On May 10, Rocky Mountain Dealerships reported that its revenues for the 3 months ended March 31, 2011 grew by 31% and profits by 52%. At the same time, the company announced that its CEO, Brian Taschuk, has left the company for personal reasons.
The company also restated its strategy to slow acquisitions and focus on integrating acquisitions with the intent of increasing gross margin and bringing down SG&A to effectively “harvest returns for shareholders.”
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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.
