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Please refer to pages 14-15 for a summary of adjusting items during the three months ended December 31, 2022 and December 31, 2021. Operating margins came in at . , Canada, Stump Lake , Canada, Langenburg (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. Inventory management system activations Consolidated results: Total revenue in Q1 2022 increased 19% to $393.9 million. ended December 31, 2022 were: Adjusting items for the year ended December 31, 2021 were: This news release is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. On August 3, 2022, the Company declared a quarterly cash dividend of $0.27 per common share, payable on September 14, 2022 to shareholders of record on August 24, 2022. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Gain on property, plant and equipment in Q1 2022 was $169.1 million due to a sale of property located in Bolton, Ontario. View All Ritchie Bros. Auctioneers Videos. , Canada, Canora Required fields are marked *. Ritchie Bros. to host Fourth Quarter 2022 Results Earnings Conference Call on February 21st, 2023. Updated within 24 hours of the end of an auction. Please try again. , Canada, Swan River , SK , SK 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. /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. {0} must be must be greater than 2 characters or be entered as "GD". "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 . , OH View options. , Mexico, Lake Worth Upcoming auctions; Auction results; Search over 87,427 items in inventory. , Canada, Langbank (in U.S. dollars $millions, except percentages). , Canada, Watrous Earnings per share attributable to stockholders: Weighted average number of share outstanding: Condensed Consolidated Balance Sheets(in U.S. dollars $000's, except share data)(Unaudited), Common stock; no par value, unlimited shares authorized, issued and, outstanding shares: 110,881,363 (December 31, 2021: 110,618,049), Condensed Consolidated Statements of Cash Flows(in U.S. dollars $000's)(Unaudited). 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. $8.4 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse. , TX Subcategory: All Subcategories. The company's Forward Dividend Ratio is 1.08, with its dividend yield at 1.83%. 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.. Total revenue increased 24% year-over-year to $443.9 million. 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. In 2021, the Company updated the calculation of adjusted operating income to add-back share-based payments expense, all acquisition-related costs (including any share-based continuing employment costs recognized in acquisition-related costs), amortization of acquired intangible assets, and gain or loss on disposition of property, plant and equipment. Account holders can access 24 months of selling prices through Auction Results. /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. PERMISSION TO CONTACT YOU BY EMAIL By providing your e-mail address, you confirm that you are providing Ritchie Bros. has grown from a small-town auctioneer to a global asset management and disposition company. We also had an entire day dedicated to energy-specific equipment.. Email address. , Netherlands, Australia , Canada, Rouleau The unreserved online auction attracted more than 10,800 online bidders from 63 countries. 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. , BC $14.0 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. Ritchie Bros. Auctioneers 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). A free account gives you access to all the features of rbauction.com: We have encountered a server error. : Each bid is completed electronically through our real-time online bidding system. Account holders can access 24 months of selling prices through Auction Results. We offer a wide range of unused and used equipment and trucks for sale: Inventory return increased 56% year-over-year to $17.8 million due to higher volume of inventory deals, driven primarily by the rental sector within our strategic accounts in the United States. Get inventory updates. The June 21 - 23 auction attracted more than 10,000 bidders from the 5,900 . , SK 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 , United States, Jebel Ali Free Zone , Canada, Leoville You may obtain free copies of these documents from Ritchie Bros. or IAA free of charge using the sources indicated above. , Canada, Perris Our latest changes to Salvage Sale were designed to improve user experience, as well as grant more exposure to our inventory. 2023-01-18 Rabu, 18 01 2023. consent to Glacier Farm Media LP, on its own behalf and on behalf of its affiliates, and carrying on Home > Auction Results. Save my name, email, and website in this browser for the next time I comment. Selling: Montreal, QC, CAN - Fri, Mar 24. Your email address will not be published. Search, view and compare equipment selling prices for the past two years, including construction equipment, farm equipment and trucks when you get access to Ritchie . $0.2 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 second quarter of 2021. VANCOUVER, BC, and WESTCHESTER, Ill. -November 7, 2022 - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA), (the "Company" or "Ritchie Bros.") and IAA, Inc. (NYSE: IAA), today announced that they have entered into a definitive agreement under which Ritchie Bros. will acquire IAA in a stock and cash transaction valued at approximately $7.3 billion including the assumption of . Group. Online Auction. , SK The largest of these events took place in Houston, TX, where we sold US$63+ million of equipment online for approximately 700 consignors. Ritchie Bros. Auctions. 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. Inventory return increased 46% year-over-year to $74.7 million due to higher volume of inventory deals sourced, including from our strategic accounts in the United States primarily in the finance and rental sectors.