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, Canada, Rolling Hills $1.1 million gain recognized on the sale of a property in Denver, Colorado. The company's Forward Dividend Ratio is 1.08, with its dividend yield at 1.83%. Ritchie Bros. Feb 20, 2023, 07:00 ET. This increase in mix was mainly driven by our strategic accounts in the United States. Total revenue increased 24% year-over-year to $443.9 million. , SK Our Main Office. You can sign up for additional alert options at any time. By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. About Ritchie Bros.Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. , Canada, Taylor In the year 2020, revenues rose 4% to $1.4 billion, with most sales generated from commissions and fees, with inventory sales coming in at roughly half a billion. Operating in a number of sectors, including construction, commercial transportation, agriculture, energy, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Ritchie List, a self-serve listing service for North America; Mascus, a leading European online equipment listing service; Ritchie Bros. We're trusted worldwide because we make buying and selling heavy equipment and trucks easy, efficient, fair, and transparent. Ritchie Bros. - C I M Charity Auction, USA - Rabu, 18 01 2023. , SK As long as you're connected you can bid. Subcategory: All Subcategories. $7.5 million share based payments expense. , AB We offer a wide range of unused and used equipment and trucks for sale: We have encountered a server error. 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. The foregoing list is not exhaustive of the factors that may affect the Company's forward-looking statements. We also had an entire day dedicated to energy-specific equipment.. , Canada, The Pas The unreserved online auction attracted more than 10,800 online bidders from 63 countries. After submitting your request, you will receive an activation email to the requested email address. , SK {0} can only contain letters and numbers. About Ritchie Bros. Auctioneers About Ritchie Bros. Careers Media Investors Blog Security Center. 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. Technology. 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". , CA 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. 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. ", In addition, Eric Jacobs, CFO of Ritchie Bros. added, "we are pleased with our continued strong financial performance in the fourth quarter. , Canada, Brandon , SK All items were sold without minimum bids or reserve prices. Password Forgot password? Ritchie Bros. Auctioneers $6.6 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse. Adjusted EBITDAThe Company believes adjusted EBITDA provides useful information about the growth or decline of its net income when compared between different financial periods. $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. Each of Ritchie Bros. and IAA may also file other relevant documents with the SEC and/or applicable Canadian securities regulatory authorities regarding the proposed IAA transaction. 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. Home > Auction Results. . , SK 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. Service revenue as a percent of GTV increased 80 bps year-over-year to 17.4%. You may obtain free copies of these documents from Ritchie Bros. or IAA free of charge using the sources indicated above. 1 and Amendment No. The Illinois Equipment Distributors (IED) has invited a representative of Ritchie Bros. Auctioneers to speak to its members at the organization's 2023 kick off business meeting March 23. , Canada, Lake Lenore B723010601B. 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. The Company does not consider this to be a measure of its liquidity, which is its ability to settle only short-term obligations, but rather a measure of how well it funds liquidity. $8.2 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. , United States, North East How to bid on this item. , CA $4.5B in gross transactional value: one of the world's largest sellers of used equipment on-site and online. 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} In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. 2001 Kenworth T800 6x4 T/A Dump Truck . Service revenue increased 11% year-over-year, driven by solid contribution from both Auctions & Marketplace ("A&M") and positive growth from our Other Services. . $3.4 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. {0} must be between {1} and {2} characters. Investors and security holders may obtain copies of these documents (when they are available) free of charge through the website maintained by the SEC at www.sec.gov, SEDAR at www.sedar.com or from Ritchie Bros. at its website, investor.ritchiebros.com, or from IAA at its website, investors.iaai.com. 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. 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 , Canada, Moosomin Consolidated results: Total revenue in Q1 2022 increased 19% to $393.9 million. Please refer to pages 14-15 for a summary of adjusting items during the three months ended December 31, 2022 and December 31, 2021. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Review our account terms and conditions and privacy statement to learn more about accessing a free account and how we process information. , Spain, Grande Prairie , WA Inventory return increased 46% year-over-year to $74.7 million due to higher volume of inventory deals sourced, including from our strategic accounts in the United States primarily in the finance and rental sectors. $6.8 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse. Get Free Auction Results. Ritchie Bros. sells 13,300+ items for US$244+ million in its 2023 Premier Global Auction in Orlando, FL (CNW Group/Ritchie Bros.) The February 20 - 24, 2023 auction attracted 22,600+ people from . FULL OPERATIONS NOT TESTED 17844, 17841, 17839 SOLD WITH 17840 17840: Model ME130/6 - 17.4 HP 460 Volts Pump Model AFP (K) 2046.5 - ME130/6 FM 17844: Model ME200/6 - 26.8 HP 460 Volt.See More Details. Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. This metric excludes GovPlanet transactions. This item will be selling through a Timed Auction. , SK , Canada, Oakbank February 27, 2023. Save my name, email, and website in this browser for the next time I comment. , SK $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. Service revenue in Q1 2022 increased 19% to $244.9 million. , United States, St Aubin Sur Gaillon Please see contact us , AB $7.9 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. A free account gives you access to all the features of rbauction.com: We have encountered a server error. 1-800-211-3983, View Website Start selling today. We sold more than 450 items in last weeks Houston auction and were extremely happy with the results. , Canada, Manitoba C I M Charity Auction, USA. , SK $13.6 million share based payments expense. Auction results: US$50+ million of equipment sold in Pacific Northwest auction . , Canada, Lethbridge Your email address will not be published. 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. The company sells a range of used and unused commercial assets, including earthmoving equipment, truck . , Canada, Handel Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. Total number of organizations activated on the Business Inventory Management System increased by 465% year-over-year compared to 2021. $8.5 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. , MB Please refer to pages 14-15 for a summary of adjusting items during the trailing 12months ended December 31, 2022 and December 31, 2021. , Canada, Outlook Brexit. , AB $5.6 million share based payments expense. June 28, 2022. , MB These adjustments in 2021 have been applied retrospectively to all periods presented, as applicable. Inventory sales revenue increased 50% year-over-year to $171.3 million primarily due to a higher mix of GTV contracted via inventory deals. , SK GlobalAuctionGuide.com 2001-2023 | Part of the Global Auction Guide Media , Canada, Meppen For more information about Ritchie Bros., visit RitchieBros.com. 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". 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. , SK , BC , United States, Polotitlan 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 . 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.