I think this may be our first financial post. Today, Harley-Davidson motorcycles announced higher quarterly earnings for the third quarter of 2013.
The legendary motorcycle company reported a third-quarter profit of $.73 per share, which was up from their reported $.59 a share for the same. In 2012.
The majority of the analyst attribute the increase in earnings to the seasonal surge in motorcycle sales in Harleys major North American market. Harley-Davidson sells approximately 2/3 of its bikes in the North American market. For the third quarter of 2013. Sales jumped 19% in this marketplace. Worldwide sales for Harley-Davidson rose 15.5%.
Have you ever wondered how many motorcycles, Harley Davison produces in one year? Well, Harley hit its peak, at least so far, in 2006, when they produced 350,000 motorcycles. This record high production coincides with the peak in the San Diego California real estate market, which by my figures occurred in the summer of 2005. It took a little while longer for the housing market the collapse on a national basis.
In today’s report released by Harley-Davidson. They say that they are expected to ship between 250,000 and 264,000 motorcycles in 2013.
Harley Background
Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Harley-Davidson Motor Company produces heavyweight custom, cruiser and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear and apparel, and general merchandise. Harley-Davidson Financial Services provides wholesale and retail financing, insurance, extended service and other protection plans and credit card programs to Harley-Davidson dealers and riders in the U.S., Canada and other select international markets. For more information, visit Harley-Davidson’s website at www.harley-davidson.com.
