Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Harley Davidson (HDI) -- Ignore unavailable to you. Want to Upgrade?

To: Steven who wrote (105)	4/12/1999 10:09:00 PM
From: HRM	Read Replies (1) \| Respond to of 156

It was a great report. Hope the conference call goes as well in the morning. Highlights after a quick read. Net $.02 above expectations. Strong sales across the board. Gross margins up versus last year 33.9% vs 32.1% Gross margin for full year 1998 was 33.5% and 34.1% in 4q98. Revenue growth may not have beat analysts estimates as much as EPS growth. Increased HDI target units by 1000 and Buell by 500 over January estimates. Monday April 12 8:15 PM ET Harley-Davidson Profit, Sales Climb MILWAUKEE (Reuters) - Harley-Davidson Inc. (NYSE:HDI - news) said Monday rising worldwide demand for its motorcycles pushed first-quarter earnings and sales to record highs. For the first quarter ended March 28, earnings rose 31 percent to $59 million, or 38 cents a share, from $44.7 million, or 29 cents, in the year-earlier quarter. Analysts on average had estimated earnings at 36 cents, according to First Call Corp., a research firm that tracks such forecasts. Sales generated by the Milwaukee-based company in the latest quarter climbed 20 percent to a record $558.6 million from $466.5 million. ''We achieved a strong start to 1999 with another record quarter of double-digit growth,'' said Jeffrey Bleustein, chairman and chief executive of Harley-Davidson Inc. ''We continue to increase our production capacity to meet the growing worldwide demand for Harley-Davidson motorcycles.'' Bleustein said Harley Davidson's dealers were expanding their capabilities and service capacity. He said the company's new products in development would attract new customers and sustain long-term growth. In its motorcycle segment, first-quarter sales of Harley-Davidson climbed 21 percent to $436.5 million. Shipments of Harley-Davidson motorcycles in the first quarter totaled 41,181 units, up 6,699 from in the same period last year. Based on the first-quarter results, Harley-Davidson's motorcycle production target for 1999 has been increased to 168,000 units, and the second quarter production target is 43,500 units, the company said. Harley-Davidson Inc. is the parent company for Harley-Davidson Motor Co., sport motorcycle maker Buell Motorcycle Co. and Eaglemark Financial Services Inc. Harley-Davidson, the only major U.S.-based motorcycle manufacturer, produces heavyweight motorcycles and offers a complete line of motorcycle parts, accessories, apparel, and general merchandise. Shares of Harley-Davidson ended 25 cents higher at $58.3125 in trading on the New York Stock Exchange. dailynews.yahoo.com