Ritchie Bros. Feb 20, 2023, 07:00 ET. , Canada, Killam Construction Equipment Guide 470 Maryland Drive Fort Washington, PA 19034 800-523-2200 Equipment highlights in the October Edmonton auction included 140+ truck tractors, 85+ excavators, 60+ skid steers, 60+ dozers, 25+ pipelayers, forestry equipment, and more. Adjusted EBITDAThe Company believes adjusted EBITDA provides useful information about the growth or decline of its net income when compared between different financial periods. , SK Account holders can access 24 months of selling prices through Auction Results. 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. How it works Buying Selling . Marketplace-E. How it works . Equipment highlights included 330+ truck tractors, 120+ excavators, 40+ dozers, 20+ cranes, as well as directional drilling equipment, hundreds of trailers, and more. Conference call and webcast details are available at the following link:https://investor.ritchiebros.com. Account holders can access 24 months of selling prices through Auction Results. , Canada, Las Vegas Ritchie Bros. Auctioneers Equipment For Sale. This news release references non-GAAP measures. , SK $2.0 million of acquisition-related costs primarily relating to the share-based continuing employment costs for the acquisitions of Rouse and SmartEquip. 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. 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. : Represents total proceeds from all items sold at the Company's auctions and online marketplaces. The company's Forward Dividend Ratio is 1.08, with its dividend yield at 1.83%. , MB Ritchie Bros. is hosting a conference call to discuss its financial results for the quarter ended June 30, 2022 at 8am Pacific time . It's fast and free. , Canada, Steelman Ritchie Bros. is the world's largest auctioneer of used and unused heavy equipment. , Canada, Chehalis Adjusted EBITDA increased 24% driven by high flow through revenue growth of 24%. Auction Results: US$63+ million of equipment sold in Houston, TX. New to our site? {0} must be must be greater than 2 characters or be entered as "GD". The unreserved online auction attracted more than 10,800 online bidders from 63 countries. Filter. When you work with Ritchie Bros. everything is first class, said Cortney Laney, Vice President & Chief Operating Officer for MDS Boring & Drilling. Auction results News . 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. Online Auction. The foregoing list is not exhaustive of the factors that may affect the Company's forward-looking statements. Inventory sales revenue in Q1 2022 increased 19% to $149.1 million. Group. 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. 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.. See the equipment prices. We sold more than 450 items in last weeks Houston auction and were extremely happy with the results. $7.5 million share based payments expense. February 14 - 16 unreserved auction attracted 14,500+ bidders to compete for 6,500+ items. $9.6 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. 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. 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. $8.2 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. 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. Our Main Office. , Canada, Oakbank , Canada, Teulon ", In addition, Eric Jacobs, CFO of Ritchie Bros. added, "we are pleased with our continued strong financial performance in the fourth quarter. At Ritchie Bros. Auctioneers, we promise to treat your data with respect and will not share your information with any third party. Operating in a number of sectors, including construction, commercial transportation, agriculture, energy, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Ritchie List, a self-serve listing service for North America; Mascus, a leading European online equipment listing service; Ritchie Bros. , Canada, Colonsay {0} is an invalid phone number format. Operating margins came in at . 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. 22,600+ bidders competing for 13,300+ items Last week we sold 13,300+ equipment items, trucks, and vehicles at our Premier Global. 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. Cookie Preferences. : Inventory return divided by inventory sales revenue. Sell your equipment 3 3 (Day {0} of {1}) Sold for {0} on {1} {2} in {3} Selling today {0} in {1} Selling on {0} {1} in {2} 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"). , ON 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. Easy-to-use, self-serve interface, automatic inventory upload. Search, register and bid at Ritchie Bros. auctions around the world on your Android mobile devices! 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} Adjusted operating income represents operating income excluding the effects of adjusting items. Auction Results: US$71+ million of equipment sold in Fort Worth, TX. 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. We're trusted worldwide because we make buying and selling heavy equipment and trucks easy, efficient, fair, and transparent. 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. Sort by: Type. $9.1 million share based payments expense. , Canada, Reston , Canada, Calgary Address Norwalk, CT. 06851 USA. {0} can only contain letters, numbers, dash (-) and dot (.). , Canada, Somerset , SK Subcategory: All Subcategories. Fourth Quarter Financial and Business Metric Highlights1: Gross transaction value ("GTV") 1 increased 6% year-over-year to $1.5 billion or 9% year-over-year when excluding the impact of foreign exchange. , United States, Ocana Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. Ritchie Bros. is the world's largest auctioneer of used and unused heavy equipment.We conduct hundreds of public equipment auctions around the world each year for the construction, transportation, agricultural, real estate and other industries.Bidding is open, transparent and fair no minimum bids, and no reserve prices. $2.9 million of acquisition-related costs related to the acquisition of Rouse. 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". , SK By providing your email address below, you are providing consent to Ritchie Bros. Auctioneers to send you the requested Investor Email Alert updates.
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