ritchie bros auction results

, SK , Canada, Assiniboia , United States, North East 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. Required fields are marked *. , Canada, Medford Bids per lots sold 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. Please refer to pages 14-15 for a summary of adjusting items for the three months ended December 31, 2022 and December 31, 2021. . Email Auctioneer. Sign Me Up Login. , SK Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. See the equipment prices. 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, Edgeley , Canada, Gilbert Plains Important Additional Information and Where to Find It. Other Services selling, general and administrative expenses increased 48% year-over-year to $73.7 million due to the inclusion of SmartEquip, higher costs in RBFS with strong results, as well as investments made for our growth initiatives in Rouse. Containers (2267) Excavator Attachments (2086) Industrial and Construction Supplies (2502) Other (4351 . , MB September 27, 2022. By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. consent to Glacier Farm Media LP, on its own behalf and on behalf of its affiliates, and carrying on 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). GlobalAuctionGuide.com 2001-2023 | Part of the Global Auction Guide Media party promotions, as well as product and/or service information, including that of third parties, that , SK Adjusted EBITDAThe Company believes adjusted EBITDA provides useful information about the growth or decline of its net income when compared between different financial periods. Ritchie Bros. has grown from a small-town auctioneer to a global asset management and disposition company. 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. All items were sold without minimum bids or reserve prices. 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. $9.1 million share based payments expense. , SK $7.5 million share based payments expense. Approximately 92% of the equipment in the October 25 28 auction was sold to Canadians, including 61% purchased by Albertans. , SK $3.0 million of acquisition-related costs related to the acquisition of Rouse. Service revenue increased 14% year-over-year driven by higher buyer fees implemented in early 2022 and revenue growth from our Other Services. 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. Auctions. , TX Ritchie Bros. Auctioneers 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} $8.5 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. : Each bid is completed electronically through our real-time online bidding system. The auction was held from Feb. 20 to Feb. 24 and attracted more than 22,600 people from more than 80 countries, with approximately 83% of the equipment selling to U.S. buyers, including 18% purchased by Floridians. , United States, Ocana 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. 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. 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. Save my name, email, and website in this browser for the next time I comment. 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. Located: Mont-Saint-Hilaire, QC. Adjusted EBITDA increased 24% driven by high flow through revenue growth of 24%. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. We will work with you to determine the best way to sell your equipment and market it to our millions of buyers. Total number of organizations activated on the Business Inventory Management System increased by 465% year-over-year compared to 2021. About this app. Ritchie Bros. is hosting a conference call to discuss its financial results for the quarter ended June 30, 2022 at 8am Pacific time . , Canada, Outlook This increase in mix was mainly driven by our strategic accounts in the United States. 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. business through its divisions, to receive emails containing news, updates and promotions, including third 78 weekly online auctions. , SK On an adjusted basis, Ritchie Bros. says it earned 68 cents per diluted share, up from an adjusted profit . , United States, Mont Saint Hilaire , SK Subscribe by clicking on the button below. Selling: Houston, TX, USA - Thu, Apr 13. : Number of organizations activated on IMS. 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. We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. , Spain, Grande Prairie , Canada, Las Vegas 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 Bros.' Auction Results. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. , MD Category: All Categories. 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. Achieves full year record GTV of $6.0 billion. Our customers in the energy sector benefitted greatly from selling their construction and transportation assets in Fort Worth, with a massive global audience watching. $2.9 million of acquisition-related costs related to the acquisition of Rouse. , AB $14.0 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. 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. 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. Access some of the most up-to-date equipment pricing information available online, Two-year's worth of equipment selling prices, Updated within 24 hours of the end of an auction, Determine the approximate value of specific equipment in today's marketplaces, Research residual value of specific equipment makes and models, Discover where equipment and trucks for specific industries are in demand, Compare selling prices of equipment based on make, model, year or even location. 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. , Australia, Yorkton 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. The Registration Statement was declared effective by the SEC on February 10, 2023. 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. , SK , SK Ritchie Bros. to host Fourth Quarter 2022 Results Earnings Conference Call on February 21st, 2023. View options. {0} must be a valid date of the format YYYY-MM-DD. We sold more than 450 items in last weeks Houston auction and were extremely happy with the results. , OH , MB , Canada, Rycroft 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. , GA Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. Quarterly DividendOn January 13, 2023, the Company declared a quarterly cash dividend of $0.27 per common share, payable on March 3, 2023 to stockholders of record on February 10, 2023. We publish selling prices from our auct. First sign in or create an account. Read more. $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. Ritchie Bros. Auctioneers. , SK Required fields are marked *. , AB $6.8 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse. {0} must be must be greater than 2 characters or be entered as "GD". The company sells a range of used and unused commercial assets, including earthmoving equipment, truck . GTV is not a measure of financial performance, liquidity, or revenue, and is not presented in the Company's consolidated financial statements. We conduct hundreds of public equipment auctions around the world each year for the construction, transportation, agricultural, real estate and other industries. 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. Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. GTV increased 12% when excluding the impact of foreign exchange. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Apply for Financing. 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. , AB Service revenue as a percent of GTV increased 90 bps year-over-year to 17.6%. Account holders can access 24 months of selling prices through Auction Results. , SK This news release references non-GAAP measures. 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. Ritchie Bros. Auctioneers Equipment For Sale. , WA 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. , MB , Canada, Lake Lenore 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. 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". 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. Get Free Auction Results. , Canada, Killam 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. , Canada, Carievale The Company has also adjusted for certain non-recurring advisory, legal and restructuring costs. , AB 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". 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. 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. , Canada, Grimshaw Sell your equipment. Get Free Auction Results. $4.5B in gross transactional value: one of the world's largest sellers of used equipment on-site and online. 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. Report Job. , AB , SK , SK , AB , Canada, Middle Lake Amortization of acquired intangible assets, Loss (gain) on disposition of property, plant and equipment and related costs, Non-recurring advisory, legal and restructuring costs. , NS If you experience any issues with this process, please contact us for further assistance. $6.6 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse. , SK Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. , MB , Canada, Western Canada , Canada, Manor PR Newswire. , United States, Wilkie , Germany, Newnan , CO B723010601B. Ritchie Bros. Feb 20, 2023, 07:00 ET. Burnaby, BC, CA, 1-800-211-XXXX (Click to reveal) 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. Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. . Filter. , Canada, Swan River 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. The unreserved online auction attracted more than 10,800 online bidders . After submitting your request, you will receive an activation email to the requested email address. Debt / net income was 1.9x for the twelve months ended December 31, 2022. $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. : Inventory return divided by inventory sales revenue. , Canada, Vegreville Create a free account: it's fast, free and gives you full access to our website features. 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.. Cookie Preferences. $7.9 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. Email address. 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. Search IronPlanet's auction results. , AB , AB Support Contact us Frequently Asked . , Canada, Hilda 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 . Here are three of the biggest sellers in the auction: Your email address will not be published. Industry. , Canada, Young , Canada, Glenbush Auction Results: US$63+ million of equipment sold in Houston, TX. These adjustments in 2021 have been applied retrospectively to all periods presented, as applicable. , Canada, James River Bridge In 2021, the Company updated the calculation of adjusted EBITDA to add-back certain adjustments that have been applied retrospectively to all periods presented, as applicable (refer to adjusted operating income reconciliation above). , SK Ritchie Bros. - C I M Charity Auction, USA - Wednesday Jan 18, 2023. 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. , MB , Canada, Minitonas 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. $8.4 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. Meter: 2163 Hours. 22,600+ bidders competing for 13,300+ items Last week we sold 13,300+ equipment items, trucks, and vehicles at our Premier Global. Construction Equipment Guide 470 Maryland Drive Fort Washington, PA 19034 800-523-2200 Nisku , Canada, Milden 400+ unreserved onsite auctions with online bidding. Please refer to pages 14-15 for a summary of adjusting items during the three months ended December 31, 2022 and December 31, 2021. The company, which keeps its books in U.S. dollars, reported a . $5.6 million share based payments expense. , Canada, Stony Plain Adjusted operating income represents operating income excluding the effects of adjusting items. , Italy, Chilliwack Online Auction. 2001 Kenworth T800 6x4 T/A Dump Truck . , MB , United States, Arran Adjusted net income attributable to stockholders represents net income attributable to stockholders, excluding the effects of adjusting items.

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