, SK Ritchie Bros. Presents Auction Data at Next IED Business Meeting , AB , Canada, Debert 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. 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 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. , Canada, Kincaid You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. , Canada, Steelman Ritchie Bros. hits US$297+ million in world's largest equipment auction 2009 Mack GU813 For Sale (52292149) from Ritchie Bros. Auctioneers September 27, 2022. , SK Ritchie Bros. is the world's largest industrial auctioneer . Dear SalvageSale customers, Ritchie Bros. Auctioneers' acquisition of IronPlanet has given us the tools and technology to provide customers like you more choices and improved platforms to buy, sell and list equipment online. 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. {0} can only contain letters and numbers. 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. Located: Mont-Saint-Hilaire, QC. 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". Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. Inventory management system activations Ritchie Bros. Auctioneers. Ritchie Bros. Auctioneers reports Q4 profit and revenue up from year How it works Buying Selling . 2022 Agrotk B7 54 in 3-Point No Till Drill (Unused) | Ritchie Bros "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 . 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 Access some of the most up-to-date equipment pricing information available online, Two-year's worth of equipment selling prices, Updated within 24 hours of the end of an auction, Determine the approximate value of specific equipment in today's marketplaces, Research residual value of specific equipment makes and models, Discover where equipment and trucks for specific industries are in demand, Compare selling prices of equipment based on make, model, year or even location. In connection with the proposed IAA transaction, Ritchie Bros. filed with the SEC and applicable Canadian securities regulatory authorities a registration statement on Form S-4 to register the common shares of Ritchie Bros. to be issued in connection with the proposed IAA transaction on December 14, 2022 (the "Initial Registration Statement"), as amended by Amendment No. 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. Please refer to pages 14-15 for a summary of adjusting items for the three months ended December 31, 2022 and December 31, 2021. 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. , MB , United States, St Aubin Sur Gaillon The foregoing list is not exhaustive of the factors that may affect the Company's forward-looking statements. 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. GTV increased 9% when excluding the impact of foreign exchange. , MB $6.2 million share based payments expense. In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. 1992 Peterbilt 379 T/A Dump Truck | Ritchie Bros. Auctioneers Your email address will not be published. , AB Meter: 2163 Hours. Ritchie Bros. reports second quarter 2022 results C I M Charity Auction, USA. , Canada, Perris 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. 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. , Canada, Colonsay : Inventory sales revenue less cost of inventory sold. We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. , SK Service revenue as a percent of GTV increased 80 bps year-over-year to 17.4%. When you work with Ritchie Bros. everything is first class, said Cortney Laney, Vice President & Chief Operating Officer for MDS Boring & Drilling. Please try again. You can filter the results by year, make, model, type and location. $8.2 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. , Canada, Watrous , MB Equipment highlights in the October Edmonton auction included 140+ truck tractors, 85+ excavators, 60+ skid steers, 60+ dozers, 25+ pipelayers, forestry equipment, and more. Solid execution from the at-risk team drove a robust 10.4% inventory rate. When the auction yard dust settled, Ritchie Bros. sold more than 11,200 items for US$213 million in the massive six-day event. 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, Balcarres , SK , Germany, Newnan Ritchie Bros. reports fourth quarter 2022 results - Yahoo Finance : Each bid is completed electronically through our real-time online bidding system. Inventory sales revenue increased 50% year-over-year to $171.3 million primarily due to a higher mix of GTV contracted via inventory deals. Easy-to-use, self-serve interface, automatic inventory upload. Adjusted net debt is calculated by subtracting cash and cash equivalents from short and long-term debt. Nisku 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. Approximately 88% of the equipment in the September 20 22 auction was sold to U.S. buyers, including 42% sold to Texans. Cookie Preferences. $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. 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 By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. PR Newswire. , Canada, Western Canada 22,600+ bidders competing for 13,300+ items Last week we sold 13,300+ equipment items, trucks, and vehicles at our Premier Global. We offer a wide range of unused and used equipment and trucks for sale: Start selling today. , AB , Netherlands, Australia Your email address will not be published. , Canada, Porcupine Plain , MB 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. All items were sold without minimum bids or reserve prices. , United States, Ocana , Canada, Vibank Second Quarter 2022 Earnings Conference Call. Search, register and bid at Ritchie Bros. auctions around the world on your Android mobile devices! , SK Required fields are marked *. Ritchie Bros. sells US$244+ million of equipment in its 2023 Premier 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. , Canada, Hussar 400+ unreserved onsite auctions with online bidding. Register to bid online. 2003 Mack CH613 6x4 T/A Day Cab Truck Tractor | Ritchie Bros. Auctioneers 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. , Canada, Moosomin , United Arab Emirates, Caorso , MB We define our key operating metrics as follows: Gross transaction value We publish selling prices from our auct. We are excited by the anticipated closing of the IAA acquisition and its expected impact to Ritchie Bros. for years to come. , SK , AB $14.0 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. , United States, Jebel Ali Free Zone , Canada, The Pas Upcoming Auctions in Saskatchewan | Farm Auction Guide , SK After submitting your request, you will receive an activation email to the requested email address. This increase in mix was mainly driven by our strategic accounts in the United States. , SK Please refer to pages 14-15 for a summary of adjusting items during the trailing 12months ended December 31, 2022 and December 31, 2021. Sort by: Type. , Canada, Radville Service revenue in Q1 2022 increased 19% to $244.9 million. Auction results News . A free account gives you access to all the features of rbauction.com: We have encountered a server error. See the equipment prices. Cash provided by operating activities was $463.1 million for 2022. Get the latest Auction Results from Ritchie Bros. 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.

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