Inventory Down, Sales Dip at Rocky Mountain

Equipment inventory at Rocky Mountain dealerships declined by 12.4 percent in 2016, surpassing the company’s targeted reduction for the year.

Sales declined by 4.6 percent.

The consolidation of the company’s industrial distribution network and realignment of cost structure led to an 11.3 percent reduction in selling, general and administrative expenses, which improved net earnings.

“We have achieved our 2016 objective of rebalancing our business to align it with prevailing market conditions,” said President and CEO Garrett Ganden.