Ritchie Bros. is hosting a conference call to discuss its financial results for the quarter ended June 30, 2022 at 8am Pacific time . 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. You can sign up for additional alert options at any time. , SK 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. , Canada, Hanley $8.8 million share based payments expense. Ritchie Bros. has grown from a small-town auctioneer to a global asset management and disposition company. 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. , United States, North East Industry. Toronto, February 28, 2023 -- Moody's Investors Service ("Moody's") has confirmed Ritchie Bros. Auctioneers Incorporated's ("RBA") Ba2 corporate family rating (CFR), its Ba2-PD probability of default rating, and its Ba3 senior unsecured rating on its existing notes due 2025, which will be withdrawn once repaid. , Canada, Hussar New York. Meter: 2163 Hours. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Your email address will not be published. , SK Equipment highlights in the October Edmonton auction included 140+ truck tractors, 85+ excavators, 60+ skid steers, 60+ dozers, 25+ pipelayers, forestry equipment, and more. , SK , Canada, Rockhaven 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. , SK , SK Search, register and bid at Ritchie Bros. auctions around the world on your Android mobile devices! , SK Each of Ritchie Bros. and IAA may also file other relevant documents with the SEC and/or applicable Canadian securities regulatory authorities regarding the proposed IAA transaction. If you experience any issues with this process, please contact us for further assistance. Add to Watchlist.
Ritchie Bros. sells US$244+ million of equipment in its 2023 Premier , Australia, Yorkton Solid execution from the at-risk team drove a robust 10.4% inventory rate. $0.7 million of non-recurring advisory, legal and restructuring costs related to SOX remediation costs relating to efforts to remediate the material weaknesses identified in 2020, which has been retrospectively applied to the third quarter of 2021. , Canada, Hilbre , SK Please try again. $2.0 million of acquisition-related costs primarily relating to the share-based continuing employment costs for the acquisitions of Rouse and SmartEquip. Consolidated results: Total revenue in Q1 2022 increased 19% to $393.9 million. Category: All Categories. Brexit. , Canada, Bolton Other Ritchie Bros. Auctioneers offerings. , SK Required fields are marked *. Get Free Auction Results. Subcategory: All Subcategories. , SK In 2018, Ritchie Bros. sold $4.96 billion of used equipment and other assets. , BC On an adjusted basis, Ritchie Bros. says it earned 68 cents per diluted share, up from an adjusted profit . We define our key operating metrics as follows: Gross transaction value
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Understanding Ritchie Bros. Auctioneers Incorporated (NYSE: RBA)'s PR Newswire. Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. , Germany, Newnan Total lots sold
September 27, 2022. 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. 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.
Ritchie Bros. Sells More Than $244MM in Equipment at Auction in Orlando , United States, Ocana , SK , Canada, Lethbridge Account holders can access 24 months of selling prices through Auction Results. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. First sign in or create an account. Auction results News . , Canada, Leask Low value assets are sometimes bundled into a single lot, collectively referred to as "small value lots". 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. , Canada, Edgeley , Canada, Taylor Whether you're buying or selling equipment, it pays to have the latest equipment pricing information.
Support Contact us Frequently Asked . , Canada, Mossleigh $2.6 million of non-recurring advisory, legal and restructuring costs, which include $1.4 million of terminated and ongoing transaction and legal costs relating to mergers and acquisition activity, $0.7 million of SOX remediation costs relating to efforts to remediate the material weaknesses identified in 2020, and $0.5 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021. US$244+ million of equipment sold in our 2023 Premier Global Auction in Orlando, FL. , Canada, Perris Email address. Ritchie Bros. is the world's largest auctioneer of heavy equipment and trucks. Technology. 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 . , AB Our Main Office. $13.6 million share based payments expense. $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. 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. All items were sold without minimum bids or reserve prices. , MB Service revenue increased 11% year-over-year, driven by solid contribution from both Auctions & Marketplace ("A&M") and positive growth from our Other Services. 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.
Plant and Agricultural Machinery | Ritchie Bros. Auctioneers | Ritchie Ritchie Bros. Auctioneers (http://www.rbauction.com) is the world's largest auctioneer of heavy equipment and trucks. , MB Auction Results: US$71+ million of equipment sold in Fort Worth, TX. , Canada, Rouleau The presentation of this financial information, which is not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation of, or as a substitute for, the financial information prepared and presented in accordance with US GAAP.