Harley-Davidson has reported a net income of $88.83 million for the third quarter ended September 26, 2010, compared to $26.48 million for 2009. For this period, net revenue from motorcycles and related products were $1,09 billion, compared to $1,11 billion for the third quarter of 2009. The manufacturer reported 7,7% decrease in motorcycle sales worldwide, including a 9,4% decrease in the U.S. Harley shipped 53,293 Harley-Davidson motorcycles during the quarter, compared to 54,236 motorcycles in the third quarter of 2009. The company posted a net profit of 40 cents per share from continuing operations.
Keith Wandell, president and CEO of Harley-Davidson, Inc., said: “Despite the continued challenges in the economy, we are making solid, steady progress at transforming our business. With our strategic focus on future growth initiatives and continuous improvement, we are positioning Harley-Davidson to succeed at today’s volumes, as well as to grow and restore greater profitability longer term.”