It's fast and free. You can sign up for additional alert options at any time. We conduct hundreds of public equipment auctions around the world each year for the construction, transportation, agricultural, real estate and other industries. 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. Buy new and used heavy equipment and trucks for sale at our live unreserved public auctions from your home, office or jobsite. , Canada, Balcarres , Spain, Grande Prairie Get inventory updates. , Canada, Wakaw , SK Please see contact us . Read more. , Canada, Radville You must click the activation link in order to complete your subscription. Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. This item will be selling through a Timed Auction. For more information about Ritchie Bros., visit RitchieBros.com. , SK Save my name, email, and website in this browser for the next time I comment. More ways to buy from all over the world. Three-day auction attracted 12,600+ bidders from 65+ countries. By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. $3.8 million share based payments expense. , QC 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. 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. Our newsletter is the best way to keep up with all current auctions in your area! 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. Net income increased 110% year-over-year to $319.8 million primarily due to the gain of $169.1 million on property, plant and equipment from the sale of the Bolton property. , SK , Netherlands, Australia Buy used equipment. , SK Please refer to pages 14-15 for a summary of adjusting items during the three months ended December 31, 2022 and December 31, 2021. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. , MB View options. , TX 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. $9.6 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. $5.6 million share based payments expense. C I M Charity Auction, USA. , 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. The Registration Statement includes a joint proxy statement/prospectus which will be sent to the shareholders of Ritchie Bros. and stockholders of IAA seeking their approval of their respective transaction-related proposals. Inventory sales revenue increased 50% year-over-year to $171.3 million primarily due to a higher mix of GTV contracted via inventory deals. , Canada, Killam , MB Ritchie Bros. has grown from a small-town auctioneer to a global asset management and disposition company. , SK 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.". Search, register and bid at Ritchie Bros. auctions around the world on your Android mobile devices! Support Contact us Frequently Asked . 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". 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. Auctions. Sell your equipment. This metric excludes GovPlanet transactions. The unreserved online auction attracted more than 10,800 online bidders from 63 countries. , SK Id like to thank Ritchie Bros. and its employees for their professionalism throughout the entire consignment processthey were so friendly, polite, and respectful. Ritchie Bros. next Texas auction will be held at its Fort Worth site, with onsite bidding and events, on June 19 21. Industry. $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. Service revenue in Q1 2022 increased 19% to $244.9 million. , CO $0.2 million gain recognized on the disposition of property, plant and equipment. , SK From the onset of the pandemic, Ritchie Bros. has invested to create . This item will be selling through a Timed Auction. GTV and Selected Condensed Consolidated Financial Information, GTV and Condensed Consolidated Income Statements Fourth Quarter(in U.S. dollars $000's, except share, per share amounts and percentages)(Unaudited), Gain on disposition of property, plant and equipment. Ritchie Bros. to host Fourth Quarter 2022 Results Earnings Conference Call on February 21st, 2023. 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. List inventory and reach more qualified leads than ever before through the strength of Ritchie Bros.' global buyer network and reputation as the leading equipment marketplace. Ritchie Bros. is hosting a conference call to discuss its financial results for the quarter ended September 30, 2022 at 5am Pacific time / 8am Eastern time / 1pm GMT on November 7, 2022. Cookie Preferences. Ritchie Bros. - C I M Charity Auction, USA - Wednesday Jan 18, 2023. You can filter the results by year, make, model, type and location. , SK Get Free Auction Results. Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. Please try again. , Canada, Calgary 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. 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. 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 Bros.' Auction Results. , Canada, Mossleigh , Canada, Colgate 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. For the reasons set forth above, you should not place undue reliance on forward looking statements. Our Main Office. , MB 22,600+ bidders competing for 13,300+ items Last week we sold 13,300+ equipment items, trucks, and vehicles at our Premier Global. Operating margins came in at . Adjusted EBITDA increased 24% driven by high flow through revenue growth of 24%. We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. Bidding is open, transparent and fair no minimum bids, and no reserve prices. 2020 John Deere 648R (52281852), LOCATED-IN-BUTNER-NC-MD Closing Time: 2023-03-30 04:00:00 PM from Ritchie Bros. Auctioneers Adjusted net debt/Adjusted EBITDA is calculated by dividing adjusted net debt by adjusted EBITDA. Subscribe by clicking on the button below. $7.9 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. , MB , AB US$244+ million of equipment sold in our 2023 Premier Global Auction in Orlando, FL. Account holders can access 24 months of selling prices through Auction Results. Adjusted operating income represents operating income excluding the effects of adjusting items. See the equipment prices. 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. Sign Me Up Login. 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. . , MN 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. Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. , MB , Canada, Evansburg , Canada, Grayson
, Canada, Langenburg 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. 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. 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. HOUSTON, Feb. 20, 2023 /PRNewswire/ - With its first Houston, TX . Keyword: Industry: All Industries. 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. , MB , United States, Arran 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. , AB To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Updated within 24 hours of the end of an auction. , Canada, Stornoway Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond the Company's control, including the duration and impact of the COVID-19 pandemic on the Company's operations, the operations of customers, and general economic conditions, including inflation, rising interest rates and foreign exchange rate fluctuation; the numerous factors that influence the supply of and demand for used equipment; economic and other conditions in local, regional and global sectors; the risk that a condition to closing of the Company's pending acquisition of IAA may not be satisfied (or waived), that either party may terminate the merger agreement or that the closing of the proposed IAA transaction might be delayed or not occur at all; the Company's ability to successfully integrate acquired companies including IAA, and to receive the anticipated benefits of such acquisitions; the significant costs associated with the pending IAA transaction; potential business disruption following the public announcement or consummation of the proposed IAA transaction; and the risks and uncertainties set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2022 and our subsequent quarterly reports on Form 10-Q, which are available on the SEC, SEDAR, and Company websites. $1.1 million gain recognized on the sale of a property in Denver, Colorado. , United Arab Emirates, Caorso party promotions, as well as product and/or service information, including that of third parties, that How it works Buying Selling . 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 is not a measure of financial performance, liquidity, or revenue, and is not presented in the Company's consolidated financial statements. , Canada, Tangent , SK Cookie Preferences. , SK After submitting your request, you will receive an activation email to the requested email address. $6.6 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse. Inventory sales revenue in Q1 2022 increased 19% to $149.1 million. 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.