November 24, 2008
Buell racers wrap up a successful season of road racing
Racers competing on Buell motorcycles in North America claimed eight national and 22 regional road racing titles and won numerous races during the 2008 season. Buell racers also earned a record payout in cash contingency from the $1.2 million Buell Racer Appreciation Contingency Effort (RACE) program.
August 28, 2008
New York Stock Exchange closing bell set to rumble on August 28
Harley-Davidson executives, board members and thousands of Motor Company customers, will remotely ring the New York Stock Exchange closing bell live from Club H.O.G.® 25 at Harley-Davidson’s 105th Anniversary celebration in Milwaukee, Wis., at 4:00 p.m. (EDT) on Thursday, August 28, 2008. Club H.O.G. 25 celebrates the Harley Owners Group (H.O.G.) 25th Anniversary, which is the world’s largest factory-sponsored motorcycle owners group, boasting more than 1 million members in 1,400 chapters around the world.
August 21, 2008
MDA and Harley-Davidson online auction offers one-of-a-kind items
Harley-Davidson and the Muscular Dystrophy Association have teamed up to present an online auction featuring an array of special Harley-Davidson items, with all proceeds benefiting MDA. The auction will feature 105 collectible and one-of-a-kind items in honor of the Harley-Davidson’s 105th anniversary, and will run August 21 through September 4 in conjunction with MDA's Jerry Lewis Labor Day Telethon online auction.
August 8, 2008
Harley-Davidson, Inc. today announced the completion of its purchase of the privately-held Italian motorcycle maker MV Agusta Group. The Company has acquired 100 percent of MV Agusta Group shares for total consideration of approximately 70 million euros ($108 million), which includes the satisfaction of existing bank debt for approximately 45 million euros ($69 million).
July 29, 2008
Harley-Davidson, Inc. adds Director
Harley-Davidson, Inc. has announced the election of Thomas Linebarger to the Company's Board of Directors, effective today. Linebarger, a senior executive with Cummins Inc. (NYSE:CMI), was recently appointed that company's President and Chief Operating Officer, effective August 1.
July 22, 2008
Harley-Davidson introduces Tri Glide Ultra Classic
Harley-Davidson brings original-equipment design, quality and service to the three-wheel motorcycle segment with the introduction of the 2009 Tri Glide Ultra Classic motorcycle. Based on a new chassis designed specifically for this three-wheel application, the Tri Glide offers the classic styling and popular touring features of the Harley-Davidson Ultra Classic Electra Glide in a vehicle that will be sold and serviced by the network of Harley-Davidson dealers and covered by a two-year Harley-Davidson limited warranty. The Tri Glide will have an MSRP of $29,999.
July 22, 2008
Harley-Davidson rolls out new CVO Fat Bob
The CVO Fat Bob is a limited-production motorcycle created by the Harley-Davidson CVO group, and based on the Harley-Davidson Dyna Fat Bob. Approximately 2,450 examples of the 2009 CVO Fat Bob will be produced by a team of highly skilled technicians in a special assembly area at the Harley-Davidson Kansas City Vehicle Operations facility. The suggested U.S. retail price for the 2009 CVO Fat Bob is $25,299 ($25,499 in California).
July 17, 2008
Harley-Davidson announces 2008 second quarter results
Harley-Davidson, Inc. (NYSE: HOG) today announced its results for the second quarter ended June 29, 2008. Revenue for the quarter was $1.57 billion compared to $1.62 billion in the year ago quarter, a 2.9 percent decrease. Net income was $222.8 million compared to $290.5 million in the year ago quarter, a decrease of 23.3 percent. Second quarter diluted earnings per share (EPS) were $0.95, a 16.7 percent decrease compared to last year’s $1.14.
“During the second quarter we shipped 80,326 Harley-Davidson® motorcycles to our dealers and distributors around the world. While this result exceeds our guidance range of 76,000 to 80,000 units for the quarter, it is a decrease of 15.6 percent from the year-ago period. This decrease reflects the impact of the shipment reduction we announced April 17th in response to ongoing weakness in the U.S. economy,” said Jim Ziemer, Chief Executive Officer of Harley-Davidson, Inc.
The Company expects to ship between 74,000 and 78,000 Harley-Davidson motorcycles during the third quarter of 2008. For the full year of 2008, Harley-Davidson still plans to ship between 303,500 and 307,500 units. The Company continues to expect full-year EPS of $3.00 to $3.18, a decrease of 15 to 20 percent compared to 2007.
July 11, 2008
Harley-Davidson to acquire Mv Agusta Group expanding presence in Europe
Harley-Davidson, Inc. (NYSE: HOG) today announced the signing of a definitive agreement to purchase the Italian motorcycle maker MV Agusta Group (MVAG). Under the agreement, Harley-Davidson will acquire 100 percent of MV Agusta Group shares for total consideration of approximately 70 million euros ($109 million), which includes the satisfaction of existing bank debt for approximately 45 million euros ($70 million). In addition, the agreement provides for a contingent payment to Claudio Castiglioni in 2016, if certain financial targets are met. MV Agusta Group is privately held, with the Castiglioni family owning 95 percent of MVAG shares.
July 2, 2008
Million Mile Monday triples mileage goal
On Monday, June 30, 2008, Harley Owners Group (H.O.G.) members around the world shattered the goal set for the club’s inaugural Million Mile Monday, logging more than three million total riding miles in a 24-hour period.
June 17, 2008
Harley-Davidson helps Divas put the brakes on breast cancer
May 26, 2008
Buell 1125R makes historic Superbike debut
The first motorcycle race ever held at the Calabogie Motorsports Park circuit allowed spectators to witness a historical performance by Steve Crevier as a member of the Deeley Harley-Davidson® Canada Racing team.
May 21, 2008
The new Buell Ulysses® Police XB12XP offers government agencies and private security firms a quick and very nimble “special duty” patrol vehicle that is capable of travel over a variety of terrain, from open highways to city streets to unpaved back-country roads.
May 6, 2008
Harley-Davidson Museum announces Grand Opening date
Nearly 105 years in the making, the Harley-Davidson Museum, located near downtown Milwaukee, will open its doors to the public on Saturday, July 12. Grand Opening festivities will kick off with a Harley-Davidson-style ceremony at 10 a.m. and will continue throughout the weekend. The 130,000-square-foot Museum will add a whole new dimension to the Harley-Davidson experience. Visitors will get a feel for the freedom, camaraderie and pride that Harley-Davidson riders experience every time they fire up their motorcycles.
April 26, 2008
Harley-Davidson, Inc. announces results of Annual Shareholder Meeting
Harley-Davidson, Inc. (NYSE: HOG) announced today that its Board of Directors increased the dividend at the Annual Shareholder Meeting in Milwaukee on April 26, 2008. All items of business presented to shareholders were approved at the meeting. The Board of Directors of Harley-Davidson, Inc. approved a cash dividend of $0.33 per share for the second quarter of 2008. The dividend is payable June 20, 2008, to shareholders of record as of June 5, 2008. This represents an increase of 10% over the previous dividend paid on March 18, 2008.
April 17, 2008
Harley-Davidson reports first quarter results
Harley-Davidson, Inc. (NYSE: HOG) today announced its results for the first quarter ended March 30, 2008. Revenue for the quarter was $1.31 billion compared to $1.18 billion in the year-ago quarter, a 10.8 percent increase. Net income for the quarter was $187.6 million compared to $192.3 million, a decrease of 2.5 percent compared to the first quarter of 2007. First quarter diluted earnings per share (EPS) were $0.79, a 6.8 percent increase compared to last year’s $0.74.
“With growing weakness in the economy, U.S. retail sales of Harley-Davidson® motorcycles were down 12.8 percent in the first quarter. Although these retail results are disappointing, Harley-Davidson’s U.S. dealers outperformed the heavyweight motorcycle industry, which was down 14.0 percent,” said Jim Ziemer, Chief Executive Officer of Harley-Davidson, Inc.
“For 2008, the Company now expects earnings per share to decrease between 15 and 20 percent compared to 2007 resulting in expected earnings per share of $3.00 to $3.18,” said Ziemer. This supersedes all previous guidance on earnings per share and other measures.
April 4, 2008
Harley-Davidson employees in Wisconsin approve new labor agreements
All three unions representing Harley-Davidson (NYSE: HOG) employees in Wisconsin voted today to ratify new collective bargaining agreements with the Company. The new four-year agreements, which cover approximately 2,210 employees, became effective retroactive to April 1.
The Company has individual labor agreements with United Steelworkers (USW) Local 2-209, representing about 1,700 employees and International Association of Machinists and Aerospace Workers (IAM) Lodge 78, representing about 150 employees, in the Milwaukee area; and with USW Local 460 in Tomahawk, Wis., which represents about 360 employees.
March 13, 2008
Harley-Davidson Daytona fundraising efforts raise a record $200,000 for MDA
Harley-Davidson's fundraising efforts for the Muscular Dystrophy Association (MDA) raised a record $200,000 during the 67th Annual Bike Week at Daytona Beach, Fla. Harley-Davidson dealers, riders and employees joined MDA organizers and volunteers in various company sponsored activities to raise dollars during the event March 2-8.
February 29, 2008
Harley-Davidson Foundation awards latest round of funding grants
February 22, 2008
Buell racers set for 2008 racing season opener at Daytona
February 20, 2008
Harley-Davidson police events honor 100 years of service
February 7, 2008
Five years strong, Harley-Davidson continues support of “Black Bikers in the Park”
January 25, 2008
Harley-Davidson reports fourth quarter and full year results for 2007
Harley-Davidson, Inc. announced its results for the fourth quarter and the year ended December 31, 2007. Revenue for the quarter was $1.39 billion compared to $1.50 billion in the year-ago quarter, a 7.7 percent decline. Net income for the quarter was $186.1 million compared to $252.4 million, down 26.3 percent versus the fourth quarter of 2006. Fourth quarter diluted earnings per share were $0.78, a 19.6 percent decrease compared to $0.97 in the fourth quarter of last year. During the fourth quarter the Company repurchased $153.3 million of its common stock.
Revenue for the full year 2007 was $5.73 billion compared to $5.80 billion in 2006, a 1.3 percent decline. For the full year, wholesale shipments of Harley-Davidson® motorcycles were 330,619 units, a 5.3 percent decrease compared to 2006. Diluted earnings per share were $3.74, declining 4.8 percent compared to 2006.
For 2008, the Company once again plans to ship fewer Harley-Davidson motorcycles than it expects its worldwide dealer network to sell. The Company also expects moderate revenue growth, lower operating margin, and a diluted earnings per share growth rate of 4 to 7 percent compared to 2007. For the first quarter, it expects to ship between 68,000 and 72,000 Harley-Davidson motorcycles, which compares to 67,761 units in the first quarter of 2007.
January 19, 2008
Harley-Davidson sponsors Ultimate Fighting Championship®
January 18, 2008
Harley-Davidson® Motorclothes® Skyline helmet designed especially for women
January 4, 2008
Luke Christie to serve as 2008 Harley-Davidson and MDA Goodwill Ambassador
Harley-Davidson and the Muscular Dystrophy Association announce that Luke Christie will serve as Goodwill Ambassador for Harley-Davidson fundraising efforts to benefit the MDA throughout the U.S. in 2008. Luke, a 14-year-old resident of Due West, S.C., previously served two very active terms as National Goodwill Ambassador for MDA.
