IAA - Earnings announcements

Vontobel Asset Management, Which Owns 2.15% of Ritchie Bros. Shares, is Yet Another Ritchie Bros. Shareholder to Publicly Support the IAA Acquisition VANCOUVER, BC, March 3, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros.") today issued the following statement regarding the support it is receiving from many shareholders, including among the Company's largest shareholders, as well as industry analysts regarding the acquisition of IAA, Inc. (NYSE:IAA) ("IAA"): Vontobel Asset Management, which owns 2.15% of Ritchie Bros. shares, has joined many other Ritchie Bros.' shareholders, including a number of our largest shareholders, in publicly supportin

Details Compelling Strategic and Financial Benefits of IAA Acquisition and Significant Value Creation Opportunities  Highlights Positive Market Reaction to IAA Acquisition, Amended Agreement and Starboard Investment Urges Shareholders Not to Be Misled by Luxor's Factually Inaccurate and Fundamentally Flawed Analysis VANCOUVER, BC, Feb. 22, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros.") today announced that the Company has mailed a letter to shareholders in connection with its Special Meeting of Shareholders related to the acquisition of IAA, Inc. (NYSE:IAA) ("IAA"). The Special Meeting is scheduled for March 14, 2023. Ritchie Bros. sharehol

Fiscal 2022 Revenue Growth of 14.2% to $2.1 Billion; Continued Revenue Per Unit Strength IAA, Inc. (NYSE:IAA) today announced its financial results for the fourth quarter and full year fiscal 2022, which ended January 1, 2023. John Kett, Chief Executive Officer and President, stated, "Throughout fiscal 2022 we remained focused on executing against our objectives while continuing to operate in a dynamic macro environment which presented both tailwinds and headwinds across the salvage industry. I am proud of our team's accomplishments as we focused on delivering strong results across the most critical metrics for our customers, while continuing to enhance our offering through investments in

IAA, Inc. (NYSE:IAA) today announced preliminary, unaudited financial results for the fourth quarter and full year fiscal 2022, which ended January 1, 2023. For the year ended on January 1, 2023, the Company expects the following: Gross Transaction Value ("GTV")1 of approximately $8.3 Billion Consolidated Revenue of approximately $2.1 Billion Net Income of $288 Million to $291 Million Adjusted EBITDA of $536 Million to $540 Million Net Debt of approximately $961 Million For the quarter ended on January 1, 2023, the Company expects the following: GTV1 of approximately $2 Billion Consolidated Revenue of approximately $524 Million Net Income of $74 Million to $77 Million A

IAA, Inc. (NYSE:IAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it intends to release its financial results for the fourth quarter and full year fiscal 2022 after market close on Tuesday, February 21, 2023. About IAA IAA, Inc. (NYSE:IAA) is a leading global marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology and focusing on innovation, IAA's unique platform facilitates the marketing and sale of total-loss, damaged and low-value vehicles for a full spectrum of sellers. Headquartered near Chicago in Westchester, Illinois, IAA has nearly 4,500 employees and more than 210 facilities throughout the U.S., Canada and

Amended Agreement Unanimously Approved by the Ritchie Bros. and IAA Boards Following Engagement with a Cross-Section of Shareholders New Investor Presentation Released Highlighting the Pending Merger's Significant Potential Value Creation Opportunities, Which Includes an Estimated Total of $350 Million to $900 Million in EBITDA Growth Opportunities Proposed Transaction Now Supported by Ancora, a Top Shareholder of IAA, and Starboard Value, Which Has Agreed to Make a Sizable Investment in Ritchie Bros. Investor Conference Call Scheduled for 8:00 A.M. Eastern Time Today VANCOUVER, BC and WESTCHESTER, Ill., Jan. 23, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA

Q3 Revenue Growth of 18.3% to $497.5 Million; Continued Revenue Per Unit Strength Separately Announces IAA, Inc. to be Acquired by Ritchie Bros. Auctioneers Incorporated IAA, Inc. (NYSE:IAA) today announced its financial results for the third quarter of fiscal 2022, which ended October 2, 2022. John Kett, Chief Executive Officer and President, stated, "Our third quarter results reflect the continuation of mixed industry trends as the benefit from increases in revenue per unit were largely offset by volume and cost related headwinds, particularly in the U.K. With that said, we are encouraged by the progress we are seeing with a number of insurance selling partners in the U.S. Most recentl

Combines Highly Complementary Businesses Operating in Adjacent Verticals to Unlock Accelerated Growth Accelerates Scale and Diversifies Business Through Expansion into the Growing and Resilient Vehicle Market with a Proven Leader and Pro Forma LTM1 Gross Transaction Value of Approximately $14.5 Billion Expected to be Accretive to Adjusted Earnings Per Share Post-Close and to Achieve $100 to $120+ Million in Annual Run-Rate Cost Synergies by the End of 2025 Stock and Cash Transaction Valued at Approximately $7.3 Billion Companies to Host Conference Call at 8:00 A.M. Eastern Time Today to Discuss Transaction and Ritchie Bros.' Third Quarter 2022 Financial Results VANCOUVER, BC and WESTCHESTER,

IAA, Inc. (NYSE:IAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it intends to release its financial results for the third quarter of fiscal 2022 before market open and host a conference call at 9:00 a.m. Eastern Time on Thursday, November 10, 2022. A live audio webcast of the conference call will be available online at https://investors.iaai.com/. A recorded replay will be available within two hours of the conclusion of the call and will be accessible online at https://investors.iaai.com/ for one year. About IAA IAA, Inc. (NYSE:IAA) is a leading global digital marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technolo

Q2 Revenue Growth of 16.9% to $520.3 Million; Continued Revenue Per Unit Strength Updates Full-Year 2022 Outlook IAA, Inc. (NYSE:IAA) today announced its financial results for the second quarter of fiscal 2022, which ended July 3, 2022. John Kett, Chief Executive Officer and President, stated, "We continue to navigate a dynamic macro environment as reflected in our second quarter results. Our topline performance continued to benefit from solid revenue per unit trends as well as progress against our strategic initiatives, and as expected, profitability was impacted by inflationary pressures and industry volume headwinds. Despite the evolving environment, I am proud of our team's unwaverin

IAA, Inc. (NYSE:IAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it intends to release its financial results for the second quarter of fiscal 2022 before market open and host a conference call at 9:00 a.m. Eastern Time on Tuesday, August 9, 2022. A live audio webcast of the conference call will be available online at https://investors.iaai.com/. A recorded replay will be available within two hours of the conclusion of the call and will be accessible online at https://investors.iaai.com/ for one year. About IAA IAA, Inc. (NYSE:IAA) is a leading global digital marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology

Delivers Strong Financial Performance Updates Full-Year 2022 Outlook IAA, Inc. (NYSE:IAA) today announced its financial results for the first quarter fiscal 2022, which ended April 3, 2022. John Kett, Chief Executive Officer and President, stated, "I'm very pleased with our strong first quarter results. We experienced another quarter of record proceeds and revenue per unit driven by the benefits from our unique products, services and growing global buyer base, which helped to offset higher costs we are seeing in the current inflationary environment." Mr. Kett continued, "We believe the fundamentals of our industry remain strong, and that our products, services and delivery for our buyer

IAA, Inc. (NYSE:IAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it intends to release its financial results for the first quarter of fiscal 2022 before market open and host a conference call at 9:00 a.m. Eastern Time on Tuesday, May 10, 2022. A live audio webcast of the conference call will be available online at https://investors.iaai.com/. A recorded replay will be available within two hours of the conclusion of the call and will be accessible online at https://investors.iaai.com/ for one year. About IAA IAA, Inc. (NYSE:IAA) is a leading global digital marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology an

Delivers Record 2021 Results Introduces Full-Year 2022 Outlook IAA, Inc. (NYSE:IAA) today announced its financial results for the fourth quarter and full year fiscal 2021, which ended January 2, 2022. John Kett, Chief Executive Officer and President, stated, "We finished the year with a solid fourth quarter performance. Both our initiatives and favorable market conditions resulted in another quarter of record revenue per unit. Our large global buyer network continued to drive significant auction liquidity and the bespoke data analytics we provided to our sellers helped them to maximize their returns." Mr. Kett continued, "Our team worked hard throughout the quarter to assist our sellers

IAA, Inc. (NYSE:IAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it intends to release its financial results for the fourth quarter of fiscal 2021 before market open and host a conference call at 9:00 a.m. Eastern Time on Friday, February 11, 2022. A live audio webcast of the conference call will be available online at https://investors.iaai.com/. A recorded replay will be available within two hours of the conclusion of the call and will be accessible online at https://investors.iaai.com/ for one year. About IAA IAA, Inc. (NYSE:IAA) is a leading global digital marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technolo

Continued Strength in Revenue per Unit; Quarterly Net Income up 24.4% vs. Prior Year Increases Full-Year 2021 Outlook IAA, Inc. (NYSE:IAA) today announced its financial results for the third quarter of fiscal 2021, which ended September 26, 2021. John Kett, Chief Executive Officer and President, stated, "We continued to benefit from the enhancements we have made to our digital platform and service offering as well as record revenue per unit while absorbing higher costs, including costs associated with Hurricane Ida. I am extremely proud of IAA's execution through this catastrophic event, with team members going above and beyond to serve our selling customers. The team's execution was rec

IAA, Inc. (NYSE:IAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it intends to release its financial results for the third quarter of fiscal 2021 before market open and host a conference call at 9:00 a.m. Eastern Time on Tuesday, November 2, 2021. A live audio webcast of the conference call will be available online at https://investors.iaai.com/. A recorded replay will be available within two hours of the conclusion of the call and will be accessible online at https://investors.iaai.com/ for one year. About IAA IAA, Inc. (NYSE:IAA) is a leading global digital marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technolog

Continued Strong Revenue and Net Income, Driven by Record Revenue Per Unit Increases 2021 Outlook; Announces $400 Million Share Repurchase Authorization IAA, Inc. (NYSE:IAA) today announced its financial results for the second quarter of fiscal 2021, which ended June 27, 2021. John Kett, Chief Executive Officer and President, stated, "IAA delivered strong revenue and net income for the quarter, driven by record revenue per unit, fueled by our continued service and technology enhancements as well as favorable macro conditions, including exceptionally high used car pricing. In addition, volumes benefited from the increase in miles driven as a result of the gradual reopening of the economy.

Revenue and Net Income Growth of 15.5% and 62.2%, Respectively, Driven by Continued Strength in Revenue Per Unit Refinances Senior Secured Credit Facility, Resulting in Lower Interest Costs and Increased Liquidity Introduces 2021 Outlook IAA, Inc. (NYSE:IAA) today announced its financial results for the first quarter of fiscal 2021, which ended March 28, 2021. John Kett, Chief Executive Officer and President, stated, "We had a strong start to the year as we delivered record revenue and net income for the first quarter. The primary driver for these results continued to be our revenue per unit performance, which has benefited from strong industry trends as well as our buyer digital transf