Harley-Davidson sees strong financials in first quarter

With a great financial report, it's all blue skies for Harley-Davidson so far in 2012.

Harley-Davidson released their financial report from the first quarter of 2012 this morning, and the numbers look good.

According to the report, Harley-Davidson motorcycle sales were up 25.5 per cent in the U.S. over 2011’s Q1 numbers, and up 20.3 per cent worldwide. To reach those numbers, dealers sold 39,762 Harley-Davidson in the U.S. and 19,915 internationally.

If you’re really keen on financial figures, here’s some more numbers: the company’s income from continuing operations was $172.0 million, or $0.74 a share,on consolidated revenue of $1.43 billion, in the first quarter of 2012. That’s up from $119.3 million, or $0.51 a share, on consolidated revenue of $1.22 billion for Q1 of 2011.

Parts and accessories revenue was $199.1 million, up 21.1 per cent from Q1 of 2011, and apparel sales revenue was $74.6 million, up 19.2 per cent from the same time period.

Some of these numbers were spilled in a Motorcycle Industry Council report, before Harley-Davidson’s news release came out, causing a bit of an fuss in the U.S., as they only had that information subject to terms of applicable restricted use agreements.

Harley-Davidson ended up filing a report with the U.S. federal government saying “The company learned that one of the members of the Motorcycle Industry Council, in apparent violation of those terms, disclosed information in a research update, presumably based on the contents of the Motorcycle Industry Council report.”

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