Harley-Davidson Posts 4th Quarter Sales Increases
Harley-Davidson says its earnings and dealer new motorcycle sales continued to grow in the fourth quarter of 2013 and for the full year – compared to the year prior.
Fourth-quarter diluted earnings per share increased 9.7 percent to $0.34, primarily on strong operating results in the motorcycle segment, including higher revenue and lower operating expense, compared to the year-ago period, according to Harley. 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.
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, according to the financial results Harley released today.
For the full year 2013, Harley-Davidson 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 Harley-Davidson,” said Keith Wandell, chairman, president and chief executive officer of Harley-Davidsoin, Inc. “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”
“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 U.S. 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.”