Harley-Davidson Second Quarter Results Blow Past Estimate.

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.

8 Responses to “Harley-Davidson Second Quarter Results Blow Past Estimate.”

  1. 1 mad andy Jul 19th, 2011 at 6:07 pm

    Where’s all the bellyachers at now? Looks like Ol’ Keith Wandell knew what was up………

  2. 2 Boss Hawg Jul 19th, 2011 at 10:12 pm

    Geez awful quite in here…

    Oh HD’s numbers are up and not down must be why.

    Vroom vroom vroom

    Boss Hawg

  3. 3 Michael Heinzen Jul 20th, 2011 at 6:12 am

    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

  4. 4 Doc Robinson Jul 20th, 2011 at 6:44 am

    Great to see an American manufacturing company doing well. Way to go Harley-Davidson!

  5. 5 Woody Jul 20th, 2011 at 10:06 am

    How are the earnings estimates for Harley employees……………………………………

  6. 6 chopperfreak29 Jul 20th, 2011 at 3:41 pm

    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!

  7. 7 Mike Jul 20th, 2011 at 4:28 pm

    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!

  8. 8 martin Twofeather Jul 20th, 2011 at 9:55 pm

    No matter what that is great news….

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Cyril Huze