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.". 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. , SK , Canada, Hanley , Canada, Langbank 2023 AGROTK B7 No Till Drill (Unused) | Ritchie Bros. Auctioneers 1 and Amendment No. , MB How it works Buying Selling . , AB , MB Located: Mont-Saint-Hilaire, QC. 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. , SK Your email address will not be published. , Australia, Yorkton They have the best marketing, reach the most buyers, and will get you the most money for your equipment. Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services, and private brokerage services. 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. $8.8 million share based payments expense. The unreserved online auction attracted more than 10,800 online bidders from 63 countries. 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. 400+ unreserved onsite auctions with online bidding. (in U.S. dollars $000's, except share and per share data, and percentages), Loss on redemption of the 2021 Notes and certain related interest expense, Adjusted net income attributable to stockholders, Weighted average number of dilutive shares outstanding, Diluted adjusted earnings per share attributable to Stockholders. 2018 Western Star 5700 For Sale (52292762) from Ritchie Bros Auctioneers: Make: Model: Year: - . You may obtain free copies of these documents from Ritchie Bros. or IAA free of charge using the sources indicated above. Service revenue increased 11% year-over-year, driven by solid contribution from both Auctions & Marketplace ("A&M") and positive growth from our Other Services. , Canada, Elm Creek $5.6 million share based payments expense. , Canada, Carievale Ritchie Bros. auction in Houston hits US$61+ million To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Service revenue as a percent of GTV increased 90 bps year-over-year to 17.6%. Support Contact us Frequently Asked . , Canada, Handel $2.3 million of non-recurring advisory, legal and restructuring costs, which include $0.9 million related to 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, $0.5 million of terminated and ongoing transaction and legal costs relating to mergers and acquisition activity, $0.4 million of SOX remediation costs, and $0.6 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021. We conduct hundreds of public equipment auctions around the world each year for the construction, transportation, agricultural, real estate and other industries. Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. 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. Home > Auction Results. | Ritchie Bros. Auctioneers We publish selling prices from our auct. Ritchie Bros. reports fourth quarter 2022 results 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. 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. The February 20 - 24, 2023 auction attracted 22,600+ people from 80+ countries, with approximately 83% of the equipment selling to U.S. buyers, including 18% purchased by Floridians. Cookie Preferences. Selling: Montreal, QC, CAN - Fri, Mar 24. Non-GAAP measures do not have a standardized meaning and are, therefore, unlikely to be comparable to similar measures presented by other companies. IronPlanet is the leading marketplace for the buying and selling of used equipment. Ritchie Bros. Presents Auction Data at Next IED Business Meeting 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. 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. 2016 Western Star 4900 For Sale (52293209) from Ritchie Bros Our newsletter is the best way to keep up with all current auctions in your area! , MB , SK Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. , BC 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. Cat C-12 Diesel Engine, 2001 US EPA Label, 31980 Engine hrs, Engine Brake, Eaton Fuller FRO-16210C Manual Transmission, 16000 lb Front Axle, 40000 lb Rears, 56000 lb GVWR, Air Ride Cab, Aluminum Wheels, 385/65R22.5 Front Tires, 11R24.5 Rear Tires, Rubber Suspension, 226 in Wheelbase, PTO, 0 ft 203 in Long x 0 ft 62 in High Steel Body, Round Bottom . 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. 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. For more information about Ritchie Bros., visit RitchieBros.com. 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. 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. 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. , SK Apply for Financing. Buy used equipment. Inventory sales revenue in Q1 2022 increased 19% to $149.1 million. 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 Please try again. Amortization of acquired intangible assets, Loss (gain) on disposition of property, plant and equipment and related costs, Non-recurring advisory, legal and restructuring costs. , SK Fourth Quarter Financial and Business Metric Highlights1: Gross transaction value ("GTV") 1 increased 6% year-over-year to $1.5 billion or 9% year-over-year when excluding the impact of foreign exchange. 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 . Report Job. , SK for more information. , United States, Mont Saint Hilaire Ritchie Bros. Sells More Than $244MM in Equipment at Auction in Orlando All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. This metric calculates the total number of bids received for a lot divided by the total number of lots sold. , Canada, Stornoway Our customers in the energy sector benefitted greatly from selling their construction and transportation assets in Fort Worth, with a massive global audience watching. , Canada, Congress About Ritchie Bros. Auctioneers About Ritchie Bros. Careers Media Investors Blog Security Center. If you experience any issues with this process, please contact us for further assistance. 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.
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