Rocky Mountain’s Margins Slip as Dealer Works Down Inventories

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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