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Ritchie Bros. Auctioneers Inc. Q2 2010 Earnings Call Transcript

Ritchie Bros. Auctioneers Inc. (RBA)

Q2 2010 Earnings Conference Call

August 6, 2010 11:00 AM ET

Executives

Peter Blake – CEO

Jeremy Black – VP, Business Development

Rob Mackay – President

Rob McLeod – CFO

Robert Armstrong – COO

Analysts

Nate Borchmann – William Blair & Co.

Scott Stember – Sidoti & Co.

Ben Cherniavsky – Raymond James

Jamie Sullivan – RBC Capital Markets

Lawrence De Maria – Sterne Agee

David Wells – Thompson Research Group

Scott Schneeberger – Oppenheimer

Matt McGary (ph) – Sentinel Investments

Presentation

Operator

Good morning. My name is Andrea and I will be your conference operator today. At this time, I would like to welcome everyone to the Ritchie Brothers Auctioneers Q2 2010 Earnings Conference Call.

(Operator Instructions)

Thank you. I would now like to turn the call over to our host, Mr. Peter Blake, CEO for Ritchie Brothers. Please go ahead, sir.

Peter Blake

Thanks, Andrea. That’s quite a mouthful. Hey, thank you. Good morning, everyone. Thanks for joining us today on the call today, Ritchie Brothers Auctioneers Q2 2010 Investor Call.

I’m Peter Blake, CEO of Ritchie Brothers. I’m joined on the call today, here in Vancouver with Bob Armstrong, our Chief Operating Officer, Rob Mackay, our President, Rob McLeod, our CFO and Jeremy Black, our Vice President of Business Development and Corporate Secretary.

Before we get to the business of today’s call, I would like to make a Safe Harbor statement. The following discussion will include forward-looking statements as defined by SEC and Canadian rules and regulations. Comments that are not statements of fact, including projections of future earnings, revenue, gross auction proceeds or other financial items are considered forward-looking and involve risks and uncertainties.

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