RME - <span class="simulate_din_font">Rocky Mountain Dealerships Inc. announces record annual and fourth quarter 2011 results</span> (CAD 0.045)

Company: Rocky Mountain Dealerships Inc.
Stock Name: RME
Amount: CAD 0.045
Announcement Date: 19/03/2012
Record Date: 27/02/2012

Dividend Detail:

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Achieves strong results in key operating metrics; net earnings increase
of 55.8% for the year

CALGARY, March 19, 2012 /CNW/ - Rocky Mountain Dealerships Inc. (TSX: RME, hereinafter "Rocky") today reported financial results for the three
and twelve months ended December 31, 2011.

Fourth Quarter Highlights

• 
  Increased revenues by 27.3% to $240.6 million (M) as compared to 2010.
  


• 
  EBITDA* increased by 28.3% to $14.6M.
  


• 
  Generated net earnings of $9.0M, an increase of $2.6M or 41.2%.
  


• 
  Normalized Diluted Earnings per Share* of $0.42, up 35.5% over the prior
  year.
  

Annual Highlights

• 
  Increased revenues by 33.2% to $802.8M as compared to 2010.
  


• 
  EBITDA* increased by 44.3% to $41.2M.
  


• 
  Generated net earnings of $23.2M, an increase of $8.3M or 55.8%.
  


• 
  Normalized Diluted Earnings per Share* of $1.22, up 52.5% over the prior
  year.
  

^{* Non-IFRS measures are defined and discussed further in the
Management's Discussion and Analysis for the three and twelve month
periods ended December 31, 2011, which can be found at www.sedar.com.}

Commenting on the results, Matt Campbell, CEO of Rocky stated "We
continue to deliver outstanding results to our shareholders, thanks to
the dedication and hard work of our people throughout our many
locations.������ Our customers need a reliable partner for their equipment
needs, and our success in becoming that reliable partner is reflected
in both the quarterly and annual results.

Alberta's economic improvement combined with solid crop prices and
conditions to fuel growth in both construction and agriculture
equipment sales in that region.�� These results were somewhat tempered
by a softer market in the Eastern Prairies that drove increased sales
of used rather than new equipment.

Overall, our efforts to integrate our acquired stores and drive
efficiency, resulted in improved revenue, gross profits and EBITDA^* and substantially improved profit conversion. Cash flow generation
improved substantially on the year to $33.1 million.

Western Canada's recovering economic outlook and solid commodity prices,
combined with the progress we have made in the last twelve months,
positions Rocky for continued success."

Quarterly Cash Dividend

On February 17, 2012, Rocky's Board of Directors declared a dividend of
$0.045 per common share on the Company's outstanding common shares.��
The common share dividend is payable on March 30, 2012 to shareholders
of record at close of business on February 29, 2012.

This dividend is designated by Rocky to be an eligible dividend for the
purposes of the Income Tax Act (Canada) and any similar provincial or
territorial legislation.�� An enhanced dividend tax credit applies to
eligible dividends paid to Canadian residents.

Conference Call

The Company will host a conference call to discuss Q4 results on
Tuesday, March 20, 2012, at 9:00 a.m. Mountain Time.�� Investors
interested in participating in the live call can dial 1-888-231-8191
(toll free) or 1-647-427-7450.�� An archived recording of the call will
be available approximately two hours after its completion on Rocky's
website or by calling 1-855-859-2056 (toll free) or 1-416-849-0833,
passcode: 51205623.�� The archive will remain available until Tuesday,
April 3, 2012.

Caution regarding forward-looking statements

Certain information set forth in this news release, including, without
limitation, the information regarding construction outlooks in the
short and mid-terms, is forward-looking information within the meaning
of applicable Canadian securities laws.�� By its nature, forward-looking
information is subject to numerous risks and uncertainties, some of
which are beyond Rocky's control.�� This forward-looking information
reflects Rocky's current beliefs and is based on information currently
available to Rocky, and on assumptions Rocky believes are reasonable.��
These assumptions include, but are not limited to, the expectation that
economic conditions in Western Canada, including commodity prices, will
continue to remain strong.�� There is significant risk that the
forward-looking statements will prove not to be accurate.�� Readers are
cautioned not to place undue reliance on forward-looking statements as
a number of factors could cause actual future performance and events to
differ materially from that expressed in the forward-looking
statements.�� Accordingly, this new release is subject to the disclaimer
and qualified by risks and other factors discussed by Rocky in its
management's discussion and analysis ("MD&A") and annual information
form for the year ended December 31, 2011 and 2011 first, second, and
third quarter MD&A's.�� Except as required by law, Rocky disclaims any
intention or obligation to update or revise forward-looking statements,
and further reserves the right to change, at any time, at its sole
discretion, its current practice of updating its guidance and outlooks.

About Rocky

Rocky is one of Canada's largest agriculture and construction equipment
dealerships with 36 branches throughout Alberta, Saskatchewan and
Manitoba. Rocky sells, rents, and leases new and used construction and
agriculture equipment and offers product support, and finance to its
customers.

Additional information on Rocky is available at www.rockymtn.com and on SEDAR at www.sedar.com.

Consolidated Balance Sheet Summary Expressed in thousands of Canadian dollars (Audited)
��	December 31, 2011	December 31, 2010	January 1, 2010
��	��	��	��
Current assets	434,479	373,998	281,234
Property and equipment	21,369	20,600	19,343
Goodwill	9,961	8,538	4,517
Total assets	465,809	403,136	305,094
��	��	��	��
Current liabilities	286,175	247,697	204,084
Long-term debt	11,701	13,058	12,968
Obligations under finance leases	1,589	1,387	896
Convertible debenture	28,761	28,411	-
Deferred income taxes	8,283	6,707	1,051
Derivative financial instruments	1,139	-	-
Total liabilities	337,648	297,260	218,999
Shareholders' equity	128,161	105,876	86,095
Total liabilities and equity	465,809	403,136	305,094

����������Total Shares Issued:�� 18,768,399

Selected Quarterly Financial Information

Expressed in thousands of Canadian dollars except per share amounts

��		��	��	��	��
��		For the three months ended December 31,		For the year ended December 31,
��		2011	2010	2011	2010
Sales		��	��	��	��
��	New equipment	132,712	121,302	423,933	333,603
��	Used equipment	82,318	45,553	269,809	189,315
��	Parts	16,155	14,871	75,531	54,053
��	Service	7,459	6,304	28,028	21,871
��	Other	1,945	973	5,462	3,869
��		240,589	189,003	802,763	602,711
Cost of sales		203,620	159,238	677,571	509,587
Gross profit		36,969	29,765	125,192	93,124
��		��	��	��	��
Selling, general and administrative		21,964	18,082	82,001	63,409
Interest on short-term debt		2,022	1,832	8,306	6,425
Interest on long-term debt		917	943	3,587	2,064
Earnings before income taxes		12,066	8,908	31,298	21,226
Provision for income taxes		3,105	2,563	8,089	6,327
Net earnings		8,961	6,345	23,209	14,899
Earnings per share		��	��	��	��
��	Basic	0.48	0.34	1.24	0.82
��	Diluted	0.42	0.31	1.12	0.79
Dividends per share		0.045	0.045	0.18	0.18
��		��	��	��	��
Non-IFRS Measures(*)		��	��	��	��
EBITDA		14,587	11,369	41,225	28,570
Operating SG&A		20,804	16,780	73,872	58,695
Cash Flow from Net Earnings		13,462	11,005	33,087	26,724
Normalized Diluted Earnings per Share		0.42	0.31	1.22	0.80

^{* Non-IFRS measures are defined and discussed further in the
Management's Discussion and Analysis for the three and twelve month
periods ended December 31, 2011, which can be found at www.sedar.com.}

��

For further information:

Rocky Mountain Dealerships Inc.
Matt Campbell, Chief Executive Officer; or
Garrett Ganden, Chief Operating Officer
#301, 3345 - 8^th Street S.E.
Calgary, Alberta T2G 3A4
Telephone: (403) 265-7364, Fax (403) 214-5644