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: Represents total proceeds from all items sold at the Company's auctions and online marketplaces. Get Shipping Quotes. Sell your equipment 3 3 (Day {0} of {1}) Sold for {0} on {1} {2} in {3} Selling today {0} in {1} Selling on {0} {1} in {2} $0.1 million gain recognized on the disposition of property, plant and equipment. Cash provided by operating activities was $463.1 million for 2022. Category: All Categories. 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. 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. In 2021, the Company updated the calculation of adjusted EBITDA to add-back certain adjustments that have been applied retrospectively to all periods presented, as applicable (refer to adjusted operating income reconciliation above). At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. , AB , SK , Canada, Leoville , Canada, Bruno 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. 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. They have the best marketing, reach the most buyers, and will get you the most money for your equipment. $7.5 million share based payments expense. , Canada, Rolling Hills 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. Auction Results. , AB , Canada, Medford 22,600+ bidders competing for 13,300+ items Last week we sold 13,300+ equipment items, trucks, and vehicles at our Premier Global. , United States, St Aubin Sur Gaillon New York. Auctions. Required fields are marked *. 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. $2.9 million of acquisition-related costs related to the acquisition of Rouse. Buy new and used heavy equipment and trucks for sale at our live unreserved public auctions from your home, office or jobsite. , Canada, Taylor Approximately 92% of the equipment in the October 25 28 auction was sold to Canadians, including 61% purchased by Albertans. , United Arab Emirates, Caorso $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. Password Forgot password? 2023-01-18 Wednesday Jan 18, 2023. . , Canada, Saskatoon Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots". , NV This metric calculates the total number of bids received for a lot divided by the total number of lots sold. In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. Key Operating MetricsWe regularly review a number ofmetrics, including the following key operating metrics, to evaluate our business, measure our performance, identify trends affecting our business, and make operating decisions. , Canada, James River Bridge , SK Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. , SK , MB 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. These adjustments in 2021 have been applied retrospectively to all periods presented, as applicable. $1.1 million gain recognized on the sale of a property in Denver, Colorado. {0} can only contain letters, numbers, dash (-) and dot (.). , United States, View Past You may obtain free copies of these documents from Ritchie Bros. or IAA free of charge using the sources indicated above. 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 , ON Investors should read the joint proxy statement/prospectus carefully before making any voting or investment decisions. 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. Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. $5.4 million share based payments expense. Get Free Auction Results. , SK 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. Other Services total revenue increased 28% year-over-year to $198.6 million primarily due to stronger performance and execution in RBFS, the addition of SmartEquip and strong growth in Rouse. Adjusted net income attributable to stockholders represents net income attributable to stockholders, excluding the effects of adjusting items. , Canada, Western Canada Inventory sales revenue increased 50% year-over-year to $171.3 million primarily due to a higher mix of GTV contracted via inventory deals. , Canada, Fox Valley 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. We will work with you to determine the best way to sell your equipment and market it to our millions of buyers. , SK , United States, Dunnigan 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. Add to Watchlist. 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. $1.2 million loss on disposition of property, plant and equipment and related costs includes a $1.3 million non-cash cost in the quarter relating to the adjustment made to recognize the Bolton property sale proceeds at fair value when calculating the $169.0 million gain on the Bolton property in the first quarter of 2022, and $0.1 million gain on disposition of property, plant and equipment in the quarter. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. This document is not a substitute for the joint proxy statement/prospectus or registration statement or any other document that Ritchie Bros. or IAA may file with the SEC and/or applicable Canadian securities regulatory authorities. $2.0 million of acquisition-related costs primarily relating to the share-based continuing employment costs for the acquisitions of Rouse and SmartEquip. , Canada, Balcarres , Canada, Langenburg $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. US$244+ million of equipment sold in our 2023 Premier Global Auction in Orlando, FL. , AB , Netherlands, Australia {0} must be a valid date of the format YYYY-MM-DD. Support Contact us Frequently Asked . , Canada, Manitoba , Canada, Glenbush , SK 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. {0} can only contain letters and numbers. Examples of valid formats would be 000-0000 or 0000000. , SK , MB VANCOUVER - Ritchie Bros. Auctioneers Inc. reported its fourth-quarter profit and sales were up compared with a year earlier. {0} is an invalid phone number format. , Canada, Langbank Selling: Houston, TX, USA - Thu, Apr 13. 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, Salvador $6.6 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse. , Canada, Hazenmore $1.3 million loss due to the change in fair value of derivatives to manage our exposure to foreign currency exchange rate fluctuations on the purchase consideration for the proposed acquisition of Euro Auctions. , SK , SK , Canada, Rockhaven 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. Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. 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. , SK US $17,000. , MB , SK , Canada, Zevenbergen , AB Your email address will not be published. Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB. , Canada, Wymark Adjusted EBITDA increased 24% driven by high flow through revenue growth of 24%. Ritchie Bros. Auctioneers Equipment For Sale. , Canada, Steelman Create a free account: it's fast, free and gives you full access to our website features. , BC Ritchie Bros. Auctions. /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. . , AB 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. This metric excludes GovPlanet transactions. Information about the directors and executive officers of Ritchie Bros. is available in its definitive proxy statement on Schedule 14A for its 2022 Annual Meeting of Shareholders, which was filed with the SEC and applicable Canadian securities regulatory authorities on March 15, 2022, and certain of its Current Reports on Form 8-K. Information about IAA's directors and executive officers is available in IAA's definitive proxy statement on Schedule 14A for its 2022 Annual Meeting of Stockholders, which was filed with the SEC on May 2, 2022, and certain of its Current Reports on Form 8-K. Other information regarding persons who may be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, including information with respect to Mr. Smith, are contained or will be contained in the joint proxy statement/prospectus and other relevant materials filed or to be filed with the SEC and applicable Canadian securities regulatory authorities regarding the proposed IAA transaction when they become available. Service revenue increased 11% year-over-year, driven by solid contribution from both Auctions & Marketplace ("A&M") and positive growth from our Other Services. Filter. , AB , United States, Ocana 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. Account holders can access 24 months of selling prices through Auction Results. Report Job. Cookie Preferences. Solid execution from the at-risk team drove a robust 10.4% inventory rate. 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. The remaining 8% was purchased by international buyers from as far away as Egypt, Poland, and Vietnam. , Canada, Hilda , SK Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. . , United States, Jebel Ali Free Zone View All Ritchie Bros. Auctioneers Videos. Meter: 2163 Hours. Id like to thank Ritchie Bros. and its employees for their professionalism throughout the entire consignment processthey were so friendly, polite, and respectful. Ritchie Bros. next Texas auction will be held at its Fort Worth site, with onsite bidding and events, on June 19 21. Get Free Auction Results. $0.2 million of non-recurring advisory, legal and restructuring costs relating to retention costs in connection with the restructuring of our information technology team during the year. Auction results News . , CO The foregoing list is not exhaustive of the factors that may affect the Company's forward-looking statements. , Canada, Lake Lenore $4.5B in gross transactional value: one of the world's largest sellers of used equipment on-site and online. , BC {0} must be must be greater than 2 characters or be entered as "GD". , Canada, Gilbert Plains , Canada, Elm Creek GTV increased 9% when excluding the impact of foreign exchange. Our Main Office. , Canada, Perris , MB 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. 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. may be of interest to you, and that you understand you may unsubscribe at any time. 400+ unreserved onsite auctions with online bidding. , SK , United States, Mont Saint Hilaire How to bid on this item. 1 and Amendment No. Online Auction. , SK Inventory return increased 56% year-over-year to $17.8 million due to higher volume of inventory deals, driven primarily by the rental sector within our strategic accounts in the United States. 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. 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. Upcoming auctions; Auction results; Search over 93,979 items in inventory. Updated within 24 hours of the end of an auction. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. , Canada, Stony Plain Sign Me Up Login. Auction Results: US$71+ million of equipment sold in Fort Worth, TX. The unreserved online auction attracted more than 10,800 online bidders . No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from, or in a transaction not subject to, such registration requirements. : A single asset to be sold, or a group of assets bundled for sale as one unit. , Canada, Brandon With our fifth Edmonton, AB auction of the year, we attracted more than 16,500 bidders to compete for 10,000+ items, generating CA$99+ million (US$73+ million) in gross transaction value. You must click the activation link in order to complete your subscription. , Canada, Benito Home > Auction Results. Subscribe by clicking on the button below. , Canada, Rycroft The company's Forward Dividend Ratio is 1.08, with its dividend yield at 1.83%. Auction Results: US$71+ million of equipment sold in Fort Worth, TX. , SK , Canada, Longmont Construction Equipment Guide 470 Maryland Drive Fort Washington, PA 19034 800-523-2200 , France, Neilburg "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.
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