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Just ran across this article

Financial unit, restructuring boosts Harley-Davidson’s earnings
The Business Journal
Date: Tuesday, October 19, 2010, 10:39am CDT
.Related:Manufacturing .Enlarge Image ...Harley-Davidson Inc. reported improved third-quarter profitability, driven by a strong performance by the company’s financial services division.

The Milwaukee-based motorcycle manufacturer reported third-quarter net income of $88.8 million, or 38 cents per share, compared with $26.5 million, or 11 cents per share, for the same period a year ago.

Revenue fell 2 percent to $1.09 billion, compared with $1.11 billion for the year-ago period.

Third-quarter retail sales of new Harley-Davidson motorcycles decreased 7.7 percent worldwide, 9.4 percent in the United States and 3.6 percent in international markets compared with the year-ago period.

Operating income from the motorcycles and related products segment was $101.5 million, down from $130.7 million in the year-ago period.

Harley-Davidson Financial Services recorded operating income of $50.9 million for the quarter, compared with a loss of $31.5 million in last year’s third quarter.

“Despite the continued challenges in the economy, we are making solid, steady progress at transforming our business,” President and CEO Keith Wandell said. “With our strategic focus on future growth initiatives and continuous improvement, we are positioning Harley-Davidson to succeed at today’s volumes, as well as to grow and restore greater profitability longer term.”

The company’s improved profit level stems “directly from the actions we are taking to restructure the business,” Wandell said.

Harley-Davidson (NYSE: HOG) is narrowing its guidance for full-year 2010 shipments and now expects to ship 207,000 to 212,000 motorcycles to dealers, a decrease of approximately 5 to 7 percent from 2009.

The company said capital expenditures are now expected to be $190 million to $210 million for the full year, down from a prior forecast of $235 million to $255 million. The new forecast includes $75 million to $90 million to support restructuring activities, which is down from previous expectations of $95 million to $110 million in restructuring expenditures.

One-time charges related to the restructuring are also expected to be lower, in the range of $505 million to $535 million into 2012. That's down from prior cost estimate of $515 million to $545 million.

The company now expects savings in 2010 of $150 million to $165 million from restructuring activities and continues to expect annual ongoing savings of $290 million to $310 million beginning in 2013 upon completion of the restructuring activities.

Last month, Harley-Davidson announced that its Wisconsin labor unions had ratified new labor agreements to take effect in April 2012. Costs and savings related to the new Wisconsin labor agreements are included in the restructuring projections, and savings will first result in a financial benefit upon implementation of the agreements in 2012.
 

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REVOLUTION !!!
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“Despite the continued challenges in the economy, we are making solid, steady progress at transforming our business,” President and CEO Keith Wandell said. “With our strategic focus on future growth initiatives and continuous improvement, we are positioning Harley-Davidson to succeed at today’s volumes, as well as to grow and restore greater profitability longer term.”

The company’s improved profit level stems “directly from the actions we are taking to restructure the business,” Wandell said.
More corporate :bs: to me !!!
 

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Notice that corporate negotiated with the union PRIOR to announcing that made a NET income of $89Million for the quarter... doesn't sound like they are totally hurting -- those greedy bastards ;O)
 

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It's not difficult to come on this forum and find another Harley bashing thread. Would you rather see another AMF buyout? But then, most of you are too wet behind the ears to remember that. Go out and buy yourself a 6k plastic jap bike.
 
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