Harley-Davidson Third-Quarter Retail Motorcycle Sales Rise

Harley-Davidson Third-Quarter Retail Motorcycle Sales Rise

MILWAUKEE, Oct. 21, 2014 /PRNewswire/ — Harley-Davidson, Inc. HOG, -0.54% dealer new motorcycle sales grew worldwide and in the U.S. in the third quarter of 2014, topping a strong prior-year quarter.

The Company’s diluted earnings per share were $0.69 for the quarter, net income was $150.1 million and consolidated revenue was $1.30 billion compared to diluted EPS of $0.73, net income of $162.7 million and revenue of $1.34 billion in the year-ago period. Third-quarter results reflect lower motorcycle shipments, as planned, compared to last year’s third quarter.

Through nine months, Harley-Davidson 2014 consolidated revenue grew 6.8 percent, net income increased 16.9 percent and diluted EPS rose 20.1 percent to $3.52 compared to the year-ago period.

“Harley-Davidson’s third-quarter financial results were in line with our expectations, and we are on track for a year of growth and strong financial performance in 2014,” said Harley-Davidson, Inc. Chairman, President and Chief Executive Officer Keith Wandell.

“We continue to see the success of our product, manufacturing and retail strategies, which are delivering an outstanding customer experience, driving bottom-line improvement and expanding the reach of the brand.”

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