Harley-Davidson (NYSE: HOG) released its Q4’14 financial report along with full-year results. The motor company reported a drop in net income for the final quarter, but overall profits were up for the year.
Celebrating its 112th year, Harley-Davidson shipped 270,726 motorcycles around the world in 2014. The Road Glide had a big comeback and sales have been robust and represented about 14% of total U.S. retail sales in the fourth quarter.
For the full year 2014, the Company shipped 270,726 motorcycles to dealers and distributors, a 3.9 percent increase compared to 2013 and in line with guidance. Full-year revenue from motorcycles was $4.39 billion compared to $4.07 billion in the year-ago period. Revenue from parts and accessories was $875.0 million compared to $873.1 million in 2013. Consolidated revenue topped the $6 billion mark for the first time since 2006.
In 2014, international sales of new Harley-Davidson’s grew at more than 5% and accounted for more than 36% of total retail Harley-Davidson motorcycle sales which is up from 30% in 2008.
You can read the full financial press release HERE.
Photo courtesy of H-D.
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