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. The remaining 8% was purchased by international buyers from as far away as Egypt, Poland, and Vietnam. 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. , MB Our Main Office. Buy used equipment. , SK If you experience any issues with this process, please contact us for further assistance. 78 weekly online auctions. 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. Our Main Office. 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. Remember me. 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. 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. Our latest changes to Salvage Sale were designed to improve user experience, as well as grant more exposure to our inventory. , Canada, Longmont Auctioneers: , CA $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. Inventory return increased 46% year-over-year to $74.7 million due to higher volume of inventory deals sourced, including from our strategic accounts in the United States primarily in the finance and rental sectors. Save my name, email, and website in this browser for the next time I comment. Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. Email Auctioneer. Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. , NV , Canada, Carievale 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. Important Additional Information and Where to Find It. Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. Report Job. , Canada, Meppen $1.5 million of non-recurring advisory, legal and restructuring costs, which include $1.1 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 during the first quarter of 2022 driven by our strategy to build a new digital technology platform, and $0.1 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021. You can sign up for additional alert options at any time. , United States, View Past $2.9 million of acquisition-related costs related to the acquisition of Rouse. , AB $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. Research: Rating Action: Moody's confirms Ritchie Bros.' Ba2 CFR and Auction Results. In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. , Canada, Zevenbergen Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots". , SK Ritchie Bros. Feb 20, 2023, 07:00 ET. , MB 2023-01-18 Rabu, 18 01 2023. Amortization of acquired intangible assets, Loss (gain) on disposition of property, plant and equipment and related costs, Non-recurring advisory, legal and restructuring costs. Category: All Categories. 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. Ritchie Bros. Auctioneers - Financials - Quarterly Results When you work with Ritchie Bros. everything is first class, said Cortney Laney, Vice President & Chief Operating Officer for MDS Boring & Drilling. We sold more than 450 items in last weeks Houston auction and were extremely happy with the results. 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, Bolton We conduct hundreds of public equipment auctions around the world each year for the construction, transportation, agricultural, real estate and other industries. Adjusted EBITDAThe Company believes adjusted EBITDA provides useful information about the growth or decline of its net income when compared between different financial periods. US $17,000. Ritchie Bros. reports third quarter 2022 results 2001 Kenworth T800 6x4 T/A Dump Truck | Ritchie Bros. Auctioneers Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. VANCOUVER, BC, Feb. 28, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA), ("Ritchie Bros.," the "Company," "we," "us" or "our"), today announced that Ritchie Bros . , Canada, Saskatoon , Canada, Las Vegas , MB 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. Understanding Ritchie Bros. Auctioneers Incorporated (NYSE: RBA)'s Ritchie Bros. is the world's largest auctioneer of used and unused heavy equipment. , Italy, Chilliwack Ritchie Bros. Auctioneers: Coming Out Of The Auction , Canada, Grayson Ritchie Bros. hits US$297+ million in world's largest equipment auction 2020 John Deere 648R For Sale (52281852) from Ritchie Bros. Auctioneers Auction results News . Inventory management system activations , AB , OH 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. , United States, Arran 2013 Altec AM900-E100 100 ft on 2014 International 7400 6x6 Bucket Truck, 2015 VOLVO VNL64670 6x4 Truck Tractor (T/A), 2016 GENIE GTH-5519 Telescopic Forklift, 2005 STERLING A9500 6x4 Truck Tractor (T/A), 2015 JOHN DEERE 35G Mini Excavator (1 - 4.9 Tons), 2013 FREIGHTLINER CASCADIA 125 6x4 Truck Tractor (T/A), 1999 GMC W4500 Schwarze on COE Street Sweeper, 2006 VOLVO VNL 6x4 Truck Tractor (T/A), 2009 INTERNATIONAL 8600 SBA 6x4 Truck Tractor (T/A), 2009 FREIGHTLINER CASCADIA 125 6x4 Truck Tractor (T/A), 2014 FREIGHTLINER CASCADIA 113 6x4 Truck Tractor (T/A), 1999 PETERBILT 379 6x4 Truck Tractor (T/A), 2017 FORD TRANSIT T-350 H 4x2 Utility Truck, 2016 FORD TRANSIT T-350HD 4x2 Utility Truck, 2006 STERLING 12x4 Super 18 Dump Truck (Quad/A), 2019 MACK GRANITE Truck Tractor (Tri/A), Unused 2022 AGROTK H12 (Unused) Mini Excavator (1 - 4.9 Tons), 2019 INTERNATIONAL LT625 6x4 Truck Tractor (T/A), 2015 FORD F-550 XLT 4x4 Crew Cab Service Truck, 2014 SKYJACK SJ6826 RT Dual Fuel Scissorlift, 2000 PETERBILT 378 6x4 Truck Tractor (T/A), 2016 PETERBILT 579 8x4 Truck Tractor (Tri/A), 2020 MACK GRANITE 10x4 Dump Truck (Quad/A), 2008 CAT 303.5C CR Mini Excavator (1 - 4.9 Tons), 2006 PETERBILT 379 10x4 Dump Truck (Quad/A), 2006 INTERNATIONAL 7700 Deluxe 12x4 Super 18 Dump Truck (Quad/A), 2008 BOBCAT 337G Mini Excavator (1 - 4.9 Tons), 2017 FREIGHTLINER CASCADIA 125 6x4 Truck Tractor (T/A), 2015 FREIGHTLINER CASCADIA 125 6x4 Truck Tractor (T/A), 2014 KENWORTH T370 4x2 Dump Truck (S/A), 2007 MACK CV713 10x4 Dump Truck (Quad/A), 2018 CAT 289D Two-Speed High Flow XPS Compact Track Loader, 2013 INTERNATIONAL 4400 4x2 Truck Tractor (S/A), 2016 FREIGHTLINER CASCADIA 125 6x4 Truck Tractor (T/A), 1997 PETERBILT 379 6x4 Truck Tractor (T/A), 2019 FREIGHTLINER CASCADIA 126 6x4 Truck Tractor (T/A), 2013 FORD F-350 XLT 4x4 Crew Cab Utility Truck, 2011 FORD F-450 Lariat 4x4 Crew Cab Flatbed Truck, 2015 FORD F-750 XLT 4x2 Rollback Truck, 2019 BOBCAT T650 Two-Speed Compact Track Loader, 2012 BOBCAT S650 Two-Speed Skid Steer Loader, 2015 FREIGHTLINER M2 106 4x2 Bed Truck. 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. Adjusting operating income eliminates the financial impact of adjusting items from operating income, which are significant recurring and non-recurring items that the Company does not consider to be part of its 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". $0.2 million gain recognized on the disposition of property, plant and equipment. 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. 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. , Canada, Somerset , Canada, Grimshaw {0} must be a valid date of the format YYYY-MM-DD. , AB $8.8 million share based payments expense. , Canada, Vibank , Canada, Gilbert Plains Three-day auction attracted 12,600+ bidders from 65+ countries. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. , Canada, Western Canada 2009 Mack GU813 For Sale (52292149) from Ritchie Bros. Auctioneers 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. {0} must be must be greater than 2 characters or be entered as "GD". 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. B723010601B. Ritchie Bros. reports first quarter 2022 results , United Arab Emirates, Caorso Create a free account: it's fast, free and gives you full access to our website features. Serial number or VIN: B722121701B. Used Heavy Equipment for Sale | Heavy Equipment Auctions | Ritchie Bros , AB When the auction yard dust settled, Ritchie Bros. sold more than 11,200 items for US$213 million in the massive six-day event. , Canada, Leask The company's Forward Dividend Ratio is 1.08, with its dividend yield at 1.83%. On August 3, 2022, the Company declared a quarterly cash dividend of $0.27 per common share, payable on September 14, 2022 to shareholders of record on August 24, 2022. 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. The largest of these events took place in Houston, TX, where we sold US$63+ million of equipment online for approximately 700 consignors. . , SK Ritchie Bros. Auctioneers. VANCOUVER, BC, Aug. 8, 2021 /PRNewswire/ - Ritchie Bros., a leading global asset management, disposition, and services company; and Europe's leading plant and machinery auction house, Euro . Auction Results: US$63+ million of equipment sold in Houston, TX. , Canada, Notre Dame De Lourdes Auction Results: US$71+ million of equipment sold in Fort Worth, TX. $3.0 million of acquisition-related costs related to the acquisition of Rouse. 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. , Canada, Schuler , MB $5.4 million share based payments expense. , SK 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 investors@iaai.com. , Canada, Wetaskiwin Please refer to pages 14-15 for a summary of adjusting items during the trailing 12months ended December 31, 2022 and December 31, 2021. Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. , SK Cash provided by operating activities was $463.1 million for 2022. Bidding is open, transparent and fair no minimum bids, and no reserve prices. , United States, Wilkie Inventory sales revenue increased 50% year-over-year to $171.3 million primarily due to a higher mix of GTV contracted via inventory deals. We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. Ritchie Bros. Auctioneers reports Q4 profit and revenue up from year , AB 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. Ritchie Bros. Auctioneers Equipment For Sale - IronPlanet Apply for Financing. Required fields are marked *. Total revenue increased 24% year-over-year to $443.9 million. Containers (2267) Excavator Attachments (2086) Industrial and Construction Supplies (2502) Other (4351 . , Netherlands, Australia , Canada, Debert , Canada, Abbey Nisku , SK ended December 31, 2022 were: Adjusting items for the year ended December 31, 2021 were: This news release is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Other costs of services increased 91% year-over-year to $10.6 million mainly due to the acquisition of SmartEquip. , Canada, Manitoba Selling: Houston, TX, USA - Thu, Apr 13. 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. View options. How to bid on this item. Ritchie Bros. - C I M Charity Auction, USA - Wednesday Jan 18, 2023. 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 . If you have equipment to consign, please contact us today! Total number of organizations activated on the Business Inventory Management System increased by 465% year-over-year compared to 2021. A&M service revenue increased 12% year-over-year to $852.0 million with A&M take rate increasing 40 basis points to 14.1% driven by higher buyer fees implemented in early 2022. Group. From the onset of the pandemic, Ritchie Bros. has invested to create . Richie Brothers Auctions - IronPlanet Category: All Categories. Sort by: Type. Ritchie Bros. sells $213 million of equipment in sweeping six-day $3.8 million share based payments expense. , SK , SK , Canada, Assiniboia US$244+ million of equipment sold in our 2023 Premier Global Auction in Orlando, FL. Support Contact us Frequently Asked . This increase in mix was mainly driven by our strategic accounts in the United States. VANCOUVER - Ritchie Bros. Auctioneers Inc. reported its fourth-quarter profit and sales were up compared with a year earlier. , SK After submitting your request, you will receive an activation email to the requested email address. We offer a wide range of unused and used equipment and trucks for sale: , Germany, Newnan , Canada, Leoville Past Heavy Equipment Auctions | Ritchie Bros. Auctioneers The following table reconciles adjusted operating income to operating income, which is the most directly comparable GAAP measure in the consolidated financial statements. Plant and Agricultural Machinery | Ritchie Bros. Auctioneers | Ritchie Adjusted EBITDA increased 24% driven by high flow through revenue growth of 24%. Upcoming Auctions in Saskatchewan | Farm Auction Guide C I M Charity Auction, USA. , Canada, Eatonia "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 . Construction Equipment Auction Results - 319753 Listings Service revenue increased 14% year-over-year driven by higher buyer fees implemented in early 2022 and revenue growth from our Other Services. {0} must be between {1} and {2} characters. , Canada, Vegreville /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. , CA Examples of valid formats would be 000-0000 or 0000000. , Canada, Medford Construction Equipment Guide 470 Maryland Drive Fort Washington, PA 19034 800-523-2200 Cookie Preferences. The Company has also adjusted for certain non-recurring advisory, legal and restructuring costs. 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. : Inventory sales revenue less cost of inventory sold. 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. Adjusted net debt/Adjusted EBITDA is calculated by dividing adjusted net debt by adjusted EBITDA. , Canada, Shamrock , Canada, Middle Lake , Canada, Lethbridge , GA Items were sold for close to 700 consignors, including Fort Worth-based land clearing company Thelin Recycling Co. We got a lot more for our equipment than we expected, said Bill Taylor, Equipment Manager for Thelin Recycling. This news release references non-GAAP measures. , Canada, Oakbank