™
OUR
NOW IN
1 At
2YEsR
T H E O N LY M A G A Z I N E F O R T H E W O R L D W I D E V- T W I N PA R T S , A C C E S S O RY A N D P E R F O R M A N C E I N D U S T RY
Motor Company reports
increased sales worldwide
HARLEY-DAVIDSON has released
its end of year figures and is
reporting that earnings and
new motorcycle sales have
continued to grow in the fourth
quarter of 2013 and for the full
year, compared to the year-ago
periods.
For the fourth-quarter, diluted
earnings per share increased 9.7
percent to $0.34, primarily on strong
operating results in the Motorcycles
segment, including higher revenue
and lower operating expense,
compared to the year-ago period.
Fourth-quarter net income was
$75.4 million on consolidated
revenue of $1.19 billion, compared
to net income of $70.6 million on
consolidated revenue of $1.17
billion in the year-ago period.
It is not only revenue that has
increased for the Motor Company as
it is also reporting that worldwide
retail sales of new Harley-Davidson
motorcycles grew 5.7 percent in the
quarter and 4.4 percent for the full
year, compared to the year-ago
periods.
For the full year 2013, HarleyDavidson’s net income was $734.0
million on consolidated revenue of
$5.90 billion, compared to full-year
2012 net income of $623.9 million
on consolidated revenue of $5.58
billion. Full-year 2013 diluted
earnings per share were $3.28, up
20.6 percent from EPS of $2.72 in
2012.
"Without question 2013 was an
outstanding year for HarleyDavidson.
We
unveiled
game-changing motorcycles like
Project Rushmore and Street,
launched surge manufacturing,
celebrated our 110th anniversary
with customers around the globe
and delivered continued financial
growth," said Keith Wandell,
Chairman, President and CEO of
Harley-Davidson.
"Harley-Davidson has been
relentless at driving improvements
throughout the organization that
enable us to design, build and
deliver
motorcycles
with
unprecedented speed, efficiency,
safety and quality. Together with our
dealers, we continue to broaden our
customer base and inspire riders to
experience our brand. In 2013, retail
sales of new Harley-Davidson
motorcycles to outreach customers
in the US grew at more than twice
the rate of sales growth to core
customers, and we continued to
expand the reach of our brand in
international markets.
"None of these results would be
possible without the great efforts of
our employees, dealers and
suppliers, working as one team and
moving in one direction to fulfill
customers' dreams," said Wandell.
"Moving forward, we believe we are
well positioned to leverage our
momentum, expand our reach
among new and existing customers,
and further strengthen HarleyContinued on page 6 >>>
13th Annual V-Twin Expo
MAR 2014
ISSUE #176
NEWS
Industry veteran opens
international consultancy
PRODUCTS
Opti
3