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Harley-Davidson reports $163M quarterly net income

Harley Davidson logo
Harley Davidson logo

MILWAUKEE (WTAQ) - Harley-Davidson had a faster release of its newest motorcycles this year -- and the result was faster and higher sales for the Milwaukee firm. 

Tuesday morning, Harley reported a net income of almost $163 million from July through September -- almost $30 million more than in the same quarter a year ago. 

Earnings jumped from 59 cents a share to 73 cents over the course of the year. 

Harley's worldwide motorcycle sales jumped by 15.5 percent from the same quarter of 2012. 

CEO Keith Wandell said the company had a strong financial performance and sales for the period. He credits the August 18th introduction of Harley's 2014 motorcycle line. 

Wandell said sales of the new Project Rushmore bikes were Harley's largest on a year-to-year basis in two decades. 

The Rushmore bikes were the first to be created in a four-year-old effort to bring new motorcycles and features to customers at a faster pace. 

U.S. motorcycle sales jumped 20 percent from a year ago. Americans bought over 48,000 Harley motorcycles from June through September. International sales rose 6.5 percent, to almost 22,000 bikes.

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