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, Canada, Manitoba About Ritchie Bros. Auctioneers About Ritchie Bros. Careers Media Investors Blog Security Center. Last week Ritchie Bros. sold 13,300+ equipment items, trucks, and vehicles at its Premier Global Auction in Orlando, FL, generating US$244+ million in gross transaction value. $8.2 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. 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. Adjustments for items not affecting cash: Net changes in operating assets and liabilities, Net cash provided by operating activities, Proceeds on disposition of property, plant and equipment, Net cash provided by (used in) investing activities, Proceeds from exercise of options and share option plans, Payment of withholding taxes on issuance of shares, Net increase (decrease) in short-term debt, Effect of changes in foreign currency rates on cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash, end of period. , Canada, Moosomin Save my name, email, and website in this browser for the next time I comment. , SK $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. Construction Equipment Guide 470 Maryland Drive Fort Washington, PA 19034 800-523-2200 , SK Important Additional Information and Where to Find It. 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. , MD Examples of valid formats would be 000-0000 or 0000000. Email Auctioneer. We conduct hundreds of public equipment auctions around the world each year for the construction, transportation, agricultural, real estate and other industries. Other costs of services increased 91% year-over-year to $10.6 million mainly due to the acquisition of SmartEquip. February 27, 2023. Ritchie Bros. Auctions. IronPlanet is the leading marketplace for the buying and selling of used equipment. 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. /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. 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. Ritchie Bros. is hosting a conference call to discuss its financial results for the quarter ended June 30, 2021 at 8am Pacific time / 11 am Eastern time / 4pm GMT on August 6, 2021. Read more. February 14 - 16 unreserved auction attracted 14,500+ bidders to compete for 6,500+ items. Category: All Categories. 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. VANCOUVER - Ritchie Bros. Auctioneers Inc. reported its fourth-quarter profit and sales were up compared with a year earlier. , Canada, Colonsay 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. List inventory and reach more qualified leads than ever before through the strength of Ritchie Bros.' global buyer network and reputation as the leading equipment marketplace. Construction Equipment Guide 470 Maryland Drive Fort Washington, PA 19034 800-523-2200 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. {0} must be must be greater than 2 characters or be entered as "GD". : Number of organizations activated on IMS. Debt / net income was 1.9x for the twelve months ended December 31, 2022. , QC , Canada, Middle Lake Ritchie Bros. is so efficient, and they get your equipment in front of hundreds of thousands of potential equipment buyersits hard to beat! , AB , SK , AB , Germany, Newnan 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. , Canada, Tangent , Canada, Carievale , Canada, Benito This item will be selling through a Timed Auction. , AB , Canada, Wymark 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. , SK , SK Investors and security holders may obtain copies of these documents (when they are available) free of charge through the website maintained by the SEC at www.sec.gov, SEDAR at www.sedar.com or from Ritchie Bros. at its website, investor.ritchiebros.com, or from IAA at its website, investors.iaai.com. Group. The Company has also adjusted for certain non-recurring advisory, legal and restructuring costs. 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. , United States, Jebel Ali Free Zone More ways to buy from all over the world. 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 {0} can only contain letters, numbers, dash (-) and dot (.). , CA Measures of liquidity are noted under "Liquidity and Capital Resources". If you have equipment to consign, please contact us today! Auction results News . 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, Hussar , Canada, Taylor , SK A lot is defined as a single asset to be sold, or a group of assets bundled for sale as one unit. Report Job. , Canada, Calgary , AB All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. 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. 2023-01-18 Wednesday Jan 18, 2023. . : Inventory return divided by inventory sales revenue. Service revenue increased 11% year-over-year, driven by solid contribution from both Auctions & Marketplace ("A&M") and positive growth from our Other Services. Register to bid online. business through its divisions, to receive emails containing news, updates and promotions, including third , SK Ritchie Bros. - C I M Charity Auction, USA - Wednesday Jan 18, 2023. Day Three was our first dedicated Energy Day in Fort Worth, said Mike Brzezinski, Regional Sales Manager and leader of the Ritchie Bros. Energy team. Inventory return , SK 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 . , MB Adjusted net debt/Adjusted EBITDA is calculated by dividing adjusted net debt by adjusted EBITDA. , AB {0} must be must be greater than 2 characters or be entered as "GD". *The information collected will be retained in accordance with our privacy statement. After submitting your request, you will receive an activation email to the requested email address. , OH , MB 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. , Canada, Hazenmore Approximately 88% of the equipment in the September 20 22 auction was sold to U.S. buyers, including 42% sold to Texans. : Each bid is completed electronically through our real-time online bidding system. , SK Email address. Auctioneers: Total lots sold , United States, Wilkie : Represents total proceeds from all items sold at the Company's auctions and online marketplaces. Inventory return increased 56% year-over-year to $17.8 million due to higher volume of inventory deals, driven primarily by the rental sector within our strategic accounts in the United States. , SK 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. $5.4 million share based payments expense. , Canada, Mossleigh , Canada, Shamrock Operating margins came in at . You can sign up for additional alert options at any time. Adjusted net debt is calculated by subtracting cash and cash equivalents from short and long-term debt. Ritchie Bros. Auctioneers. Your email address will not be published. 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 . Review our account terms and conditions and privacy statement to learn more about accessing a free account and how we process information. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. 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. Ritchie Bros. has grown from a small-town auctioneer to a global asset management and disposition company. $3.8 million share based payments expense. , SK First sign in or create an account. Category: All Categories. Serial number or VIN: B722121701B. , SK This news release references non-GAAP measures. Technology. 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 Adjusted Net Debt and Adjusted Net Debt/Adjusted EBITDA ReconciliationThe Company believes that comparing adjusted net debt/adjusted EBITDA on a trailing 12month basis for different financial periods provides useful information about the performance of its operations as an indicator of the amount of time it would take to settle both the Company's short and long-term debt. 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. It's fast and free. On an adjusted basis, Ritchie Bros. says it earned 68 cents per diluted share, up from an adjusted profit . By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. A one-stop-shop for used equipment dealers and resellers. Gain on property, plant and equipment in Q1 2022 was $169.1 million due to a sale of property located in Bolton, Ontario. Report Job. , Canada, Las Vegas Home > Auction Results. Ritchie Bros. is the world's largest auctioneer of used and unused heavy equipment.We conduct hundreds of public equipment auctions around the world each year for the construction, transportation, agricultural, real estate and other industries.Bidding is open, transparent and fair no minimum bids, and no reserve prices. 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. Consolidated results: Total revenue in Q1 2022 increased 19% to $393.9 million. $8.4 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. $2.9 million of acquisition-related costs related to the acquisition of Rouse. "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 . , SK $0.1 million gain recognized on the disposition of property, plant and equipment. 2016 Western Star 4900 (52293209), Detroit DD13 455 hp Engine, Eaton Fuller 10-Speed Transmission, 12000 lb Front Axle, 40000 lb Rears insp 23-04 from Ritchie Bros. Auctioneers Support Contact us Frequently Asked . , CO Second Quarter 2022 Earnings Conference Call. You can sign up for additional alert options at any time. Sell your equipment. (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. . You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. 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.. Bids per lots sold The company, which keeps its books in U.S. dollars, reported a . , SK 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. 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. Auction Results. *The information collected will be retained in accordance with our privacy statement. 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. , SK , MN 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. , NS , Canada, Teulon , Canada, Wetaskiwin 1-800-211-3983, View Website Industry. , Mexico, Lake Worth US $17,000. Required fields are marked *. October Market Trends dives into aerial equipment, 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. By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. (in U.S. dollars $millions, except percentages). Investors should read the joint proxy statement/prospectus carefully before making any voting or investment decisions. Last week Ritchie Bros. conducted its largest ever December auction in Texas, selling US$86+ million of equipment and trucks for 800+ consignors in three days. All items were sold without minimum bids or reserve prices. Selling prices of similar items. Account holders can access 24 months of selling prices through Auction Results. $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. Ritchie Bros. Auctioneers We are excited by the anticipated closing of the IAA acquisition and its expected impact to Ritchie Bros. for years to come. , MB Inventory management system activations , AB 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 . Equipment highlights included 330+ truck tractors, 120+ excavators, 40+ dozers, 20+ cranes, as well as directional drilling equipment, hundreds of trailers, and more. We offer a wide range of unused and used equipment and trucks for sale: , SK Address Norwalk, CT. 06851 USA. Here are three of the top sellers from Fort Worth: 2017 Tadano Mantis 15010 75-ton crawler crane US$550,000, 2016 Volvo A40G articulated dump truck US$237,500, Your email address will not be published. $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. , Canada, Grayson , United States, View Past In addition, Canada saw an increased volume of inventory sold mainly in the commercial transportation and construction sectors. /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. Auction Results: US$71+ million of equipment sold in Fort Worth, TX. , AB Required fields are marked *. , Canada, Reston , MB 2013 JLG 260 MRT Diesel 4x4 Scisso. , United States, Polotitlan Amortization of acquired intangible assets, Loss (gain) on disposition of property, plant and equipment and related costs, Non-recurring advisory, legal and restructuring costs. $9.1 million share based payments expense. , Canada, Swan River Auctions. 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. A&M service revenue increased 12% year-over-year to $852.0 million with A&M take rate increasing 40 basis points to 14.1% driven by higher buyer fees implemented in early 2022. In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets.