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Adjusted Net Debt and Adjusted Net Debt/Adjusted EBITDA ReconciliationThe Company believes that comparing adjusted net debt/adjusted EBITDA on a trailing 12month basis for different financial periods provides useful information about the performance of its operations as an indicator of the amount of time it would take to settle both the Company's short and long-term debt. , Canada, Shamrock , Canada, Meppen New to our site? , Canada, Evansburg , Canada, Elm Creek for more information. $10.3 million of acquisition-related costs related to the acquisitions of Rouse, and SmartEquip and proposed acquisition of Euro Auctions. , Canada, Glenbush For more information about Ritchie Bros., visit RitchieBros.com. , BC Account holders can access 24 months of selling prices through Auction Results. Ritchie Bros. - C I M Charity Auction, USA - Rabu, 18 01 2023. , Canada, Leoville 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. , Canada, Grimshaw , SK We also had an entire day dedicated to energy-specific equipment.. , SK , SK Service revenue increased 11% year-over-year to $272.5 million. More ways to buy from all over the world. $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. We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. , SK Fourth Quarter Financial and Business Metric Highlights1: Gross transaction value ("GTV") 1 increased 6% year-over-year to $1.5 billion or 9% year-over-year when excluding the impact of foreign exchange. {0} is an invalid phone number format. Copyright 1999-2023 IronPlanet, Inc. All Rights Reserved. This metric excludes GovPlanet transactions. After submitting your request, you will receive an activation email to the requested email address. 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. When the auction yard dust settled, Ritchie Bros. sold more than 11,200 items for US$213 million in the massive six-day event. 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 . 1 and Amendment No. , Canada, Zevenbergen , SK , SK The company sells a range of used and unused commercial assets, including earthmoving equipment, truck . The June 21 - 23 auction attracted more than 10,000 bidders from the 5,900 . Cookie Preferences. Operating in a number of sectors, including construction, commercial transportation, agriculture, energy, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Ritchie List, a self-serve listing service for North America; Mascus, a leading European online equipment listing service; Ritchie Bros. Operating margins came in at . GlobalAuctionGuide.com 2001-2023 | Part of the Global Auction Guide Media $2.0 million of acquisition-related costs primarily relating to the share-based continuing employment costs for the acquisitions of Rouse and SmartEquip. 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. , United States, St Aubin Sur Gaillon , United States, Mont Saint Hilaire , Canada, Fox Valley , Canada, Bow Island It's fast and free. We're the auction expertsand we've been helping people around the world buy and sell with confidence since 1958. , Canada, Bruno June 28, 2022. Your email address will not be published. , AB The Registration Statement includes a joint proxy statement/prospectus which will be sent to the shareholders of Ritchie Bros. and stockholders of IAA seeking their approval of their respective transaction-related proposals. , Canada, Rolling Hills The Company does not consider this to be a measure of its liquidity, which is its ability to settle only short-term obligations, but rather a measure of how well it funds liquidity. Auction Results: 10,000+ items sold for CA$99+ million in Edmonton, AB. We conduct hundreds of public equipment auctions around the world each year for the construction, transportation, agricultural, real estate and other industries. 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. 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 Bros.' Auction Results. The unreserved online auction attracted more than 10,800 online bidders . $14.0 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse. 2020 John Deere 648R (52281852), LOCATED-IN-BUTNER-NC-MD Closing Time: 2023-03-30 04:00:00 PM from Ritchie Bros. Auctioneers , AB 2009 Mack GU813 (52292149), 6 Cylinder 12.7 L Diesel Engine LOCATED-IN-BOLTON-ON, Closing Time: 2023-02-28 11:35:15 AM from Ritchie Bros. Auctioneers Auction results: US$50+ million of equipment sold in Pacific Northwest auction . , NV Last week we conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. , Canada, Schuler Inventory sales revenue increased 37% year-over-year to $683.2 million primarily due to a higher mix of GTV contracted via inventory deals primarily sourced from our United States strategic accounts teams. , AB Ritchie Bros. is hosting a conference call to discuss its financial results for the quarter ended June 30, 2022 at 8am Pacific time . , Canada, Salvador , United States, View Past Here are three of the top sellers from Fort Worth: 2017 Tadano Mantis 15010 75-ton crawler crane US$550,000, 2016 Volvo A40G articulated dump truck US$237,500, Your email address will not be published. , United States, Ocana , SK , Canada, Milden $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. , AB Last week Ritchie Bros. sold 13,300+ equipment items, trucks, and vehicles at its Premier Global Auction in Orlando, FL, generating US$244+ million in gross transaction value. , AB Inventory management system activations HOUSTON, Feb. 20, 2023 /PRNewswire/ - With its first Houston, TX . , SK , WA $8.8 million share based payments expense. Online Auction. Revenue totalled US$443.9 million for the quarter, up from $359.4 million a year earlier. : Number of organizations activated on IMS. Online Auction. Ritchie Bros. sells 13,300+ items for US$244+ million in its 2023 Premier Global Auction in Orlando, FL (CNW Group/Ritchie Bros.) The February 20 - 24, 2023 auction attracted 22,600+ people from . , SK , Canada, Wadena 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.
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