Harley-Davidson Inc. Q2 financials have been released for this year, which indicated a growth in net income for the company compared to its 2013 proceeds.
The company released its financial reports for second quarter of 2014, which showed that its net income climbed to $354.2, which is a positive growth from its $271.7 million net income for the second quarter of 2013. Within a matter of six months, the company’s net income had reached an increase of $125 million in its revenue, which totaled to $620.1 million. As a translation, analysts concluded that it is a 33.9% increase for the company’s diluted earnings for every share. Reports indicated that the development of the company is due to its higher motorcycle demand and improved operations. Its 2014’s first six months gave way to 172,899 units shipments, which is a pointer of 8.2% heightened shipment compared to 2013. Other than that, its second quarter marked its 9% gain in motorcycle shipments.
According to the reports, Harley-Davidson Inc. Q2 financials are only indicators of financial strength of the company, but the business had unchanged sales of motorcycles year per year. This is defended by Harley-Davidson Inc., claiming that the 2014 retail sales were affected by poor weather in the United States and anticipation of Street motorcycles in dealer showrooms.