The Canadian PressApril 29, 2013 07:49
MILWAUKEE - Harley-Davidson's first-quarter profit jumped 30 per cent as it shipped more motorcycles to dealerships across the globe.
The Milwaukee company said Thursday that it earned $224.1 million, or 99 cents per share, from January through March. That's up from $172 billion, or 74 cents per share, a year earlier.
Lower costs due to restructuring and a 17 per cent increase in motorcycle shipments drove earnings, according to Harley. The company shipped more than 75,000 motorcycles to dealerships in the quarter, up from 64,000 last year.