Harley-Davidson First Quarter Profit Falls.

harleydavidsontank1After the market close this Thursday April 16, 2009 Harley-Davidson said that its first-quarter profit was $117.3 million, or 50 cents per share, compared with $187.6 million, or 79 cents per share for same quarter 1 year-ago Revenue fell 2% to $1.29 billion. However, the company said its earnings were negatively impacted by a few one-time items, including restructuring costs and a tax law change in Wisconsin. Harley said that worldwide sales of its products dropped 12% year over year, while U.S. sales fell 9.7%. Despite the environment remaining challenging throughout 2009, the company reaffirmed its estimates to ship 264,000 and 273,000 motorcycles to dealers worldwide this year, which is 10%-13% lower than 2008 levels.

5 Responses to “Harley-Davidson First Quarter Profit Falls.”

  1. 1 J Apr 16th, 2009 at 11:32 pm

    Way better numbers than I was expecting, actually- if they get their balance sheet straightened out, they may survive yet…….

  2. 2 Rodent Apr 17th, 2009 at 10:24 am

    an obamanation

  3. 3 Nicker Apr 17th, 2009 at 11:05 pm

    Why so glum….. ???
    Considering CA unemployment hit 11% today the below report looks OK.


    WRAPUP 1-Harley, Polaris results hint consumer flight slows
    * Harley, Polaris post better-than-expected results

    * Harley ‘mildly encouraged’ by U.S. sales trends

    * Polaris says “we like what we’ve seen” so far in April

    By James B. Kelleher

    CHICAGO, April 16 (Reuters) – Stronger-than-expected results on Thursday from motorcycle maker Harley-Davidson Inc HOG and off-road vehicle maker Polaris Industries Inc PII raised a glimmer of hope that the buyer pullback bedeviling consumer goods companies may be slowing.

    The results came one day after the U.S. Federal Reserve said economic activity in some parts of the economy appeared to be stabilizing, and offered fresh hope — however slim — that the economy’s steep descent is no longer building momentum.

  4. 4 ¿ Apr 18th, 2009 at 7:21 am

    H-D announced 400 more layoffs over the next 2 years, about 12-15 within the month. On a good note-sales at Milw. area dealers has been strong, as at some other areas. Some folks held back out of fear and eventually those sales will come out of hiding when the sky doesn’t fall.

  5. 5 James (Kiwi) Apr 18th, 2009 at 9:19 pm

    Bet the US and a number of foreigh car manufacturers would like to post even a profit.

    Good luck to HD,I wish them well.Many of the people that post here have an interest in the Company doing well yet do not appreciate it and just winge about it!!
    A hell of allot of the custom bike parts industrie would disapear if HD went west.

    They had a record year in Australasia for 2008, I’m sure they will not do that this year but it will not be as bad as initially expected.

    Was listening to an American on the local radio saying that the people selling sub prime mortgages got a 2-5000 dollar kick back on each mortgage and allot of the details such as income was falsified.
    That sounds pretty bent to someone from down here, our banking is very regulated and you just cannot get away with shit like that.

    Is it true??


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Cyril Huze