, TX , SK may be of interest to you, and that you understand you may unsubscribe at any time. The June 21 23 auction attracted more than 10,000 bidders from the 5,900+ items consigned, with buyers from Texas purchasing approximately 48% of the equipment. {0} can only contain letters and numbers. From the onset of the pandemic, Ritchie Bros. has invested to create . $6.8 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse. View original content:https://www.prnewswire.com/news-releases/ritchie-bros-reports-fourth-quarter-2022-results-301752127.html. We also had an entire day dedicated to energy-specific equipment.. 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. , AB {0} can only contain letters, numbers, dash (-) and dot (.). The company's Forward Dividend Ratio is 1.08, with its dividend yield at 1.83%. , SK Inventory rate We continue to see strong demand for late-model, low-hour equipment and trucks, said Nicolas Agudelo, Regional Sales Manager, Ritchie Bros. Even with tight supply, our Fort Worth event offered a diverse selection of equipment catering to buyers from a variety of industries.. Ritchie Bros. sold more than 13,300 equipment items, trucks and vehicles at its Premier Global Auction in Orlando, FL, generating more than $244 million in gross transaction value. About Ritchie Bros. Auctioneers About Ritchie Bros. Careers Media Investors Blog Security Center. Save my name, email, and website in this browser for the next time I comment. $3.4 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. , SK For the reasons set forth above, you should not place undue reliance on forward looking statements. $1.2 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, and $0.1 million gain on disposition of property, plant and equipment in the quarter. $8.4 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. , SK Adjusted net debt/Adjusted EBITDA is calculated by dividing adjusted net debt by adjusted EBITDA. 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". Cookie Preferences. New to our site? 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 . 2020 John Deere 648R (52281852), LOCATED-IN-BUTNER-NC-MD Closing Time: 2023-03-30 04:00:00 PM from Ritchie Bros. Auctioneers You may obtain free copies of these documents from Ritchie Bros. or IAA free of charge using the sources indicated above. , Canada, Middle Lake You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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 services. , AB Ritchie Bros. and IAA, certain of their respective directors and executive officers and other members of management and employees, and Jeffrey C. Smith and potentially other Starboard employees, may be deemed to be participants in the solicitation of proxies from the stockholders of Ritchie Bros. and IAA in respect of the proposed IAA transaction under the rules of the SEC. Consolidated results: Total revenue in Q1 2022 increased 19% to $393.9 million. This document is not a substitute for the joint proxy statement/prospectus or registration statement or any other document that Ritchie Bros. or IAA may file with the SEC and/or applicable Canadian securities regulatory authorities. , Canada, Fox Valley Ritchie Bros. Auctioneers Sign Me Up Login. , MB Net income increased 48% year-over-year to $45.3 million as a result of strong growth in operating income, higher interest income from a rise in interest rates and a lower effective tax rate. Support Contact us Frequently Asked . Get Free Auction Results. We offer a wide range of unused and used equipment and trucks for sale: To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. On an adjusted basis, Ritchie Bros. says it earned 68 cents per diluted share, up from an adjusted profit . Other Services total revenue increased 11% year-over-year to $50.5 million primarily due to the inclusion of SmartEquip, stronger performance and execution in RBFS, and growth in Rouse. Achieves full year record GTV of $6.0 billion. {0} is an invalid phone number format. Solid execution from the at-risk team drove a robust 10.9% inventory rate. *The information collected will be retained in accordance with our privacy statement. , AB 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. Category: All Categories. , Canada, Hazenmore , SK A lot is defined as a single asset to be sold, or a group of assets bundled for sale as one unit. 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 . , SK 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"). Ritchie Bros. Feb 20, 2023, 07:00 ET. The Registration Statement was declared effective by the SEC on February 10, 2023. You must click the activation link in order to complete your subscription. , AB Please try again. , Germany, Newnan , Canada, Bruno , MB GlobalAuctionGuide.com 2001-2023 | Part of the Global Auction Guide Media , SK /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. Inventory return Three-day auction attracted 12,600+ bidders from 65+ countries. Gain on property, plant and equipment in Q1 2022 was $169.1 million due to a sale of property located in Bolton, Ontario. Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. , Canada, Colonsay , AB , SK Revenue totalled US$443.9 million for the quarter, up from $359.4 million a year earlier. Our Main Office. : Each bid is completed electronically through our real-time online bidding system. This increase in mix was mainly driven by our strategic accounts in the United States. Please try again. , Canada, Stump Lake 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. 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. , SK Ritchie Bros. Auctions. First sign in or create an account. , SK Examples of valid formats would be 000-0000 or 0000000. Approximately 88% of the equipment in the September 20 22 auction was sold to U.S. buyers, including 42% sold to Texans. There can be no assurance that forward-looking statements will prove to be accurate, and actual results may differ materially from those expressed in, or implied by, these forward-looking statements. , SK , CA , Canada, Wetaskiwin Through our family of companies, we help our customers buy and sell a wide range of used and unused equipment for construction, mining, transportation, agriculture, oil & gas, lifting & material handling, forestry & other industries.
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