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Harley-Davidson Reports Growth in Second Quarter

Second-quarter 2013 diluted earnings per share increased 13.1 percent on higher motorcycle shipments and continued gains in operating efficiencies, compared to the year-ago period.

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Harley-Davidson Inc. (NYSE: HOG) second-quarter 2013 diluted earnings per share increased 13.1 percent on higher motorcycle shipments and continued gains in operating efficiencies, compared to the year-ago period.

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Second-quarter net income was $271.7 million on consolidated revenue of $1.79 billion, compared to net income of $247.3 million on consolidated revenue of $1.73 billion in the year-ago period. Second-quarter 2013 diluted earnings per share were $1.21, compared to $1.07 in the year-ago quarter.

Through six months, Harley-Davidson net income was $495.9 million on consolidated revenue of $3.37 billion, compared to net income of $419.3 million on consolidated revenue of $3.16 billion in the year-ago period. Six-month 2013 diluted earnings per share were $2.20, compared to $1.81 in the year-ago period.

“Harley-Davidson again drove strong financial performance in the second quarter, reflecting the many improvements in operations we have made throughout the company over the past few years as well as our brand strength globally,” said Keith Wandell, chairman, president and CEO of Harley-Davidson. “Our employees, dealers and suppliers continue to do an outstanding job, working as one team and moving in one direction, to deliver a great experience for our customers.

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“During the second quarter, we completed our first year of seasonal surge production at York with great success. We also surpassed a milestone for international dealership growth. With the opening of a dealership in Salvador, Brazil, on June 29, we have added 104 dealerships outside the U.S. since late 2009, achieving our goal to add 100 to 150 international dealerships by the end of 2014.

“Of course, all summer long,  we are celebrating our 110th anniversary with Harley-Davidson enthusiasts from around the world, including one of our biggest-ever international consumer events last month in Rome and the upcoming celebration in Milwaukee on Labor Day weekend. And less than a month from now, we will launch an exciting lineup of new 2014 motorcycles," he concluded.

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