This metric excludes GovPlanet transactions. A one-stop-shop for used equipment dealers and resellers. You must click the activation link in order to complete your subscription. Through our family of companies, we help our customers buy and sell a wide range of used and unused equipment for construction, mining, transportation, agriculture, oil & gas, lifting & material handling, forestry & other industries. 78 weekly online auctions. , United States, Arran The replay of the webcast will be available through March 21, 2023. 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. $6.6 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse. Approximately 92% of the equipment in the October 25 28 auction was sold to Canadians, including 61% purchased by Albertans. , Canada, Western Canada , AB First sign in or create an account. Cash provided by operating activities was $463.1 million for 2022. 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. Service revenue increased 11% year-over-year to $272.5 million. . Start selling today. 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. , United States, Wilkie 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. Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. : Number of organizations activated on IMS. 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. The Registration Statement was declared effective by the SEC on February 10, 2023. Documents filed with the SEC and applicable Canadian securities regulatory authorities by Ritchie Bros. (when they are available) will be available free of charge by accessing the website of Ritchie Bros. at investor.ritchiebros.com under the heading Financials/SEC Filings, or, alternatively, by directing a request by telephone or mail to Ritchie Bros. at 9500 Glenlyon Parkway, Burnaby, BC, V5J 0C6, Canada, and documents filed with the SEC by IAA (when they are available) will be available free of charge by accessing IAA's website at investors.iaai.com or by contacting IAA's Investor Relations at investors@iaai.com. Sign Me Up Login. Upcoming auctions; Auction results; Search over 87,427 items in inventory. : Each bid is completed electronically through our real-time online bidding system. , SK In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. , Canada, Schuler Cookie Preferences. *The information collected will be retained in accordance with our privacy statement. 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. , France, Neilburg , Canada, Colgate Adjusted Net Income Attributable to Stockholders and Diluted Adjusted EPS Attributable to Stockholders ReconciliationThe Company believes that adjusted net income attributable to stockholders provides useful information about the growth or decline of the net income attributable to stockholders for the relevant financial period and eliminates the financial impact of adjusting items the Company does not consider to be part of the normal operating results. Other costs of services increased 91% year-over-year to $10.6 million mainly due to the acquisition of SmartEquip. Subcategory: All Subcategories. Save my name, email, and website in this browser for the next time I comment. $8.4 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. , SK Auction Results: US$71+ million of equipment sold in Fort Worth, TX. consent to Glacier Farm Media LP, on its own behalf and on behalf of its affiliates, and carrying on , Canada, Congress , AB Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB. New to our site? You can filter the results by year, make, model, type and location. , Canada, Rycroft $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. , AB Toronto, February 28, 2023 -- Moody's Investors Service ("Moody's") has confirmed Ritchie Bros. Auctioneers Incorporated's ("RBA") Ba2 corporate family rating (CFR), its Ba2-PD probability of default rating, and its Ba3 senior unsecured rating on its existing notes due 2025, which will be withdrawn once repaid. 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. , MD , Canada, Meppen Burnaby, BC, CA, 1-800-211-XXXX (Click to reveal) Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots". Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. Apply for Financing. Ritchie Bros. is so efficient, and they get your equipment in front of hundreds of thousands of potential equipment buyersits hard to beat! , Canada, Middle Lake , Canada, Salvador Debt / net income was 1.9x for the twelve months ended December 31, 2022. , Canada, Abbey It's fast and free. $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. , SK All items were sold without minimum bids or reserve prices. The remaining 17% of the equipment . You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. , Canada, Hilbre 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. "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 . , MB Please try again. Inventory rate $5.4 million share based payments expense. For the reasons set forth above, you should not place undue reliance on forward looking statements. , SK Service revenue in Q1 2022 increased 19% to $244.9 million. Inventory sales revenue increased 50% year-over-year to $171.3 million primarily due to a higher mix of GTV contracted via inventory deals. , Canada, Edgeley Inventory management system activations 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. Auctioneers: Thanks to technology and our hardworking teams, its easier than ever to sell equipment from anywhere, which is a huge benefit for our customers.. , Canada, Vibank 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're trusted worldwide because we make buying and selling heavy equipment and trucks easy, efficient, fair, and transparent. Buy new and used heavy equipment and trucks for sale at our live unreserved public auctions from your home, office or jobsite. $9.1 million share based payments expense. . 2023-01-18 Wednesday Jan 18, 2023. . $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, The Pas (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. $1.5 million of non-recurring advisory, legal and restructuring costs, which include $1.1 million of terminated and ongoing transaction and legal costs relating to mergers and acquisition activity, $0.3 million of severance and retention costs in connection with the restructuring of our information technology team during the first quarter of 2022 driven by our strategy to build a new digital technology platform, and $0.1 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021. Description: Cummins ISB 6.7 L Diesel 305 hp Engine, 2008 US EPA Label, Automatic Transmission, 225/70R19.5, Spring Suspension, 190 in Wheelbase, DEL 11 ft 5 in Long Body, Manual Roll Tarp LOCATED . You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. , Canada, Steelman , SK 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. $2.0 million of acquisition-related costs primarily relating to the share-based continuing employment costs for the acquisitions of Rouse and SmartEquip. Required fields are marked *. Our newsletter is the best way to keep up with all current auctions in your area! 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. $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. 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. , SK For more information about Ritchie Bros., visit RitchieBros.com. , Canada, Eston Total revenue increased 24% year-over-year to $443.9 million. , Canada, Porcupine Plain Please see contact us When you work with Ritchie Bros. everything is first class, said Cortney Laney, Vice President & Chief Operating Officer for MDS Boring & Drilling. , AB Adjusted EBITDA increased 24% driven by high flow through revenue growth of 24%. , AB {0} must be a valid date of the format YYYY-MM-DD. $8.5 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. Required fields are marked *. The following table reconciles adjusted operating income to operating income, which is the most directly comparable GAAP measure in the consolidated financial statements. 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). View original content:https://www.prnewswire.com/news-releases/ritchie-bros-reports-fourth-quarter-2022-results-301752127.html. The largest of these events took place in Houston, TX, where we sold US$63+ million of equipment online for approximately 700 consignors. , United States, St Aubin Sur Gaillon Containers (2267) Excavator Attachments (2086) Industrial and Construction Supplies (2502) Other (4351 . You must click the activation link in order to complete your subscription. 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. , United States, Ocana A lot is defined as a single asset to be sold, or a group of assets bundled for sale as one unit. {0} must be a valid date of the format YYYY-MM-DD. , SK View options. Ritchie Bros. has grown from a small-town auctioneer to a global asset management and disposition company. 22,600+ bidders competing for 13,300+ items Last week we sold 13,300+ equipment items, trucks, and vehicles at our Premier Global. Our Main Office. , MB List inventory and reach more qualified leads than ever before through the strength of Ritchie Bros.' global buyer network and reputation as the leading equipment marketplace. : Represents total proceeds from all items sold at the Company's auctions and online marketplaces. $3.8 million share based payments expense. Search IronPlanet's auction results. 1-800-211-3983, View Website Filter. *The information collected will be retained in accordance with our privacy statement. Please try again. Consolidated results: Total revenue in Q1 2022 increased 19% to $393.9 million. Brexit. 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. 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, Milden $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. (in U.S. dollars $millions, except percentages). 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.
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