, Canada, Assiniboia Please see contact us 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.. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from, or in a transaction not subject to, such registration requirements. Add to Watchlist. . First sign in or create an account. The replay of the webcast will be available through March 21, 2023. More ways to buy from all over the world. , AB Our Houston yard was very busy leading up to the auction with customers inspecting, testing, and comparing items prior to bidding online, said Chuck Roberson, Regional Sales Manager, Ritchie Bros. As expected, we continue to drive strong pricing for late-model, low-hour equipment and trucks, resulting in a lot of happy consignors., With Ritchie Bros., everything is first class. 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. Last week in Texas, we sold close to 5,000 equipment items and trucks over three days for US$71+ million in gross transaction value, which is up 25% from the same auction last year. You must click the activation link in order to complete your subscription. 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. , SK New York. 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. If you experience any issues with this process, please contact us for further assistance. It's fast and free. , Canada, Langenburg , AB 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. , SK $0.2 million gain recognized on the disposition of property, plant and equipment. $2.0 million of acquisition-related costs primarily relating to the share-based continuing employment costs for the acquisitions of Rouse and SmartEquip. VANCOUVER, BC, Feb. 21, 2023 /CNW/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (the "Company", "Ritchie Bros.", "we", "us", or "our") reported the following results for the fourth quarter, for the three months ended December 31, 2022. It's fast and free. , Canada, Athabasca $1.5 million of non-recurring advisory, legal and restructuring costs, which include $1.1 million of terminated and ongoing transaction and legal costs relating to mergers and acquisition activity, $0.3 million of severance and retention costs in connection with the restructuring of our information technology team during the first quarter of 2022 driven by our strategy to build a new digital technology platform, and $0.1 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021. for more information. , NV , AB 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. Save my name, email, and website in this browser for the next time I comment. , SK Other costs of services increased 91% year-over-year to $10.6 million mainly due to the acquisition of SmartEquip. , SK Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB. In connection with the proposed IAA transaction, Ritchie Bros. filed with the SEC and applicable Canadian securities regulatory authorities a registration statement on Form S-4 to register the common shares of Ritchie Bros. to be issued in connection with the proposed IAA transaction on December 14, 2022 (the "Initial Registration Statement"), as amended by Amendment No. , Canada, Roblin Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. , Canada, Handel , AB , SK Auction Results: US$71+ million of equipment sold in Fort Worth, TX. 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. , Canada, Langbank , CA , Canada, Milden First sign in or create an account. Total lots sold Amortization of acquired intangible assets, Loss (gain) on disposition of property, plant and equipment and related costs, Non-recurring advisory, legal and restructuring costs. , Canada, Rolling Hills $1.1 million gain recognized on the sale of a property in Denver, Colorado. 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). Our Main Office. $3.0 million of acquisition-related costs related to the acquisition of Rouse. Inventory sales revenue increased 50% year-over-year to $171.3 million primarily due to a higher mix of GTV contracted via inventory deals. Our customers in the energy sector benefitted greatly from selling their construction and transportation assets in Fort Worth, with a massive global audience watching. Account holders can access 24 months of selling prices through Auction Results. 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. $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. When you work with Ritchie Bros. everything is first class, said Cortney Laney, Vice President & Chief Operating Officer for MDS Boring & Drilling. 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} 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). 1 and Amendment No. Please try again. , Canada, Bruno Second Quarter 2022 Earnings Conference Call. , AB How to bid on this item. Adjustments for items not affecting cash: Net changes in operating assets and liabilities, Net cash provided by operating activities, Proceeds on disposition of property, plant and equipment, Net cash provided by (used in) investing activities, Proceeds from exercise of options and share option plans, Payment of withholding taxes on issuance of shares, Net increase (decrease) in short-term debt, Effect of changes in foreign currency rates on cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash, end of period. Account holders can access 24 months of selling prices through Auction Results. 2013 JLG 260 MRT Diesel 4x4 Scisso. $0.2 million of non-recurring advisory, legal and restructuring costs relating to retention costs in connection with the restructuring of our information technology team during the year. , SK , Canada, Somerset