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Harley-Davidson Delivers Strong Growth For Fourth Quarter And For Full Year

Harley-Davidson released today its fourth quarter financial statements, revealing the company’s fourth-quarter income from continuing operations was $70.6 million on consolidated revenue of $1.17 billion, compared to 2011 income from continuing operations of $54.6 million on consolidated revenue of $1.18 billion. Fourth-quarter 2012 earnings per share were $0.31, up 29.2% compared to EPS of $0.24 in the year-ago quarter. For the full year, Harley-Davidson income from continuing operations was $623.9 million on consolidated revenue of $5.58 billion, compared to full-year 2011 income from continuing operations of $548.1 million on consolidated revenue of $5.31 billion.

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Harley-Davidson Suspends All Vehicle Production for Two Weeks

Harley-Davidson announced it is pausing assembly and shipments of all motorcycles for a two-week period due to a problem with a component from a third-party supplier. Production halted as of May 18, the day after Harley-Davidson was notified about the problem by the supplier. The official statement was brief, and offered very little in the way of detail.