Re: Honda More American That Harley?
Milwaukee, Wis. (July 13, 2005) - Harley-Davidson, Inc. (NYSE: HDI) today announced record earnings per share (EPS) of 84 cents for the quarter ended June 26, 2005 compared to 83 cents for the year ago quarter. Revenue for the quarter was $1.333 billion compared with $1.328 billion in the year ago quarter, a 0.4 percent increase. Net income for the quarter was $237.4 million, slightly lower than last years $247.2 million. During the second quarter, the Company repurchased 17.7 million shares of its common stock, in addition to the 2.9 million shares repurchased during the first quarter of this year.
"Harley-Davidson had a successful second quarter," said Jim Ziemer, Chief Executive Officer, Harley-Davidson, Inc. "The Company produced record revenue despite lower motorcycle shipments compared to the year ago quarter. We shipped 77,000 motorcycles to our dealers as planned, while retail sales of Harley-Davidson® motorcycles grew to record levels of 114,000 units, up nearly 6 percent compared to the same period last year. In addition, we increased our stock repurchase investment to over $1 billion year-to-date. Earnings per share were at an all-time high for any quarter in our history," said Ziemer.