$3.4 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. 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. US$244+ million of equipment sold in our 2023 Premier Global Auction in Orlando, FL. Other costs of services increased 91% year-over-year to $10.6 million mainly due to the acquisition of SmartEquip. Make: Model: Year: - . , Canada, Rycroft , Canada, Wymark , Canada, Leoville {0} can only contain letters and numbers. 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. Other Ritchie Bros. Auctioneers offerings. , SK 1 and Amendment No. {0} can only contain letters, numbers, dash (-) and dot (.). Ritchie Bros. Auctions. Add to Watchlist. , Canada, Western Canada $8.5 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. The largest of these events took place in Houston, TX, where we sold US$63+ million of equipment online for approximately 700 consignors. It's fast and free. {0} is an invalid phone number format. We're trusted worldwide because we make buying and selling heavy equipment and trucks easy, efficient, fair, and transparent. Subcategory: All Subcategories. , Canada, Schuler A lot is defined as a single asset to be sold, or a group of assets bundled for sale as one unit. , SK Brexit. 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. Total number of organizations activated on the Business Inventory Management System increased by 465% year-over-year compared to 2021. , Canada, Saskatoon , SK Save my name, email, and website in this browser for the next time I comment. , Canada, Lethbridge Password Forgot password? Bids per lots sold 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 . Industry. The remaining 8% was purchased by international buyers from as far away as Egypt, Poland, and Vietnam. , AB Thanks to our innovative online platform, we were able to efficiently sell 3,500+ offsite items right alongside the 7,000+ items on display in our Edmonton yard. 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 Adjusted EBITDAThe Company believes adjusted EBITDA provides useful information about the growth or decline of its net income when compared between different financial periods. Construction Equipment Guide 470 Maryland Drive Fort Washington, PA 19034 800-523-2200 , Canada, Abbey Our newsletter is the best way to keep up with all current auctions in your area! , Canada, North Battleford 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 . All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. , SK , SK A free account gives you access to all the features of rbauction.com: We have encountered a server error. You can filter the results by year, make, model, type and location. We sold more than 450 items in last weeks Houston auction and were extremely happy with the results. , SK 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.. Subscribe by clicking on the button below. , Canada, Eston 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. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. 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. , WA $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. , MB , AB , SK Inventory rate For the reasons set forth above, you should not place undue reliance on forward looking statements. Adjusting items for the year . 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. , SK , ON , Canada, Tangent Group. , Canada, Longmont , Canada, Brandon Apply for Financing. $0.1 million gain recognized on the disposition of property, plant and equipment. Email address. , Canada, Hilbre 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. , Canada, Glenbush $2.9 million of acquisition-related costs related to the acquisition of Rouse. , Canada, Langbank To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. , SK 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. $9.1 million share based payments expense. Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. , Canada, Hilda , SK , MB We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. Equipment highlights in the October Edmonton auction included 140+ truck tractors, 85+ excavators, 60+ skid steers, 60+ dozers, 25+ pipelayers, forestry equipment, and more. In connection with the proposed IAA transaction, Ritchie Bros. filed with the SEC and applicable Canadian securities regulatory authorities a registration statement on Form S-4 to register the common shares of Ritchie Bros. to be issued in connection with the proposed IAA transaction on December 14, 2022 (the "Initial Registration Statement"), as amended by Amendment No. , SK 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. The company sells a range of used and unused commercial assets, including earthmoving equipment, truck . , Canada, Notre Dame De Lourdes *The information collected will be retained in accordance with our privacy statement. 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, Grayson may be of interest to you, and that you understand you may unsubscribe at any time. {0} must be between {1} and {2} characters. If you have equipment to consign, please contact us today! 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. February 14 - 16 unreserved auction attracted 14,500+ bidders to compete for 6,500+ items. The remaining 17% of the equipment . PR Newswire. , Canada, Watrous Adjusted EBITDA increased 24% driven by high flow through revenue growth of 24%. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. , CA IronPlanet is the leading marketplace for the buying and selling of used equipment. 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").
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