ritchie bros auction results
Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. Earnings per share attributable to stockholders: Weighted average number of share outstanding: Condensed Consolidated Balance Sheets(in U.S. dollars $000's, except share data)(Unaudited), Common stock; no par value, unlimited shares authorized, issued and, outstanding shares: 110,881,363 (December 31, 2021: 110,618,049), Condensed Consolidated Statements of Cash Flows(in U.S. dollars $000's)(Unaudited). , Canada, James River Bridge Meter: 2163 Hours. Consolidated results: Total revenue in Q1 2022 increased 19% to $393.9 million. Solid execution from the at-risk team drove a robust 10.9% inventory rate. , Canada, Debert 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 . , Canada, Minitonas In addition, Canada saw an increased volume of inventory sold mainly in the commercial transportation and construction sectors. Measures of liquidity are noted under "Liquidity and Capital Resources". Brexit. , SK The Company's suite of solutions also includes Ritchie Bros. Asset Solutions and Rouse Services LLC, which together provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; plus equipment financing and leasing through Ritchie Bros. Financial Services. 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. The Company uses adjusted EBITDA as a key performance measure because the Company believes it facilitates operating performance comparisons from period to period and provides management with the ability to monitor its controllable incremental revenues and costs. All items were sold without minimum bids or reserve prices. $3.4 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. We also had an entire day dedicated to energy-specific equipment.. , SK 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. Total lots sold It's fast and free. First sign in or create an account. 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. , Canada, Wetaskiwin It's fast and free. , Canada, Congress Our customers in the energy sector benefitted greatly from selling their construction and transportation assets in Fort Worth, with a massive global audience watching. Get Free Auction Results. , Canada, Grayson $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. , Canada, Saskatoon Auction Results. From the onset of the pandemic, Ritchie Bros. has invested to create . No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from, or in a transaction not subject to, such registration requirements. , Mexico, Lake Worth Search IronPlanet's auction results. Account holders can access 24 months of selling prices through Auction Results. Service revenue increased 14% year-over-year driven by higher buyer fees implemented in early 2022 and revenue growth from our Other Services. Inventory sales revenue in Q1 2022 increased 19% to $149.1 million. The unreserved online auction attracted more than 10,800 online bidders . , Canada, Lake Lenore Equipment highlights from Fort Worth included 340+ truck tractors, 115+ excavators, 115+ forklifts, 90+ bucket trucks, 80+ skid steers, as well as cranes, miscellaneous drilling equipment, and so much more. , Canada, Brandon Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. If you experience any issues with this process, please contact us for further assistance. Adjusted Operating Income ReconciliationThe Company believes that adjusted operating income provides useful information about the growth or decline of its operating income for the relevant financial period and eliminates the financial impact of adjusting items the Company does not consider to be part of its normal operating results. 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. Our latest changes to Salvage Sale were designed to improve user experience, as well as grant more exposure to our inventory. 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. Account holders can access 24 months of selling prices through Auction Results. , Canada, Shamrock Auction Results: US$63+ million of equipment sold in Houston, TX. , Canada, Tangent Upcoming auctions; Auction results; Search over 87,427 items in inventory. 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. 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. , Canada, High Prairie Search, register and bid at Ritchie Bros. auctions around the world on your Android mobile devices! Equipment highlights included 330+ truck tractors, 120+ excavators, 40+ dozers, 20+ cranes, as well as directional drilling equipment, hundreds of trailers, and more. Keyword: Industry: All Industries. 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. If you experience any issues with this process, please contact us for further assistance. , AB Required fields are marked *. , MB , SK , WA , MB Report Job. $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. Make: Model: Year: - . 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. , AB Adjusted EBITDA increased 21% driven by strong flow through on revenue growth of 22%, despite inflationary pressures on costs and higher costs relating to investments made for our growth initiatives. Save my name, email, and website in this browser for the next time I comment. , Canada, Western Canada Ritchie Bros. - C I M Charity Auction, USA - Wednesday Jan 18, 2023. : A single asset to be sold, or a group of assets bundled for sale as one unit. $13.6 million share based payments expense. Ritchie Bros. Auctioneers The largest of these events took place in Houston, TX, where we sold US$63+ million of equipment online for approximately 700 consignors. Selling prices of similar items. , Spain, Grande Prairie Get Free Auction Results. 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. Total revenue increased 24% year-over-year to $443.9 million. The company, which keeps its books in U.S. dollars, reported a . , SK *The information collected will be retained in accordance with our privacy statement. 1 and Amendment No. We offer a wide range of unused and used equipment and trucks for sale: $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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Save my name, email, and website in this browser for the next time I comment. , AB , AB Register to bid online. The Registration Statement was declared effective by the SEC on February 10, 2023. Please try again. 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. 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. View All Ritchie Bros. Auctioneers Videos. , Canada, Steelman , SK $0.1 million gain recognized on the disposition of property, plant and equipment. $2.6 million of non-recurring advisory, legal and restructuring costs, which include $1.4 million of terminated and ongoing transaction and legal costs relating to mergers and acquisition activity, $0.7 million of SOX remediation costs relating to efforts to remediate the material weaknesses identified in 2020, and $0.5 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021. , Canada, Fox Valley Search Results Near Norwalk, CT General Store Manager Auto Collision Estimator Neonatal Nurse 8 of the Highest Paying Jobs in Norwalk, CT for 2023 . 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. Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots". New to our site? , Canada, North Battleford INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM S-4 AND THE RELATED JOINT PROXY STATEMENT/PROSPECTUS, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SECAND APPLICABLE CANADIAN SECURITIES REGULATORY AUTHORITIESIN CONNECTION WITH THE PROPOSED IAA TRANSACTION OR INCORPORATED BY REFERENCE IN THE JOINT PROXY STATEMENT/PROSPECTUS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE, BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT Ritchie Bros., IAA AND THE PROPOSED IAA TRANSACTION. Keyword: Industry: All Industries. 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. Examples of valid formats would be 000-0000 or 0000000. , MB 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 . 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"). 2023-01-18 Rabu, 18 01 2023. Investors should read the joint proxy statement/prospectus carefully before making any voting or investment decisions. , Canada, Swan River , Canada, Porcupine Plain 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.