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. 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 . , Canada, Hilda Selling prices of similar items. Approximately 88% of the equipment in the September 20 22 auction was sold to U.S. buyers, including 42% sold to Texans. Add to Watchlist. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. 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. (in U.S. dollars $millions, except percentages). The following table reconciles adjusted operating income to operating income, which is the most directly comparable GAAP measure in the consolidated financial statements. , AB , Canada, Vegreville business through its divisions, to receive emails containing news, updates and promotions, including third 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. Subcategory: All Subcategories. Adjusted EBITDA increased 24% driven by high flow through revenue growth of 24%. C I M Charity Auction, USA. , SK Category: All Categories. IronPlanet, Asset Appraisal Services, TruckPlanet, GovPlanet, Ritchie Bros. Energy, IronClad Assurance and Auctions you can trust are service marks of IronPlanet, Inc. All other marks and brands are the property of their respective owners. , SK After submitting your request, you will receive an activation email to the requested email address. , Canada, James River Bridge Documents filed with the SEC and applicable Canadian securities regulatory authorities by Ritchie Bros. (when they are available) will be available free of charge by accessing the website of Ritchie Bros. at investor.ritchiebros.com under the heading Financials/SEC Filings, or, alternatively, by directing a request by telephone or mail to Ritchie Bros. at 9500 Glenlyon Parkway, Burnaby, BC, V5J 0C6, Canada, and documents filed with the SEC by IAA (when they are available) will be available free of charge by accessing IAA's website at investors.iaai.com or by contacting IAA's Investor Relations at [email protected]. $9.6 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. , Canada, Brandon , Canada, Outlook , SK We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. We will work with you to determine the best way to sell your equipment and market it to our millions of buyers. Ritchie Bros. is the world's largest auctioneer of used and unused heavy equipment. 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. Service revenue as a percent of GTV increased 80 bps year-over-year to 17.4%. Search Results Near Norwalk, CT General Store Manager Auto Collision Estimator Neonatal Nurse 8 of the Highest Paying Jobs in Norwalk, CT for 2023 . , Canada, Radville $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. We continue to see strong demand for late-model, low-hour equipment and trucks, said Nicolas Agudelo, Regional Sales Manager, Ritchie Bros. Even with tight supply, our Fort Worth event offered a diverse selection of equipment catering to buyers from a variety of industries.. 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, Salvador Examples of valid formats would be 000-0000 or 0000000. $6.2 million share based payments expense. 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. , ON 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. 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. Selling: Houston, TX, USA - Thu, Apr 13. Investors should read the joint proxy statement/prospectus carefully before making any voting or investment decisions. , MB {0} can only contain letters, numbers, dash (-) and dot (.). Ritchie Bros. has grown from a small-town auctioneer to a global asset management and disposition company. Adjusting items for the year 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. , United Arab Emirates, Caorso 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. Apply for Financing. , Canada, Minitonas , Canada, Colonsay Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. 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. 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. We sold more than 450 items in last weeks Houston auction and were extremely happy with the results. 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. $5.6 million share based payments expense. It's fast and free. 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. A free account gives you access to all the features of rbauction.com: We have encountered a server error. Cookie Preferences. US $17,000. , SK Ritchie Bros. to host Fourth Quarter 2022 Results Earnings Conference Call on February 21st, 2023. , MB , AB 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. , BC 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. You can filter the results by year, make, model, type and location. Remember me. , Canada, Shamrock The replay of the webcast will be available through March 21, 2023. $8.2 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. , Canada, Stornoway First sign in or create an account. , AB 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. Upcoming auctions; Auction results; Search over 93,979 items in inventory. $0.7 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 third quarter of 2021. , AB , MB , 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. , Canada, Killam ", In addition, Eric Jacobs, CFO of Ritchie Bros. added, "we are pleased with our continued strong financial performance in the fourth quarter. 2023-01-18 Rabu, 18 01 2023. IronPlanet, Asset Appraisal Services, TruckPlanet, GovPlanet, Ritchie Bros. Energy, IronClad Assurance and Auctions you can trust are service marks of IronPlanet, Inc. All other marks and brands are the property of their respective owners. , Canada, Saskatoon Your email address will not be published. , NV Located: Mont-Saint-Hilaire, QC. Search IronPlanet's auction results. , Canada, Rockhaven GlobalAuctionGuide.com 2001-2023 | Part of the Global Auction Guide Media Auctions. Fourth Quarter Financial and Business Metric Highlights1: Gross transaction value ("GTV") 1 increased 6% year-over-year to $1.5 billion or 9% year-over-year when excluding the impact of foreign exchange. , MB Save my name, email, and website in this browser for the next time I comment. , United States, Polotitlan Sell your equipment. , SK , Canada, Wadena 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. Sell your equipment. , AB party promotions, as well as product and/or service information, including that of third parties, that Adjusted net income attributable to stockholders represents net income attributable to stockholders, excluding the effects of adjusting items. IronPlanet is the leading marketplace for the buying and selling of used equipment. , SK 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. As long as you're connected you can bid. It's fast and free. Auction Results. 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. $7.5 million share based payments expense. , Canada, Taylor Make: Model: Year: - . Through our family of companies, we help our customers buy and sell a wide range of used and unused equipment for construction, mining, transportation, agriculture, oil & gas, lifting & material handling, forestry & other industries. $10.3 million of acquisition-related costs related to the acquisitions of Rouse, and SmartEquip and proposed acquisition of Euro Auctions. , SK "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 . {0} is an invalid phone number format. , Canada, Canora $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. Other Ritchie Bros. Auctioneers offerings. , Canada, Las Vegas Inventory return . We're trusted worldwide because we make buying and selling heavy equipment and trucks easy, efficient, fair, and transparent.
