You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. The following table reconciles adjusted operating income to operating income, which is the most directly comparable GAAP measure in the consolidated financial statements. , MB View options. 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Ba2-PD probability of default rating, and its Ba3 senior unsecured rating on its existing notes due 2025, which will be withdrawn once repaid. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. : Each bid is completed electronically through our real-time online bidding system. Adjusted net income attributable to stockholders represents net income attributable to stockholders, excluding the effects of adjusting items. Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. $22.2 million of acquisition-related costs primarily relating to the proposed acquisition of IAA, and the share-based continuing employment costs for the acquisitions of Rouse and SmartEquip. For the reasons set forth above, you should not place undue reliance on forward looking statements. , Canada, Longmont {0} can only contain letters and numbers. , MB "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. , SK , SK (in U.S. dollars $millions, except percentages). 2020 John Deere 648R (52281852), LOCATED-IN-BUTNER-NC-MD Closing Time: 2023-03-30 04:00:00 PM from Ritchie Bros. Auctioneers ", In addition, Eric Jacobs, CFO of Ritchie Bros. added, "we are pleased with our continued strong financial performance in the fourth quarter. 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. This metric excludes GovPlanet transactions. , SK Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. , SK Diluted adjusted EPS attributable to stockholders eliminates the financial impact of adjusting items from net income attributable to stockholders that the Company does not consider to be part of the 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". , SK $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. , Canada, Stornoway Serial number or VIN: B722121701B. 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. Nisku The June 21 - 23 auction attracted more than 10,000 bidders from the 5,900 . , 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. Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. , Canada, Gilbert Plains , Spain, Grande Prairie , Canada, Hilda $3.4 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. Ritchie Bros. - Tipton, CA, USA - Kamis, 22 12 2022. . GTV is not a measure of financial performance, liquidity, or revenue, and is not presented in the Company's consolidated financial statements. Investors should read the joint proxy statement/prospectus carefully before making any voting or investment decisions. , MB , MB , United States, North East The . Your email address will not be published. , Canada, Stockholm 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. Easy-to-use, self-serve interface, automatic inventory upload. New to our site? Cookie Preferences. We're trusted worldwide because we make buying and selling heavy equipment and trucks easy, efficient, fair, and transparent. , Canada, North Battleford 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. , SK {0} is an invalid phone number format. , Canada, Chehalis Please refer to pages 14-15 for a summary of adjusting items during the trailing 12months ended December 31, 2022 and December 31, 2021. Cookie Preferences. Equipment highlights in the October Edmonton auction included 140+ truck tractors, 85+ excavators, 60+ skid steers, 60+ dozers, 25+ pipelayers, forestry equipment, and more. Fourth Quarter Financial and Business Metric Highlights1: Full Year Financial and Business Metric Highlights1: 1For information regarding Ritchie Bros. use and definition of this measure, see "Key Operating Metrics" and "Non-GAAP Measures" sections in this press release, (in U.S. dollars $000's, except EPS and percentages), Diluted earnings per share attributable to stockholders, Diluted adjusted earnings per share attributable to stockholders, (in U.S. dollars $000's, except percentages), Ancillary and logistical service expenses, A&M service revenue as a % of total GTV- Rate. In addition, Canada saw an increased volume of inventory sold mainly in the commercial transportation and construction sectors. Earnings per share attributable to stockholders: Weighted average number of share outstanding: Condensed Consolidated Balance Sheets(in U.S. dollars $000's, except share data)(Unaudited), Common stock; no par value, unlimited shares authorized, issued and, outstanding shares: 110,881,363 (December 31, 2021: 110,618,049), Condensed Consolidated Statements of Cash Flows(in U.S. dollars $000's)(Unaudited). , SK , Canada, Langbank 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 . Your email address will not be published. US$244+ million of equipment sold in our 2023 Premier Global Auction in Orlando, FL. , Italy, Chilliwack , SK , SK , MD /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. 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. Address Norwalk, CT. 06851 USA. Subscribe by clicking on the button below. , Canada, Notre Dame De Lourdes {0} is an invalid phone number format. All items were sold without minimum bids or reserve prices. , TX View All Ritchie Bros. Auctioneers Videos. , AB Adjusted operating income enhances the Company's ability to evaluate and understand ongoing operations, underlying business profitability, and facilitate the allocation of resources. 2013 JLG 260 MRT Diesel 4x4 Scisso. Selling: Montreal, QC, CAN - Fri, Mar 24. They have the best marketing, reach the most buyers, and will get you the most money for your equipment. Service revenue increased 11% year-over-year, driven by solid contribution from both Auctions & Marketplace ("A&M") and positive growth from our Other Services. Ritchie Bros. is the world's largest auctioneer of used and unused heavy equipment. $6.2 million share based payments expense. 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. GTV increased 12% when excluding the impact of foreign exchange. You can filter the results by year, make, model, type and location. Adjusted Operating Income ReconciliationThe Company believes that adjusted operating income provides useful information about the growth or decline of its operating income for the relevant financial period and eliminates the financial impact of adjusting items the Company does not consider to be part of its normal operating results. Auction Results. Operating margins came in at . , Canada, The Pas Start selling today. If you experience any issues with this process, please contact us for further assistance. You must click the activation link in order to complete your subscription. Required fields are marked *. PR Newswire. , Canada, Watrous You can sign up for additional alert options at any time. , SK The Registration Statement was declared effective by the SEC on February 10, 2023. Simply select a category and click Search. *The information collected will be retained in accordance with our privacy statement. Inventory return , Canada, Kincaid Report Job. About this app. 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. 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. Auction Results. 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. Muskrat Falls auction helps break new regional sales record for Ritchie Bros. 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. , SK $7.9 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. Online Auction. Email address. Marketplace-E. How it works . If you have equipment to consign, please contact us today! First sign in or create an account. Please try again. 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 . . Selling: Houston, TX, USA - Thu, Apr 13. The company's Forward Dividend Ratio is 1.08, with its dividend yield at 1.83%. Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. Required fields are marked *. If you have equipment to consign, please contact us today! In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. $5.6 million share based payments expense. A one-stop-shop for used equipment dealers and resellers. , SK Account holders can access 24 months of selling prices through Auction Results. 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 The following table reconciles adjusted EBITDA to net income, which is the most directly comparable GAAP measure in, or calculated from, the consolidated financial statements: Adjusted EBITDA is calculated by adding back depreciation and amortization, interest expense, income tax expense, and subtracting interest income from net income, as well as adding back share-based payments expense, acquisition-related costs, loss (gain) on disposition of property, plant and equipment, change in fair value of derivatives, non-recurring advisory, legal and restructuring costs which includes terminated and ongoing transaction costs, and excluding the effects of any non-recurring or unusual adjusting items. , United States, Mont Saint Hilaire As long as you're connected you can bid. party promotions, as well as product and/or service information, including that of third parties, that Adjusting items for the year To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. About Ritchie Bros. Auctioneers About Ritchie Bros. Careers Media Investors Blog Security Center. $10.3 million of acquisition-related costs related to the acquisitions of Rouse, and SmartEquip and proposed acquisition of Euro Auctions. The remaining 12% was sold to international buyers from as far away as Australia, Finland, Israel, and Malaysia. , NV , Canada, Killam , Canada, High Prairie Register to bid online. 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.. We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. {0} must be between {1} and {2} characters. , Canada, Outlook Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots". 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. $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. $3.8 million share based payments expense. More ways to buy from all over the world. , Canada, Medford 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. , Canada, Colgate We offer a wide range of unused and used equipment and trucks for sale: , SK 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. Sell your equipment. , AB Adjustments for items not affecting cash: Net changes in operating assets and liabilities, Net cash provided by operating activities, Proceeds on disposition of property, plant and equipment, Net cash provided by (used in) investing activities, Proceeds from exercise of options and share option plans, Payment of withholding taxes on issuance of shares, Net increase (decrease) in short-term debt, Effect of changes in foreign currency rates on cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash, end of period. We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. , Canada, Shamrock , Canada, Rolling Hills 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} must be must be greater than 2 characters or be entered as "GD". , Canada, Handel Category: All Categories. , Canada, Fox Valley
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