HARLEY-DAVIDSON UPDATES GUIDANCE AS RESULT OF STRIKE
Milwaukee, Wis., February 27, 2007. Harley-Davidson, Inc. (NYSE:HOG) announced today that it is updating guidance for motorcycle shipments for the first quarter of 2007 and financial guidance for the full year. Guidance is being revised to reflect the impact of a three week strike that concluded Thursday, February 22, 2007, at the Company?s manufacturing facility in York, Pa. Full production at the Pennsylvania and Wisconsin plants is expected to resume over the next week. In all, the strike will result in a loss of approximately one month?s production.
?While we are pleased to have reached an agreement with our unionized employees in York, a disruption of this magnitude has a significant impact on our business, as well as our suppliers, dealers, employees and our retail customers,? said Tom Bergmann, Chief Financial Officer.
?Although the recovery process has begun, the immediate impact will be a reduction in our first quarter Harley-Davidson