Rocky Mountain Dealerships, Inc. Declares Dividend on Common Shares, Payable on September 30, 2013; Reports Unaudited Financial Results for the Second Quarter and Six Months Ended June 30, 2013; Appoints Paul Walters as Lead Director
The company reported unaudited financial results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported sales of $238,106,000, compared to $225,741,000 for the last year. Earnings from operations were $6,433,000, compared to $2,532,000 for the last year. Net earnings were $4,494,000 or $0.23 per diluted share, compared to $1,595,000 or $0.08 per diluted share for the last year. EBITDA was $8,572,000, compared to $4,605,000 for the last year. Normalized EBITDA was $8,215,000, compared to $9,111,000 for the last year. Cash flow from net earnings were $5,593,000, compared to $4,775,000 for the last year. Normalized diluted earnings per share were $0.22, compared to $0.26 for the last year.
For the six months, the company reported sales of $444,612,000, compared to $417,792,000 for the last year. Earnings from operations were $10,203,000, compared to $5,571,000 for the last year. Net earnings were $7,332,000 or $0.38 per diluted share, compared to $3,754,000 or $0.20 per diluted share for the last year. EBITDA was $14,573,000, compared to $9,947,000 for the last year. Normalized EBITDA was $14,227,000, compared to $14,435,000 for the last year. Cash flow from net earnings were $4,298,000, compared to $7,085,000 for the last year. Normalized diluted earnings per share were $0.37, compared to $0.38 for the last year.
The company also announced that it has appointed Paul Walters as its Lead Director.