Add to Watchlist. $10.3 million of acquisition-related costs related to the acquisitions of Rouse, and SmartEquip and proposed acquisition of Euro Auctions. $1.1 million of non-recurring advisory, legal and restructuring costs, which include $0.6 million of terminated and ongoing transaction and legal costs relating to mergers and acquisition activity, $0.3 million of 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, and $0.2 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021. 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. Ritchie Bros. and IAA, certain of their respective directors and executive officers and other members of management and employees, and Jeffrey C. Smith and potentially other Starboard employees, may be deemed to be participants in the solicitation of proxies from the stockholders of Ritchie Bros. and IAA in respect of the proposed IAA transaction under the rules of the SEC. , SK IronPlanet is the leading marketplace for the buying and selling of used equipment. , CA $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. Account holders can access 24 months of selling prices through Auction Results. , France, Neilburg {0} can only contain letters and numbers. About this app. GlobalAuctionGuide.com 2001-2023 | Part of the Global Auction Guide Media Group. 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. , Canada, Hazenmore Three-day auction attracted 12,600+ bidders from 65+ countries. VANCOUVER, BC, and WESTCHESTER, Ill. -November 7, 2022 - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA), (the "Company" or "Ritchie Bros.") and IAA, Inc. (NYSE: IAA), today announced that they have entered into a definitive agreement under which Ritchie Bros. will acquire IAA in a stock and cash transaction valued at approximately $7.3 billion including the assumption of . Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots". Ritchie Bros. is the world's largest auctioneer of used and unused heavy equipment. You must click the activation link in order to complete your subscription. , Canada, Abbey We offer a wide range of unused and used equipment and trucks for sale: , Germany, Newnan , SK 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. 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. : A single asset to be sold, or a group of assets bundled for sale as one unit. February 14 - 16 unreserved auction attracted 14,500+ bidders to compete for 6,500+ items. $7.9 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. You can filter the results by year, make, model, type and location. Report Job. 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. : Inventory return divided by inventory sales revenue. $8.4 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. Meter: 2163 Hours. Total revenue increased 24% year-over-year to $443.9 million. , Canada, Zevenbergen GTV increased 9% when excluding the impact of foreign exchange. You must click the activation link in order to complete your subscription. It's fast and free. We're trusted worldwide because we make buying and selling heavy equipment and trucks easy, efficient, fair, and transparent. 2013 Altec AM900-E100 100 ft on 2014 International 7400 6x6 Bucket Truck, 2015 VOLVO VNL64670 6x4 Truck Tractor (T/A), 2016 GENIE GTH-5519 Telescopic Forklift, 2005 STERLING A9500 6x4 Truck Tractor (T/A), 2015 JOHN DEERE 35G Mini Excavator (1 - 4.9 Tons), 2013 FREIGHTLINER CASCADIA 125 6x4 Truck Tractor (T/A), 1999 GMC W4500 Schwarze on COE Street Sweeper, 2006 VOLVO VNL 6x4 Truck Tractor (T/A), 2009 INTERNATIONAL 8600 SBA 6x4 Truck Tractor (T/A), 2009 FREIGHTLINER CASCADIA 125 6x4 Truck Tractor (T/A), 2014 FREIGHTLINER CASCADIA 113 6x4 Truck Tractor (T/A), 1999 PETERBILT 379 6x4 Truck Tractor (T/A), 2017 FORD TRANSIT T-350 H 4x2 Utility Truck, 2016 FORD TRANSIT T-350HD 4x2 Utility Truck, 2006 STERLING 12x4 Super 18 Dump Truck (Quad/A), 2019 MACK GRANITE Truck Tractor (Tri/A), Unused 2022 AGROTK H12 (Unused) Mini Excavator (1 - 4.9 Tons), 2019 INTERNATIONAL LT625 6x4 Truck Tractor (T/A), 2015 FORD F-550 XLT 4x4 Crew Cab Service Truck, 2014 SKYJACK SJ6826 RT Dual Fuel Scissorlift, 2000 PETERBILT 378 6x4 Truck Tractor (T/A), 2016 PETERBILT 579 8x4 Truck Tractor (Tri/A), 2020 MACK GRANITE 10x4 Dump Truck (Quad/A), 2008 CAT 303.5C CR Mini Excavator (1 - 4.9 Tons), 2006 PETERBILT 379 10x4 Dump Truck (Quad/A), 2006 INTERNATIONAL 7700 Deluxe 12x4 Super 18 Dump Truck (Quad/A), 2008 BOBCAT 337G Mini Excavator (1 - 4.9 Tons), 2017 FREIGHTLINER CASCADIA 125 6x4 Truck Tractor (T/A), 2015 FREIGHTLINER CASCADIA 125 6x4 Truck Tractor (T/A), 2014 KENWORTH T370 4x2 Dump Truck (S/A), 2007 MACK CV713 10x4 Dump Truck (Quad/A), 2018 CAT 289D Two-Speed High Flow XPS Compact Track Loader, 2013 INTERNATIONAL 4400 4x2 Truck Tractor (S/A), 2016 FREIGHTLINER CASCADIA 125 6x4 Truck Tractor (T/A), 1997 PETERBILT 379 6x4 Truck Tractor (T/A), 2019 FREIGHTLINER CASCADIA 126 6x4 Truck Tractor (T/A), 2013 FORD F-350 XLT 4x4 Crew Cab Utility Truck, 2011 FORD F-450 Lariat 4x4 Crew Cab Flatbed Truck, 2015 FORD F-750 XLT 4x2 Rollback Truck, 2019 BOBCAT T650 Two-Speed Compact Track Loader, 2012 BOBCAT S650 Two-Speed Skid Steer Loader, 2015 FREIGHTLINER M2 106 4x2 Bed Truck. 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. , Canada, Rouleau $9.6 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. View original content:https://www.prnewswire.com/news-releases/ritchie-bros-reports-fourth-quarter-2022-results-301752127.html. , Canada, Milden You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. , SK Register to bid online. Inventory sales revenue in Q1 2022 increased 19% to $149.1 million. , Canada, South Vienna In 2021, the Company updated the calculation of adjusted operating income to add-back share-based payments expense, all acquisition-related costs (including any share-based continuing employment costs recognized in acquisition-related costs), amortization of acquired intangible assets, and gain or loss on disposition of property, plant and equipment. Create a free account: it's fast, free and gives you full access to our website features. , SK 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. Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. , Canada, Grayson The largest of these events took place in Houston, TX, where we sold US$63+ million of equipment online for approximately 700 consignors. Adjusting items for the year , United States, Dunnigan , SK , Canada, Calgary The remaining 8% was purchased by international buyers from as far away as Egypt, Poland, and Vietnam. $3.8 million share based payments expense. , 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. 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. , Canada, Outlook , Canada, Handel We conduct hundreds of public equipment auctions around the world each year for the construction, transportation, agricultural, real estate and other industries. $14.0 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. , AB , SK $3.0 million of acquisition-related costs related to the acquisition of Rouse. , Canada, Canora {0} must be a valid date of the format YYYY-MM-DD. , SK , AB Located: Mont-Saint-Hilaire, QC. 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. , Canada, Wetaskiwin On an adjusted basis, Ritchie Bros. says it earned 68 cents per diluted share, up from an adjusted profit . 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. $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. Other Services total revenue increased 28% year-over-year to $198.6 million primarily due to stronger performance and execution in RBFS, the addition of SmartEquip and strong growth in Rouse. , MB $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. , SK , SK , United States, Polotitlan , SK {0} must be between {1} and {2} characters. For more information about Ritchie Bros., visit RitchieBros.com. , Canada, Teulon , SK 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). Please refer to pages 14-15 for a summary of adjusting items during the trailing 12months ended December 31, 2022 and December 31, 2021. 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} Ritchie Bros. reports fourth quarter 2022 results, https://www.prnewswire.com/news-releases/ritchie-bros-reports-fourth-quarter-2022-results-301752127.html, Total revenue increased 24% year-over-year to $443.9 million, Service revenue increased 11% year-over-year to $272.5 million, Inventory sales revenue increased 50% year-over-year to $171.3 million, Net income increased 48% year-over-year to $45.3 million, Diluted earnings per share increased 48% year-over-year to $0.40 per share, GTV increased 9% year-over-year to $6.0 billion or 12% year-over-year when excluding the impact of foreign exchange, Total revenue increased 22% year-over-year to $1.7 billion, Service revenue increased 14% year-over-year to $1.1 billion, Inventory sales revenue increased 37% year-over-year to $683.2 million, Net income increased 110% year-over-year to $319.8 million, Diluted earnings per share increased 110% year-over-year to $2.86 per share, Diluted adjusted earnings per share increased 24% year-over year to $2.41 per share, Adjusted EBITDA increased 21% year-over-year to $465.2 million. Your email address will not be published. This news release references non-GAAP measures. 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. Auctions. We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. Select a reason for reporting this job. , AB Get Free Auction Results. 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. Inventory return $2.9 million of acquisition-related costs related to the acquisition of Rouse. 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. , Canada, North Battleford , MB , MB Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB. Ritchie Bros. - C I M Charity Auction, USA - Rabu, 18 01 2023. This increase in mix was mainly driven by our strategic accounts in the United States. 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. , AB , MB Search, register and bid at Ritchie Bros. auctions around the world on your Android mobile devices! Industry. Get inventory updates. Buy used equipment. , AB This item will be selling through a Timed Auction. Ritchie Bros. - Tipton, CA, USA - Kamis, 22 12 2022. . , Canada, Leoville $9.1 million share based payments expense. , Canada, Hilbre Debt / net income was 1.9x for the twelve months ended December 31, 2022. Ive been selling with Ritchie Bros. since 2007 and they always do the best they can to get the most money possible for our equipment.. , Canada, Swan River , Canada, Stony Plain $0.2 million gain recognized on the disposition of property, plant and equipment. How it works Buying Selling . Ritchie Bros. Feb 20, 2023, 07:00 ET. Total lots sold 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. Add to Watchlist. 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. , Canada, Meppen $0.9 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, partially offset by $0.3 million gain on disposition of property, plant and equipment in the quarter. , AB Service revenue as a percent of GTV increased 90 bps year-over-year to 17.6%. , Canada, Langenburg , Canada, Wadena , OH , MD 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. Register to bid online. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. 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. , Canada, Radville Bids per lots sold , SK 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. Get Shipping Quotes. Auction Results. How to bid on this item. Equipment highlights in the October Edmonton auction included 140+ truck tractors, 85+ excavators, 60+ skid steers, 60+ dozers, 25+ pipelayers, forestry equipment, and more. , Canada, Wymark , Canada, The Pas Measures of liquidity are noted under "Liquidity and Capital Resources". All items were sold without minimum bids or reserve prices. $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. 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. In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. , SK $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. , TX 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. . , SK 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. The foregoing list is not exhaustive of the factors that may affect the Company's forward-looking statements. $1.5 million of non-recurring advisory, legal and restructuring costs, which include $1.1 million of terminated and ongoing transaction and legal costs relating to mergers and acquisition activity, $0.3 million of severance and retention costs in connection with the restructuring of our information technology team during the first quarter of 2022 driven by our strategy to build a new digital technology platform, and $0.1 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021. First sign in or create an account. The following table reconciles adjusted net income attributable to stockholders and diluted adjusted EPS attributable to stockholders to net income attributable to stockholders and diluted EPS attributable to stockholders, which are the most directly comparable GAAP measures in the consolidated financial statements. Support Contact us Frequently Asked . , SK , Canada, Colgate , SK /selling/sell-now Whether you have one piece of equipment, a fleet of trucks or an entire farm to sell, we can turn your valuable assets into cash - quickly, efficiently and for the best possible returns. , Canada, Stump Lake 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.. It's fast and free. 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 . Updated within 24 hours of the end of an auction. Operating margins came in at . 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. 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 . $3.4 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. , Canada, Elm Creek , Canada, Congress
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