Dealers Release Quarterly Earnings

Rocky Mountain Dealerships Inc. and Cervus Equipment Corp. recently released earnings reports.

At Rocky Mountain, the company reported a C$30 million draw down in used equipment, excluding inventory acquired through acquisitions.

Garrett Ganden, president and CEO for Rocky Mountain, said the company continues to execute its growth strategy announced in May.

“On the acquisition front, we added two more locations to our network in the heartland of Saskatchewan agriculture. We also added a location in Olds, Alberta, which will complement our existing operations in the surrounding area. Although we acquired $29.7 million in inventory with the addition of these new locations, we were still able to draw down RME’s total inventory during the quarter, keeping our balance sheet strong for future undertakings.

At Cervus, income in the third quarter increased from $9.5 million in 2017 to $12.2 million this year.