bros. Hits $297MM+ in World’s Largest Equipment Auction

Ritchie Bros. hosted its largest auction ever at a 220-acre auction site in Orlando, FL. Over six days, the company sold 13,350+ assets for over $297 million — up 7% from last year's $278+ million total. read more

Ritchie Bros. Wins Multiple Leadership Awards in 60th Anniversary Year

Ritchie Bros. CEO Ravi Saligram was recently recognized as one of the Executives of the Year from the Best in Biz Awards and as B.C. CEO of the Year from Business in Vancouver. read more

Ritchie Bros. Introduces New Asset Management & Disposition Solution

Ritchie Bros. introduced RB Asset Solution, a new online asset management and disposition system. read more

Ritchie Bros. Experiences 159% Increase in Q2/18 Net Income

Ritchie Bros. Auctioneers reported net income attributable to stockholders of $45.7 million in Q2/18, which was an improvement of 159% compared to the $17.6 million reported in Q2/17. read more

Ritchie Bros. President of New Sectors to Resign

Greg Owens, the former CEO of IronPlanet and current group president of New Sectors & Ventures for Ritchie Bros., will resign from his post on July 27. read more

Ritchie Bros. Reports 65% Increase in Net Income During Q1/18

Ritchie Bros. reported Q1/18 net income of $17.1 million, which marked a 65% improvement compared to $10.4 million for the same quarter in 2017. read more

Ritchie Bros. Intros Marketplace-E, a New Way to Buy/Sell Equipment

Ritchie Bros. announced the launch of Marketplace-E, a new way to buy and sell equipment. read more

Ritchie Bros. Holds Record-Breaking Auction in Orlando, FL

At its recent Orlando, FL auction, Ritchie Bros. sold more than 12,000 equipment items and trucks, reaching $278 million in sales, making it Ritchie Bros.' largest auction ever in its 60-year history. read more

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