U.S. sales, higher shipments and improved performance at its finance unit. A profit of $190.6 million, or 81 cents a share, up from $71.2 million, or 30 cents a share, a year earlier. For the year-earlier period, earnings from continuing operations were 59 cents a share. Revenue jumped 18% to $1.34 billion. Motorcycle shipments rose 13% to 66,815, in line with the company’s projection of 62,000 to 67,000 motorcycles in the second quarter. Retail sales of new Harley-Davidson motorcycles grew 7.5% in the U.S. and 5.6% worldwide. Harley also raised its 2011 forecast of new bikes shipped to dealers. In the second quarter, the finance unit posted an operating profit of $82 million, up from $60.8 million a year earlier. For the first six months of 2011, Harley-Davidson income from continuing operations was up 48.9 percent compared to the year-ago period to $309.8 million, or $1.31 per share. The stock has risen 75% over the past year through Monday’s $41.41 close.
Harley-Davidson Second Quarter Results Blow Past Estimate.
Published by July 19th, 2011 in Builders, Editorial and Events.8 Responses to “Harley-Davidson Second Quarter Results Blow Past Estimate.”
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Where’s all the bellyachers at now? Looks like Ol’ Keith Wandell knew what was up………
Geez awful quite in here…
Oh HD’s numbers are up and not down must be why.
Vroom vroom vroom
Boss Hawg
Wonderful, so when they ship more and more road-king and softail to europe, we can sale more from our
detachable fairings with tuev-approvement to this customers.
Harley forever
Michael
Great to see an American manufacturing company doing well. Way to go Harley-Davidson!
How are the earnings estimates for Harley employees……………………………………
Sweet. The more guys buying new bikes just means more old bikes for me.LOL Hopefully their not trading in their old bikes and selling them privately instead. Still can’t understand financing a new bike and paying almost double the sticker cost by the time you have it paid off, but maybe that’s just me. But I do understand that in order for me to have a good supply of used bikes someone has to be buying them new. Thanks guys!
This is great news.
Harley is a GREAT indicator of the health of the whole industry.
My sales are up – WAY up over previous years. 2011 has been one of our best years ever!
No matter what that is great news….