ritchie bros auction results

IronPlanet is the leading marketplace for the buying and selling of used equipment. Nisku About this app. , Canada, Moosomin 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. Solid execution from the at-risk team drove a robust 10.9% inventory rate. , Canada, Young $6.2 million share based payments expense. Service revenue as a percent of GTV increased 80 bps year-over-year to 17.4%. 2001 Kenworth T800 6x4 T/A Dump Truck . $0.1 million gain recognized on the disposition of property, plant and equipment. Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB October 29, 2022 October 31, 2022. . , Canada, Western Canada , Canada, Leoville $7.9 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. $2.0 million of acquisition-related costs primarily relating to the share-based continuing employment costs for the acquisitions of Rouse and SmartEquip. 2018 Western Star 5700 For Sale (52292762) from Ritchie Bros $0.2 million gain recognized on the disposition of property, plant and equipment. Total number of organizations activated on the Business Inventory Management System increased by 465% year-over-year compared to 2021. , Canada, Leask 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"). , 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. , Canada, Balcarres Sell your equipment. Equipment highlights included 330+ truck tractors, 120+ excavators, 40+ dozers, 20+ cranes, as well as directional drilling equipment, hundreds of trailers, and more. , Canada, Shamrock Here are three of the biggest sellers in the auction: Your email address will not be published. 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, Canora *The information collected will be retained in accordance with our privacy statement. Ritchie Bros. - Apps on Google Play , Canada, Grimshaw $8.5 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. Auction Results: US$63+ million of equipment sold in Houston, TX You must click the activation link in order to complete your subscription. For more information about Ritchie Bros., visit RitchieBros.com. , United States, Ocana , MB , Canada, Abbey , SK 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Ritchie Bros. Auctioneers: Coming Out Of The Auction June 28, 2022. , AB By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates. Please try again. , Canada, Hussar Ritchie Bros. is the world's largest auctioneer of used and unused heavy equipment. About Ritchie Bros. Auctioneers About Ritchie Bros. Careers Media Investors Blog Security Center. 1 and Amendment No. The Company's suite of solutions also includes Ritchie Bros. Asset Solutions and Rouse Services LLC, which together provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; plus equipment financing and leasing through Ritchie Bros. Financial Services. With the market capitalization of Ritchie Bros. Auctioneers Incorporated currently standing at about $6.71 billion, investors are eagerly awaiting this quarter's results, scheduled for May 08, 2023 - May 12, 2023. , Canada, Rockhaven It's fast and free. Ritchie Bros. Auctioneers Equipment For Sale - IronPlanet $8.2 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. $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. $3.4 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. Sign Me Up Login. In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. Thanks to technology and our hardworking teams, its easier than ever to sell equipment from anywhere, which is a huge benefit for our customers.. Auction results: US$50+ million of equipment sold in Pacific Northwest auction . Burnaby, BC, CA, 1-800-211-XXXX (Click to reveal) The . , BC : A single asset to be sold, or a group of assets bundled for sale as one unit. party promotions, as well as product and/or service information, including that of third parties, that Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. The largest of these events took place in Houston, TX, where we sold US$63+ million of equipment online for approximately 700 consignors. Adjusted Operating Income ReconciliationThe Company believes that adjusted operating income provides useful information about the growth or decline of its operating income for the relevant financial period and eliminates the financial impact of adjusting items the Company does not consider to be part of its normal operating results. {0} is an invalid phone number format. : Represents total proceeds from all items sold at the Company's auctions and online marketplaces. This news release references non-GAAP measures. 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. GlobalAuctionGuide.com 2001-2023 | Part of the Global Auction Guide Media $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. , SK , SK Get the latest Auction Results from Ritchie Bros. About Us | Ritchie Bros. Auctioneers Report Job. Auction Results: US$71+ million of equipment sold in Fort Worth, TX. Cookie Preferences. Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB. February 14 - 16 unreserved auction attracted 14,500+ bidders to compete for 6,500+ items. All items were sold without minimum bids or reserve prices. , SK Bidding is open, transparent and fair no minimum bids, and no reserve prices. 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. , SK

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