Harley-Davidson Q4 Profit Up 10%
January 20, 2006
Filed under Uncategorized
Milwaukee-based Harley-Davidson Inc. posted net profit of $230 million, or 84 cents a share, for its fourth quarter ended December 31, 2005, up from earnings of $209 million, or 71 cents per share, for the same quarter in 2005.
Total fourth quarter revenue was $1.34 billion, up 10 percent from revenue of $1.22 billion for the same period last year. Motorcycle revenue was up 10 percent to $1.09 billion.
Net profit for the full year ended December 31, 2005, was $959.6 million, or $3.41 per share, up eight percent from $889.8 million, or $3 per share, in 2004. Revenue grew seven percent to $5.34 billion from $5.02 billion in the prior year.
Harley-Davidson full year cycle sales were up 6.2 percent to 317,169 units. U.S. sales grew 4.2 percent to 253,414 units, European sales grew 19.9 percent to 29,482, and sales in Japan jumped 11.1 percent to 11,420.
The results gave the manufacturer its 20th straight year of record revenue, earnings and retail motorcycle sales, CEO Jim Ziemer said during a conference call.
Harley-Davidson plans to ship 348,000 to 352,000 units in 2006.