Buy new and used heavy equipment and trucks for sale at our live unreserved public auctions from your home, office or jobsite. 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. 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. Please try again. 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. Auction Results: US$63+ million of equipment sold in Houston, TX. Auction results: US$50+ million of equipment sold in Pacific Northwest auction . , AB /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. , Canada, Rycroft The following table reconciles adjusted net income attributable to stockholders and diluted adjusted EPS attributable to stockholders to net income attributable to stockholders and diluted EPS attributable to stockholders, which are the most directly comparable GAAP measures in the consolidated financial statements. , Canada, Hussar Online Auction. , BC Adjusted EBITDA increased 21% driven by strong flow through on revenue growth of 22%, despite inflationary pressures on costs and higher costs relating to investments made for our growth initiatives. Located: Mont-Saint-Hilaire, QC. "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. Serial number or VIN: B722121701B. $2.0 million of acquisition-related costs primarily relating to the share-based continuing employment costs for the acquisitions of Rouse and SmartEquip. Buy used 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. We conduct hundreds of public equipment auctions around the world each year for the construction, transportation, agricultural, real estate and other industries. 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. , Canada, Langenburg Auction Results: US$71+ million of equipment sold in Fort Worth, TX. , MB If you have equipment to consign, please contact us today! 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. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB October 29, 2022 October 31, 2022. . , SK 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. Save my name, email, and website in this browser for the next time I comment. , Canada, Tangent , SK {0} must be between {1} and {2} characters. 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. A free account gives you access to all the features of rbauction.com: We have encountered a server error. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM S-4 AND THE RELATED JOINT PROXY STATEMENT/PROSPECTUS, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SECAND APPLICABLE CANADIAN SECURITIES REGULATORY AUTHORITIESIN CONNECTION WITH THE PROPOSED IAA TRANSACTION OR INCORPORATED BY REFERENCE IN THE JOINT PROXY STATEMENT/PROSPECTUS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE, BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT Ritchie Bros., IAA AND THE PROPOSED IAA TRANSACTION. , AB , Canada, Kincaid , Canada, Rouleau , SK , United States, Mont Saint Hilaire The largest of these events took place in Houston, TX, where we sold US$63+ million of equipment online for approximately 700 consignors. , SK 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. (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. Approximately 92% of the equipment in the October 25 28 auction was sold to Canadians, including 61% purchased by Albertans. The . Group. First sign in or create an account. , Canada, High Prairie : Represents total proceeds from all items sold at the Company's auctions and online marketplaces. , SK , United States, View Past , AB Inventory sales revenue in Q1 2022 increased 19% to $149.1 million. View original content:https://www.prnewswire.com/news-releases/ritchie-bros-reports-fourth-quarter-2022-results-301752127.html. Account holders can access 24 months of selling prices through Auction Results. , SK , Canada, Oakbank $7.9 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. , Canada, Lake Lenore , Canada, Edgeley Ritchie Bros. is so efficient, and they get your equipment in front of hundreds of thousands of potential equipment buyersits hard to beat! , Canada, Stony Plain 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 . Ritchie Bros. Feb 20, 2023, 07:00 ET. 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. , Canada, Schuler Your email address will not be published. Required fields are marked *. Upcoming auctions; Auction results; Search over 93,979 items in inventory. Ritchie Bros. reports fourth quarter 2022 results, https://www.prnewswire.com/news-releases/ritchie-bros-reports-fourth-quarter-2022-results-301752127.html, Total revenue increased 24% year-over-year to $443.9 million, Service revenue increased 11% year-over-year to $272.5 million, Inventory sales revenue increased 50% year-over-year to $171.3 million, Net income increased 48% year-over-year to $45.3 million, Diluted earnings per share increased 48% year-over-year to $0.40 per share, GTV increased 9% year-over-year to $6.0 billion or 12% year-over-year when excluding the impact of foreign exchange, Total revenue increased 22% year-over-year to $1.7 billion, Service revenue increased 14% year-over-year to $1.1 billion, Inventory sales revenue increased 37% year-over-year to $683.2 million, Net income increased 110% year-over-year to $319.8 million, Diluted earnings per share increased 110% year-over-year to $2.86 per share, Diluted adjusted earnings per share increased 24% year-over year to $2.41 per share, Adjusted EBITDA increased 21% year-over-year to $465.2 million. , Canada, Stornoway , Canada, Swan River Please try again. The company sells a range of used and unused commercial assets, including earthmoving equipment, truck . The company, which keeps its books in U.S. dollars, reported a . If you have equipment to consign, please contact us today! , AB , AB $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. This metric calculates the total number of bids received for a lot divided by the total number of lots sold. Other Services selling, general and administrative expenses increased 29% year-over-year to $20.3 million due to higher labor costs from investments made for our growth initiatives in RBFS and Rouse, and the inclusion of SmartEquip. Sign Me Up Login. , United States, North East 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. $3.0 million of acquisition-related costs related to the acquisition of Rouse. , Australia, Yorkton GlobalAuctionGuide.com 2001-2023 | Part of the Global Auction Guide Media , Canada, Rolling Hills , AB Ritchie Bros. is hosting a conference call to discuss its financial results for the quarter ended June 30, 2022 at 8am Pacific time . , Canada, Abbey Selling prices of similar items. 2013 JLG 260 MRT Diesel 4x4 Scisso. $8.5 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. , SK US$244+ million of equipment sold in our 2023 Premier Global Auction in Orlando, FL. , Canada, Balcarres How to bid on this item. Save my name, email, and website in this browser for the next time I comment. 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). , TX C I M Charity Auction, USA. Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. 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. 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. , SK , United States, Arran The unreserved online auction attracted more than 10,800 online bidders . Adjusted net income attributable to stockholders represents net income attributable to stockholders, excluding the effects of adjusting items. 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. , Canada, South Vienna : Inventory sales revenue less cost of inventory sold. $169.8 million gain recognized on the disposition of property, plant and equipment of which $169.1 million related to the sale of a property located in Bolton, Ontario. , SK The Company has also adjusted for certain non-recurring advisory, legal and restructuring costs. , Canada, Vibank Inventory management system activations , Canada, Reston , GA The remaining 17% of the equipment . Nisku , CO , United States, Polotitlan 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. Register to bid online. 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. , Canada, Calgary , Canada, Outlook , United States, Jebel Ali Free Zone To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. We offer a wide range of unused and used equipment and trucks for sale: , Canada, Chehalis 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. Service revenue as a percent of GTV increased 90 bps year-over-year to 17.6%. , SK Bids per lots sold *The information collected will be retained in accordance with our privacy statement. , AB , Canada, Colonsay Consolidated results: Total revenue in Q1 2022 increased 19% to $393.9 million. , Mexico, Lake Worth 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. , SK 1 and Amendment No. This metric excludes GovPlanet transactions. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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 . Remember me. Auctioneers: $0.2 million gain recognized on the disposition of property, plant and equipment. 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. {0} can only contain letters and numbers. , SK We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. , AB At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. , AB Please refer to pages 14-15 for a summary of adjusting items during the trailing 12months ended December 31, 2022 and December 31, 2021. , Canada, Watrous {0} can only contain letters, numbers, dash (-) and dot (.). , Canada, Zevenbergen , SK , Canada, Steelman 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. For more information about Ritchie Bros., visit RitchieBros.com. , Canada, Moosomin Total number of organizations activated on the Business Inventory Management System increased by 465% year-over-year compared to 2021.
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