H-D revenue and earnings up for 2006

Harley-Davidson reported its fourth quarter and full year financials Thursday.

The company’s 2006 fourth quarter revenue reached $1.5 billion compared to $1.34 billion in the year-ago quarter, an 11.9 percent increase. Net income for the quarter was $252.4 million compared to $230 million, a 9.7 percent increase over the 2005 fourth quarter.

Revenue for the full year was $5.8 billion, compared with $5.34 billion in 2005, an 8.6 percent increase. Wholesale shipments were 349,196 motorcycle units for the year, a 6.1 percent increase compared to 2005. Net income for the year was $1.04 billion, an 8.7 percent increase versus last year’s $959.6 million.

Worldwide retail sales of Harley-Davidson motorcycles increased 8.5 percent in 2006 compared to 2005. In the United States, H-D motorcycle retail sales increased 5.9 percent while the U.S. heavyweight motorcycle market was up 4.9 percent. In international markets, Harley-Davidson retail sales for the full year grew 18.6 percent.

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