, Canada, Carievale 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. Ritchie Bros. is the world's largest auctioneer of used and unused heavy equipment. The . Other Ritchie Bros. Auctioneers offerings. 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. Approximately 92% of the equipment in the October 25 28 auction was sold to Canadians, including 61% purchased by Albertans. Select a reason for reporting this job. Ritchie Bros. Auctioneers reports Q4 profit and revenue up from year 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. , Canada, Somerset Required fields are marked *. A&M service revenue increased 11% year-over-year to $222.1 million with A&M take rate increasing 70 basis points to 14.4% driven by higher buyer fees implemented in early 2022. Buy new and used heavy equipment and trucks for sale at our live unreserved public auctions from your home, office or jobsite. 1988 Lincoln SA-250-TMD Mobile Engine Driven Welder | Ritchie Bros , Canada, Leoville Ritchie Bros. Auctioneers reports Q4 profit and revenue up from year Support Contact us Frequently Asked . Email address. $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. , Canada, Hilbre Located: Mont-Saint-Hilaire, QC. {0} can only contain letters, numbers, dash (-) and dot (.). This metric calculates the total number of bids received for a lot divided by the total number of lots sold. , CO Construction Equipment Auction Results - 319753 Listings Technology. , Canada, Wymark First sign in or create an account. Construction Equipment Guide 470 Maryland Drive Fort Washington, PA 19034 800-523-2200 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. , Canada, Mossleigh , Canada, Athabasca $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. Ritchie Bros. Auctioneers (http://www.rbauction.com) is the world's largest auctioneer of heavy equipment and trucks. More ways to buy from all over the world. , MN 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 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} VANCOUVER, BC, Feb. 21, 2023 /CNW/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (the "Company", "Ritchie Bros.", "we", "us", or "our") reported the following results for the fourth quarter, for the three months ended December 31, 2022. 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. Ritchie Bros. Auctioneers Equipment For Sale. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. Subscribe by clicking on the button below. , Canada, Porcupine Plain 22,600+ bidders competing for 13,300+ items Last week we sold 13,300+ equipment items, trucks, and vehicles at our Premier Global. IronPlanet is the leading marketplace for the buying and selling of used equipment. 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. By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. , SK Ritchie Bros. Auctioneers. , WA 2023 AGROTK B7 No Till Drill (Unused) | Ritchie Bros. Auctioneers 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. Understanding Ritchie Bros. Auctioneers Incorporated (NYSE: RBA)'s Password Forgot password? , Canada, Shamrock Service revenue as a percent of GTV increased 90 bps year-over-year to 17.6%. Investors should read the joint proxy statement/prospectus carefully before making any voting or investment decisions. , Canada, Grimshaw , Canada, North Battleford 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. Account holders can access 24 months of selling prices through Auction Results. Read more. 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, Lake Lenore 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. ", In addition, Eric Jacobs, CFO of Ritchie Bros. added, "we are pleased with our continued strong financial performance in the fourth quarter. , SK Your email address will not be published. First sign in or create an account. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Plant and Agricultural Machinery | Ritchie Bros. Auctioneers | Ritchie /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. Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB October 29, 2022 October 31, 2022. . , MB $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. , Canada, Assiniboia All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. , United States, North East , Italy, Chilliwack 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. When the auction yard dust settled, Ritchie Bros. sold more than 11,200 items for US$213 million in the massive six-day event. , SK , Canada, Evansburg , AB 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. 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.. , AB , AB For the reasons set forth above, you should not place undue reliance on forward looking statements. | Ritchie Bros. Auctioneers Past Heavy Equipment Auctions | Ritchie Bros. Auctioneers When you work with Ritchie Bros. everything is first class, said Cortney Laney, Vice President & Chief Operating Officer for MDS Boring & Drilling. , MB $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. Ritchie List - Heavy Equipment, Machinery & Truck Listings Auction Results: US$71+ million of equipment sold in Fort Worth, TX HOUSTON, Feb. 20, 2023 /PRNewswire/ - With its first Houston, TX . If you have equipment to consign, please contact us today! VANCOUVER - Ritchie Bros. Auctioneers Inc. reported its fourth-quarter profit and sales were up compared with a year earlier. Required fields are marked *. , Canada, Medford Selling: Montreal, QC, CAN - Fri, Mar 24. Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. Ritchie Bros. sells US$244+ million of equipment in its 2023 Premier It's fast and free. (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. Please try again. View All Ritchie Bros. Auctioneers Videos. 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. Cookie Preferences. , QC , United States, Dunnigan Adjusted net debt is calculated by subtracting cash and cash equivalents from short and long-term debt. : Represents total proceeds from all items sold at the Company's auctions and online marketplaces. Filter. Ritchie Bros. Auctioneers , Canada, Salvador , Canada, Zevenbergen Adjusted net debt/Adjusted EBITDA is calculated by dividing adjusted net debt by adjusted EBITDA. We also had an entire day dedicated to energy-specific equipment.. {0} must be a valid date of the format YYYY-MM-DD. Inventory sales revenue increased 50% year-over-year to $171.3 million primarily due to a higher mix of GTV contracted via inventory deals. How to bid on this item. 2016 Western Star 4900 For Sale (52293209) from Ritchie Bros Approximately 88% of the equipment in the September 20 22 auction was sold to U.S. buyers, including 42% sold to Texans. Inventory return Debt / net income was 1.9x for the twelve months ended December 31, 2022. About Us | Ritchie Bros. Auctioneers This item will be selling through a Timed Auction. $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. The remaining 17% of the equipment . After submitting your request, you will receive an activation email to the requested email address. 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. Sell your equipment. Service revenue increased 14% year-over-year driven by higher buyer fees implemented in early 2022 and revenue growth from our Other Services. , AB $5.4 million share based payments expense. $8.5 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. , Canada, Langenburg , Canada, Hussar Our latest changes to Salvage Sale were designed to improve user experience, as well as grant more exposure to our inventory. Register to bid online. , Canada, Elm Creek Inventory sales revenue in Q1 2022 increased 19% to $149.1 million. Sell your equipment. Subcategory: All Subcategories. Save my name, email, and website in this browser for the next time I comment. , AB Auctions. 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. party promotions, as well as product and/or service information, including that of third parties, that /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. , SK , Canada, Moosomin About Ritchie Bros. Auctioneers About Ritchie Bros. Careers Media Investors Blog Security Center. 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.
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