Profit up at RMD

Rocky Mountain Dealerships reported net earnings of $4.85 million in the second quarter ended June 30, up 44 percent from same time last year. Sales were $237.2 million, up two percent.

“Modest sales growth, improved margins, a streamlined cost structure and lower finance costs due to our reduced debt levels allowed us to deliver a 47 percent increase in second quarter earnings per share,” said Garrett Ganden, president and chief executive officer.

Inventory is down $54.5 million or 12 percent from a year ago as the company tries to match product to market demand.

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