ritchie bros auction results ritchie bros auction results

, AB 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. $9.1 million share based payments expense. $8.2 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. We offer a wide range of unused and used equipment and trucks for sale: Category: All Categories. , Canada, Young Investors should read the joint proxy statement/prospectus carefully before making any voting or investment decisions. ", In addition, Eric Jacobs, CFO of Ritchie Bros. added, "we are pleased with our continued strong financial performance in the fourth quarter. Report Job. 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. , Canada, Assiniboia Account holders can access 24 months of selling prices through Auction Results. 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. $1.3 million gain due to the change in fair value of derivatives to manage exposure to foreign currency exchange rate fluctuations on the purchase consideration for the proposed acquisition of Euro Auctions. Conference call and webcast details are available at the following link:https://investor.ritchiebros.com. , SK , AB , Canada, Zevenbergen , WA 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. Auction Results: US$71+ million of equipment sold in Fort Worth, TX. , Canada, Handel The remaining 8% was purchased by international buyers from as far away as Egypt, Poland, and Vietnam. , SK , Canada, Bow Island , BC Other Services total revenue increased 11% year-over-year to $50.5 million primarily due to the inclusion of SmartEquip, stronger performance and execution in RBFS, and growth in Rouse. 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. Ive been selling with Ritchie Bros. since 2007 and they always do the best they can to get the most money possible for our equipment.. 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. For the reasons set forth above, you should not place undue reliance on forward looking statements. , Canada, Porcupine Plain 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. You must click the activation link in order to complete your subscription. , SK Measures of liquidity are noted under "Liquidity and Capital Resources". , Canada, Roblin If you have equipment to consign, please contact us today! Nisku 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 . Sell your equipment. B723010601B. , BC 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.. $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. GTV increased 12% when excluding the impact of foreign exchange. Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. Cookie Preferences. "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. It's fast and free. , SK $13.6 million share based payments expense. , Canada, Minitonas Diluted adjusted EPS attributable to stockholders is calculated by dividing adjusted net income attributable to stockholders, net of the effect of dilutive securities, by the weighted average number of dilutive shares outstanding. , AB , SK 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, Athabasca Search, view and compare equipment selling prices for the past two years, including construction equipment, farm equipment and trucks when you get access to Ritchie Bros.' Auction Results. 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 2001 Kenworth T800 6x4 T/A Dump Truck . , Canada, Bolton 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. Save my name, email, and website in this browser for the next time I comment. , Canada, Leask It's fast and free. , United States, Polotitlan We're trusted worldwide because we make buying and selling heavy equipment and trucks easy, efficient, fair, and transparent. Inventory rate 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. , Canada, Teulon Approximately 88% of the equipment in the September 20 22 auction was sold to U.S. buyers, including 42% sold to Texans. , Canada, Leoville 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. Ritchie Bros. Feb 20, 2023, 07:00 ET. , SK , Canada, North Battleford 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. 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. $2.3 million of non-recurring advisory, legal and restructuring costs, which include $0.9 million related to 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, $0.5 million of terminated and ongoing transaction and legal costs relating to mergers and acquisition activity, $0.4 million of SOX remediation costs, and $0.6 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. 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, Outlook US$244+ million of equipment sold in our 2023 Premier Global Auction in Orlando, FL. In 2021, the Company updated the calculation of adjusted operating income to add-back share-based payments expense, all acquisition-related costs (including any share-based continuing employment costs recognized in acquisition-related costs), amortization of acquired intangible assets, and gain or loss on disposition of property, plant and equipment. June 28, 2022. Non-GAAP measures do not have a standardized meaning and are, therefore, unlikely to be comparable to similar measures presented by other companies. If you experience any issues with this process, please contact us for further assistance. Filter. , United States, Mont Saint Hilaire Our Houston yard was very busy leading up to the auction with customers inspecting, testing, and comparing items prior to bidding online, said Chuck Roberson, Regional Sales Manager, Ritchie Bros. As expected, we continue to drive strong pricing for late-model, low-hour equipment and trucks, resulting in a lot of happy consignors., With Ritchie Bros., everything is first class. 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 , SK , SK Our Main Office. , France, Neilburg On an adjusted basis, Ritchie Bros. says it earned 68 cents per diluted share, up from an adjusted profit . Technology. Service revenue as a percent of GTV increased 80 bps year-over-year to 17.4%. $7.9 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. Adjusted EBITDAThe Company believes adjusted EBITDA provides useful information about the growth or decline of its net income when compared between different financial periods. {0} can only contain letters, numbers, dash (-) and dot (.). 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. Our customers in the energy sector benefitted greatly from selling their construction and transportation assets in Fort Worth, with a massive global audience watching. 1-800-211-3983, View Website , SK *The information collected will be retained in accordance with our privacy statement. 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. The auction was held from Feb. 20 to Feb. 24 and attracted more than 22,600 people from more than 80 countries, with approximately 83% of the equipment selling to U.S. buyers, including 18% purchased by Floridians. Auction Results. Support Contact us Frequently Asked . , Canada, Moosomin Online Auction. $6.8 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse. $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. , AB Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. This metric excludes GovPlanet transactions. 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. , SK , MB Adjusting items for the year 78 weekly online auctions. Please try again. 1 and Amendment No. , MB Three-day auction attracted 12,600+ bidders from 65+ countries. IronPlanet is the leading marketplace for the buying and selling of used equipment. A free account gives you access to all the features of rbauction.com: We have encountered a server error. Burnaby, BC, CA, 1-800-211-XXXX (Click to reveal) {0} must be must be greater than 2 characters or be entered as "GD". , Canada, Middle Lake $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. You must click the activation link in order to complete your subscription. , Canada, Stump Lake 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. 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IronPlanet is the leading marketplace for the buying and selling of used equipment. , SK , AB . , Canada, Eatonia , Canada, Perris , Canada, Grimshaw , Canada, Rycroft , SK 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. Keyword: Industry: All Industries. 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. is hosting a conference call to discuss its financial results for the quarter ended June 30, 2022 at 8am Pacific time . , Canada, Killam You may obtain free copies of these documents from Ritchie Bros. or IAA free of charge using the sources indicated above. Bids per lots sold , Canada, Chehalis , SK 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. The company, which keeps its books in U.S. dollars, reported a . 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. , MB (in U.S. dollars $millions, except percentages). Sort by: Type. Review our account terms and conditions and privacy statement to learn more about accessing a free account and how we process information. 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 . Ritchie Bros. - Tipton, CA, USA - Kamis, 22 12 2022. . Operating margins came in at . 2023-01-18 Rabu, 18 01 2023. Register to bid online. $0.1 million gain recognized on the disposition of property, plant and equipment. These adjustments in 2021 have been applied retrospectively to all periods presented, as applicable. , CO , Canada, Steelman Marketplace-E. How it works . 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. 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. $8.8 million share based payments expense. , MB 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. $5.4 million share based payments expense. , Canada, Vegreville Adjusted net debt/Adjusted EBITDA is calculated by dividing adjusted net debt by adjusted EBITDA. Selling: Montreal, QC, CAN - Fri, Mar 24. Buy new and used heavy equipment and trucks for sale at our live unreserved public auctions from your home, office or jobsite. , Canada, Hazenmore , SK Revenue totalled US$443.9 million for the quarter, up from $359.4 million a year earlier. This item will be selling through a Timed Auction. By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. , Canada, Wymark Last week in Texas, we sold close to 5,000 equipment items and trucks over three days for US$71+ million in gross transaction value, which is up 25% from the same auction last year. $0.2 million gain recognized on the disposition of property, plant and equipment. : A single asset to be sold, or a group of assets bundled for sale as one unit.