, SK , Canada, Grayson , Canada, Brandon About Ritchie Bros.Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. , SK Ritchie Bros. Auctioneers (http://www.rbauction.com) is the world's largest auctioneer of heavy equipment and trucks. 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. Achieves full year record GTV of $6.0 billion. $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. Ritchie Bros. is hosting a conference call to discuss its financial results for the quarter ended June 30, 2022 at 8am Pacific time . , Canada, Stornoway , SK , Canada, Schuler 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). , AB 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. $1.1 million gain recognized on the sale of a property in Denver, Colorado. 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. Marketplace-E. How it works . , SK It's fast and free. 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. Selling: Houston, TX, USA - Thu, Apr 13. The unreserved online auction attracted more than 10,800 online bidders from 63 countries. , SK Account holders can access 24 months of selling prices through Auction Results. February 14 - 16 unreserved auction attracted 14,500+ bidders to compete for 6,500+ items. Easy-to-use, self-serve interface, automatic inventory upload. $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. How to bid on this item. , AB Non-GAAP measures do not have a standardized meaning and are, therefore, unlikely to be comparable to similar measures presented by other companies. We define our key operating metrics as follows: Gross transaction value Auction Results. , SK Adjusted net income attributable to stockholders represents net income attributable to stockholders, excluding the effects of adjusting items. Start selling today. Sell your equipment. About Ritchie Bros. Auctioneers About Ritchie Bros. Careers Media Investors Blog Security Center. Auction Results: CA$65+ million of equipment sold in Edmonton, AB, 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. , Canada, Somerset 1-800-211-3983, View Website : Each bid is completed electronically through our real-time online bidding system. , Canada, Eatonia , Canada, Vibank $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. : Number of organizations activated on IMS. $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. We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. , AB June 28, 2022. , Canada, Young (in U.S. dollars $millions, except percentages). , United States, Mont Saint Hilaire , Canada, Grimshaw The . The following table reconciles adjusted operating income to operating income, which is the most directly comparable GAAP measure in the consolidated financial statements. 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} : Inventory return divided by inventory sales revenue. Account holders can access 24 months of selling prices through Auction Results. Subcategory: All Subcategories. $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. Here are three of the biggest sellers in the auction: Your email address will not be published. You must click the activation link in order to complete your subscription. If you experience any issues with this process, please contact us for further assistance. You may obtain free copies of these documents from Ritchie Bros. or IAA free of charge using the sources indicated above. , Canada, Western Canada Inventory rate Construction Equipment Guide 470 Maryland Drive Fort Washington, PA 19034 800-523-2200 , SK A&M service revenue increased 11% year-over-year to $222.1 million with A&M take rate increasing 70 basis points to 14.4% driven by higher buyer fees implemented in early 2022. Auction Results: US$71+ million of equipment sold in Fort Worth, TX. {0} can only contain letters and numbers. , Canada, Manor Other costs of services increased 91% year-over-year to $10.6 million mainly due to the acquisition of SmartEquip. $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. Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. Apply for Financing. Service revenue increased 11% year-over-year to $272.5 million. , CA 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. {0} must be must be greater than 2 characters or be entered as "GD". We will work with you to determine the best way to sell your equipment and market it to our millions of buyers. Upcoming auctions; Auction results; Search over 87,427 items in inventory. , SK A lot is defined as a single asset to be sold, or a group of assets bundled for sale as one unit. Our Main Office. 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. After submitting your request, you will receive an activation email to the requested email address. New York. Selling: Montreal, QC, CAN - Fri, Mar 24. Save my name, email, and website in this browser for the next time I comment. , Canada, Las Vegas Inventory sales revenue in Q1 2022 increased 19% to $149.1 million. Serial number or VIN: B722121701B. , Canada, Watrous . , SK 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. 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. , MB , AB A one-stop-shop for used equipment dealers and resellers. , SK , SK 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. Category: All Categories. 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. It's fast and free. , AB , SK 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. , SK , MB , Canada, Bolton Auction results News . , Canada, Wakaw 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. Auction results: US$50+ million of equipment sold in Pacific Northwest auction . 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. 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. $8.8 million share based payments expense. Here are three of the top sellers from Fort Worth: 2017 Tadano Mantis 15010 75-ton crawler crane US$550,000, 2016 Volvo A40G articulated dump truck US$237,500, Your email address will not be published. Adjusted net debt is calculated by subtracting cash and cash equivalents from short and long-term debt. The company's Forward Dividend Ratio is 1.08, with its dividend yield at 1.83%. Home > Auction Results. Our newsletter is the best way to keep up with all current auctions in your area! Adjusted EBITDA increased 24% driven by high flow through revenue growth of 24%. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Group. Service revenue increased 11% year-over-year, driven by solid contribution from both Auctions & Marketplace ("A&M") and positive growth from our Other Services. We are excited by the anticipated closing of the IAA acquisition and its expected impact to Ritchie Bros. for years to come. 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. , SK We offer a wide range of unused and used equipment and trucks for sale: , SK , AB Located: Mont-Saint-Hilaire, QC. 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 . 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. Support Contact us Frequently Asked . Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. Sort by: Type. {0} must be between {1} and {2} characters. GTV increased 9% when excluding the impact of foreign exchange. , SK : Represents total proceeds from all items sold at the Company's auctions and online marketplaces. 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. , SK Total revenue increased 24% year-over-year to $443.9 million. Ritchie Bros. Auctioneers View original content:https://www.prnewswire.com/news-releases/ritchie-bros-reports-fourth-quarter-2022-results-301752127.html. , Canada, The Pas , Canada, Rockhaven For the reasons set forth above, you should not place undue reliance on forward looking statements. $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. 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. $2.9 million of acquisition-related costs related to the acquisition of Rouse. Make: Model: Year: - . , Canada, Stony Plain , Canada, Rouleau , NS Email address. 2001 Kenworth T800 6x4 T/A Dump Truck . , Canada, Wetaskiwin After submitting your request, you will receive an activation email to the requested email address. 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. 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. 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. About Ritchie Bros. Auctioneers About Ritchie Bros. Careers Media Investors Blog Security Center. , Canada, Killam 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. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend", or "believe" and similar expressions or their negative connotations, or statements that events or conditions "will", "would", "may", "could", "should", or "might" occur. , Canada, Medford 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. Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. The replay of the webcast will be available through March 21, 2023. 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. Auction Results: US$71+ million of equipment sold in Fort Worth, TX. Ritchie Bros. is the world's largest industrial auctioneer . 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, Arran The company, which keeps its books in U.S. dollars, reported a . For more information about Ritchie Bros., visit RitchieBros.com. Service revenue as a percent of GTV increased 90 bps year-over-year to 17.6%. Auctions. 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. Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB October 29, 2022 October 31, 2022. . {0} is an invalid phone number format. , Canada, Perris IronPlanet is the leading marketplace for the buying and selling of used equipment. We offer a wide range of unused and used equipment and trucks for sale: Solid execution from the at-risk team drove a robust 10.9% inventory rate. , SK . , Canada, Wymark Equipment highlights in the October Edmonton auction included 140+ truck tractors, 85+ excavators, 60+ skid steers, 60+ dozers, 25+ pipelayers, forestry equipment, and more. 1 and Amendment No. , OH $8.5 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse.

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