consent to Glacier Farm Media LP, on its own behalf and on behalf of its affiliates, and carrying on Online Auction. IronPlanet is the leading marketplace for the buying and selling of used equipment. 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 . , SK , Canada, Elm Creek , Canada, Porcupine Plain Ritchie Bros. - Tipton, CA, USA - Kamis, 22 12 2022. . , Canada, Colonsay 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. , Canada, Meppen PERMISSION TO CONTACT YOU BY EMAIL By providing your e-mail address, you confirm that you are providing B723010601B. 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. $14.0 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. June 28, 2022. , Canada, Oakbank Operating margins came in at . 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. , Canada, Hussar , Australia, Yorkton 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. Total lots sold ended December 31, 2022 were: Adjusting items for the year ended December 31, 2021 were: This news release is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. , SK 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. , Canada, Bolton Revenue totalled US$443.9 million for the quarter, up from $359.4 million a year earlier. The largest of these events took place in Houston, TX, where we sold US$63+ million of equipment online for approximately 700 consignors. , Canada, Debert , United States, Wilkie , SK Our latest changes to Salvage Sale were designed to improve user experience, as well as grant more exposure to our inventory. $1.3 million loss due to the change in fair value of derivatives to manage our exposure to foreign currency exchange rate fluctuations on the purchase consideration for the proposed acquisition of Euro Auctions. The Company does not consider this to be a measure of its liquidity, which is its ability to settle only short-term obligations, but rather a measure of how well it funds liquidity. The remaining 12% was sold to international buyers from as far away as Australia, Finland, Israel, and Malaysia. With the market capitalization of Ritchie Bros. Auctioneers Incorporated currently standing at about $6.71 billion, investors are eagerly awaiting this quarter's results, scheduled for May 08, 2023 - May 12, 2023. {0} must be a valid date of the format YYYY-MM-DD. 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, Steelman 2020 John Deere 648R (52281852), LOCATED-IN-BUTNER-NC-MD Closing Time: 2023-03-30 04:00:00 PM from Ritchie Bros. Auctioneers $10.3 million of acquisition-related costs related to the acquisitions of Rouse, and SmartEquip and proposed acquisition of Euro Auctions. Gain on property, plant and equipment in Q1 2022 was $169.1 million due to a sale of property located in Bolton, Ontario. Account holders can access 24 months of selling prices through Auction Results. Through our broad global buyer base of registered users, we continue to do what we've done for over a decade: deliver fair market value for equipment. , SK At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. Burnaby, BC, CA, 1-800-211-XXXX (Click to reveal) , Canada, Bruno $6.6 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse. , SK , MB By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. , Canada, Kincaid We also had an entire day dedicated to energy-specific equipment.. For more information about Ritchie Bros., visit RitchieBros.com. , SK Equipment highlights included 330+ truck tractors, 120+ excavators, 40+ dozers, 20+ cranes, as well as directional drilling equipment, hundreds of trailers, and more. Industry. , AB Sell your equipment. Account holders can access 24 months of selling prices through Auction Results. Service revenue as a percent of GTV increased 90 bps year-over-year to 17.6%. , Canada, Vibank $9.6 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. , United States, Jebel Ali Free Zone Auctions. Ritchie Bros. is the world's largest industrial auctioneer . Your email address will not be published. , Canada, Eston , Canada, Rouleau You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 1-800-211-3983, View Website Service revenue increased 11% year-over-year to $272.5 million. Net income increased 110% year-over-year to $319.8 million primarily due to the gain of $169.1 million on property, plant and equipment from the sale of the Bolton property. Inventory sales revenue increased 37% year-over-year to $683.2 million primarily due to a higher mix of GTV contracted via inventory deals primarily sourced from our United States strategic accounts teams. 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. 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. Our Main Office. Here are three of the biggest sellers in the auction: Your email address will not be published. , Canada, Radville The replay of the webcast will be available through March 21, 2023. The foregoing list is not exhaustive of the factors that may affect the Company's forward-looking statements. $1.3 million gain due to the change in fair value of derivatives to manage exposure to foreign currency exchange rate fluctuations on the purchase consideration for the proposed acquisition of Euro Auctions. When you work with Ritchie Bros. everything is first class, said Cortney Laney, Vice President & Chief Operating Officer for MDS Boring & Drilling. Service revenue in Q1 2022 increased 19% to $244.9 million. . , SK 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. This item will be selling through a Timed Auction. , Canada, Langbank Easy-to-use, self-serve interface, automatic inventory upload. Solid execution from the at-risk team drove a robust 10.9% inventory rate. , Canada, Schuler After submitting your request, you will receive an activation email to the requested email address. Register to bid online. , Canada, Saskatoon Get Shipping Quotes. , AB , Canada, Taylor 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. View original content:https://www.prnewswire.com/news-releases/ritchie-bros-reports-fourth-quarter-2022-results-301752127.html. , AB Filter. , Canada, Congress We will work with you to determine the best way to sell your equipment and market it to our millions of buyers. Get Free Auction Results. , MB /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. 1 and Amendment No. Add to Watchlist. 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. When the auction yard dust settled, Ritchie Bros. sold more than 11,200 items for US$213 million in the massive six-day event. The Illinois Equipment Distributors (IED) has invited a representative of Ritchie Bros. Auctioneers to speak to its members at the organization's 2023 kick off business meeting March 23. 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. Ritchie Bros. Auctioneers (http://www.rbauction.com) is the world's largest auctioneer of heavy equipment and trucks. , MB 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. A lot is defined as a single asset to be sold, or a group of assets bundled for sale as one unit. Examples of valid formats would be 000-0000 or 0000000. , Canada, Eatonia , MB 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. VANCOUVER, BC, and WESTCHESTER, Ill. -November 7, 2022 - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA), (the "Company" or "Ritchie Bros.") and IAA, Inc. (NYSE: IAA), today announced that they have entered into a definitive agreement under which Ritchie Bros. will acquire IAA in a stock and cash transaction valued at approximately $7.3 billion including the assumption of . , Canada, South Vienna $5.6 million share based payments expense. $3.4 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. , Canada, Colgate $5.4 million share based payments expense. , Canada, Milden Our Main Office. Other Ritchie Bros. Auctioneers offerings. 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. , MB , Canada, Abbey : Inventory sales revenue less cost of inventory sold. PR Newswire. For the reasons set forth above, you should not place undue reliance on forward looking statements. Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. Cookie Preferences. $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. Please refer to pages 14-15 for a summary of adjusting items during the three months ended December 31, 2022 and December 31, 2021. 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. Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. Adjusted operating income enhances the Company's ability to evaluate and understand ongoing operations, underlying business profitability, and facilitate the allocation of resources. , Canada, Stony Plain , SK , Canada, Hanley Service revenue as a percent of GTV increased 80 bps year-over-year to 17.4%. , MD 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 . 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. We sold more than 450 items in last weeks Houston auction and were extremely happy with the results. , Canada, Somerset , Canada, Middle Lake , Canada, Leoville Report Job. , SK February 14 - 16 unreserved auction attracted 14,500+ bidders to compete for 6,500+ items. A one-stop-shop for used equipment dealers and resellers. , Canada, Wetaskiwin Adjusting items for the year , Canada, Evansburg , AB , Canada, Glenbush Sell your equipment 3 3 (Day {0} of {1}) Sold for {0} on {1} {2} in {3} Selling today {0} in {1} Selling on {0} {1} in {2} Home > Auction Results. , AB (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. This metric calculates the total number of bids received for a lot divided by the total number of lots sold. , Canada, Hilbre GTV increased 12% when excluding the impact of foreign exchange. Save my name, email, and website in this browser for the next time I comment. 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. Get inventory updates. Please refer to pages 14-15 for a summary of adjusting items for the three months ended December 31, 2022 and December 31, 2021. Amortization of acquired intangible assets, Loss (gain) on disposition of property, plant and equipment and related costs, Non-recurring advisory, legal and restructuring costs. 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. 400+ unreserved onsite auctions with online bidding. $0.2 million of non-recurring advisory, legal and restructuring costs relating to retention costs in connection with the restructuring of our information technology team during the year. Your email address will not be published. Auction results: US$50+ million of equipment sold in Pacific Northwest auction . Make: Model: Year: - . Conference call and webcast details are available at the following link:https://investor.ritchiebros.com. , OH Ritchie Bros. - C I M Charity Auction, USA - Rabu, 18 01 2023. Please refer to pages 14-15 for a summary of adjusting items during the trailing 12months ended December 31, 2022 and December 31, 2021. , CA In the year 2020, revenues rose 4% to $1.4 billion, with most sales generated from commissions and fees, with inventory sales coming in at roughly half a billion. They have the best marketing, reach the most buyers, and will get you the most money for your equipment. *The information collected will be retained in accordance with our privacy statement. Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots". . $7.5 million share based payments expense. , AB , Italy, Chilliwack , AB , Canada, Edgeley 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. , MB Bids per lots sold Ritchie Bros. is a one-stop-shop for everything your equipment and truck business needs to succeed - buying and selling solutions, market insights and valuation, global buyer demand, and fleet management tools. $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. , MB As long as you're connected you can bid. $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. This item will be selling through a Timed Auction. In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. Get Free Auction Results. , SK Achieves full year record GTV of $6.0 billion. Adjusted EBITDA increased 21% driven by strong flow through on revenue growth of 22%, despite inflationary pressures on costs and higher costs relating to investments made for our growth initiatives. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. , United States, North East $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. , Canada, Mossleigh , AB : Number of organizations activated on IMS. You must click the activation link in order to complete your subscription. 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. Approximately 88% of the equipment in the September 20 22 auction was sold to U.S. buyers, including 42% sold to Texans. Measures of liquidity are noted under "Liquidity and Capital Resources". may be of interest to you, and that you understand you may unsubscribe at any time. , Canada, Watrous {0} can only contain letters, numbers, dash (-) and dot (.). Second Quarter 2022 Earnings Conference Call. Category: All Categories. Net income increased 48% year-over-year to $45.3 million as a result of strong growth in operating income, higher interest income from a rise in interest rates and a lower effective tax rate. Cookie Preferences. 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. , Canada, Benito Remember me. The company's Forward Dividend Ratio is 1.08, with its dividend yield at 1.83%. Service revenue increased 14% year-over-year driven by higher buyer fees implemented in early 2022 and revenue growth from our Other Services. ", In addition, Eric Jacobs, CFO of Ritchie Bros. added, "we are pleased with our continued strong financial performance in the fourth quarter. See the equipment prices. The Company has also adjusted for certain non-recurring advisory, legal and restructuring costs. How it works Buying Selling . We publish selling prices from our auct. If you experience any issues with this process, please contact us for further assistance. Inventory rate 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. You can filter the results by year, make, model, type and location. Bidding is open, transparent and fair no minimum bids, and no reserve prices. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party.
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