Important Additional Information and Where to Find It. , SK party promotions, as well as product and/or service information, including that of third parties, that , Canada, Chehalis $9.6 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. , MB $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. , SK : Inventory sales revenue less cost of inventory sold. 2 to the Initial Registration Statement filed with the SEC and applicable Canadian securities regulatory authorities on February 1, 2023 and February 9, 2023, respectively (together with the Initial Registration Statement, the "Registration Statement"). 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. Support Contact us Frequently Asked . GTV increased 6% year-over-year to $1.5 billion driven by a rebound in lot volumes offset by weaker mix adjusted prices, unfavourable impact of foreign exchange and unfavorable asset mix. Auction Results: US$63+ million of equipment sold in Houston, TX. 2023-01-18 Rabu, 18 01 2023. , SK Selling: Montreal, QC, CAN - Fri, Mar 24. For more information about Ritchie Bros., visit RitchieBros.com. Service revenue as a percent of GTV increased 90 bps year-over-year to 17.6%. Subcategory: All Subcategories. , Canada, Colgate Consolidated results: Total revenue in Q1 2022 increased 19% to $393.9 million. , Canada, Eston Report Job. Get inventory updates. 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. You can sign up for additional alert options at any time. 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. Here are three of the biggest sellers in the auction: Your email address will not be published. Adjusted EBITDAThe Company believes adjusted EBITDA provides useful information about the growth or decline of its net income when compared between different financial periods. , SK , AB , France, Neilburg {0} must be must be greater than 2 characters or be entered as "GD". With the market capitalization of Ritchie Bros. Auctioneers Incorporated currently standing at about $6.71 billion, investors are eagerly awaiting this quarter's results, scheduled for May 08, 2023 - May 12, 2023. We conduct hundreds of public equipment auctions around the world each year for the construction, transportation, agricultural, real estate and other industries. 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. , Canada, Balcarres 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. 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. Adjusted net debt/Adjusted EBITDA is calculated by dividing adjusted net debt by adjusted EBITDA. , Canada, Hanley , Canada, Salvador GTV increased 12% when excluding the impact of foreign exchange. We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. Select a reason for reporting this job. (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. , Canada, Athabasca , Canada, Stockholm 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, Western Canada , SK Approximately 88% of the equipment in the September 20 22 auction was sold to U.S. buyers, including 42% sold to Texans. By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. 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). 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. Sell your equipment. , AB 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 , CO , MB Revenue totalled US$443.9 million for the quarter, up from $359.4 million a year earlier. , Canada, Handel , Canada, Lethbridge Located: Mont-Saint-Hilaire, QC. $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. $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. Ritchie Bros. sold more than 13,300 equipment items, trucks and vehicles at its Premier Global Auction in Orlando, FL, generating more than $244 million in gross transaction value. Apr 11, 2023 Ritchie Bros. Auctioneers - Farm Auction Middle Lake , SK Apr 8 (9 AM) - Apr 11 (9 AM) Unreserved Online Timed Equipment Consignment Auction, Saskatchewan 23DK Apr 11, 2023 Team Sekura Auctions - Farm Auction , SK This news release references non-GAAP measures. {0} can only contain letters, numbers, dash (-) and dot (.). US $17,000. First sign in or create an account. , SK Your email address will not be published. , Canada, Brandon 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. The . Examples of valid formats would be 000-0000 or 0000000. 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. 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. $0.1 million gain recognized on the disposition of property, plant and equipment. 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. $9.1 million share based payments expense. How to bid on this item. Bids per lots sold In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. , SK 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 As long as you're connected you can bid. Ritchie Bros. is so efficient, and they get your equipment in front of hundreds of thousands of potential equipment buyersits hard to beat! 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". The replay of the webcast will be available through March 21, 2023. 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. Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. 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 . 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. B723010601B. 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. Sell your equipment 2 2 (Day {0} of {1}) Sold for {0} on {1} {2} in {3} Selling today {0} in {1} Selling on {0} {1} in {2} , United States, St Aubin Sur Gaillon , United States, Ocana $8.2 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. , AB All items were sold without minimum bids or reserve prices. Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. The company, which keeps its books in U.S. dollars, reported a . , Canada, Somerset On an adjusted basis, Ritchie Bros. says it earned 68 cents per diluted share, up from an adjusted profit . 1-800-211-3983, View Website Ritchie Bros. is a one-stop-shop for everything your equipment and truck business needs to succeed - buying and selling solutions, market insights and valuation, global buyer demand, and fleet management tools. , AB , SK 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. 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 . , Canada, Debert $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. , Australia, Yorkton A one-stop-shop for used equipment dealers and resellers. Cookie Preferences. , SK Our Main Office. It's fast and free. Here are three of the top sellers from Fort Worth: 2017 Tadano Mantis 15010 75-ton crawler crane US$550,000, 2016 Volvo A40G articulated dump truck US$237,500, Your email address will not be published. It's fast and free. Ritchie Bros. is the world's largest auctioneer of used and unused heavy equipment. {0} must be between {1} and {2} characters. , Canada, Minitonas 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.