Rocky Mountain Dealerships, Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported sales of USD 230,795,000 against USD 272,569,000 a year ago. Earnings before income taxes were USD 8,489,000 against USD 8,195,000 a year ago. Net earnings were USD 6,204,000 against USD 5,915,000 a year ago. Basic and diluted earnings per share were USD 0.32 against USD 0.31 a year ago. EBITDA was USD 10,826,000 against USD 10,286,000 a year ago. Operating cash flow was USD 10,645,000 against USD 83,972,000 a year ago. Cash flows from operating activities were USD 13,386,000 against USD 27,652,000 a year ago.

For the nine months, the company reported sales of USD 671,315,000 against USD 717,181,000 a year ago. Earnings before income taxes were USD 17,760,000 against USD 18,398,000 a year ago. Net earnings were USD 12,704,000 against USD 13,247,000 a year ago. Basic and diluted earnings per share were USD 0.66 against USD 0.69 a year ago. Net cash used in operating activities was USD 6,916,000 against USD 29,636,000 a year ago. Capital expenditures were USD 26,215,000 against USD 22,423,000 a year ago. Comparable store sales were increased 3.5%. EBITDA was USD 24,662,000 against USD 24,859,000 a year ago. Operating cash outflow was USD 30,815,000 against operating cash inflow of USD 62,258,000 a year ago. Cash flows from operating activities were USD 3,826,000 against USD 30,326,000 a year ago.

The company also announced that Tracey Zehl has been appointed to its Board of Directors. Ms. Zehl is an independent consultant having previously served as a partner at Deloitte & Touche LLP from 2007 until 2014. Ms. Zehl is also the President of the Board of Ronald McDonald House Southern Alberta where she served previously as the Audit Committee Chair. In addition to her appointment as a Director of Rocky, Ms. Zehl was also appointed a member of company's Audit Committee, as well as its Compensation, Governance and Nominating Committee.