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Harley-Davidson reports 10% jump in quarterly profits

MILWAUKEE (WTAQ) - Wisconsin’s Harley-Davidson reports a 10 percent increase in its quarterly profits from a year ago.

The company says more riders are buying new Harleys – and it resulted in a profit of $272 million, of $1.21 a share, for April through June. Investors earned 14 cents more per share.

Harley dealers sold just over 90,000 new bikes in the second quarter of this year, up from almost 86,000 at the same time the previous year. As a result, Harley’s worldwide revenues totaled just under $1.8 billion – about $60 million more than the previous year.

Harley CEO Keith Wandell said the company has added 104 new dealerships outside the U.S. since late 2009 – and its goal is to add up to 150 foreign dealers by the end of 2014.

Harley-Davidson is based in Milwaukee, with a northern Wisconsin plant in Tomahawk.