, Canada, Outlook The company, which keeps its books in U.S. dollars, reported a . You can sign up for additional alert options at any time. 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. Account holders can access 24 months of selling prices through Auction Results. Save my name, email, and website in this browser for the next time I comment. We define our key operating metrics as follows: Gross transaction value {0} can only contain letters, numbers, dash (-) and dot (.). , MB 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. February 14 - 16 unreserved auction attracted 14,500+ bidders to compete for 6,500+ items. . Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. , AB , SK All items were sold without minimum bids or reserve prices. 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. , SK , United States, Wilkie , MB Containers (2267) Excavator Attachments (2086) Industrial and Construction Supplies (2502) Other (4351 . 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. 2020 John Deere 648R (52281852), LOCATED-IN-BUTNER-NC-MD Closing Time: 2023-03-30 04:00:00 PM from Ritchie Bros. Auctioneers $9.6 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. HOUSTON, Feb. 20, 2023 /PRNewswire/ - With its first Houston, TX . , AB Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. 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. , AB 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. See the equipment prices. . Auction Results. 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. , Canada, Perris Remember me. "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. Please refer to pages 14-15 for a summary of adjusting items during the three months ended December 31, 2022 and December 31, 2021. (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. 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. 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. Keyword: Industry: All Industries. , Canada, Chehalis At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. After submitting your request, you will receive an activation email to the requested email address. , Canada, Reston 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. VANCOUVER - Ritchie Bros. Auctioneers Inc. reported its fourth-quarter profit and sales were up compared with a year earlier. , Canada, South Vienna The unreserved online auction attracted more than 10,800 online bidders . , Canada, Eatonia , Canada, Eston $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. Solid execution from the at-risk team drove a robust 10.9% inventory rate. Please refer to pages 14-15 for a summary of adjusting items for the three months ended December 31, 2022 and December 31, 2021. 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. Buy new and used heavy equipment and trucks for sale at our live unreserved public auctions from your home, office or jobsite. It's fast and free. Construction Equipment Guide 470 Maryland Drive Fort Washington, PA 19034 800-523-2200 , Canada, Colgate Add to Watchlist. , Canada, Steelman September 27, 2022. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. GTV increased 12% when excluding the impact of foreign exchange. Our Main Office. Upcoming auctions; Auction results; Search over 93,979 items in inventory. Conference call and webcast details are available at the following link:https://investor.ritchiebros.com. , AB Each of Ritchie Bros. and IAA may also file other relevant documents with the SEC and/or applicable Canadian securities regulatory authorities regarding the proposed IAA transaction. $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. , SK Sell your equipment. , SK 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. , SK Consolidated results: Total revenue in Q1 2022 increased 19% to $393.9 million. 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 By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. Total number of organizations activated on the Business Inventory Management System increased by 465% year-over-year compared to 2021. Industry. 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. , United States, Ocana Register to bid online. Ritchie Bros. sold more than 13,300 equipment items, trucks and vehicles at its Premier Global Auction in Orlando, FL, generating more than $244 million in gross transaction value. This metric excludes GovPlanet transactions. 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. , Canada, Lethbridge 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, Bow Island Apr 11, 2023 Ritchie Bros. Auctioneers - Farm Auction Middle Lake , SK Apr 8 (9 AM) - Apr 11 (9 AM) Unreserved Online Timed Equipment Consignment Auction, Saskatchewan 23DK Apr 11, 2023 Team Sekura Auctions - Farm Auction , SK Address Norwalk, CT. 06851 USA. Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. 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. Easy-to-use, self-serve interface, automatic inventory upload. , AB Auction results News . Revenue totalled US$443.9 million for the quarter, up from $359.4 million a year earlier. , Canada, Moosomin , Canada, Salvador 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. Marketplace-E. How it works . A sea of equipment stretched over the 220-acre Ritchie Bros. auction site in Orlando, FL last week as the company hosted its largest auction ever--13,350+ items sold for US$297+ million (CNW Group . {0} can only contain letters, numbers, dash (-) and dot (.). Ritchie Bros. - C I M Charity Auction, USA - Wednesday Jan 18, 2023. Sort by: Type. $1.2 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, and $0.1 million gain on disposition of property, plant and equipment in the quarter. B723010601B. , Canada, Debert Service revenue in Q1 2022 increased 19% to $244.9 million. US$244+ million of equipment sold in our 2023 Premier Global Auction in Orlando, FL. $5.4 million share based payments expense. 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 GlobalAuctionGuide.com 2001-2023 | Part of the Global Auction Guide Media Investors should read the joint proxy statement/prospectus carefully before making any voting or investment decisions. , SK Three-day auction attracted 12,600+ bidders from 65+ countries. , United States, View Past 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. 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. 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 information collected will be retained in accordance with our privacy statement. Our newsletter is the best way to keep up with all current auctions in your area! , Canada, Radville 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. Burnaby, BC, CA, 1-800-211-XXXX (Click to reveal) 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. Search IronPlanet's auction results. Save my name, email, and website in this browser for the next time I comment. , Canada, Carievale The replay of the webcast will be available through March 21, 2023. Adjusted net debt/Adjusted EBITDA is calculated by dividing adjusted net debt by adjusted EBITDA. Keyword: Industry: All Industries. , AB February 27, 2023. Report Job. 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. $9.7 million loss on redemption of the 2021 Notes and certain related interest expense includes (a) $4.8 million of loss on redemption of the 2021 Notes due to a difference between the reacquisition price of the 2021 Notes and the net carrying amount of the extinguished debt (primarily the write off of the unamortized debt issuance costs), (b) $0.7 million of deferred debt issuance costs written off due to the expiry of the undrawn $205.0 million DDTL Facility in the quarter, and (c) non-recurring interest expense of $4.2 million incurred in the quarter relating to the 2021 Notes, which were redeemed as a result of the discontinued Euro Auctions acquisition in April 2022. 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 . Selling: Houston, TX, USA - Thu, Apr 13. Auction Results: US$63+ million of equipment sold in Houston, TX. , MN , Canada, Stockholm , Canada, Edgeley . , Canada, Schuler 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. The December 13 - 15 Fort Worth auction attracted more than 12,600 registered bidders from 65+ countries, which is new . , SK Our customers in the energy sector benefitted greatly from selling their construction and transportation assets in Fort Worth, with a massive global audience watching. , MB To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. , SK , SK Auctioneers: Brexit. . , Canada, Notre Dame De Lourdes You may obtain free copies of these documents from Ritchie Bros. or IAA free of charge using the sources indicated above. Important Additional Information and Where to Find It. The remaining 12% was sold to international buyers from as far away as Australia, Finland, Israel, and Malaysia. , SK , Canada, Canora Subscribe by clicking on the button below. , SK Thanks to our innovative online platform, we were able to efficiently sell 3,500+ offsite items right alongside the 7,000+ items on display in our Edmonton yard. C I M Charity Auction, USA. {0} must be a valid date of the format YYYY-MM-DD. , Canada, Roblin Adjusted EBITDAThe Company believes adjusted EBITDA provides useful information about the growth or decline of its net income when compared between different financial periods. $5.6 million share based payments expense. , AB Get inventory updates. Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. $1.1 million of non-recurring advisory, legal and restructuring costs, which include $0.6 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 driven by our strategy to build a new digital technology platform, and $0.2 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021. , MB , AB , Canada, Grimshaw , Canada, Mossleigh We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. 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. GTV is not a measure of financial performance, liquidity, or revenue, and is not presented in the Company's consolidated financial statements. We sold more than 450 items in last weeks Houston auction and were extremely happy with the results. , Canada, High Prairie Required fields are marked *. Support Contact us Frequently Asked . , Canada, Zevenbergen , Canada, Milden /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. Account holders can access 24 months of selling prices through Auction Results. : Number of organizations activated on IMS. , SK : Represents total proceeds from all items sold at the Company's auctions and online marketplaces. $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. , BC Required fields are marked *. This metric calculates the total number of bids received for a lot divided by the total number of lots sold. , SK New York. , SK , Spain, Grande Prairie , Canada, Watrous may be of interest to you, and that you understand you may unsubscribe at any time. {0} must be a valid date of the format YYYY-MM-DD. , SK Total lots sold We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. You must click the activation link in order to complete your subscription. , SK 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. Review our account terms and conditions and privacy statement to learn more about accessing a free account and how we process information. 2023-01-18 Rabu, 18 01 2023. , Canada, Rolling Hills , SK Service revenue as a percent of GTV increased 90 bps year-over-year to 17.6%. , AB , United States, Mont Saint Hilaire The . , AB