ritchie bros auction results ritchie bros auction results

, United States, St Aubin Sur Gaillon After submitting your request, you will receive an activation email to the requested email address. Brexit. , MB $2.0 million of acquisition-related costs primarily relating to the share-based continuing employment costs for the acquisitions of Rouse and SmartEquip. {0} must be must be greater than 2 characters or be entered as "GD". Our customers in the energy sector benefitted greatly from selling their construction and transportation assets in Fort Worth, with a massive global audience watching. About Ritchie Bros. Auctioneers About Ritchie Bros. Careers Media Investors Blog Security Center. US$244+ million of equipment sold in our 2023 Premier Global Auction in Orlando, FL. party promotions, as well as product and/or service information, including that of third parties, that Our Main Office. If you experience any issues with this process, please contact us for further assistance. 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. 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. Inventory return , Canada, Watrous 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.. , SK The following table reconciles adjusted operating income to operating income, which is the most directly comparable GAAP measure in the consolidated financial statements. Total number of organizations activated on the Business Inventory Management System increased by 465% year-over-year compared to 2021. , Canada, Minitonas , United States, Jebel Ali Free Zone 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 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. Please refer to pages 14-15 for a summary of adjusting items for the three months ended December 31, 2022 and December 31, 2021. /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: 10,000+ items sold for CA$99+ million in Edmonton, AB October 29, 2022 October 31, 2022. . 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. These adjustments in 2021 have been applied retrospectively to all periods presented, as applicable. , SK : Represents total proceeds from all items sold at the Company's auctions and online marketplaces. Ritchie Bros. is hosting a conference call to discuss its financial results for the quarter ended June 30, 2022 at 8am Pacific time . , Canada, James River Bridge 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. $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. (in U.S. dollars $millions, except percentages). 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. 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. 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. The remaining 17% of the equipment . , SK , Canada, Lake Lenore Service revenue increased 11% year-over-year to $272.5 million. 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. {0} can only contain letters and numbers. , MB , NV Bids per lots sold , SK PERMISSION TO CONTACT YOU BY EMAIL By providing your e-mail address, you confirm that you are providing $2.3 million of non-recurring advisory, legal and restructuring costs, which include $0.9 million related to severance and retention costs in connection with the restructuring of our information technology team driven by our strategy to build a new digital technology platform, $0.5 million of terminated and ongoing transaction and legal costs relating to mergers and acquisition activity, $0.4 million of SOX remediation costs, and $0.6 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021. , SK Equipment highlights included 330+ truck tractors, 120+ excavators, 40+ dozers, 20+ cranes, as well as directional drilling equipment, hundreds of trailers, and more. Our latest changes to Salvage Sale were designed to improve user experience, as well as grant more exposure to our inventory. 78 weekly online auctions. , Canada, High Prairie , SK : A single asset to be sold, or a group of assets bundled for sale as one unit. , BC , AB , AB GTV increased 6% year-over-year to $1.5 billion driven by a rebound in lot volumes offset by weaker mix adjusted prices, unfavourable impact of foreign exchange and unfavorable asset mix. {0} is an invalid phone number format. Ritchie Bros. is the world's largest industrial auctioneer . , SK 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. $5.4 million share based payments expense. , Canada, Congress Online Auction. , Canada, Glenbush If you experience any issues with this process, please contact us for further assistance. September 27, 2022. Get Shipping Quotes. $5.6 million share based payments expense. , AB For the reasons set forth above, you should not place undue reliance on forward looking statements. , Canada, Longmont , Canada, Wakaw , Canada, Balcarres *The information collected will be retained in accordance with our privacy statement. , SK , Canada, Teulon , ON First sign in or create an account. 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. 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). In addition, Canada saw an increased volume of inventory sold mainly in the commercial transportation and construction sectors. See the equipment prices. {0} is an invalid phone number format. Service revenue increased 11% year-over-year, driven by solid contribution from both Auctions & Marketplace ("A&M") and positive growth from our Other Services. , Canada, Debert Auctions. , Canada, Las Vegas Buy used equipment. Examples of valid formats would be 000-0000 or 0000000. . , Canada, Leask , SK , Canada, Swan River First sign in or create an account. From the onset of the pandemic, Ritchie Bros. has invested to create . 2009 Mack GU813 (52292149), 6 Cylinder 12.7 L Diesel Engine LOCATED-IN-BOLTON-ON, Closing Time: 2023-02-28 11:35:15 AM from Ritchie Bros. Auctioneers You may obtain free copies of these documents from Ritchie Bros. or IAA free of charge using the sources indicated above. As long as you're connected you can bid. Online Auction. Register to bid online. , Canada, Leoville 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. 2023-01-18 Wednesday Jan 18, 2023. . 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. Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. , SK $1.1 million gain recognized on the sale of a property in Denver, Colorado. Your email address will not be published. $0.2 million gain recognized on the disposition of property, plant and equipment. 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. 1 and Amendment No. $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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. , BC Make: Model: Year: - . , Netherlands, Australia Construction Equipment Guide 470 Maryland Drive Fort Washington, PA 19034 800-523-2200 , MB 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, Hazenmore Auction Results. The unreserved online auction attracted more than 10,800 online bidders from 63 countries. Operating margins came in at . Buy new and used heavy equipment and trucks for sale at our live unreserved public auctions from your home, office or jobsite. (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. Read more. C I M Charity Auction, USA. The largest of these events took place in Houston, TX, where we sold US$63+ million of equipment online for approximately 700 consignors. Remember me. (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. , Canada, South Vienna Inventory sales revenue increased 37% year-over-year to $683.2 million primarily due to a higher mix of GTV contracted via inventory deals primarily sourced from our United States strategic accounts teams. Muskrat Falls auction helps break new regional sales record for Ritchie Bros. 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. Save my name, email, and website in this browser for the next time I comment. , Canada, Western Canada , MB 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. , QC Approximately 92% of the equipment in the October 25 28 auction was sold to Canadians, including 61% purchased by Albertans. View All Ritchie Bros. Auctioneers Videos. , SK Serial number or VIN: B722121701B. , WA , SK $8.5 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. IronPlanet is the leading marketplace for the buying and selling of used equipment. A free account gives you access to all the features of rbauction.com: We have encountered a server error. We will work with you to determine the best way to sell your equipment and market it to our millions of buyers. $6.2 million share based payments expense. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 2020 John Deere 648R (52281852), LOCATED-IN-BUTNER-NC-MD Closing Time: 2023-03-30 04:00:00 PM from Ritchie Bros. Auctioneers , MB , Canada, Notre Dame De Lourdes In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. Address Norwalk, CT. 06851 USA. 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, Kincaid 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. 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". , Canada, Hilbre Keyword: Industry: All Industries. , Canada, Outlook , Australia, Yorkton Cookie Preferences. $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. View options. , Canada, Stump Lake /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. , Canada, Rockhaven 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. , Canada, Canora , Canada, Athabasca , SK Selling: Houston, TX, USA - Thu, Apr 13. Home > Auction Results. 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.