An especially long and bitter Canadian winter cut into Rocky Mountain Dealership’s sales and inventory turnover, say company executives in reporting its first quarter 2018 results.
According to the company’s first quarter report, total sales increased 4.6% to $219.7 million compared to $209.9 million for the same quarter last year. This resulted from a $26.4 million increase in new equipment sales year-over-year. Offsetting that were decreases in used equipment, parts and service revenues.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
