Rocky Mountain Dealerships did much of what it set out to do when it last reported its quarterly earnings in August. The Calgary-based dealership group said its major push would be to reduce equipment inventories. It appears it did so, but its margins took a beating in the process.
In its third-quarter earnings report on November 13, Rocky said it increased revenues by 10.1% to $272.6 million and reduced equipment inventories by $78 million. The…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
