MILWAUKEE — Harley-Davidson, Inc. dealers sold more new
motorcycles in the third quarter of this year, but the
company saw earnings per share, net income and revenue
fall compared to last year.
company’s diluted earnings per share fell from $0.73 to
$0.69, net income was down to $150.1 from $162.7 and
revenue came in at $1.30 billion compared with $1.34
billion last year.
announcing the results, the company said they reflected
lower motorcycle shipments, as planned, compared to last
Chairman, President and CEO Keith Wandell said the
results were in line with expectations and the company
was “on track for a year of growth and strong financial
performance in 2014.
The company’s dealers sold 73,217 new motorcycles in the
third quarter, an increase of nearly 3,000 from 2013.
U.S. dealers saw an increase of 3.4 percent, the Asia
Pacific region was up 12.8 percent, Europe, the Middle
East and Africa rose 1.7 percent and Latin America was
up 7 percent. Canada saw a decrease of 5.8 percent.
Company officials said the results came after 2013’s
third quarter was one of the strongest single-quarter
increases in recent years.