Rocky Mountain Reports Results
Rocky Mountain Dealerships Inc. reported its financial results for the 3- and 12-month periods ended Dec. 31, 2013.
For the quarter, total revenues declined 3.4% to $290.6 million and used equipment revenues increased 6.5% to $84.9 million. For the year, total revenues increased 4.3% to $1,007.8 million, while equipment inventory decreased $14.8 million.
Matt Campbell, company CEO, said “One of the inherent challenges in the agriculture equipment industry is ensuring that a market exists for used inventory taken in on trade. In 2013, we successfully implemented several sales strategies aimed at moving used equipment inventory. Shifts in overall sales mix ultimately dictate our inventory profile.”