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Canadian Dealers Report Solid 3Q Results

November 23, 2015 | Posted in Earnings Reports
Canada’s two publicly traded dealerships, Cervus Equipment and Rocky Mountain Dealerships, posted strong earnings reports earlier this month, especially considering the sluggish sales many farm equipment dealers have experienced during the past year.
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Another Tough Quarter for Ag Equipment Makers

The latest round of quarterly earnings reports continue to indicate tough sledding for ag equipment companies with low expectations for the remainder of 2015.
November 1, 2015 | Posted in Data & Trends, Earnings Reports
The latest round of quarterly earnings reports continue to indicate tough sledding for ag equipment companies with low expectations for the remainder of 2015.
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Rocky Mountain Making Progress in Its Turnaround

November 1, 2015 | Posted in Data & Trends, Earnings Reports
For its third quarter, Rocky Mountain Dealerships (RME) reported total revenues were up by 10.9% to $256 million from $230.8 million a year ago. While new equipment sales were off by 2% vs. the same period last year, used equipment sales were up by 23%. Inventory decreased by $51.3 million or 9.5% to $489.7 million.
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Cervus Equipment Reports 3Q15 Ag Sales Up 13%

November 1, 2015 | Posted in Data & Trends, Earnings Reports
Cervus Equipment Corp. (CVE) posted an increase in total ag equipment revenue of 16% for the period ending Sept. 30 and 19% through the first 9 months of 2015. During its third quarter, John Deere’s largest farm machinery dealer in Western Canada registered strong sales across the board: equipment revenues were up 13% (new –3%, used +44%), parts +29%, service +42%, rental and other +47%.
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