Auction results News . /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. $5.4 million share based payments expense. Muskrat Falls auction helps break new regional sales record for Ritchie Bros. 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. Ritchie Bros. sells 13,300+ items for US$244+ million in its 2023 Premier Global Auction in Orlando, FL (CNW Group/Ritchie Bros.) The February 20 - 24, 2023 auction attracted 22,600+ people from . More ways to buy from all over the world. Richie Brothers Auctions - IronPlanet Search, register and bid at Ritchie Bros. auctions around the world on your Android mobile devices! February 14 - 16 unreserved auction attracted 14,500+ bidders to compete for 6,500+ items. Items were sold for close to 700 consignors, including Fort Worth-based land clearing company Thelin Recycling Co. We got a lot more for our equipment than we expected, said Bill Taylor, Equipment Manager for Thelin Recycling. 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. {0} can only contain letters and numbers. , Spain, Grande Prairie , Italy, Chilliwack Containers (2267) Excavator Attachments (2086) Industrial and Construction Supplies (2502) Other (4351 . Ritchie Bros. sells $213 million of equipment in sweeping six-day In addition, Canada saw an increased volume of inventory sold mainly in the commercial transportation and construction sectors. , MB Inventory rate , SK Service revenue as a percent of GTV increased 80 bps year-over-year to 17.4%. Filter. Solid execution from the at-risk team drove a robust 10.4% inventory rate. , SK 2018 Western Star 5700 For Sale (52292762) from Ritchie Bros Cat C-12 Diesel Engine, 2001 US EPA Label, 31980 Engine hrs, Engine Brake, Eaton Fuller FRO-16210C Manual Transmission, 16000 lb Front Axle, 40000 lb Rears, 56000 lb GVWR, Air Ride Cab, Aluminum Wheels, 385/65R22.5 Front Tires, 11R24.5 Rear Tires, Rubber Suspension, 226 in Wheelbase, PTO, 0 ft 203 in Long x 0 ft 62 in High Steel Body, Round Bottom . Ritchie Bros. Auctions. , Canada, Wymark Ritchie Bros. Auctioneers - Ritchie Bros. sells US$244+ million of Online Auction. When the auction yard dust settled, Ritchie Bros. sold more than 11,200 items for US$213 million in the massive six-day event. $0.2 million gain recognized on the disposition of property, plant and equipment. Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots". , CO If you have equipment to consign, please contact us today! {0} must be a valid date of the format YYYY-MM-DD. 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 . , AB Other costs of services increased 91% year-over-year to $10.6 million mainly due to the acquisition of SmartEquip. business through its divisions, to receive emails containing news, updates and promotions, including third , Canada, Wetaskiwin , AB , SK $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. $4.5B in gross transactional value: one of the world's largest sellers of used equipment on-site and online. 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. First sign in or create an account. 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. (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. , Canada, Salvador , Canada, Killam , Canada, Roblin , NV , Canada, Leoville , Canada, Moosomin Examples of valid formats would be 000-0000 or 0000000. 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. 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. The unreserved online auction attracted more than 10,800 online bidders from 63 countries. Service revenue in Q1 2022 increased 19% to $244.9 million. , AB Bids per lots sold Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. These adjustments in 2021 have been applied retrospectively to all periods presented, as applicable. 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. You must click the activation link in order to complete your subscription. Operating margins came in at . Your email address will not be published. A free account gives you access to all the features of rbauction.com: We have encountered a server error. Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. Total number of organizations activated on the Business Inventory Management System increased by 465% year-over-year compared to 2021. Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB October 29, 2022 October 31, 2022. . : Inventory sales revenue less cost of inventory sold. Ritchie Bros. has grown from a small-town auctioneer to a global asset management and disposition company. , SK Adjusted net debt/Adjusted EBITDA is calculated by dividing adjusted net debt by adjusted EBITDA. "Ritchie Bros. delivered outstanding bottom line performance in 2022 with record $6.0 billion in GTV," said Ann Fandozzi, CEO of Ritchie Bros. "These results reflect the high bar we set for execution for our team and a strong focus on delivering value for our customers. , Canada, Edgeley , AB Adjusted net debt is calculated by subtracting cash and cash equivalents from short and long-term debt. 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". Required fields are marked *. , Canada, Manitoba , MB Inventory sales revenue increased 50% year-over-year to $171.3 million primarily due to a higher mix of GTV contracted via inventory deals. After submitting your request, you will receive an activation email to the requested email address. In 2021, the Company updated the calculation of adjusted EBITDA to add-back certain adjustments that have been applied retrospectively to all periods presented, as applicable (refer to adjusted operating income reconciliation above). Auction Results. Examples of valid formats would be 000-0000 or 0000000. , Canada, Vegreville , Canada, Perris Ritchie Bros. Auctioneers NYSE:RBA Stock Report - Simply Wall St , Canada, Manor As long as you're connected you can bid. Keyword: Industry: All Industries. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. $14.0 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. After submitting your request, you will receive an activation email to the requested email address. Thanks to technology and our hardworking teams, its easier than ever to sell equipment from anywhere, which is a huge benefit for our customers.. This metric excludes GovPlanet transactions. Other Services selling, general and administrative expenses increased 29% year-over-year to $20.3 million due to higher labor costs from investments made for our growth initiatives in RBFS and Rouse, and the inclusion of SmartEquip. 22,600+ bidders competing for 13,300+ items Last week we sold 13,300+ equipment items, trucks, and vehicles at our Premier Global.

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