Harley-Davidson Second-Quarter Results. Worldwide Retail Motorcycle Sales Increase 5.2%.

Cyril-Huze-Harley-StockHarley-Davidson, Inc. (NYSE: HOG) second-quarter 2013 diluted earnings per share increased 13.1% on higher motorcycle shipments and continued gains in operating efficiencies, compared to the year-ago period. Second-quarter net income was $271.7 million on consolidated revenue of $1.79 billion, compared to net income of $247.3 million on consolidated revenue of $1.73 billion in the year-ago period. Second-quarter 2013 diluted earnings per share were $1.21, compared to $1.07 in the year-ago quarter.

“During the second quarter, we completed our first year of seasonal surge production at York with great success. We also surpassed a milestone for international dealership growth. With the opening of a dealership in Salvador, Brazil on June 29th, we have added 104 dealerships outside the U.S. since late 2009, achieving our goal to add 100 to 150 international dealerships by the end of 2014,” Wandell said.

Retail Harley-Davidson Motorcycle Sales.

Dealers worldwide sold 90,193 new Harley-Davidson motorcycles in the second quarter of 2013, compared to 85,714 motorcycles in the year-ago quarter. In the U.S., dealers sold 58,241 new Harley-Davidson motorcycles in the quarter, up 4.4% compared to the year-ago period. In international markets, dealers sold 31,952 new Harley-Davidson motorcycles during the second quarter, compared to 29,953 motorcycles in the year-ago period, with unit sales up 12.3% in the Asia Pacific region, 1.0% in the EMEA region, 39.2% in the Latin America region, and 3.6% in Canada.

Through six months, dealers sold 144,447 new Harley-Davidson motorcycles worldwide, compared to 145,391 motorcycles in the year-ago period, with retail unit sales up 11.9% in the Asia Pacific region, 22.8% in the Latin America region and 2.4% in Canada, and down 2.7% in the U.S. and 3.6% in the EMEA region, compared to the first half of 2012. The Company believes first-half U.S. retail sales were adversely impacted by a prolonged and abnormally cool and wet spring in 2013, compared to an abnormally early and warm spring in 2012.

Harley-Davidson Motorcycles and Related Products Segment Results

Second-Quarter Results: Operating income from motorcycles and related products grew 15.5% to $357.7 million in the second quarter of 2013, compared to operating income of $309.6 million in the year-ago period. Operating income in the quarter benefited from higher motorcycle shipments as the Company continued the implementation of seasonal surge motorcycle production, higher gross margin and lower restructuring expense, compared to the prior-year period.

Revenue from motorcycle parts and accessories was $269.6 million during the quarter, up 1.5%, and revenue from general merchandise, which includes MotorClothes® apparel and accessories, was $81.7 million, up 8.7%, compared to the year-ago period. Gross margin was 36.9% in the second quarter of 2013, compared to 35.9% in the second quarter of 2012.

3 Responses to “Harley-Davidson Second-Quarter Results. Worldwide Retail Motorcycle Sales Increase 5.2%.”

  1. 1 Robert Pandya Jul 26th, 2013 at 7:56 am

    Kudos to HD.

    Great to see all motorcycle companies increasing sales. This is a great year for American-based motorcycle brands. 110th in Milwaukee, Victory hitting 15th anniversary and earning its place in motorcycle history, EBR building really impressive machines, and Indian Motorcycle back in the game are all intersecting highlights. I’m proud to be part of the rising tide for sure and I know that while there are riders who pick one brand and denounce others, that within this great industry most all “insiders” are happy to see a rising tide raising all ships.

    Seriously if you can’t find something to smile about this year, you might want to just admit that YOU are that grumpy dude that everyone knows will never be happy.

    I’m looking forward to riding the new Indian Chief in Sturgis – it’s going to be a truly epic and historic time in motorcycling.

    Robert Pandya
    External Relations Manager
    Indian Motorcycle

  2. 2 Kirk Perry Jul 28th, 2013 at 2:08 am

    ~ 58-year old flawed Harley-Davidson License Plate assembly righted by Vintage Twin ~

    Harley-Davidson Dealer’s Note:

    A 59995-55A to 2013 • H-D License Plate Bracket Assembly & License Plate Frame Installation that won’t gouge the black painted plate clamp to death.

    My HD dealership of choice almost had it right with their rendition, while lacking in complete fasteners for the job, they most certainly nailed-it with their choice of OEM style hardware.
    Yet, theirs wasn’t a rock solid assembly of parts that would support the namesake, Harley-Davidson®…. not if you ever wanted to install a plain-chrome license plate frame and not tear-up the black paint on that poor, steadfast “License plate Clamp” (60001-55) left on it’s own, to weather a license plate frame which scraped the paint down to bare metal within weeks of riding. Not on my watch.
    Here’s the parts you’ll need, to roll the customer off the lot and “leave ’em smiling” 🙂 :

    1. (4) 1/4-20 x 1/2″ chrome Button Head Allen screws • Colony #BHC-828
    2. (12) 1/4 x 7/16 o.d. x 1/16″ thick, chrome flat washers • Colony #9633-50 oem 6099
    3. (4) 1/4-20 OEM style Acorn nuts • Colony #PAN-159 (10 pk.)
    4. (4) 1/4-20 chrome hex nuts (10 pk) • Colony #HN-406
    5. (2) 1/4 x 1/8 thick spacers Colony #SPC-001
    6. Blue-Loctite instead of lock washers.
    Photos and text as a courtesy to the industry, as long as they use the info “to do it right” :

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Cyril Huze