ritchie bros auction results

Remember me. Ritchie Bros. Feb 20, 2023, 07:00 ET. , MB Ritchie Bros Auctioneers Incorporated : Earnings Document 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. 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. , United States, North East 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. You may obtain free copies of these documents from Ritchie Bros. or IAA free of charge using the sources indicated above. $13.6 million share based payments expense. Examples of valid formats would be 000-0000 or 0000000. , SK Add to Watchlist. , Canada, Grayson , MB The increase was also due to higher operating income and a lower effective tax rate, partially offset by $9.7 million primarily relating to higher interest expense from our 2021 Notes and a loss on redemption. Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB October 29, 2022 October 31, 2022. . 2018 Western Star 5700 For Sale (52292762) from Ritchie Bros The December 13 - 15 Fort Worth auction attracted more than 12,600 registered bidders from 65+ countries, which is new . , NS VANCOUVER - Ritchie Bros. Auctioneers Inc. reported its fourth-quarter profit and sales were up compared with a year earlier. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. , ON , Canada, Stockholm : Inventory return divided by inventory sales revenue. The company sells a range of used and unused commercial assets, including earthmoving equipment, truck . Cookie Preferences. Create a free account: it's fast, free and gives you full access to our website features. 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. , United States, Wilkie Understanding Ritchie Bros. Auctioneers Incorporated (NYSE: RBA)'s IronPlanet - Auction Results Make: Model: Year: - . There can be no assurance that forward-looking statements will prove to be accurate, and actual results may differ materially from those expressed in, or implied by, these forward-looking statements. , Canada, Saskatoon , SK party promotions, as well as product and/or service information, including that of third parties, that , United States, Dunnigan GlobalAuctionGuide.com 2001-2023 | Part of the Global Auction Guide Media In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. , AB 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. We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. It's fast and free. 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 . A&M service revenue increased 12% year-over-year to $852.0 million with A&M take rate increasing 40 basis points to 14.1% driven by higher buyer fees implemented in early 2022. IronPlanet is the leading marketplace for the buying and selling of used equipment. (All figures are presented in U.S. dollars), "Ritchie Bros. delivered outstanding bottom line performance in 2022 with record $6.0 billion in GTV," said Ann Fandozzi, CEO of Ritchie Bros. "These results reflect the high bar we set for execution for our team and a strong focus on delivering value for our customers. Ritchie Bros. Auctioneers - Ritchie Bros. sells US$244+ million of The foregoing list is not exhaustive of the factors that may affect the Company's forward-looking statements. , SK , Canada, Leask 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. Our Main Office. Adjusted EBITDAThe Company believes adjusted EBITDA provides useful information about the growth or decline of its net income when compared between different financial periods. , Canada, Schuler , SK , MB 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} , Canada, Balcarres $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. Ritchie Bros. Auctioneers (http://www.rbauction.com) is the world's largest auctioneer of heavy equipment and trucks. $6.6 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse. From the onset of the pandemic, Ritchie Bros. has invested to create . ended December 31, 2022 were: Adjusting items for the year ended December 31, 2021 were: This news release is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. $5.6 million share based payments expense. Easy-to-use, self-serve interface, automatic inventory upload. , QC , SK , Canada, Rolling Hills SalvageSale 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. Ritchie List - Heavy Equipment, Machinery & Truck Listings $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. Net income increased 48% year-over-year to $45.3 million as a result of strong growth in operating income, higher interest income from a rise in interest rates and a lower effective tax rate. , Canada, Colonsay Selling prices of similar items. Past Heavy Equipment Auctions | Ritchie Bros. Auctioneers , Canada, Brandon Other Services selling, general and administrative expenses increased 29% year-over-year to $20.3 million due to higher labor costs from investments made for our growth initiatives in RBFS and Rouse, and the inclusion of SmartEquip. 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. 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. , Canada, Longmont We also had an entire day dedicated to energy-specific equipment.. {0} must be a valid date of the format YYYY-MM-DD. 2003 Mack CH613 6x4 T/A Day Cab Truck Tractor | Ritchie Bros. Auctioneers , AB , Canada, Manor Adjusted EBITDA increased 24% driven by high flow through revenue growth of 24%. , Canada, Perris When you work with Ritchie Bros. everything is first class, said Cortney Laney, Vice President & Chief Operating Officer for MDS Boring & Drilling. , Canada, Gilbert Plains , AB How to check equipment & truck auction results on rbauction.com Used Heavy Equipment for Sale | Heavy Equipment Auctions | Ritchie Bros , SK Adjusted operating income represents operating income excluding the effects of adjusting items. Key Operating MetricsWe regularly review a number ofmetrics, including the following key operating metrics, to evaluate our business, measure our performance, identify trends affecting our business, and make operating decisions. , SK Past Heavy Equipment Auctions | Ritchie Bros. Auctioneers , Mexico, Lake Worth , AB We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. $2.9 million of acquisition-related costs related to the acquisition of Rouse. Used Heavy Equipment for Sale | Heavy Equipment Auctions | Ritchie Bros The remaining 17% of the equipment . , Canada, Carievale If you have equipment to consign, please contact us today! Make: Model: Year: - . , United States, Mont Saint Hilaire , Canada, Steelman Filter. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. You must click the activation link in order to complete your subscription. , MB The company's Forward Dividend Ratio is 1.08, with its dividend yield at 1.83%. for more information. , SK Adjusted operating income enhances the Company's ability to evaluate and understand ongoing operations, underlying business profitability, and facilitate the allocation of resources. Ritchie Bros. is so efficient, and they get your equipment in front of hundreds of thousands of potential equipment buyersits hard to beat! , Canada, Somerset HOUSTON, Feb. 20, 2023 /PRNewswire/ - With its first Houston, TX . 2016 Western Star 4900 For Sale (52293209) from Ritchie Bros Our Main Office. , MB 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. These adjustments in 2021 have been applied retrospectively to all periods presented, as applicable. 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. , AB 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. This item will be selling through a Timed Auction. , Canada, Radville , MB Ritchie Bros. is hosting a conference call to discuss its financial results for the quarter ended June 30, 2021 at 8am Pacific time / 11 am Eastern time / 4pm GMT on August 6, 2021. Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. Keyword: Industry: All Industries. 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. , Italy, Chilliwack About Us | Ritchie Bros. Auctioneers Your email address will not be published. US$244+ million of equipment sold in our 2023 Premier Global Auction in Orlando, FL. , TX Solid execution from the at-risk team drove a robust 10.4% inventory rate. Investors should read the joint proxy statement/prospectus carefully before making any voting or investment decisions. 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. Subscribe by clicking on the button below. Inventory return increased 56% year-over-year to $17.8 million due to higher volume of inventory deals, driven primarily by the rental sector within our strategic accounts in the United States. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. 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. Sign in to your account | Ritchie Bros. Auctioneers Service revenue in Q1 2022 increased 19% to $244.9 million. , Canada, Stump Lake , SK , CO , Canada, Manitoba

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