H-D Revenue Drops 5.8% In Q3

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Harley-Davidson, Inc. says revenue for its third quarter ended Sept. 30 was $1.54 billion, down 5.8 percent compared to revenue of $1.64 billion in the year-ago quarter. Net income for the quarter was $265.0 million, down 15.3 percent compared to income of $312.7 million in the third quarter of 2006.

Revenue from Harley-Davidson motorcycles was $1.18 billion, a decrease of $110.7 million or 8.6 percent versus the same period last year.

Shipments of Harley-Davidson motorcycles totaled 86,535 units, a decrease of 10,511 units or 10.8 percent compared to last year's third quarter.

Worldwide retail sales of Harley-Davidson motorcycles during the third quarter decreased 0.2 percent compared to the third quarter of 2006. Sales of Harley-Davidson motorcycles decreased 2.5 percent in the U.S. but grew 8.8 percent in international markets.

Nine-Month Results
Harley-Davidson company revenue for the first nine months of 2007 totaled $4.34 billion and represented a 1 percent increase compared to the year-ago period.

Motorcycle revenue for the first nine months of the year was $3.33 billion, or flat compared to last year.

Shipments of Harley-Davidson motorcycles during the first nine months totaled 249,413 units, a 2.7 percent decrease compared to last year's 256,348 units.

Worldwide retail sales of Harley-Davidson motorcycles during the first nine months of the year decreased 0.9 percent compared to the same period last year. Sales of Harley-Davidson motorcycles decreased 4.7 percent in the U.S. but increased by 12.9 percent in international markets.

Management expects to end the year with shipments of 328,000 to 332,000 Harley-Davidson motorcycles, down from 349,196 units in 2006. CEO Jim Ziemer says he anticipates a continued "challenging" U.S. retail motorcycle environment in 2008.