New to our site? , SK : Inventory return divided by inventory sales revenue. 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. New York. $14.0 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. If you have equipment to consign, please contact us today! 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. , SK $9.6 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. Technology. Adjusted operating income enhances the Company's ability to evaluate and understand ongoing operations, underlying business profitability, and facilitate the allocation of resources. consent to Glacier Farm Media LP, on its own behalf and on behalf of its affiliates, and carrying on More ways to buy from all over the world. See the equipment prices. $8.2 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. , AB VANCOUVER, BC, Feb. 28, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA), ("Ritchie Bros.," the "Company," "we," "us" or "our"), today announced that Ritchie Bros . , Canada, Killam , Canada, Radville C I M Charity Auction, USA. 2001 Kenworth T800 6x4 T/A Dump Truck . Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. Inventory rate If you experience any issues with this process, please contact us for further assistance. September 27, 2022. , Canada, Western Canada $1.1 million gain recognized on the sale of a property in Denver, Colorado. , AB , NV Dear SalvageSale customers, Ritchie Bros. Auctioneers' acquisition of IronPlanet has given us the tools and technology to provide customers like you more choices and improved platforms to buy, sell and list equipment online. $22.2 million of acquisition-related costs primarily relating to the proposed acquisition of IAA, and the share-based continuing employment costs for the acquisitions of Rouse and SmartEquip. , SK $0.1 million gain recognized on the disposition of property, plant and equipment. , Canada, Chehalis Muskrat Falls auction helps break new regional sales record for Ritchie Bros. 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. , Canada, Lethbridge , MB Sign Me Up Login. Equipment highlights included 330+ truck tractors, 120+ excavators, 40+ dozers, 20+ cranes, as well as directional drilling equipment, hundreds of trailers, and more. 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.". After submitting your request, you will receive an activation email to the requested email address. GTV is not a measure of financial performance, liquidity, or revenue, and is not presented in the Company's consolidated financial statements. 2023-01-18 Rabu, 18 01 2023. By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. The largest of these events took place in Houston, TX, where we sold US$63+ million of equipment online for approximately 700 consignors. The company's Forward Dividend Ratio is 1.08, with its dividend yield at 1.83%. You may obtain free copies of these documents from Ritchie Bros. or IAA free of charge using the sources indicated above. (in U.S. dollars $millions, except percentages). Non-GAAP measures do not have a standardized meaning and are, therefore, unlikely to be comparable to similar measures presented by other companies. for more information. GTV increased 9% when excluding the impact of foreign exchange. About Ritchie Bros. Auctioneers About Ritchie Bros. Careers Media Investors Blog Security Center. Add to Watchlist. We continue to drive strong global demand for equipment and trucks, resulting in a lot of happy consignors, said Jacen Cowick, Regional Sales Manager, Ritchie Bros. Today we offer customers more options and flexibility than ever before. $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. Consolidated results: Total revenue in Q1 2022 increased 19% to $393.9 million. 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. , SK $10.3 million of acquisition-related costs related to the acquisitions of Rouse, and SmartEquip and proposed acquisition of Euro Auctions. , SK How it works Buying Selling . , Canada, Hilda February 14 - 16 unreserved auction attracted 14,500+ bidders to compete for 6,500+ items. 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. Filter. $4.5B in gross transactional value: one of the world's largest sellers of used equipment on-site and online. , SK Adjusting items for the year , SK If you have equipment to consign, please contact us today! 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. , AB You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. Examples of valid formats would be 000-0000 or 0000000. , Canada, Moosomin The replay of the webcast will be available through March 21, 2023. You can filter the results by year, make, model, type and location. , BC , Canada, Wetaskiwin , AB , SK /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. 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. , Canada, Hilbre Ritchie Bros. Auctioneers (http://www.rbauction.com) is the world's largest auctioneer of heavy equipment and trucks. , Canada, Meppen For the reasons set forth above, you should not place undue reliance on forward looking statements. Key Operating MetricsWe regularly review a number ofmetrics, including the following key operating metrics, to evaluate our business, measure our performance, identify trends affecting our business, and make operating decisions. , Canada, Langenburg Search Results Near Norwalk, CT General Store Manager Auto Collision Estimator Neonatal Nurse 8 of the Highest Paying Jobs in Norwalk, CT for 2023 . , SK , Canada, Colgate , Canada, North Battleford Auction results News . *The information collected will be retained in accordance with our privacy statement. ", In addition, Eric Jacobs, CFO of Ritchie Bros. added, "we are pleased with our continued strong financial performance in the fourth quarter. 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. Inventory return increased 46% year-over-year to $74.7 million due to higher volume of inventory deals sourced, including from our strategic accounts in the United States primarily in the finance and rental sectors. Buy used equipment. Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. , United States, St Aubin Sur Gaillon The . , Canada, Porcupine Plain 1 and Amendment No. Our Main Office. Solid execution from the at-risk team drove a robust 10.9% inventory rate. Get Shipping Quotes. Equipment highlights from Fort Worth included 340+ truck tractors, 115+ excavators, 115+ forklifts, 90+ bucket trucks, 80+ skid steers, as well as cranes, miscellaneous drilling equipment, and so much more. By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. . The following table reconciles adjusted net income attributable to stockholders and diluted adjusted EPS attributable to stockholders to net income attributable to stockholders and diluted EPS attributable to stockholders, which are the most directly comparable GAAP measures in the consolidated financial statements. , MB , Canada, Abbey , Canada, Salvador US $17,000. , Canada, Notre Dame De Lourdes may be of interest to you, and that you understand you may unsubscribe at any time. How to bid on this item. 2013 JLG 260 MRT Diesel 4x4 Scisso. $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. 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. A lot is defined as a single asset to be sold, or a group of assets bundled for sale as one unit. , France, Neilburg 78 weekly online auctions. Ritchie Bros. sells 13,300+ items for US$244+ million in its 2023 Premier Global Auction in Orlando, FL (CNW Group/Ritchie Bros.) The February 20 - 24, 2023 auction attracted 22,600+ people from . , Canada, Tangent 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"). A one-stop-shop for used equipment dealers and resellers. , QC business through its divisions, to receive emails containing news, updates and promotions, including third 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. , United States, Mont Saint Hilaire , Canada, Milden , MB After submitting your request, you will receive an activation email to the requested email address. The increase was also due to higher operating income and a lower effective tax rate, partially offset by $9.7 million primarily relating to higher interest expense from our 2021 Notes and a loss on redemption. Search IronPlanet's auction results. Solid execution from the at-risk team drove a robust 10.4% inventory rate. On an adjusted basis, Ritchie Bros. says it earned 68 cents per diluted share, up from an adjusted profit . {0} is an invalid phone number format. , MB Ritchie Bros. - Tipton, CA, USA - Kamis, 22 12 2022. . Other costs of services increased 91% year-over-year to $10.6 million mainly due to the acquisition of SmartEquip. , MB We will work with you to determine the best way to sell your equipment and market it to our millions of buyers. Please refer to pages 14-15 for a summary of adjusting items during the trailing 12months ended December 31, 2022 and December 31, 2021. $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, Rockhaven The foregoing list is not exhaustive of the factors that may affect the Company's forward-looking statements. Amortization of acquired intangible assets, Loss (gain) on disposition of property, plant and equipment and related costs, Non-recurring advisory, legal and restructuring costs. Debt / net income was 1.9x for the twelve months ended December 31, 2022. $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. Three-day auction attracted 12,600+ bidders from 65+ countries. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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, Hanley Achieves full year record GTV of $6.0 billion. , Germany, Newnan , SK 1-800-211-3983, View Website When you work with Ritchie Bros. everything is first class, said Cortney Laney, Vice President & Chief Operating Officer for MDS Boring & Drilling. If you experience any issues with this process, please contact us for further assistance. , Canada, Schuler , ON Thanks to technology and our hardworking teams, its easier than ever to sell equipment from anywhere, which is a huge benefit for our customers.. , SK Earnings per share attributable to stockholders: Weighted average number of share outstanding: Condensed Consolidated Balance Sheets(in U.S. dollars $000's, except share data)(Unaudited), Common stock; no par value, unlimited shares authorized, issued and, outstanding shares: 110,881,363 (December 31, 2021: 110,618,049), Condensed Consolidated Statements of Cash Flows(in U.S. dollars $000's)(Unaudited). , MB , AB Easy-to-use, self-serve interface, automatic inventory upload. , AB , AB , Canada, Steelman , Canada, Edgeley Cookie Preferences. Fourth Quarter Financial and Business Metric Highlights1: Full Year Financial and Business Metric Highlights1: 1For information regarding Ritchie Bros. use and definition of this measure, see "Key Operating Metrics" and "Non-GAAP Measures" sections in this press release, (in U.S. dollars $000's, except EPS and percentages), Diluted earnings per share attributable to stockholders, Diluted adjusted earnings per share attributable to stockholders, (in U.S. dollars $000's, except percentages), Ancillary and logistical service expenses, A&M service revenue as a % of total GTV- Rate. , Canada, Vibank Ritchie Bros. Auctions. Ritchie Bros. Auctioneers Equipment For Sale. Gain on property, plant and equipment in Q1 2022 was $169.1 million due to a sale of property located in Bolton, Ontario. , Canada, Rycroft 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. , AB The following table reconciles adjusted operating income to operating income, which is the most directly comparable GAAP measure in the consolidated financial statements. , MB About Ritchie Bros. Auctioneers About Ritchie Bros. Careers Media Investors Blog Security Center. , AB Upcoming auctions; Auction results; Search over 93,979 items in inventory. Service revenue increased 14% year-over-year driven by higher buyer fees implemented in early 2022 and revenue growth from our Other Services. Access some of the most up-to-date equipment pricing information available online, Two-year's worth of equipment selling prices, Updated within 24 hours of the end of an auction, Determine the approximate value of specific equipment in today's marketplaces, Research residual value of specific equipment makes and models, Discover where equipment and trucks for specific industries are in demand, Compare selling prices of equipment based on make, model, year or even location. 2013 Altec AM900-E100 100 ft on 2014 International 7400 6x6 Bucket Truck, 2015 VOLVO VNL64670 6x4 Truck Tractor (T/A), 2016 GENIE GTH-5519 Telescopic Forklift, 2005 STERLING A9500 6x4 Truck Tractor (T/A), 2015 JOHN DEERE 35G Mini Excavator (1 - 4.9 Tons), 2013 FREIGHTLINER CASCADIA 125 6x4 Truck Tractor (T/A), 1999 GMC W4500 Schwarze on COE Street Sweeper, 2006 VOLVO VNL 6x4 Truck Tractor (T/A), 2009 INTERNATIONAL 8600 SBA 6x4 Truck Tractor (T/A), 2009 FREIGHTLINER CASCADIA 125 6x4 Truck Tractor (T/A), 2014 FREIGHTLINER CASCADIA 113 6x4 Truck Tractor (T/A), 1999 PETERBILT 379 6x4 Truck Tractor (T/A), 2017 FORD TRANSIT T-350 H 4x2 Utility Truck, 2016 FORD TRANSIT T-350HD 4x2 Utility Truck, 2006 STERLING 12x4 Super 18 Dump Truck (Quad/A), 2019 MACK GRANITE Truck Tractor (Tri/A), Unused 2022 AGROTK H12 (Unused) Mini Excavator (1 - 4.9 Tons), 2019 INTERNATIONAL LT625 6x4 Truck Tractor (T/A), 2015 FORD F-550 XLT 4x4 Crew Cab Service Truck, 2014 SKYJACK SJ6826 RT Dual Fuel Scissorlift, 2000 PETERBILT 378 6x4 Truck Tractor (T/A), 2016 PETERBILT 579 8x4 Truck Tractor (Tri/A), 2020 MACK GRANITE 10x4 Dump Truck (Quad/A), 2008 CAT 303.5C CR Mini Excavator (1 - 4.9 Tons), 2006 PETERBILT 379 10x4 Dump Truck (Quad/A), 2006 INTERNATIONAL 7700 Deluxe 12x4 Super 18 Dump Truck (Quad/A), 2008 BOBCAT 337G Mini Excavator (1 - 4.9 Tons), 2017 FREIGHTLINER CASCADIA 125 6x4 Truck Tractor (T/A), 2015 FREIGHTLINER CASCADIA 125 6x4 Truck Tractor (T/A), 2014 KENWORTH T370 4x2 Dump Truck (S/A), 2007 MACK CV713 10x4 Dump Truck (Quad/A), 2018 CAT 289D Two-Speed High Flow XPS Compact Track Loader, 2013 INTERNATIONAL 4400 4x2 Truck Tractor (S/A), 2016 FREIGHTLINER CASCADIA 125 6x4 Truck Tractor (T/A), 1997 PETERBILT 379 6x4 Truck Tractor (T/A), 2019 FREIGHTLINER CASCADIA 126 6x4 Truck Tractor (T/A), 2013 FORD F-350 XLT 4x4 Crew Cab Utility Truck, 2011 FORD F-450 Lariat 4x4 Crew Cab Flatbed Truck, 2015 FORD F-750 XLT 4x2 Rollback Truck, 2019 BOBCAT T650 Two-Speed Compact Track Loader, 2012 BOBCAT S650 Two-Speed Skid Steer Loader, 2015 FREIGHTLINER M2 106 4x2 Bed Truck. , United States, Polotitlan First sign in or create an account. Important Additional Information and Where to Find It. $3.0 million of acquisition-related costs related to the acquisition of Rouse. Support Contact us Frequently Asked . , Canada, Rouleau document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Enter your email address to follow this blog and receive notifications of new posts by email. , SK {0} is an invalid phone number format. , AB , SK , SK , MN , TX 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. 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. Toronto, February 28, 2023 -- Moody's Investors Service ("Moody's") has confirmed Ritchie Bros. Auctioneers Incorporated's ("RBA") Ba2 corporate family rating (CFR), its Ba2-PD probability of default rating, and its Ba3 senior unsecured rating on its existing notes due 2025, which will be withdrawn once repaid. , Mexico, Lake Worth , Canada, Eston 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. , Canada, Mossleigh , Canada, Stump Lake $2.0 million of acquisition-related costs primarily relating to the share-based continuing employment costs for the acquisitions of Rouse and SmartEquip. Other Services total revenue increased 28% year-over-year to $198.6 million primarily due to stronger performance and execution in RBFS, the addition of SmartEquip and strong growth in Rouse. In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. The unreserved online auction attracted more than 10,800 online bidders from 63 countries. Conference call and webcast details are available at the following link:https://investor.ritchiebros.com. Fourth Quarter Financial and Business Metric Highlights1: Gross transaction value ("GTV") 1 increased 6% year-over-year to $1.5 billion or 9% year-over-year when excluding the impact of foreign exchange. . February 27, 2023. : 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. 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.

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