Service revenue increased 11% year-over-year, driven by solid contribution from both Auctions & Marketplace ("A&M") and positive growth from our Other Services. 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. $0.1 million gain recognized on the disposition of property, plant and equipment. Equipment highlights included 330+ truck tractors, 120+ excavators, 40+ dozers, 20+ cranes, as well as directional drilling equipment, hundreds of trailers, and more. Technology. , MB , Canada, Edgeley , Canada, Hanley , SK , SK Email Auctioneer. 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. /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. The largest of these events took place in Houston, TX, where we sold US$63+ million of equipment online for approximately 700 consignors. (in U.S. dollars $000's, except share and per share data, and percentages), Loss on redemption of the 2021 Notes and certain related interest expense, Adjusted net income attributable to stockholders, Weighted average number of dilutive shares outstanding, Diluted adjusted earnings per share attributable to Stockholders. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. The unreserved online auction attracted more than 10,800 online bidders . $0.2 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 second quarter of 2021. , Canada, Bruno , Canada, Perris , OH 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. Meter: 2163 Hours. 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. , AB Get Shipping Quotes. , Canada, Swan River 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. September 27, 2022. In 2021, the Company updated the calculation of diluted adjusted EPS attributable to stockholders to add-back certain adjustments that have been applied retrospectively to all periods presented, as applicable (refer to adjusted operating income reconciliation above). Ritchie Bros. is so efficient, and they get your equipment in front of hundreds of thousands of potential equipment buyersits hard to beat! The largest of these events took place in Houston, TX, where we sold US$63+ million of equipment online for approximately 700 consignors. Our Main Office. *The information collected will be retained in accordance with our privacy statement. 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. Service revenue in Q1 2022 increased 19% to $244.9 million. Upcoming auctions; Auction results; Search over 87,427 items in inventory. , Canada, Mossleigh After submitting your request, you will receive an activation email to the requested email address. Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB. Please try again. , Canada, Radville 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. , SK The Illinois Equipment Distributors (IED) has invited a representative of Ritchie Bros. Auctioneers to speak to its members at the organization's 2023 kick off business meeting March 23. Easy-to-use, self-serve interface, automatic inventory upload. , Canada, South Vienna 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 . We also had an entire day dedicated to energy-specific equipment.. $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. , Canada, Medford GlobalAuctionGuide.com 2001-2023 | Part of the Global Auction Guide Media Adjusting operating income eliminates the financial impact of adjusting items from operating income, which are significant recurring and non-recurring items that the Company does not consider to be part of its normal operating results, such as share-based payments expense, acquisition-related costs, amortization of acquired intangible assets, management reorganization costs, and certain other items, which the Company refers to as "adjusting items". 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} Buy new and used heavy equipment and trucks for sale at our live unreserved public auctions from your home, office or jobsite. Adjusting items for the year You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. Ritchie Bros. Auctioneers. Please refer to pages 14-15 for a summary of adjusting items for the three months ended December 31, 2022 and December 31, 2021. , SK , SK , Netherlands, Australia 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. Support Contact us Frequently Asked . About Ritchie Bros. Auctioneers About Ritchie Bros. Careers Media Investors Blog Security Center. {0} can only contain letters, numbers, dash (-) and dot (.). , United States, Arran , AB $8.2 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. Inventory management system activations Service revenue increased 14% year-over-year driven by higher buyer fees implemented in early 2022 and revenue growth from our Other Services. VANCOUVER, BC, Aug. 8, 2021 /PRNewswire/ - Ritchie Bros., a leading global asset management, disposition, and services company; and Europe's leading plant and machinery auction house, Euro . 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. Auction Results. , United States, North East Simply select a category and click Search. , Canada, Milden {0} must be between {1} and {2} characters. , SK Ritchie Bros. Feb 20, 2023, 07:00 ET. for more information. Adjusted Net Debt and Adjusted Net Debt/Adjusted EBITDA ReconciliationThe Company believes that comparing adjusted net debt/adjusted EBITDA on a trailing 12month basis for different financial periods provides useful information about the performance of its operations as an indicator of the amount of time it would take to settle both the Company's short and long-term debt. Auction Results: CA$65+ million of equipment sold in Edmonton, AB, 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. , Canada, Bow Island , Canada, Colgate Approximately 92% of the equipment in the October 25 28 auction was sold to Canadians, including 61% purchased by Albertans. , SK After submitting your request, you will receive an activation email to the requested email address. Account holders can access 24 months of selling prices through Auction Results. , United States, View Past , Canada, Stockholm Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. If you experience any issues with this process, please contact us for further assistance. , SK Other Ritchie Bros. Auctioneers offerings. 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. Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. $6.6 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse. , Canada, Wetaskiwin Through our broad global buyer base of registered users, we continue to do what we've done for over a decade: deliver fair market value for equipment. 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. , SK Sell your equipment. Auction results News . , Canada, Kincaid , Canada, Leask , ON Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots". Auction Results: US$63+ million of equipment sold in Houston, TX. Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. $1.1 million gain recognized on the sale of a property in Denver, Colorado. This item will be selling through a Timed Auction. It's fast and free. , Canada, Roblin {0} must be must be greater than 2 characters or be entered as "GD". We will work with you to determine the best way to sell your equipment and market it to our millions of buyers. , Canada, Porcupine Plain , SK This metric excludes GovPlanet transactions. Non-GAAP measures do not have a standardized meaning and are, therefore, unlikely to be comparable to similar measures presented by other companies. , Canada, Wakaw 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. , Canada, Rycroft 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. 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. , Germany, Newnan Selling: Houston, TX, USA - Thu, Apr 13. : Inventory return divided by inventory sales revenue. , Canada, Eston Your email address will not be published. $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. 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. 2023-01-18 Wednesday Jan 18, 2023. . Ritchie Bros. Auctioneers Equipment For Sale. See the equipment prices. The Company has also adjusted for certain non-recurring advisory, legal and restructuring costs. View original content:https://www.prnewswire.com/news-releases/ritchie-bros-reports-fourth-quarter-2022-results-301752127.html. Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. Revenue totalled US$443.9 million for the quarter, up from $359.4 million a year earlier. , United States, St Aubin Sur Gaillon $2.9 million of acquisition-related costs related to the acquisition of Rouse. 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. 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. Adjusted Net Income Attributable to Stockholders and Diluted Adjusted EPS Attributable to Stockholders ReconciliationThe Company believes that adjusted net income attributable to stockholders provides useful information about the growth or decline of the net income attributable to stockholders for the relevant financial period and eliminates the financial impact of adjusting items the Company does not consider to be part of the normal operating results. Make: Model: Year: - . : A single asset to be sold, or a group of assets bundled for sale as one unit. Important Additional Information and Where to Find It. Cash provided by operating activities was $463.1 million for 2022. , Canada, Elm Creek , MB

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