, CA Category: All Categories. , Canada, Porcupine Plain About this app. , Canada, Bolton , Canada, Abbey Subcategory: All Subcategories. "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. $7.5 million share based payments expense. 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. Service revenue increased 14% year-over-year driven by higher buyer fees implemented in early 2022 and revenue growth from our Other Services. 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). , AB , Canada, Roblin Operating margins came in at . You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. PR Newswire. 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.. , Canada, Rockhaven First sign in or create an account. 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. Auction Results: US$63+ million of equipment sold in Houston, TX. There can be no assurance that forward-looking statements will prove to be accurate, and actual results may differ materially from those expressed in, or implied by, these forward-looking statements. Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. IronPlanet is the leading marketplace for the buying and selling of used equipment. , Canada, Middle Lake {0} must be must be greater than 2 characters or be entered as "GD". The replay of the webcast will be available through March 21, 2023. , SK The remaining 17% of the equipment . The Registration Statement was declared effective by the SEC on February 10, 2023. 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. . A free account gives you access to all the features of rbauction.com: We have encountered a server error. B723010601B. , Canada, Shamrock You can sign up for additional alert options at any time. , Canada, Glenbush A one-stop-shop for used equipment dealers and resellers. 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. {0} must be a valid date of the format YYYY-MM-DD. Meter: 2163 Hours. 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. 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. , Canada, Wakaw Sell your equipment. 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. Review our account terms and conditions and privacy statement to learn more about accessing a free account and how we process information. , Canada, Teulon Approximately 92% of the equipment in the October 25 28 auction was sold to Canadians, including 61% purchased by Albertans. : Number of organizations activated on IMS. , AB 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). , MB Containers (2267) Excavator Attachments (2086) Industrial and Construction Supplies (2502) Other (4351 . 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. View original content:https://www.prnewswire.com/news-releases/ritchie-bros-reports-fourth-quarter-2022-results-301752127.html. A sea of equipment stretched over the 220-acre Ritchie Bros. auction site in Orlando, FL last week as the company hosted its largest auction ever--13,350+ items sold for US$297+ million (CNW Group . Get Free Auction Results. How to bid on this item. , SK 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. , Spain, Grande Prairie Cash provided by operating activities was $463.1 million for 2022. Please try again. for more information. You must click the activation link in order to complete your subscription. 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. September 27, 2022. Subscribe by clicking on the button below. $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. , Canada, Rycroft Auction results News . , SK , SK 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 Apply for Financing. , Canada, Manor $0.1 million gain recognized on the disposition of property, plant and equipment. First sign in or create an account. Auction Results: US$71+ million of equipment sold in Fort Worth, TX. The December 13 - 15 Fort Worth auction attracted more than 12,600 registered bidders from 65+ countries, which is new . You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. 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. , Canada, Hussar /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 included 330+ truck tractors, 120+ excavators, 40+ dozers, 20+ cranes, as well as directional drilling equipment, hundreds of trailers, and more. February 27, 2023. , BC , AB Save my name, email, and website in this browser for the next time I comment. , Canada, Milden , MB Upcoming auctions; Auction results; Search over 87,427 items in inventory. 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. $1.1 million gain recognized on the sale of a property in Denver, Colorado. 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. $8.2 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. Adjusted operating income enhances the Company's ability to evaluate and understand ongoing operations, underlying business profitability, and facilitate the allocation of resources. , 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. Report Job. , QC Achieves full year record GTV of $6.0 billion. , SK Updated within 24 hours of the end of an auction. We publish selling prices from our auct. 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. , Canada, Evansburg 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, Langbank , Canada, Stony Plain Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots". Adjusted operating income represents operating income excluding the effects of adjusting items. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. C I M Charity Auction, USA. , Canada, South Vienna Save my name, email, and website in this browser for the next time I comment. , Canada, Grimshaw On an adjusted basis, Ritchie Bros. says it earned 68 cents per diluted share, up from an adjusted profit . , AB Account holders can access 24 months of selling prices through Auction Results. , Canada, The Pas , SK , GA Adjusting operating income eliminates the financial impact of adjusting items from operating income, which are significant recurring and non-recurring items that the Company does not consider to be part of its 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". {0} can only contain letters and numbers. Register to bid online. Inventory sales revenue in Q1 2022 increased 19% to $149.1 million. Online Auction. Keyword: Industry: All Industries. If you experience any issues with this process, please contact us for further assistance. Thanks to technology and our hardworking teams, its easier than ever to sell equipment from anywhere, which is a huge benefit for our customers.. You may obtain free copies of these documents from Ritchie Bros. or IAA free of charge using the sources indicated above. Examples of valid formats would be 000-0000 or 0000000. Our customers in the energy sector benefitted greatly from selling their construction and transportation assets in Fort Worth, with a massive global audience watching. We have encountered a server error. Information about the directors and executive officers of Ritchie Bros. is available in its definitive proxy statement on Schedule 14A for its 2022 Annual Meeting of Shareholders, which was filed with the SEC and applicable Canadian securities regulatory authorities on March 15, 2022, and certain of its Current Reports on Form 8-K. Information about IAA's directors and executive officers is available in IAA's definitive proxy statement on Schedule 14A for its 2022 Annual Meeting of Stockholders, which was filed with the SEC on May 2, 2022, and certain of its Current Reports on Form 8-K. Other information regarding persons who may be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, including information with respect to Mr. Smith, are contained or will be contained in the joint proxy statement/prospectus and other relevant materials filed or to be filed with the SEC and applicable Canadian securities regulatory authorities regarding the proposed IAA transaction when they become available. *The information collected will be retained in accordance with our privacy statement. 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, Congress About Ritchie Bros.Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. , CO , Canada, Bruno , Canada, Las Vegas Ritchie Bros. - Tipton, CA, USA - Kamis, 22 12 2022. . , AB 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. consent to Glacier Farm Media LP, on its own behalf and on behalf of its affiliates, and carrying on Industry. Address Norwalk, CT. 06851 USA. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. Apr 11, 2023 Ritchie Bros. Auctioneers - Farm Auction Middle Lake , SK Apr 8 (9 AM) - Apr 11 (9 AM) Unreserved Online Timed Equipment Consignment Auction, Saskatchewan 23DK Apr 11, 2023 Team Sekura Auctions - Farm Auction , SK , Canada, Hanley , Canada, Western Canada , Canada, Somerset , Canada, Colonsay We sold more than 450 items in last weeks Houston auction and were extremely happy with the results. 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 . , Canada, Carievale Inventory management system activations , Canada, Lethbridge , AB Required fields are marked *. 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. , SK , Canada, Perris 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, Moosomin , SK Service revenue as a percent of GTV increased 90 bps year-over-year to 17.6%. , SK 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. Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB. , Canada, Rouleau 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. , Canada, Tangent : Inventory sales revenue less cost of inventory sold. 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. , Canada, Debert The company's Forward Dividend Ratio is 1.08, with its dividend yield at 1.83%. , United States, Mont Saint Hilaire 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 . Buy new and used heavy equipment and trucks for sale at our live unreserved public auctions from your home, office or jobsite. Make: Model: Year: - . 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, Vegreville You can sign up for additional alert options at any time. 2020 John Deere 648R (52281852), LOCATED-IN-BUTNER-NC-MD Closing Time: 2023-03-30 04:00:00 PM from Ritchie Bros. Auctioneers New York. First sign in or create an account. , Canada, Leoville Cookie Preferences. Required fields are marked *. Account holders can access 24 months of selling prices through Auction Results. The company sells a range of used and unused commercial assets, including earthmoving equipment, truck . , NS . IronPlanet is the leading marketplace for the buying and selling of used equipment. Equipment highlights in the October Edmonton auction included 140+ truck tractors, 85+ excavators, 60+ skid steers, 60+ dozers, 25+ pipelayers, forestry equipment, and more. 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. 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. This metric excludes GovPlanet transactions. Online Auction. (in U.S. dollars $millions, except percentages). , Canada, Hazenmore From the onset of the pandemic, Ritchie Bros. has invested to create .