The Registration Statement was declared effective by the SEC on February 10, 2023. 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. Auction Results: US$71+ million of equipment sold in Fort Worth, TX. Apply for Financing. Subscribe by clicking on the button below. , Canada, Hazenmore Approximately 88% of the equipment in the September 20 22 auction was sold to U.S. buyers, including 42% sold to Texans. : Inventory sales revenue less cost of inventory sold. View All Ritchie Bros. Auctioneers Videos. Sell your equipment. Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots". , United States, Ocana , Canada, Saskatoon Ritchie Bros. is the world's largest industrial auctioneer . The June 21 - 23 auction attracted more than 10,000 bidders from the 5,900 . More ways to buy from all over the world. , AB 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. , SK Our Main Office. , Canada, Hilda $7.9 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. $5.6 million share based payments expense. : A single asset to be sold, or a group of assets bundled for sale as one unit. , Canada, Roblin 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. Easy-to-use, self-serve interface, automatic inventory upload. 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). , Canada, James River Bridge Online Auction. 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. 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 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. 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. , SK Serial number or VIN: B722121701B. , SK Ritchie Bros. Auctioneers Equipment For Sale. $10.3 million of acquisition-related costs related to the acquisitions of Rouse, and SmartEquip and proposed acquisition of Euro Auctions. For the reasons set forth above, you should not place undue reliance on forward looking statements. , Mexico, Lake Worth Required fields are marked *. Remember me. Ritchie Bros. has grown from a small-town auctioneer to a global asset management and disposition company. , SK Ritchie Bros. Auctions. , SK , MD HOUSTON, Feb. 20, 2023 /PRNewswire/ - With its first Houston, TX . We sold more than 450 items in last weeks Houston auction and were extremely happy with the results. It's fast and free. 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. 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. , Canada, Hussar As long as you're connected you can bid. 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. Inventory return , AB 400+ unreserved onsite auctions with online bidding. Please refer to pages 14-15 for a summary of adjusting items for the three months ended December 31, 2022 and December 31, 2021. $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. , SK Register to bid online. , Canada, Debert These adjustments in 2021 have been applied retrospectively to all periods presented, as applicable. Your email address will not be published. *The information collected will be retained in accordance with our privacy statement. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. , Canada, Las Vegas 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. , Canada, Stornoway "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 . , MB 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. $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. 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} , CO The unreserved online auction attracted more than 10,800 online bidders from 63 countries. Account holders can access 24 months of selling prices through Auction Results. Construction Equipment Guide 470 Maryland Drive Fort Washington, PA 19034 800-523-2200 , SK {0} must be between {1} and {2} characters. 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. C I M Charity Auction, USA. GTV increased 12% when excluding the impact of foreign exchange. GTV is not a measure of financial performance, liquidity, or revenue, and is not presented in the Company's consolidated financial statements. , MB , MB This item will be selling through a Timed Auction. , Canada, Tangent , Canada, Manor /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. 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. Upcoming auctions; Auction results; Search over 87,427 items in inventory. : Inventory return divided by inventory sales revenue. When the auction yard dust settled, Ritchie Bros. sold more than 11,200 items for US$213 million in the massive six-day event. , AB 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. Get Shipping Quotes. , Canada, Glenbush Ritchie Bros. Auctioneers. Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. Adjusting items for the year , Canada, Meppen Buy used equipment. Ritchie Bros. Feb 20, 2023, 07:00 ET. 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. , SK A one-stop-shop for used equipment dealers and resellers. 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 $6.6 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse. , CA Ritchie Bros. - C I M Charity Auction, USA - Wednesday Jan 18, 2023. It's fast and free. , MN 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. $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. , Canada, Calgary , Canada, Notre Dame De Lourdes $5.4 million share based payments expense. , Canada, Kincaid Marketplace-E. How it works . On an adjusted basis, Ritchie Bros. says it earned 68 cents per diluted share, up from an adjusted profit . : Represents total proceeds from all items sold at the Company's auctions and online marketplaces. Three-day auction attracted 12,600+ bidders from 65+ countries. Simply select a category and click Search. A sea of equipment stretched over the 220-acre Ritchie Bros. auction site in Orlando, FL last week as the company hosted its largest auction ever--13,350+ items sold for US$297+ million (CNW Group . Last week Ritchie Bros. conducted its largest ever December auction in Texas, selling US$86+ million of equipment and trucks for 800+ consignors in three days. After submitting your request, you will receive an activation email to the requested email address. The remaining 12% was sold to international buyers from as far away as Australia, Finland, Israel, and Malaysia. , SK Save my name, email, and website in this browser for the next time I comment. , SK , SK , Germany, Newnan $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. ", In addition, Eric Jacobs, CFO of Ritchie Bros. added, "we are pleased with our continued strong financial performance in the fourth quarter. Support Contact us Frequently Asked . , Canada, Hilbre $8.8 million share based payments expense. , SK Sign Me Up Login. This increase in mix was mainly driven by our strategic accounts in the United States. , Canada, Rycroft , Canada, Wakaw , AB Home > Auction Results. , Canada, Evansburg