Inventory management system activations Select a reason for reporting this job. , QC , NS 2023-01-18 Rabu, 18 01 2023. A one-stop-shop for used equipment dealers and resellers. If you experience any issues with this process, please contact us for further assistance. In 2021, the Company updated the calculation of adjusted EBITDA to add-back certain adjustments that have been applied retrospectively to all periods presented, as applicable (refer to adjusted operating income reconciliation above). Meter: 2163 Hours. , AB 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Ba2-PD probability of default rating, and its Ba3 senior unsecured rating on its existing notes due 2025, which will be withdrawn once repaid. 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. 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. These adjustments in 2021 have been applied retrospectively to all periods presented, as applicable. Other Services selling, general and administrative expenses increased 48% year-over-year to $73.7 million due to the inclusion of SmartEquip, higher costs in RBFS with strong results, as well as investments made for our growth initiatives in Rouse. , SK Ritchie Bros. to host Fourth Quarter 2022 Results Earnings Conference Call on February 21st, 2023. Cookie Preferences. $6.6 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse. 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. It's fast and free. , SK Three-day auction attracted 12,600+ bidders from 65+ countries. , SK , AB We continue to drive strong global demand for equipment and trucks, resulting in a lot of happy consignors, said Jacen Cowick, Regional Sales Manager, Ritchie Bros. Today we offer customers more options and flexibility than ever before. Adjusted net income attributable to stockholders represents net income attributable to stockholders, excluding the effects of adjusting items. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. , Canada, Medford Industry. Your email address will not be published. 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. Search IronPlanet's auction results. Burnaby, BC, CA, 1-800-211-XXXX (Click to reveal) 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. , Canada, Rycroft Description: Cummins ISB 6.7 L Diesel 305 hp Engine, 2008 US EPA Label, Automatic Transmission, 225/70R19.5, Spring Suspension, 190 in Wheelbase, DEL 11 ft 5 in Long Body, Manual Roll Tarp LOCATED . {0} must be between {1} and {2} characters. Start selling today. It's fast and free. , AB , Canada, Las Vegas How to bid on this item. 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. $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. , United Arab Emirates, Caorso After submitting your request, you will receive an activation email to the requested email address. 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. , AB Equipment highlights in the October Edmonton auction included 140+ truck tractors, 85+ excavators, 60+ skid steers, 60+ dozers, 25+ pipelayers, forestry equipment, and more. , SK , SK , SK , France, Neilburg Auction Results: US$71+ million of equipment sold in Fort Worth, TX. , Canada, Middle Lake , United States, Ocana Upcoming auctions; Auction results; Search over 87,427 items in inventory. , Canada, Schuler Solid execution from the at-risk team drove a robust 10.4% inventory rate. 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. This news release references non-GAAP measures. More ways to buy from all over the world. IronPlanet is the leading marketplace for the buying and selling of used equipment. $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 $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 following table reconciles adjusted operating income to operating income, which is the most directly comparable GAAP measure in the consolidated financial statements. Access some of the most up-to-date equipment pricing information available online, Two-year's worth of equipment selling prices, Updated within 24 hours of the end of an auction, Determine the approximate value of specific equipment in today's marketplaces, Research residual value of specific equipment makes and models, Discover where equipment and trucks for specific industries are in demand, Compare selling prices of equipment based on make, model, year or even location. 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. Report Job. Second Quarter 2022 Earnings Conference Call. Ritchie Bros. is so efficient, and they get your equipment in front of hundreds of thousands of potential equipment buyersits hard to beat! Conference call and webcast details are available at the following link:https://investor.ritchiebros.com. 78 weekly online auctions. Save my name, email, and website in this browser for the next time I comment. Upcoming auctions; Auction results; Search over 93,979 items in inventory. 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). Required fields are marked *. You must click the activation link in order to complete your subscription. Sell your equipment. Approximately 92% of the equipment in the October 25 28 auction was sold to Canadians, including 61% purchased by Albertans. Search, view and compare equipment selling prices for the past two years, including construction equipment, farm equipment and trucks when you get access to Ritchie . Other Ritchie Bros. Auctioneers offerings. , AB Despite a challenging supply, mix, and pricing environment, the Ritchie Bros. team is executing well, and we are confident in our ability to maintain the momentum.". Achieves full year record GTV of $6.0 billion. A lot is defined as a single asset to be sold, or a group of assets bundled for sale as one unit. , United States, Arran , Canada, Balcarres Brexit. Password Forgot password? : Inventory sales revenue less cost of inventory sold. Report Job. Other costs of services increased 91% year-over-year to $10.6 million mainly due to the acquisition of SmartEquip. Ritchie Bros. Auctioneers GTV is not a measure of financial performance, liquidity, or revenue, and is not presented in the Company's consolidated financial statements. This metric excludes GovPlanet transactions. Our Main Office. Auction Results. Auctions. , AB Measures of liquidity are noted under "Liquidity and Capital Resources". At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. business through its divisions, to receive emails containing news, updates and promotions, including third 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. {0} can only contain letters and numbers. Fourth Quarter and Full Year 2022 Earnings Conference CallRitchie Bros. is hosting a conference call to discuss its financial results for the quarter and year ended December 31, 2022 at 2pm Pacific time / 5pm Eastern time / 10pm GMT on February 21, 2023. , Canada, Grayson , Canada, Brandon Serving a broad range of industries, including construction, mining, over the road trucking, agriculture, government assets, automotive as well as oil and gas, we have conducted successful internet auctions since 1999 and sold more than $4 billion of equipment. , SK Our newsletter is the best way to keep up with all current auctions in your area! Auction results: US$50+ million of equipment sold in Pacific Northwest auction . Subcategory: All Subcategories. Service revenue increased 14% year-over-year driven by higher buyer fees implemented in early 2022 and revenue growth from our Other Services. Service revenue in Q1 2022 increased 19% to $244.9 million. , SK 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. 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. The remaining 8% was purchased by international buyers from as far away as Egypt, Poland, and Vietnam. , BC US $17,000. Ritchie Bros. Auctioneers (http://www.rbauction.com) is the world's largest auctioneer of heavy equipment and trucks. , SK Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. 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. 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"). Documents filed with the SEC and applicable Canadian securities regulatory authorities by Ritchie Bros. (when they are available) will be available free of charge by accessing the website of Ritchie Bros. at investor.ritchiebros.com under the heading Financials/SEC Filings, or, alternatively, by directing a request by telephone or mail to Ritchie Bros. at 9500 Glenlyon Parkway, Burnaby, BC, V5J 0C6, Canada, and documents filed with the SEC by IAA (when they are available) will be available free of charge by accessing IAA's website at investors.iaai.com or by contacting IAA's Investor Relations at investors@iaai.com. Technology. , SK Adjusted EBITDA increased 24% driven by high flow through revenue growth of 24%. , SK Cash provided by operating activities was $463.1 million for 2022. 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 . , SK , CO Add to Watchlist. Serving a broad range of industries, including construction, mining, over the road trucking, agriculture, government assets, automotive as well as oil and gas, we have conducted successful internet auctions since 1999 and sold more than $4 billion of equipment. , Canada, Killam Examples of valid formats would be 000-0000 or 0000000. 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. , Canada, Manitoba 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. Save my name, email, and website in this browser for the next time I comment. We're trusted worldwide because we make buying and selling heavy equipment and trucks easy, efficient, fair, and transparent. Auction Results: US$63+ million of equipment sold in Houston, TX. First sign in or create an account. 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. Thanks to technology and our hardworking teams, its easier than ever to sell equipment from anywhere, which is a huge benefit for our customers.. , SK With our fifth Edmonton, AB auction of the year, we attracted more than 16,500 bidders to compete for 10,000+ items, generating CA$99+ million (US$73+ million) in gross transaction value. $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. , Canada, Salvador Ritchie Bros. - Tipton, CA, USA - Kamis, 22 12 2022. . , AB They have the best marketing, reach the most buyers, and will get you the most money for your equipment. , Canada, North Battleford , Canada, Tangent , Canada, Fox Valley Ritchie Bros. is the world's largest auctioneer of used and unused heavy equipment. 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 , Canada, Rolling Hills How it works Buying Selling . 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. Ritchie Bros. Auctioneers. 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. Forward-looking StatementsThis news release contains forward-looking statements and forward-looking information within the meaning of applicable U.S. and Canadian securities legislation (collectively, "forward-looking statements"), including, in particular, statements regarding future financial and operational results and growth and value prospects and payment of dividends. Thanks to our innovative online platform, we were able to efficiently sell 3,500+ offsite items right alongside the 7,000+ items on display in our Edmonton yard. Keyword: Industry: All Industries. Search, register and bid at Ritchie Bros. auctions around the world on your Android mobile devices! Total number of organizations activated on the Business Inventory Management System increased by 465% year-over-year compared to 2021. , OH The unreserved online auction attracted more than 10,800 online bidders . We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. , Australia, Yorkton , Canada, Kincaid , SK Ritchie Bros. Feb 20, 2023, 07:00 ET. From the onset of the pandemic, Ritchie Bros. has invested to create . Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB October 29, 2022 October 31, 2022. . , Canada, Notre Dame De Lourdes 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. , SK , Canada, Shamrock We conduct hundreds of public equipment auctions around the world each year for the construction, transportation, agricultural, real estate and other industries. Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots". The Registration Statement was declared effective by the SEC on February 10, 2023. , Canada, High Prairie We also had an entire day dedicated to energy-specific equipment.. When the auction yard dust settled, Ritchie Bros. sold more than 11,200 items for US$213 million in the massive six-day event. Our latest changes to Salvage Sale were designed to improve user experience, as well as grant more exposure to our inventory. February 27, 2023. , Canada, Steelman , Canada, Taylor The company's Forward Dividend Ratio is 1.08, with its dividend yield at 1.83%. Investors should read the joint proxy statement/prospectus carefully before making any voting or investment decisions. We continue to see strong demand for late-model, low-hour equipment and trucks, said Nicolas Agudelo, Regional Sales Manager, Ritchie Bros. Even with tight supply, our Fort Worth event offered a diverse selection of equipment catering to buyers from a variety of industries.. , AB You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. , Canada, Wetaskiwin , Canada, Roblin $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. , Canada, Hilda , SK Please see contact us , Canada, Teulon Revenue totalled US$443.9 million for the quarter, up from $359.4 million a year earlier. 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 .
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