$3.4 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. , MB It's fast and free. September 27, 2022. Adjusted operating income enhances the Company's ability to evaluate and understand ongoing operations, underlying business profitability, and facilitate the allocation of resources. *The information collected will be retained in accordance with our privacy statement. Ritchie Bros. Auctioneers reports Q4 profit and revenue up from year $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. $3.0 million of acquisition-related costs related to the acquisition of Rouse. , SK Ritchie Bros. Sells More Than $244MM in Equipment at Auction in Orlando 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. 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. , Canada, Abbey {0} must be a valid date of the format YYYY-MM-DD. Containers (2267) Excavator Attachments (2086) Industrial and Construction Supplies (2502) Other (4351 . $5.4 million share based payments expense. "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 document is not a substitute for the joint proxy statement/prospectus or registration statement or any other document that Ritchie Bros. or IAA may file with the SEC and/or applicable Canadian securities regulatory authorities. , MB , AB Technology. , United States, Arran Auction Results: US$63+ million of equipment sold in Houston, TX Upcoming auctions; Auction results; Search over 93,979 items in inventory. $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. Ive been selling with Ritchie Bros. since 2007 and they always do the best they can to get the most money possible for our equipment.. Required fields are marked *. , SK , Canada, Middle Lake {0} must be between {1} and {2} characters. {0} can only contain letters, numbers, dash (-) and dot (.). Ritchie Bros Auctioneers Incorporated : Earnings Document $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. Required fields are marked *. Add to Watchlist. 1992 Peterbilt 379 T/A Dump Truck | Ritchie Bros. Auctioneers , Canada, Rockhaven Auction Results: US$86+ million of equipment sold in Fort Worth consent to Glacier Farm Media LP, on its own behalf and on behalf of its affiliates, and carrying on 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. Adjusted Operating Income ReconciliationThe Company believes that adjusted operating income provides useful information about the growth or decline of its operating income for the relevant financial period and eliminates the financial impact of adjusting items the Company does not consider to be part of its normal operating results. Ritchie Bros. Auctioneers - Financials - Quarterly Results 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. , TX , Canada, Mossleigh , SK Service revenue increased 11% year-over-year to $272.5 million. , Canada, Meppen By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. $2.0 million of acquisition-related costs primarily relating to the share-based continuing employment costs for the acquisitions of Rouse and SmartEquip. 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 . Three-day auction attracted 12,600+ bidders from 65+ countries. Conference call and webcast details are available at the following link:https://investor.ritchiebros.com. , Canada, Assiniboia , MB 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. US $17,000. , SK Ritchie Bros. Auctioneers. If you have equipment to consign, please contact us today! Create a free account: it's fast, free and gives you full access to our website features. $14.0 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. $8.8 million share based payments expense. 400+ unreserved onsite auctions with online bidding. Solid execution from the at-risk team drove a robust 10.4% inventory rate. Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. Ritchie Bros. Auctions. If you experience any issues with this process, please contact us for further assistance. Meter: 2163 Hours. Read more. , Canada, Outlook , Canada, Saskatoon , SK *The information collected will be retained in accordance with our privacy statement. 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. 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. /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. , AB GTV increased 9% year-over-year to $6.0 billion driven by continued strong demand, strong asset pricing and higher lot counts, partially offset by an unfavourable impact of foreign exchange and an unfavorable asset mix. C I M Charity Auction, USA. : Number of organizations activated on IMS. "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 . If you have equipment to consign, please contact us today! , Canada, Shamrock 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. $8.5 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. Updated within 24 hours of the end of an auction. Equipment highlights included 330+ truck tractors, 120+ excavators, 40+ dozers, 20+ cranes, as well as directional drilling equipment, hundreds of trailers, and more. Cookie Preferences. , WA $10.3 million of acquisition-related costs related to the acquisitions of Rouse, and SmartEquip and proposed acquisition of Euro Auctions. Senior Front End Web Developer Job in Norwalk, CT at Ritchie Bros New to our site? Ritchie Bros. is hosting a conference call to discuss its financial results for the quarter ended September 30, 2022 at 5am Pacific time / 8am Eastern time / 1pm GMT on November 7, 2022. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. 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. , Canada, North Battleford , MB 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. , OH , MB The Company has also adjusted for certain non-recurring advisory, legal and restructuring costs. , SK , AB Service revenue increased 11% year-over-year, driven by solid contribution from both Auctions & Marketplace ("A&M") and positive growth from our Other Services. Past Heavy Equipment Auctions | Ritchie Bros. Auctioneers In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. Save my name, email, and website in this browser for the next time I comment. Register to bid online. may be of interest to you, and that you understand you may unsubscribe at any time. 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. 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. , Canada, Chehalis Auction Results: US$71+ million of equipment sold in Fort Worth, TX. $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, Wadena Sign Me Up Login. , United States, Dunnigan 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. , Canada, Edgeley Adjusted EBITDA increased 24% driven by high flow through revenue growth of 24%. Buy new and used heavy equipment and trucks for sale at our live unreserved public auctions from your home, office or jobsite. , Canada, Wetaskiwin The company's Forward Dividend Ratio is 1.08, with its dividend yield at 1.83%. Industry. 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} , Canada, Evansburg 1988 Lincoln SA-250-TMD Mobile Engine Driven Welder | Ritchie Bros Ritchie Bros. Auctioneers NYSE:RBA Stock Report - Simply Wall St (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. After submitting your request, you will receive an activation email to the requested email address. 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. As long as you're connected you can bid. Support Contact us Frequently Asked . Get Free Auction Results. , AB {0} can only contain letters and numbers. Group. Investors should read the joint proxy statement/prospectus carefully before making any voting or investment decisions. 2016 Western Star 4900 For Sale (52293209) from Ritchie Bros Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB October 29, 2022 October 31, 2022. . , Canada, Leask , Canada, Hilbre 2007 Sterling ACTERRA For Sale (52280065) from Ritchie Bros , SK Auction results: US$50+ million of equipment sold in Pacific Northwest auction . Subcategory: All Subcategories. 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. , SK , QC . $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, Zevenbergen Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. View All Ritchie Bros. Auctioneers Videos. Auction Results: US$71+ million of equipment sold in Fort Worth, TX. 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. , AB 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. , Canada, Handel Get inventory updates. Adjusted operating income represents operating income excluding the effects of adjusting items. , SK Ritchie Bros. auction in Houston hits US$61+ million 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. , Canada, Wakaw About Us | Ritchie Bros. Auctioneers 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 . $7.9 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. VANCOUVER - Ritchie Bros. Auctioneers Inc. reported its fourth-quarter profit and sales were up compared with a year earlier. Nisku They have the best marketing, reach the most buyers, and will get you the most money for your equipment. Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. Ritchie Bros. reports third quarter 2022 results Ritchie Bros. Auctioneers (http://www.rbauction.com) is the world's largest auctioneer of heavy equipment and trucks. 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. Located: Mont-Saint-Hilaire, QC.
, MB Auction Results: US$71+ million of equipment sold in Fort Worth, TX 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. Richie Brothers Auctions - IronPlanet Get Free Auction Results. , United States, Polotitlan It's fast and free. The December 13 - 15 Fort Worth auction attracted more than 12,600 registered bidders from 65+ countries, which is new . 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. $9.6 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. Ritchie Bros. - Tipton, CA, USA - Kamis, 22 12 2022. . Ritchie Bros. reports first quarter 2022 results 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} , Canada, Athabasca 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. : Inventory return divided by inventory sales revenue. Sell your equipment. Save my name, email, and website in this browser for the next time I comment. The following table reconciles adjusted operating income to operating income, which is the most directly comparable GAAP measure in the consolidated financial statements. Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots". Diluted adjusted EPS attributable to stockholders eliminates the financial impact of adjusting items from net income attributable to stockholders that the Company does not consider to be part of the 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". , SK We will work with you to determine the best way to sell your equipment and market it to our millions of buyers. 2020 John Deere 648R For Sale (52281852) from Ritchie Bros. Auctioneers 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.