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Roundup of the Latest Quarterly Earnings

November 17, 2018 | Posted in Earnings Reports
Ag equipment manufacturers and dealers have in recent weeks released their quarterly earnings. Sales for equipment manufacturers and/or their agricultural segments largely improved the last three months. Meanwhile, Canada’s largest dealership network announced it was opening a used equipment outlet in Kansas, marking the most recent step in its foray into the U.S. in accordance with its 5 year growth plan.
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RME 3Q Callout

Rocky Mountain Dealerships 3Q18 Earnings Slip 2%; To Open Used Equipment Outlet in Kansas

November 7, 2018 | Posted in Earnings Reports
On the financial side, RME reported that total sales decreased 2.3% or $5.4 million to $233.4 million compared with $238.8 million for the same period in 2017. Gross profit declined by 6.6% or $2.6 million to $36.2 million from $38.8 million for the same period in 2017. Early snowfalls across the Canadian Prairies stalled harvest activity throughout mid- to late-September, decreasing in-season demand across all categories.
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