Another record for Harley
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Joined: Feb 2002
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Another record for Harley
10/16/2002
INDUSTRY NEWS - Another Record For Harley
Posted By Paul Carruthers
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Harley-Davidson, Inc. (NYSE: HDI) today announced record revenue and earnings for its third quarter ended September 29, 2002. The company's third quarter revenue was $1.14 billion, an increase of 31.8 percent over the third quarter last year. Diluted earnings per share were 54 cents, a 50 percent increase compared with last year, according to a release issued by Harley.
“As we began our year-long 100th Anniversary Celebration, we achieved our biggest quarter ever, setting new records in revenue and earnings,” said Jeffrey L. Bleustein, chairman and chief executive officer of Harley-Davidson, Inc. “The commemorative products for our 100th Anniversary Celebration were a major driver for our exceptional third quarter performance and are a great springboard for growing demand for the future.”
"Our global dealer network sold nearly 18 percent more new motorcycles over the past nine months. This, together with better than expected accessories and MotorClothes sales in a difficult economy, gives us confidence in the robust demand for our products,” said Bleustein. “In response, we are increasing our 2002 production target for Harley-Davidson® motorcycles from 262,000 to 263,000, and for 2003 our target is being set at 289,000, a ten percent increase over 2002.”
INDUSTRY NEWS - Another Record For Harley
Posted By Paul Carruthers
--------------------------------------------------------------------------------
More Gains
Harley-Davidson, Inc. (NYSE: HDI) today announced record revenue and earnings for its third quarter ended September 29, 2002. The company's third quarter revenue was $1.14 billion, an increase of 31.8 percent over the third quarter last year. Diluted earnings per share were 54 cents, a 50 percent increase compared with last year, according to a release issued by Harley.
“As we began our year-long 100th Anniversary Celebration, we achieved our biggest quarter ever, setting new records in revenue and earnings,” said Jeffrey L. Bleustein, chairman and chief executive officer of Harley-Davidson, Inc. “The commemorative products for our 100th Anniversary Celebration were a major driver for our exceptional third quarter performance and are a great springboard for growing demand for the future.”
"Our global dealer network sold nearly 18 percent more new motorcycles over the past nine months. This, together with better than expected accessories and MotorClothes sales in a difficult economy, gives us confidence in the robust demand for our products,” said Bleustein. “In response, we are increasing our 2002 production target for Harley-Davidson® motorcycles from 262,000 to 263,000, and for 2003 our target is being set at 289,000, a ten percent increase over 2002.”
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