Another Record for H-D

From a press release issued by Harley-Davidson:

HARLEY-DAVIDSON REPORTS ANOTHER RECORD FIRST QUARTER

Milwaukee, Wis., April 16, 2003 -- Harley-Davidson, Inc. (NYSE: HDI) today announced record revenue and earnings for its first quarter ended March 30, 2003. Revenue for the quarter was $1.1 billion compared with $927.8 million in the year-ago quarter, a 20.0 percent increase. First quarter diluted earnings per share (EPS) were 61 cents, a 56.4 percent increase compared with last year’s 39 cents.

“We are pleased with our outstanding results for the first quarter of 2003 as we continue to execute our long-term Plan for Sustainable Growth,” said Jeffrey L. Bleustein, chairman and chief executive officer of Harley-Davidson, Inc. “While the long winter experienced by much of our nation has delayed some retail sales, dealer confidence and other measures that we use to track Harley-Davidson motorcycle demand remain strong.”

“With these indicators in mind and with construction of our new factory in York, Pennsylvania proceeding to plan, we are raising our shipment target for 2003 from 289,000 to 290,000 Harley-Davidson motorcycles,” added Bleustein. The Company’s new target is a 10% increase over 2002.
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George Obradovich
George Obradovich

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