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Harley-Davidson reports $106M quarterly profit

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A Harley-Davidson Motorcycle
A Harley-Davidson Motorcycle

MILWAUKEE (WTAQ) - Things are starting to look up for Wisconsin’s legendary motorcycle maker.

Harley-Davidson of Milwaukee reports a $106 million profit for October through December, compared to a loss of $47 million in the same quarter a year ago.

Investors made 46 cents a share in the last quarter, after losing 20 cents at the same time the previous year.

Sales of Harley motorcycles jumped almost 11 percent worldwide this past fall, and almost 12 percent in the U.S. Sales revenues exceeded $1 billion, up from $917 million in the same quarter the previous year.

Harley CEO Keith Wandell said the higher sales were due to a rise in consumer confidence, plus growth in foreign markets. But he says the company is still cautious in its expectations for the New Year.

Harley-Davidson saved about as much as it expected from its restructuring activities last year – around $217 million. 

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