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Ritchie Bros. CEO Discusses Q3 2010 Results – Earnings Call Transcript

Ritchie Bros. Auctioneers Incorporated ( RBA)

Q3 2010 Earnings Call Transcript

November 2, 2010 11:00 am ET

Executives

Peter Blake – CEO

Rob Mackay – President

Jeremy Black – VP, Business Development and Corporate Secretary

Bob Armstrong – COO

Rob McLeod – CFO

Analysts

Bert Powell – BMO Capital Markets

Scott Stember – Sidoti & Company

Jamie Sullivan – RBC Capital Markets

Hamzah Mazari – Credit Suisse

Scott Schneeberger – Oppenheimer

David Wells – Thompson Research Group

Craig Kennison – Robert W. Baird & Company

Gary Prestopino – Barrington Research

Presentation

Operator

Good morning. My name is Beth, and I will be your conference operator today. At this time, I would like to welcome everyone to the Ritchie Brothers Auctioneers 2010 quarter three earnings call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions)

Thank you. Peter Blake of Ritchie Brothers, you may begin your conference.

Peter Blake

Great, thanks Beth, and good morning everyone. I am Peter Blake, CEO of Ritchie Brothers, and thanks for joining us on the call today, our Q3 2010 investor conference call. I am joined today by 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 start, 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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