Ritchie Bros. Profit Rises

Ritchie Bros. Auctioneers said it earned $19.9 million, or 19 cents per share, in the first quarter, compared to $16.4 million, or 16 cents, a year ago.

Gross auction proceeds rose 2% in that period to $798 million, the company said in a statement.

Ritchie Bros. auctions industrial equipment, including trucks.