The December 13 - 15 Fort Worth auction attracted more than 12,600 registered bidders from 65+ countries, which is new . : Represents total proceeds from all items sold at the Company's auctions and online marketplaces. , Canada, Hilda Auction Results. US $17,000. Thanks to our innovative online platform, we were able to efficiently sell 3,500+ offsite items right alongside the 7,000+ items on display in our Edmonton yard. If you experience any issues with this process, please contact us for further assistance. 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. $8.8 million share based payments expense. Our customers in the energy sector benefitted greatly from selling their construction and transportation assets in Fort Worth, with a massive global audience watching. , AB We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. , Canada, Eston 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. Your email address will not be published. , Canada, Chehalis The remaining 8% was purchased by international buyers from as far away as Egypt, Poland, and Vietnam. 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.. 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. , AB , Canada, Medford , Australia, Yorkton $169.8 million gain recognized on the disposition of property, plant and equipment of which $169.1 million related to the sale of a property located in Bolton, Ontario. The following table reconciles adjusted operating income to operating income, which is the most directly comparable GAAP measure in the consolidated financial statements. In addition, Canada saw an increased volume of inventory sold mainly in the commercial transportation and construction sectors. 22,600+ bidders competing for 13,300+ items Last week we sold 13,300+ equipment items, trucks, and vehicles at our Premier Global. 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. $8.5 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. , Canada, South Vienna , Canada, Stump Lake After submitting your request, you will receive an activation email to the requested email address. 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. 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. In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. , SK Examples of valid formats would be 000-0000 or 0000000. An organization is considered activated on IMS when a customer has signed an annual multi-channel contract and has an IMS instance setup to allow for equipment to be directed to one of our transaction solutions digitally. 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. : Number of organizations activated on IMS. , Canada, Saskatoon Auctions. , Canada, Bruno $6.8 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse. 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). Register to bid online. When the auction yard dust settled, Ritchie Bros. sold more than 11,200 items for US$213 million in the massive six-day event. Serving a broad range of industries, including construction, mining, over the road trucking, agriculture, government assets, automotive as well as oil and gas, we have conducted successful internet auctions since 1999 and sold more than $4 billion of equipment. : Inventory return divided by inventory sales revenue. , SK Our newsletter is the best way to keep up with all current auctions in your area! , Canada, Bolton , Canada, Tangent $3.0 million of acquisition-related costs related to the acquisition of Rouse. Whether you're buying or selling equipment, it pays to have the latest equipment pricing information. , Canada, Leoville 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. Total number of organizations activated on the Business Inventory Management System increased by 465% year-over-year compared to 2021. , Canada, Moosomin Solid execution from the at-risk team drove a robust 10.9% inventory rate. They have the best marketing, reach the most buyers, and will get you the most money for your equipment. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Upcoming auctions; Auction results; Search over 93,979 items in inventory. Category: All Categories. Upcoming auctions; Auction results; Search over 87,427 items in inventory. The Company has also adjusted for certain non-recurring advisory, legal and restructuring costs. Important Additional Information and Where to Find It. 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. IronPlanet is the leading marketplace for the buying and selling of used equipment. 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). September 27, 2022. Mack E7 6 Cylinder 12 L Diesel 427 hp Engine, 2002 US EPA Label, 18041 Engine hrs, Engine Brake, Eaton Fuller 10-Speed Manual Transmission, Differential Lock, 12000 lb Front Axle, 38000 lb Rears, MACK Drive Axles, 50000 lb GVWR, Air Ride Cab, Aluminum Wheels, 11R24.5 Front Tires, 11R24.5 Rear Tires, Air Ride Suspension, 204 in Wheelbase, PTO, Wet Kit, Air Sliding 5th Wheel, Headache Rack, Dual . 2001 Kenworth T800 6x4 T/A Dump Truck . It's fast and free. Please refer to pages 14-15 for a summary of adjusting items during the trailing 12months ended December 31, 2022 and December 31, 2021. $6.2 million share based payments expense. 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. The company's Forward Dividend Ratio is 1.08, with its dividend yield at 1.83%. 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. New York. , AB , Canada, Grayson , Mexico, Lake Worth Debt / net income was 1.9x for the twelve months ended December 31, 2022. "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 . Make: Model: Year: - . 2013 JLG 260 MRT Diesel 4x4 Scisso. Service revenue in Q1 2022 increased 19% to $244.9 million. (All figures are presented in U.S. dollars), "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, Hazenmore {0} must be a valid date of the format YYYY-MM-DD. $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. , Italy, Chilliwack Adjusted operating income represents operating income excluding the effects of adjusting items. . , Canada, Benito Solid execution from the at-risk team drove a robust 10.4% inventory rate. Here are three of the biggest sellers in the auction: Your email address will not be published. , Canada, Leask A lot is defined as a single asset to be sold, or a group of assets bundled for sale as one unit. Ritchie Bros. Auctioneers (http://www.rbauction.com) is the world's largest auctioneer of heavy equipment and trucks. Report Job. 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. Containers (2267) Excavator Attachments (2086) Industrial and Construction Supplies (2502) Other (4351 . 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.