Amortization of acquired intangible assets, Loss (gain) on disposition of property, plant and equipment and related costs, Non-recurring advisory, legal and restructuring costs. , Canada, Wetaskiwin About Ritchie Bros. Auctioneers About Ritchie Bros. Careers Media Investors Blog Security Center. Thanks to our innovative online platform, we were able to efficiently sell 3,500+ offsite items right alongside the 7,000+ items on display in our Edmonton yard. 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. Your email address will not be published. , SK Other costs of services increased 91% year-over-year to $10.6 million mainly due to the acquisition of SmartEquip. This metric excludes GovPlanet transactions. Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. , SK The June 21 - 23 auction attracted more than 10,000 bidders from the 5,900 . FULL OPERATIONS NOT TESTED 17844, 17841, 17839 SOLD WITH 17840 17840: Model ME130/6 - 17.4 HP 460 Volts Pump Model AFP (K) 2046.5 - ME130/6 FM 17844: Model ME200/6 - 26.8 HP 460 Volt.See More Details. , Canada, The Pas , Canada, Notre Dame De Lourdes , Canada, Manitoba The following table reconciles adjusted net debt to debt, adjusted EBITDA to net income, and adjusted net debt/ adjusted EBITDA to debt/ net income, respectively, which are the most directly comparable GAAP measures in, or calculated from, its consolidated financial statements. , AB , United States, View Past 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. Online Auction. $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. , Canada, Western Canada $1.1 million of non-recurring advisory, legal and restructuring costs, which include $0.6 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 driven by our strategy to build a new digital technology platform, and $0.2 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021. 1 and Amendment No. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. , SK , Canada, Edgeley We believe thesekey operating metricsare useful to investors because management uses these metrics to assess the growth of our business and the effectiveness of our operational strategies. Online Auction. From the onset of the pandemic, Ritchie Bros. has invested to create . $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. , MB Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB. , Canada, Perris , SK , United Arab Emirates, Caorso , MB , SK , Canada, Wadena Solid execution from the at-risk team drove a robust 10.4% inventory rate. Auction results News . . , MB These adjustments in 2021 have been applied retrospectively to all periods presented, as applicable. 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.. Solid execution from the at-risk team drove a robust 10.9% inventory rate. Thanks to technology and our hardworking teams, its easier than ever to sell equipment from anywhere, which is a huge benefit for our customers.. $0.9 million loss on disposition of property, plant and equipment and related costs includes a $1.3 million non-cash cost in the quarter relating to the adjustment made to recognize the Bolton property sale proceeds at fair value when calculating the $169.0 million gain on the Bolton property in the first quarter of 2022, partially offset by $0.3 million gain on disposition of property, plant and equipment in the quarter. In 2021, the Company updated the calculation of adjusted operating income to add-back share-based payments expense, all acquisition-related costs (including any share-based continuing employment costs recognized in acquisition-related costs), amortization of acquired intangible assets, and gain or loss on disposition of property, plant and equipment. $9.7 million loss on redemption of the 2021 Notes and certain related interest expense includes (a) $4.8 million of loss on redemption of the 2021 Notes due to a difference between the reacquisition price of the 2021 Notes and the net carrying amount of the extinguished debt (primarily the write off of the unamortized debt issuance costs), (b) $0.7 million of deferred debt issuance costs written off due to the expiry of the undrawn $205.0 million DDTL Facility in the quarter, and (c) non-recurring interest expense of $4.2 million incurred in the quarter relating to the 2021 Notes, which were redeemed as a result of the discontinued Euro Auctions acquisition in April 2022. Bids per lots sold , SK Adjusted net debt/Adjusted EBITDA is calculated by dividing adjusted net debt by adjusted EBITDA. In addition, Canada saw an increased volume of inventory sold mainly in the commercial transportation and construction sectors. , Canada, Benito , MB New to our site? GTV increased 6% year-over-year to $1.5 billion driven by a rebound in lot volumes offset by weaker mix adjusted prices, unfavourable impact of foreign exchange and unfavorable asset mix. , SK , Canada, South Vienna , SK , AB Updated within 24 hours of the end of an auction. Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB October 29, 2022 October 31, 2022. . Get Free Auction Results. US $17,000. party promotions, as well as product and/or service information, including that of third parties, that In 2021, the Company updated the calculation of diluted adjusted EPS attributable to stockholders to add-back certain adjustments that have been applied retrospectively to all periods presented, as applicable (refer to adjusted operating income reconciliation above). Ritchie Bros. reports fourth quarter 2022 results, https://www.prnewswire.com/news-releases/ritchie-bros-reports-fourth-quarter-2022-results-301752127.html, Total revenue increased 24% year-over-year to $443.9 million, Service revenue increased 11% year-over-year to $272.5 million, Inventory sales revenue increased 50% year-over-year to $171.3 million, Net income increased 48% year-over-year to $45.3 million, Diluted earnings per share increased 48% year-over-year to $0.40 per share, GTV increased 9% year-over-year to $6.0 billion or 12% year-over-year when excluding the impact of foreign exchange, Total revenue increased 22% year-over-year to $1.7 billion, Service revenue increased 14% year-over-year to $1.1 billion, Inventory sales revenue increased 37% year-over-year to $683.2 million, Net income increased 110% year-over-year to $319.8 million, Diluted earnings per share increased 110% year-over-year to $2.86 per share, Diluted adjusted earnings per share increased 24% year-over year to $2.41 per share, Adjusted EBITDA increased 21% year-over-year to $465.2 million. {0} can only contain letters and numbers. : Inventory sales revenue less cost of inventory sold. Upcoming auctions; Auction results; Search over 93,979 items in inventory. /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. Equipment highlights in the October Edmonton auction included 140+ truck tractors, 85+ excavators, 60+ skid steers, 60+ dozers, 25+ pipelayers, forestry equipment, and more. 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. , Canada, Schuler , Canada, Somerset , SK The auction was held from Feb. 20 to Feb. 24 and attracted more than 22,600 people from more than 80 countries, with approximately 83% of the equipment selling to U.S. buyers, including 18% purchased by Floridians. , AB Auction Results: US$71+ million of equipment sold in Fort Worth, TX. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Selling prices of similar items. , Canada, Grimshaw , Canada, Middle Lake , Canada, Elm Creek Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. Create a free account: it's fast, free and gives you full access to our website features. Located: Mont-Saint-Hilaire, QC. , Canada, Carievale , Canada, James River Bridge $169.8 million gain recognized on the disposition of property, plant and equipment of which $169.1 million related to the sale of a property located in Bolton, Ontario. The presentation of this financial information, which is not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation of, or as a substitute for, the financial information prepared and presented in accordance with US GAAP. Inventory rate The unreserved online auction attracted more than 10,800 online bidders . Remember me. , 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. IronPlanet is the leading marketplace for the buying and selling of used equipment. Through our family of companies, we help our customers buy and sell a wide range of used and unused equipment for construction, mining, transportation, agriculture, oil & gas, lifting & material handling, forestry & other industries. Required fields are marked *. Measures of liquidity are noted under "Liquidity and Capital Resources". Consolidated results: Total revenue in Q1 2022 increased 19% to $393.9 million. $0.2 million gain recognized on the disposition of property, plant and equipment. , Canada, Western Canada Sell your equipment 2 2 (Day {0} of {1}) Sold for {0} on {1} {2} in {3} Selling today {0} in {1} Selling on {0} {1} in {2} 2009 Mack GU813 (52292149), 6 Cylinder 12.7 L Diesel Engine LOCATED-IN-BOLTON-ON, Closing Time: 2023-02-28 11:35:15 AM from Ritchie Bros. Auctioneers Service revenue as a percent of GTV increased 80 bps year-over-year to 17.4%. , NS , SK As long as you're connected you can bid. Gain on property, plant and equipment in Q1 2022 was $169.1 million due to a sale of property located in Bolton, Ontario. , Canada, Lake Lenore , Canada, Balcarres Ritchie Bros. is so efficient, and they get your equipment in front of hundreds of thousands of potential equipment buyersits hard to beat! Ritchie Bros. - C I M Charity Auction, USA - Wednesday Jan 18, 2023. June 28, 2022. How it works Buying Selling . , Canada, Wymark Fourth Quarter and Full Year 2022 Earnings Conference CallRitchie Bros. is hosting a conference call to discuss its financial results for the quarter and year ended December 31, 2022 at 2pm Pacific time / 5pm Eastern time / 10pm GMT on February 21, 2023. 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 Bros.' Auction Results. Inventory sales revenue in Q1 2022 increased 19% to $149.1 million. Buy new and used heavy equipment and trucks for sale at our live unreserved public auctions from your home, office or jobsite. $1.2 million loss on disposition of property, plant and equipment and related costs includes a $1.3 million non-cash cost in the quarter relating to the adjustment made to recognize the Bolton property sale proceeds at fair value when calculating the $169.0 million gain on the Bolton property in the first quarter of 2022, and $0.1 million gain on disposition of property, plant and equipment in the quarter. 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. , Canada, Calgary February 14 - 16 unreserved auction attracted 14,500+ bidders to compete for 6,500+ items. Home > Auction Results. , Canada, Langenburg At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. , Canada, Mossleigh 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, Vegreville Items were sold for close to 700 consignors, including Fort Worth-based land clearing company Thelin Recycling Co. We got a lot more for our equipment than we expected, said Bill Taylor, Equipment Manager for Thelin Recycling. 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 services. How to bid on this item. Adjusted operating income enhances the Company's ability to evaluate and understand ongoing operations, underlying business profitability, and facilitate the allocation of resources. Inventory management system activations , OH Support Contact us Frequently Asked . B723010601B. , Canada, Reston , MB , Canada, Longmont Diluted adjusted EPS attributable to stockholders is calculated by dividing adjusted net income attributable to stockholders, net of the effect of dilutive securities, by the weighted average number of dilutive shares outstanding. Forward-looking StatementsThis news release contains forward-looking statements and forward-looking information within the meaning of applicable U.S. and Canadian securities legislation (collectively, "forward-looking statements"), including, in particular, statements regarding future financial and operational results and growth and value prospects and payment of dividends. First sign in or create an account. Your email address will not be published. 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. , AB , Canada, Athabasca , Australia, Yorkton , 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. , Canada, Minitonas $7.9 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. Ritchie Bros. and IAA, certain of their respective directors and executive officers and other members of management and employees, and Jeffrey C. Smith and potentially other Starboard employees, may be deemed to be participants in the solicitation of proxies from the stockholders of Ritchie Bros. and IAA in respect of the proposed IAA transaction under the rules of the SEC. , BC , Canada, Rycroft Ritchie Bros. Auctioneers (http://www.rbauction.com) is the world's largest auctioneer of heavy equipment and trucks. {0} must be a valid date of the format YYYY-MM-DD. In connection with the proposed IAA transaction, Ritchie Bros. filed with the SEC and applicable Canadian securities regulatory authorities a registration statement on Form S-4 to register the common shares of Ritchie Bros. to be issued in connection with the proposed IAA transaction on December 14, 2022 (the "Initial Registration Statement"), as amended by Amendment No. , SK This metric calculates the total number of bids received for a lot divided by the total number of lots sold. , SK , QC Equipment highlights included 330+ truck tractors, 120+ excavators, 40+ dozers, 20+ cranes, as well as directional drilling equipment, hundreds of trailers, and more. , AB , SK Please refer to pages 14-15 for a summary of adjusting items during the trailing 12months ended December 31, 2022 and December 31, 2021. Subscribe by clicking on the button below. Debt / net income was 1.9x for the twelve months ended December 31, 2022. We conduct hundreds of public equipment auctions around the world each year for the construction, transportation, agricultural, real estate and other industries. 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. View options. , SK , SK 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. Inventory return , France, Neilburg All items were sold without minimum bids or reserve prices. Ritchie Bros. Auctions. In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. Industry. Report Job. $14.0 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. , AB , United States, Polotitlan If you experience any issues with this process, please contact us for further assistance. Non-GAAP measures do not have a standardized meaning and are, therefore, unlikely to be comparable to similar measures presented by other companies. Nisku After submitting your request, you will receive an activation email to the requested email address. {0} must be a valid date of the format YYYY-MM-DD. Examples of valid formats would be 000-0000 or 0000000. , SK GTV increased 9% when excluding the impact of foreign exchange. Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. We are excited by the anticipated closing of the IAA acquisition and its expected impact to Ritchie Bros. for years to come. , SK , United States, Mont Saint Hilaire , Canada, Brandon Operating margins came in at . , MB Search Results Near Norwalk, CT General Store Manager Auto Collision Estimator Neonatal Nurse 8 of the Highest Paying Jobs in Norwalk, CT for 2023 . Ritchie Bros. is the world's largest auctioneer of used and unused heavy equipment. Conference call and webcast details are available at the following link:https://investor.ritchiebros.com. Please refer to pages 14-15 for a summary of adjusting items during the three months ended December 31, 2022 and December 31, 2021. Our customers in the energy sector benefitted greatly from selling their construction and transportation assets in Fort Worth, with a massive global audience watching. Sell your equipment. , SK , MB , Canada, Saskatoon IronPlanet is the leading marketplace for the buying and selling of used equipment. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM S-4 AND THE RELATED JOINT PROXY STATEMENT/PROSPECTUS, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SECAND APPLICABLE CANADIAN SECURITIES REGULATORY AUTHORITIESIN CONNECTION WITH THE PROPOSED IAA TRANSACTION OR INCORPORATED BY REFERENCE IN THE JOINT PROXY STATEMENT/PROSPECTUS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE, BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT Ritchie Bros., IAA AND THE PROPOSED IAA TRANSACTION. , BC Sell your equipment. Revenue totalled US$443.9 million for the quarter, up from $359.4 million a year earlier. , United States, North East , Canada, Eatonia
