Easy-to-use, self-serve interface, automatic inventory upload. , SK , Canada, Mossleigh Revenue totalled US$443.9 million for the quarter, up from $359.4 million a year earlier. $1.3 million gain due to the change in fair value of derivatives to manage exposure to foreign currency exchange rate fluctuations on the purchase consideration for the proposed acquisition of Euro Auctions. 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. consent to Glacier Farm Media LP, on its own behalf and on behalf of its affiliates, and carrying on $7.5 million share based payments expense. , Canada, Stornoway 1 and Amendment No. Approximately 88% of the equipment in the September 20 22 auction was sold to U.S. buyers, including 42% sold to Texans. 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. 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. We're trusted worldwide because we make buying and selling heavy equipment and trucks easy, efficient, fair, and transparent. When the auction yard dust settled, Ritchie Bros. sold more than 11,200 items for US$213 million in the massive six-day event. , Canada, Outlook Report Job. 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.". Auctioneers: They have the best marketing, reach the most buyers, and will get you the most money for your equipment. Construction Equipment Guide 470 Maryland Drive Fort Washington, PA 19034 800-523-2200 Amortization of acquired intangible assets, Loss (gain) on disposition of property, plant and equipment and related costs, Non-recurring advisory, legal and restructuring costs. Adjusted net income attributable to stockholders represents net income attributable to stockholders, excluding the effects of adjusting items. Equipment highlights in the October Edmonton auction included 140+ truck tractors, 85+ excavators, 60+ skid steers, 60+ dozers, 25+ pipelayers, forestry equipment, and more. , SK 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. After submitting your request, you will receive an activation email to the requested email address. 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. Adjusted operating income enhances the Company's ability to evaluate and understand ongoing operations, underlying business profitability, and facilitate the allocation of resources. Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. We offer a wide range of unused and used equipment and trucks for sale: , AB $9.1 million share based payments expense. Search IronPlanet's auction results. , SK Here are three of the biggest sellers in the auction: Your email address will not be published. The remaining 12% was sold to international buyers from as far away as Australia, Finland, Israel, and Malaysia. , SK , AB 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. Email Auctioneer. Register to bid online. Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. , Canada, Benito From the onset of the pandemic, Ritchie Bros. has invested to create .
, SK For the reasons set forth above, you should not place undue reliance on forward looking statements. , SK , Canada, Debert October Market Trends dives into aerial equipment, 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. *The information collected will be retained in accordance with our privacy statement. , AB , AB An organization is considered activated on IMS when a customer has signed an annual multi-channel contract and has an IMS instance setup to allow for equipment to be directed to one of our transaction solutions digitally. , MB 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. Password Forgot password? Solid execution from the at-risk team drove a robust 10.9% inventory rate. $8.4 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. 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. , Italy, Chilliwack Ritchie Bros. - C I M Charity Auction, USA - Wednesday Jan 18, 2023. , AB Auctions. , Canada, Lethbridge , Canada, Tangent , SK We also had an entire day dedicated to energy-specific equipment.. , Canada, Colgate , Canada, Handel View All Ritchie Bros. Auctioneers Videos. , OH , Canada, Porcupine Plain 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 . Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. , SK You must click the activation link in order to complete your subscription. , NV , France, Neilburg Other costs of services increased 91% year-over-year to $10.6 million mainly due to the acquisition of SmartEquip. 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. Gain on property, plant and equipment in Q1 2022 was $169.1 million due to a sale of property located in Bolton, Ontario. 2009 Mack GU813 (52292149), 6 Cylinder 12.7 L Diesel Engine LOCATED-IN-BOLTON-ON, Closing Time: 2023-02-28 11:35:15 AM from Ritchie Bros. Auctioneers 400+ unreserved onsite auctions with online bidding. , Canada, Elm Creek If you have equipment to consign, please contact us today! Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots". February 27, 2023. $1.1 million gain recognized on the sale of a property in Denver, Colorado. 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. 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. , Canada, South Vienna 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. Other Ritchie Bros. Auctioneers offerings. Ritchie Bros. - C I M Charity Auction, USA - Rabu, 18 01 2023. In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. , MB , Canada, Stockholm 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. , MB Search Results Near Norwalk, CT General Store Manager Auto Collision Estimator Neonatal Nurse 8 of the Highest Paying Jobs in Norwalk, CT for 2023 . , MB : A single asset to be sold, or a group of assets bundled for sale as one unit. We are excited by the anticipated closing of the IAA acquisition and its expected impact to Ritchie Bros. for years to come. : Represents total proceeds from all items sold at the Company's auctions and online marketplaces. Inventory return
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. The largest of these events took place in Houston, TX, where we sold US$63+ million of equipment online for approximately 700 consignors. . business through its divisions, to receive emails containing news, updates and promotions, including third You must click the activation link in order to complete your subscription. $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.