, Canada, Manitoba Operating margins came in at . : Inventory return divided by inventory sales revenue. , Canada, Rolling Hills Search, view and compare equipment selling prices for the past two years, including construction equipment, farm equipment and trucks when you get access to Ritchie . GTV and Selected Condensed Consolidated Financial Information, GTV and Condensed Consolidated Income Statements Fourth Quarter(in U.S. dollars $000's, except share, per share amounts and percentages)(Unaudited), Gain on disposition of property, plant and equipment. , Canada, Western Canada , Canada, Grimshaw Second Quarter 2022 Earnings Conference Call. GTV is not a measure of financial performance, liquidity, or revenue, and is not presented in the Company's consolidated financial statements. , Canada, Elm Creek C I M Charity Auction, USA. , Canada, Brandon We offer a wide range of unused and used equipment and trucks for sale: Keyword: Industry: All Industries. , SK , Canada, Porcupine Plain VANCOUVER, BC, Aug. 8, 2021 /PRNewswire/ - Ritchie Bros., a leading global asset management, disposition, and services company; and Europe's leading plant and machinery auction house, Euro . Auction Results: CA$65+ million of equipment sold in Edmonton, AB, SmartEquip celebrates record global network growth, Visit Ritchie Bros. at CONEXPO/CON-AGG this March, Highest selling heavy construction equipment sold on GovPlanet, Everything you need to know about Humvee vehicles, Equipment inspection tips: skid steer loaders, When to buy, lease or rent used heavy equipment or trucks. Selling prices of similar items. . We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. Each of Ritchie Bros. and IAA may also file other relevant documents with the SEC and/or applicable Canadian securities regulatory authorities regarding the proposed IAA transaction. PERMISSION TO CONTACT YOU BY EMAIL By providing your e-mail address, you confirm that you are providing , Canada, Steelman Auction Results. The unreserved online auction attracted more than 10,800 online bidders from 63 countries. The remaining 8% was purchased by international buyers from as far away as Egypt, Poland, and Vietnam. , United States, Polotitlan If you experience any issues with this process, please contact us for further assistance. Your email address will not be published. , SK , SK Please refer to pages 14-15 for a summary of adjusting items during the three months ended December 31, 2022 and December 31, 2021. , Canada, Taylor , Canada, Hanley *The information collected will be retained in accordance with our privacy statement. You must click the activation link in order to complete your subscription. Buy used equipment. , Canada, Tangent About this app. , United States, Arran , Canada, Wadena $0.7 million of non-recurring advisory, legal and restructuring costs related to SOX remediation costs relating to efforts to remediate the material weaknesses identified in 2020, which has been retrospectively applied to the third quarter of 2021. The following table reconciles adjusted EBITDA to net income, which is the most directly comparable GAAP measure in, or calculated from, the consolidated financial statements: Adjusted EBITDA is calculated by adding back depreciation and amortization, interest expense, income tax expense, and subtracting interest income from net income, as well as adding back share-based payments expense, acquisition-related costs, loss (gain) on disposition of property, plant and equipment, change in fair value of derivatives, non-recurring advisory, legal and restructuring costs which includes terminated and ongoing transaction costs, and excluding the effects of any non-recurring or unusual adjusting items. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. , AB This increase in mix was mainly driven by our strategic accounts in the United States. With our fifth Edmonton, AB auction of the year, we attracted more than 16,500 bidders to compete for 10,000+ items, generating CA$99+ million (US$73+ million) in gross transaction value. The June 21 - 23 auction attracted more than 10,000 bidders from the 5,900 . , Canada, Roblin Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services, and private brokerage . When you work with Ritchie Bros. everything is first class, said Cortney Laney, Vice President & Chief Operating Officer for MDS Boring & Drilling. , Canada, Gilbert Plains Ritchie Bros. - C I M Charity Auction, USA - Wednesday Jan 18, 2023. , SK Support Contact us Frequently Asked . February 14 - 16 unreserved auction attracted 14,500+ bidders to compete for 6,500+ items. Non-GAAP measures do not have a standardized meaning and are, therefore, unlikely to be comparable to similar measures presented by other companies. , MD Operating in a number of sectors, including construction, commercial transportation, agriculture, energy, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Ritchie List, a self-serve listing service for North America; Mascus, a leading European online equipment listing service; Ritchie Bros. The unreserved online auction attracted more than 10,800 online bidders . , SK Auction Results. Please try again. It's fast and free. $1.5 million of non-recurring advisory, legal and restructuring costs, which include $1.1 million of terminated and ongoing transaction and legal costs relating to mergers and acquisition activity, $0.3 million of severance and retention costs in connection with the restructuring of our information technology team during the first quarter of 2022 driven by our strategy to build a new digital technology platform, and $0.1 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021. This item will be selling through a Timed Auction. Home > Auction Results. , SK , SK $2.6 million of non-recurring advisory, legal and restructuring costs, which include $1.4 million of terminated and ongoing transaction and legal costs relating to mergers and acquisition activity, $0.7 million of SOX remediation costs relating to efforts to remediate the material weaknesses identified in 2020, and $0.5 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021. Save my name, email, and website in this browser for the next time I comment. : Represents total proceeds from all items sold at the Company's auctions and online marketplaces. /selling/sell-now Whether you have one piece of equipment, a fleet of trucks or an entire farm to sell, we can turn your valuable assets into cash - quickly, efficiently and for the best possible returns. , MB Get Free Auction Results. Ritchie Bros. Feb 20, 2023, 07:00 ET. "Ritchie Bros. delivered outstanding bottom line performance in 2022 with record $6.0 billion in GTV," said Ann Fandozzi, CEO of Ritchie Bros. "These results reflect the high bar we set for . A lot is defined as a single asset to be sold, or a group of assets bundled for sale as one unit. , AB , TX We continue to see strong demand for late-model, low-hour equipment and trucks, said Nicolas Agudelo, Regional Sales Manager, Ritchie Bros. Even with tight supply, our Fort Worth event offered a diverse selection of equipment catering to buyers from a variety of industries.. Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. , Canada, Calgary , QC More ways to buy from all over the world. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. , AB , SK Register to bid online. . This metric excludes GovPlanet transactions. In addition, Canada saw an increased volume of inventory sold mainly in the commercial transportation and construction sectors. Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. {0} is an invalid phone number format. , Canada, Killam We are excited by the anticipated closing of the IAA acquisition and its expected impact to Ritchie Bros. for years to come. $0.1 million gain recognized on the disposition of property, plant and equipment. 2023-01-18 Rabu, 18 01 2023. , United States, Wilkie , MB {0} must be must be greater than 2 characters or be entered as "GD". Add to Watchlist. It's fast and free. , SK Ritchie Bros. - Tipton, CA, USA - Kamis, 22 12 2022. . Brexit. As long as you're connected you can bid. , Canada, Balcarres Forward looking statements are made as of the date of this news release and the Company does not undertake any obligation to update the information contained herein unless required by applicable securities legislation. , AB No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from, or in a transaction not subject to, such registration requirements. . Sell your equipment. Selling: Houston, TX, USA - Thu, Apr 13. Required fields are marked *. , Canada, Wetaskiwin Auction Results: US$63+ million of equipment sold in Houston, TX. You may obtain free copies of these documents from Ritchie Bros. or IAA free of charge using the sources indicated above. Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond the Company's control, including the duration and impact of the COVID-19 pandemic on the Company's operations, the operations of customers, and general economic conditions, including inflation, rising interest rates and foreign exchange rate fluctuation; the numerous factors that influence the supply of and demand for used equipment; economic and other conditions in local, regional and global sectors; the risk that a condition to closing of the Company's pending acquisition of IAA may not be satisfied (or waived), that either party may terminate the merger agreement or that the closing of the proposed IAA transaction might be delayed or not occur at all; the Company's ability to successfully integrate acquired companies including IAA, and to receive the anticipated benefits of such acquisitions; the significant costs associated with the pending IAA transaction; potential business disruption following the public announcement or consummation of the proposed IAA transaction; and the risks and uncertainties set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2022 and our subsequent quarterly reports on Form 10-Q, which are available on the SEC, SEDAR, and Company websites. , WA $0.2 million of non-recurring advisory, legal and restructuring costs related to SOX remediation costs relating to efforts to remediate the material weaknesses identified in 2020, which has been retrospectively applied to the second quarter of 2021. , Canada, James River Bridge On an adjusted basis, Ritchie Bros. says it earned 68 cents per diluted share, up from an adjusted profit . $8.8 million share based payments expense. Serving a broad range of industries, including construction, mining, over the road trucking, agriculture, government assets, automotive as well as oil and gas, we have conducted successful internet auctions since 1999 and sold more than $4 billion of equipment. , Australia, Yorkton New to our site? , United States, St Aubin Sur Gaillon , United States, North East , Canada, Kincaid Revenue totalled US$443.9 million for the quarter, up from $359.4 million a year earlier. An organization is considered activated on IMS when a customer has signed an annual multi-channel contract and has an IMS instance setup to allow for equipment to be directed to one of our transaction solutions digitally. Sign Me Up Login. $8.2 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. Conference call and webcast details are available at the following link:https://investor.ritchiebros.com. , SK US$244+ million of equipment sold in our 2023 Premier Global Auction in Orlando, FL. Updated within 24 hours of the end of an auction. /selling/sell-now Whether you have one piece of equipment, a fleet of trucks or an entire farm to sell, we can turn your valuable assets into cash - quickly, efficiently and for the best possible returns. (All figures are presented in U.S. dollars), "Ritchie Bros. delivered outstanding bottom line performance in 2022 with record $6.0 billion in GTV," said Ann Fandozzi, CEO of Ritchie Bros. "These results reflect the high bar we set for execution for our team and a strong focus on delivering value for our customers. Service revenue in Q1 2022 increased 19% to $244.9 million. Ritchie Bros. Auctioneers Online Auction. $9.6 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. Category: All Categories. Ritchie Bros. has grown from a small-town auctioneer to a global asset management and disposition company. , United States, Dunnigan Bids per lots sold , SK Diluted adjusted EPS attributable to stockholders eliminates the financial impact of adjusting items from net income attributable to stockholders that the Company does not consider to be part of the normal operating results, such as share-based payments expense, acquisition-related costs, amortization of acquired intangible assets, management reorganization costs, and certain other items, which the Company refers to as "adjusting items". , SK You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. Total number of organizations activated on the Business Inventory Management System increased by 465% year-over-year compared to 2021. Easy-to-use, self-serve interface, automatic inventory upload. , Canada, Hazenmore The following table reconciles adjusted operating income to operating income, which is the most directly comparable GAAP measure in the consolidated financial statements. , Canada, Vegreville Service revenue increased 14% year-over-year driven by higher buyer fees implemented in early 2022 and revenue growth from our Other Services. IronPlanet is the leading marketplace for the buying and selling of used equipment. , MB Read more. , Canada, Young Report Job. Solid execution from the at-risk team drove a robust 10.9% inventory rate. Other costs of services increased 91% year-over-year to $10.6 million mainly due to the acquisition of SmartEquip. Equipment highlights in the October Edmonton auction included 140+ truck tractors, 85+ excavators, 60+ skid steers, 60+ dozers, 25+ pipelayers, forestry equipment, and more. IronPlanet is the leading marketplace for the buying and selling of used equipment. GTV increased 9% year-over-year to $6.0 billion driven by continued strong demand, strong asset pricing and higher lot counts, partially offset by an unfavourable impact of foreign exchange and an unfavorable asset mix. We're trusted worldwide because we make buying and selling heavy equipment and trucks easy, efficient, fair, and transparent. Other Services selling, general and administrative expenses increased 29% year-over-year to $20.3 million due to higher labor costs from investments made for our growth initiatives in RBFS and Rouse, and the inclusion of SmartEquip. , SK , AB Sell your equipment. Our latest changes to Salvage Sale were designed to improve user experience, as well as grant more exposure to our inventory. By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. , United States, View Past , SK Despite a challenging supply, mix, and pricing environment, the Ritchie Bros. team is executing well, and we are confident in our ability to maintain the momentum.". Account holders can access 24 months of selling prices through Auction Results. , MB The Company uses adjusted EBITDA as a key performance measure because the Company believes it facilitates operating performance comparisons from period to period and provides management with the ability to monitor its controllable incremental revenues and costs. Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. , AB Bidding is open, transparent and fair no minimum bids, and no reserve prices. On August 3, 2022, the Company declared a quarterly cash dividend of $0.27 per common share, payable on September 14, 2022 to shareholders of record on August 24, 2022. The Registration Statement includes a joint proxy statement/prospectus which will be sent to the shareholders of Ritchie Bros. and stockholders of IAA seeking their approval of their respective transaction-related proposals. : Inventory sales revenue less cost of inventory sold. June 28, 2022. , NS VANCOUVER, BC, Feb. 21, 2023 /CNW/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (the "Company", "Ritchie Bros.", "we", "us", or "our") reported the following results for the fourth quarter, for the three months ended December 31, 2022. GTV increased 12% when excluding the impact of foreign exchange. Our Houston yard was very busy leading up to the auction with customers inspecting, testing, and comparing items prior to bidding online, said Chuck Roberson, Regional Sales Manager, Ritchie Bros. As expected, we continue to drive strong pricing for late-model, low-hour equipment and trucks, resulting in a lot of happy consignors., With Ritchie Bros., everything is first class. The December 13 - 15 Fort Worth auction attracted more than 12,600 registered bidders from 65+ countries, which is new . The June 21 23 auction attracted more than 10,000 bidders from the 5,900+ items consigned, with buyers from Texas purchasing approximately 48% of the equipment. 2 to the Initial Registration Statement filed with the SEC and applicable Canadian securities regulatory authorities on February 1, 2023 and February 9, 2023, respectively (together with the Initial Registration Statement, the "Registration Statement"). , SK Remember me. {0} must be between {1} and {2} characters. Equipment highlights included 330+ truck tractors, 120+ excavators, 40+ dozers, 20+ cranes, as well as directional drilling equipment, hundreds of trailers, and more. , SK First sign in or create an account. These adjustments in 2021 have been applied retrospectively to all periods presented, as applicable. , Canada, Colonsay may be of interest to you, and that you understand you may unsubscribe at any time. The largest of these events took place in Houston, TX, where we sold US$63+ million of equipment online for approximately 700 consignors. The February 20 - 24, 2023 auction attracted 22,600+ people from 80+ countries, with approximately 83% of the equipment selling to U.S. buyers, including 18% purchased by Floridians. Documents filed with the SEC and applicable Canadian securities regulatory authorities by Ritchie Bros. (when they are available) will be available free of charge by accessing the website of Ritchie Bros. at investor.ritchiebros.com under the heading Financials/SEC Filings, or, alternatively, by directing a request by telephone or mail to Ritchie Bros. at 9500 Glenlyon Parkway, Burnaby, BC, V5J 0C6, Canada, and documents filed with the SEC by IAA (when they are available) will be available free of charge by accessing IAA's website at investors.iaai.com or by contacting IAA's Investor Relations at [email protected]. Please try again. , SK Last week in Texas, we sold close to 5,000 equipment items and trucks over three days for US$71+ million in gross transaction value, which is up 25% from the same auction last year. , SK , Canada, Las Vegas How it works Buying Selling . Consolidated results: Total revenue in Q1 2022 increased 19% to $393.9 million. Service revenue as a percent of GTV increased 80 bps year-over-year to 17.4%. The Company's suite of solutions also includes Ritchie Bros. Asset Solutions and Rouse Services LLC, which together provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; plus equipment financing and leasing through Ritchie Bros. Financial Services. , Italy, Chilliwack Review our account terms and conditions and privacy statement to learn more about accessing a free account and how we process information. Id like to thank Ritchie Bros. and its employees for their professionalism throughout the entire consignment processthey were so friendly, polite, and respectful. Ritchie Bros. next Texas auction will be held at its Fort Worth site, with onsite bidding and events, on June 19 21. How to bid on this item. Adjusting items for the year Our Main Office. , Canada, Longmont When the auction yard dust settled, Ritchie Bros. sold more than 11,200 items for US$213 million in the massive six-day event. , Canada, Oakbank IronPlanet, Asset Appraisal Services, TruckPlanet, GovPlanet, Ritchie Bros. Energy, IronClad Assurance and Auctions you can trust are service marks of IronPlanet, Inc. All other marks and brands are the property of their respective owners. We publish selling prices from our auct. , AB
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