Service revenue increased 14% year-over-year driven by higher buyer fees implemented in early 2022 and revenue growth from our Other Services. The Registration Statement was declared effective by the SEC on February 10, 2023. , Canada, Medford , Canada, Swan River , Canada, Rolling Hills All items were sold without minimum bids or reserve prices. If you experience any issues with this process, please contact us for further assistance. , SK We offer a wide range of unused and used equipment and trucks for sale: , BC 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. (in U.S. dollars $000's, except share and per share data, and percentages), Loss on redemption of the 2021 Notes and certain related interest expense, Adjusted net income attributable to stockholders, Weighted average number of dilutive shares outstanding, Diluted adjusted earnings per share attributable to Stockholders. Adjusted operating income enhances the Company's ability to evaluate and understand ongoing operations, underlying business profitability, and facilitate the allocation of resources. , Canada, James River Bridge 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. 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. : Represents total proceeds from all items sold at the Company's auctions and online marketplaces. , Canada, Reston 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. $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. Make: Model: Year: - . ", In addition, Eric Jacobs, CFO of Ritchie Bros. added, "we are pleased with our continued strong financial performance in the fourth quarter. 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. $6.2 million share based payments expense. , Canada, Mossleigh The unreserved online auction attracted more than 10,800 online bidders from 63 countries. Ritchie Bros. is the world's largest industrial auctioneer . {0} can only contain letters, numbers, dash (-) and dot (.). , SK Auction results News . For the reasons set forth above, you should not place undue reliance on forward looking statements. , Canada, Hilbre About Ritchie Bros. Auctioneers About Ritchie Bros. Careers Media Investors Blog Security Center. For more information about Ritchie Bros., visit RitchieBros.com. Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. 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. $2.0 million of acquisition-related costs primarily relating to the share-based continuing employment costs for the acquisitions of Rouse and SmartEquip. 2023-01-18 Wednesday Jan 18, 2023. . , AB Total number of organizations activated on the Business Inventory Management System increased by 465% year-over-year compared to 2021. Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. We are excited by the anticipated closing of the IAA acquisition and its expected impact to Ritchie Bros. for years to come. Updated within 24 hours of the end of an auction. 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. Industry. Important Additional Information and Where to Find It. "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 . , United States, View Past $2.9 million of acquisition-related costs related to the acquisition of Rouse. Email address. , Canada, Manitoba Serial number or VIN: B722121701B. , SK Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB. Construction Equipment Guide 470 Maryland Drive Fort Washington, PA 19034 800-523-2200 , France, Neilburg , Canada, Stornoway Save my name, email, and website in this browser for the next time I comment. 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. , Canada, Stockholm 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. : Inventory sales revenue less cost of inventory sold. 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. Auction Results. The replay of the webcast will be available through March 21, 2023. Other Services selling, general and administrative expenses increased 29% year-over-year to $20.3 million due to higher labor costs from investments made for our growth initiatives in RBFS and Rouse, and the inclusion of SmartEquip. Meter: 2163 Hours. First sign in or create an account. 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. Adjusted net debt is calculated by subtracting cash and cash equivalents from short and long-term debt. Online Auction. The remaining 12% was sold to international buyers from as far away as Australia, Finland, Israel, and Malaysia. We conduct hundreds of public equipment auctions around the world each year for the construction, transportation, agricultural, real estate and other industries. Inventory management system activations Keyword: Industry: All Industries. , Canada, Radville Investors should read the joint proxy statement/prospectus carefully before making any voting or investment decisions. , Canada, Bruno , MB , SK , Canada, Rouleau Account holders can access 24 months of selling prices through Auction Results. 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 . $9.1 million share based payments expense. Ritchie Bros. Feb 20, 2023, 07:00 ET. US $17,000. , AB , MD , Canada, Vegreville Please refer to pages 14-15 for a summary of adjusting items for the three months ended December 31, 2022 and December 31, 2021. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. When you work with Ritchie Bros. everything is first class, said Cortney Laney, Vice President & Chief Operating Officer for MDS Boring & Drilling. Selling: Houston, TX, USA - Thu, Apr 13. : Inventory return divided by inventory sales revenue. Ritchie Bros. reports fourth quarter 2022 results, https://www.prnewswire.com/news-releases/ritchie-bros-reports-fourth-quarter-2022-results-301752127.html, Total revenue increased 24% year-over-year to $443.9 million, Service revenue increased 11% year-over-year to $272.5 million, Inventory sales revenue increased 50% year-over-year to $171.3 million, Net income increased 48% year-over-year to $45.3 million, Diluted earnings per share increased 48% year-over-year to $0.40 per share, GTV increased 9% year-over-year to $6.0 billion or 12% year-over-year when excluding the impact of foreign exchange, Total revenue increased 22% year-over-year to $1.7 billion, Service revenue increased 14% year-over-year to $1.1 billion, Inventory sales revenue increased 37% year-over-year to $683.2 million, Net income increased 110% year-over-year to $319.8 million, Diluted earnings per share increased 110% year-over-year to $2.86 per share, Diluted adjusted earnings per share increased 24% year-over year to $2.41 per share, Adjusted EBITDA increased 21% year-over-year to $465.2 million. Diluted adjusted EPS attributable to stockholders is calculated by dividing adjusted net income attributable to stockholders, net of the effect of dilutive securities, by the weighted average number of dilutive shares outstanding. A one-stop-shop for used equipment dealers and resellers. Three-day auction attracted 12,600+ bidders from 65+ countries. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. GlobalAuctionGuide.com 2001-2023 | Part of the Global Auction Guide Media 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, Benito , SK How to bid on this item. Email Auctioneer. , Canada, Athabasca 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. 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. , United States, Ocana , Canada, Porcupine Plain , SK Conference call and webcast details are available at the following link:https://investor.ritchiebros.com. Inventory rate , SK We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. , CA Containers (2267) Excavator Attachments (2086) Industrial and Construction Supplies (2502) Other (4351 . consent to Glacier Farm Media LP, on its own behalf and on behalf of its affiliates, and carrying on , Canada, Perris Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB October 29, 2022 October 31, 2022. . Our Main Office. New York. Upcoming auctions; Auction results; Search over 93,979 items in inventory. 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. , ON The following table reconciles adjusted operating income to operating income, which is the most directly comparable GAAP measure in the consolidated financial statements. About this app. , Canada, Rockhaven Easy-to-use, self-serve interface, automatic inventory upload. Adjusted operating income represents operating income excluding the effects of adjusting items. Make: Model: Year: - . Online Auction. Mack E7 6 Cylinder 12 L Diesel 427 hp Engine, 2002 US EPA Label, 18041 Engine hrs, Engine Brake, Eaton Fuller 10-Speed Manual Transmission, Differential Lock, 12000 lb Front Axle, 38000 lb Rears, MACK Drive Axles, 50000 lb GVWR, Air Ride Cab, Aluminum Wheels, 11R24.5 Front Tires, 11R24.5 Rear Tires, Air Ride Suspension, 204 in Wheelbase, PTO, Wet Kit, Air Sliding 5th Wheel, Headache Rack, Dual . If you have equipment to consign, please contact us today! The . 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, Rycroft Bids per lots sold , SK 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. , Canada, Western Canada 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. , SK $2.6 million of non-recurring advisory, legal and restructuring costs, which include $1.4 million of terminated and ongoing transaction and legal costs relating to mergers and acquisition activity, $0.7 million of SOX remediation costs relating to efforts to remediate the material weaknesses identified in 2020, and $0.5 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021. , Canada, Chehalis 2020 John Deere 648R (52281852), LOCATED-IN-BUTNER-NC-MD Closing Time: 2023-03-30 04:00:00 PM from Ritchie Bros. Auctioneers $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. , Canada, Elm Creek This metric excludes GovPlanet transactions. 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. GTV and Selected Condensed Consolidated Financial Information, GTV and Condensed Consolidated Income Statements Fourth Quarter(in U.S. dollars $000's, except share, per share amounts and percentages)(Unaudited), Gain on disposition of property, plant and equipment. , SK A free account gives you access to all the features of rbauction.com: We have encountered a server error. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. It's fast and free. Ritchie Bros. - Tipton, CA, USA - Kamis, 22 12 2022. . , MB , SK Group. Adjusted net income attributable to stockholders represents net income attributable to stockholders, excluding the effects of adjusting items. , SK This news release references non-GAAP measures. 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. , Canada, Roblin Selling: Montreal, QC, CAN - Fri, Mar 24. , Canada, Outlook 2001 Kenworth T800 6x4 T/A Dump Truck . Filter. GTV increased 9% when excluding the impact of foreign exchange. , SK Report Job. This metric calculates the total number of bids received for a lot divided by the total number of lots sold. /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. Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots". The remaining 8% was purchased by international buyers from as far away as Egypt, Poland, and Vietnam. , United States, Wilkie 1-800-211-3983, View Website Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. Other costs of services increased 91% year-over-year to $10.6 million mainly due to the acquisition of SmartEquip. Solid execution from the at-risk team drove a robust 10.9% inventory rate. Other Ritchie Bros. Auctioneers offerings. , Canada, Colgate Get inventory updates. $8.2 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. Other Services total revenue increased 11% year-over-year to $50.5 million primarily due to the inclusion of SmartEquip, stronger performance and execution in RBFS, and growth in Rouse. , Canada, Edgeley , Canada, Wetaskiwin After submitting your request, you will receive an activation email to the requested email address. Search, register and bid at Ritchie Bros. auctions around the world on your Android mobile devices! 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. If you have equipment to consign, please contact us today! 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. You can filter the results by year, make, model, type and location. Auctions. Service revenue increased 11% year-over-year, driven by solid contribution from both Auctions & Marketplace ("A&M") and positive growth from our Other Services. Search Results Near Norwalk, CT General Store Manager Auto Collision Estimator Neonatal Nurse 8 of the Highest Paying Jobs in Norwalk, CT for 2023 . 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. Get Free Auction Results. 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. Adjusted EBITDA increased 24% driven by high flow through revenue growth of 24%. Category: All Categories. , Canada, Milden The company's Forward Dividend Ratio is 1.08, with its dividend yield at 1.83%. , AB , Canada, South Vienna , Canada, Tangent A lot is defined as a single asset to be sold, or a group of assets bundled for sale as one unit. After submitting your request, you will receive an activation email to the requested email address. , Canada, Watrous First sign in or create an account. 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. Your email address will not be published. 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.. Ritchie Bros. to host Fourth Quarter 2022 Results Earnings Conference Call on February 21st, 2023. A&M service revenue increased 11% year-over-year to $222.1 million with A&M take rate increasing 70 basis points to 14.4% driven by higher buyer fees implemented in early 2022. Please see contact us 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 . Operating margins came in at . Your email address will not be published. , Canada, High Prairie , AB last minute wedding gatlinburg,

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