Cervus Reports 17.8% Gain in Revenues

Cervus Equipment Corp. announced its financial results for the quarter ended March 31, 2014.

Revenue increased by $25.2 million or 17.8% ($15.6 million from the agricultural equipment segment and $9.6 million from the CIT segment). Same-store revenue increased $9.5 million or 6.7% compared to the quarter ended March 31, 2013. The agriculture and CIT segments generated increases in gross margin dollars of $3.17 million and $2.28 million, respectively.

The company operates 56 dealerships in Western Canada, New Zealand and Australia.