Ritchie Bros. Revenue Up 3% in 2021

Ritchie Bros. reported total revenue of $1.42 billion for 2021, up 3 percent from 2020 revenue of $1.38 billion. Service revenue was $917 million, up 4 percent, and inventory sales revenue was $499 million, down 1 percent.

Operating income decreased 9 percent for the year, to $240.1 million compared to $263.2 million in 2020.

Source: Ritchie Bros.