, Italy, Chilliwack We have encountered a server error. 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. {0} must be between {1} and {2} characters. 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. Upcoming auctions; Auction results; Search over 87,427 items in inventory. $6.2 million share based payments expense. How to bid on this item. 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 , SK Ritchie Bros. is the world's largest auctioneer of used and unused heavy equipment.We conduct hundreds of public equipment auctions around the world each year for the construction, transportation, agricultural, real estate and other industries.Bidding is open, transparent and fair no minimum bids, and no reserve prices. , Canada, Milden About this app. GTV increased 12% when excluding the impact of foreign exchange. {0} can only contain letters and numbers. 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. The June 21 23 auction attracted more than 10,000 bidders from the 5,900+ items consigned, with buyers from Texas purchasing approximately 48% of the equipment. This metric excludes GovPlanet transactions. , Canada, Grimshaw , MB These adjustments in 2021 have been applied retrospectively to all periods presented, as applicable. , Canada, Manor , SK About Ritchie Bros. Auctioneers About Ritchie Bros. Careers Media Investors Blog Security Center. Report Job. We define our key operating metrics as follows: Gross transaction value On an adjusted basis, Ritchie Bros. says it earned 68 cents per diluted share, up from an adjusted profit . Amortization of acquired intangible assets, Loss (gain) on disposition of property, plant and equipment and related costs, Non-recurring advisory, legal and restructuring costs. The foregoing list is not exhaustive of the factors that may affect the Company's forward-looking statements. Fourth Quarter and Full Year 2022 Earnings Conference CallRitchie Bros. is hosting a conference call to discuss its financial results for the quarter and year ended December 31, 2022 at 2pm Pacific time / 5pm Eastern time / 10pm GMT on February 21, 2023. , Canada, Minitonas When the auction yard dust settled, Ritchie Bros. sold more than 11,200 items for US$213 million in the massive six-day event. 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. (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. Keyword: Industry: All Industries. View original content:https://www.prnewswire.com/news-releases/ritchie-bros-reports-fourth-quarter-2022-results-301752127.html. , AB 2023-01-18 Rabu, 18 01 2023. $9.6 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. 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. "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. , BC Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. February 14 - 16 unreserved auction attracted 14,500+ bidders to compete for 6,500+ items. , MB Search Results Near Norwalk, CT General Store Manager Auto Collision Estimator Neonatal Nurse 8 of the Highest Paying Jobs in Norwalk, CT for 2023 . By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. 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. 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. Id like to thank Ritchie Bros. and its employees for their professionalism throughout the entire consignment processthey were so friendly, polite, and respectful. Ritchie Bros. next Texas auction will be held at its Fort Worth site, with onsite bidding and events, on June 19 21. , Canada, Rouleau , Canada, Oakbank , Canada, Stump Lake . Inventory sales revenue in Q1 2022 increased 19% to $149.1 million. First sign in or create an account. Other Ritchie Bros. Auctioneers offerings. Ritchie Bros. Auctioneers Select a reason for reporting this job. , Canada, Colonsay , BC 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 . : Inventory sales revenue less cost of inventory sold. Adjusting items for the year , Canada, Benito Non-GAAP measures do not have a standardized meaning and are, therefore, unlikely to be comparable to similar measures presented by other companies. A one-stop-shop for used equipment dealers and resellers. 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. , Canada, Eatonia , CA Service revenue as a percent of GTV increased 80 bps year-over-year to 17.4%. View All Ritchie Bros. Auctioneers Videos. Sign Me Up Login. {0} can only contain letters and numbers. 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. Required fields are marked *. Please see contact us , Canada, Congress , Canada, Watrous , SK , SK {0} must be a valid date of the format YYYY-MM-DD. Solid execution from the at-risk team drove a robust 10.4% inventory rate. IronPlanet is the leading marketplace for the buying and selling of used equipment. , MB Add to Watchlist. 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. $0.2 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 second quarter of 2021. Make: Model: Year: - . 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). Technology. , Canada, Debert This news release references non-GAAP measures. Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. , Canada, Carievale 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. , Canada, Wadena , Netherlands, Australia Forward looking statements are made as of the date of this news release and the Company does not undertake any obligation to update the information contained herein unless required by applicable securities legislation. GTV is not a measure of financial performance, liquidity, or revenue, and is not presented in the Company's consolidated financial statements. , Canada, Killam 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. The largest of these events took place in Houston, TX, where we sold US$63+ million of equipment online for approximately 700 consignors. 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. , AB 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. , Canada, Roblin Ritchie Bros. - C I M Charity Auction, USA - Rabu, 18 01 2023. 2 to the Initial Registration Statement filed with the SEC and applicable Canadian securities regulatory authorities on February 1, 2023 and February 9, 2023, respectively (together with the Initial Registration Statement, the "Registration Statement"). Revenue totalled US$443.9 million for the quarter, up from $359.4 million a year earlier. , OH From the onset of the pandemic, Ritchie Bros. has invested to create . Upcoming auctions; Auction results; Search over 93,979 items in inventory. Adjusted EBITDA increased 24% driven by high flow through revenue growth of 24%. In the year 2020, revenues rose 4% to $1.4 billion, with most sales generated from commissions and fees, with inventory sales coming in at roughly half a billion. 400+ unreserved onsite auctions with online bidding. 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. More ways to buy from all over the world. Ritchie Bros. has grown from a small-town auctioneer to a global asset management and disposition company. , SK We conduct hundreds of public equipment auctions around the world each year for the construction, transportation, agricultural, real estate and other industries. You must click the activation link in order to complete your subscription. , NV , Canada, Fox Valley , MB Support Contact us Frequently Asked . Get Shipping Quotes. Equipment highlights from Fort Worth included 340+ truck tractors, 115+ excavators, 115+ forklifts, 90+ bucket trucks, 80+ skid steers, as well as cranes, miscellaneous drilling equipment, and so much more. You must click the activation link in order to complete your subscription. , Canada, Middle Lake Our Main Office. $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. 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. 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. $1.1 million gain recognized on the sale of a property in Denver, Colorado. Online Auction. 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. Inventory rate We offer a wide range of unused and used equipment and trucks for sale: $5.6 million share based payments expense. , Canada, Wakaw The remaining 17% of the equipment . Marketplace-E. How it works . 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. , MB , Canada, James River Bridge , AB HOUSTON, Feb. 20, 2023 /PRNewswire/ - With its first Houston, TX . $0.1 million gain recognized on the disposition of property, plant and equipment. Get Free Auction Results. $8.2 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. , Canada, Manitoba $8.8 million share based payments expense. , SK {0} must be must be greater than 2 characters or be entered as "GD". The remaining 8% was purchased by international buyers from as far away as Egypt, Poland, and Vietnam. How it works Buying Selling . $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. , Canada, Wetaskiwin Home > Auction Results. GlobalAuctionGuide.com 2001-2023 | Part of the Global Auction Guide Media , Canada, Bolton You can sign up for additional alert options at any time. , SK $0.2 million gain recognized on the disposition of property, plant and equipment. You can sign up for additional alert options at any time. The Company has also adjusted for certain non-recurring advisory, legal and restructuring costs. 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. The unreserved online auction attracted more than 10,800 online bidders from 63 countries. Account holders can access 24 months of selling prices through Auction Results. "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 . , Canada, Schuler If you have equipment to consign, please contact us today! , SK , SK Cookie Preferences. Auction Results. , MB Support Contact us Frequently Asked . Add to Watchlist. , Canada, Eston We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. , GA Burnaby, BC, CA, 1-800-211-XXXX (Click to reveal) , SK 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} Password Forgot password? US $17,000. Ritchie Bros. is the world's largest industrial auctioneer . 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. New to our site? Your email address will not be published. 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, Meppen Operating margins came in at . Service revenue as a percent of GTV increased 90 bps year-over-year to 17.6%. Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. , SK As long as you're connected you can bid. Ritchie Bros. Auctioneers Equipment For Sale. 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 . At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. Category: All Categories. PR Newswire. VANCOUVER - Ritchie Bros. Auctioneers Inc. reported its fourth-quarter profit and sales were up compared with a year earlier. , Canada, Hanley 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. It's fast and free. , SK , Canada, Brandon Service revenue increased 11% year-over-year to $272.5 million. , WA This increase in mix was mainly driven by our strategic accounts in the United States. {0} can only contain letters, numbers, dash (-) and dot (.). Subscribe by clicking on the button below. Located: Mont-Saint-Hilaire, QC. , Canada, Vibank Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB. 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. $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. , MB Information about the directors and executive officers of Ritchie Bros. is available in its definitive proxy statement on Schedule 14A for its 2022 Annual Meeting of Shareholders, which was filed with the SEC and applicable Canadian securities regulatory authorities on March 15, 2022, and certain of its Current Reports on Form 8-K. Information about IAA's directors and executive officers is available in IAA's definitive proxy statement on Schedule 14A for its 2022 Annual Meeting of Stockholders, which was filed with the SEC on May 2, 2022, and certain of its Current Reports on Form 8-K. Other information regarding persons who may be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, including information with respect to Mr. Smith, are contained or will be contained in the joint proxy statement/prospectus and other relevant materials filed or to be filed with the SEC and applicable Canadian securities regulatory authorities regarding the proposed IAA transaction when they become available. 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. Cash provided by operating activities was $463.1 million for 2022. We are excited by the anticipated closing of the IAA acquisition and its expected impact to Ritchie Bros. for years to come. Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. {0} is an invalid phone number format. 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} Key Operating MetricsWe regularly review a number ofmetrics, including the following key operating metrics, to evaluate our business, measure our performance, identify trends affecting our business, and make operating decisions. , AB , SK , SK , Canada, Moosomin , Canada, Vegreville , United States, St Aubin Sur Gaillon $8.4 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. , Canada, Perris /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 Read more. 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.