Key Developments: Harley-Davidson Inc (HOG)
59.46USD
20 May 2013
$-0.02 (-0.03%)
$59.48
$59.38
$59.84
$59.04
1,057,173
1,529,004
$59.84
$37.84
Latest Key Developments (Source: Significant Developments)
Harley-Davidson Inc Increases Dividend
Harley-Davidson Inc announced that its Board of Directors approved a cash dividend of $0.21 per share for the first quarter of 2013, an increase of 35.5% compared to the fourth-quarter 2012 dividend of $0.155 per share. The dividend is payable March 1, 2013 to the holders of record of the Company`s common stock on February 19, 2013. Full Article
Harley-Davidson Inc Declares Dividend
Harley-Davidson Inc announced that Board of Directors approved a cash dividend of $0.155 per share for the fourth quarter of 2012. The dividend is payable December 28, 2012 to the holders of record of the Company`s common stock on December 18, 2012. Full Article
Harley-Davidson Inc Declares Dividend
Harley-Davidson Inc announced that its Board of Directors approved a cash dividend of $0.155 per share for the third quarter of 2012. The dividend is payable October 12, 2012 to the holders of record of the Company's common stock on September 28, 2012. Full Article
Harley-Davidson, Inc. Reaffirms FY 2012, 2013 Charge Guidance
Harley-Davidson, Inc. reaffirmed restructuring activities initiated since fiscal 2009 to result in one-time overall costs of $500 million to $520 million through fiscal 2013, including costs of $50 million to $60 million in fiscal 2012. Full Article
Harley-Davidson, Inc. Comments On FY 2013 Charge Guidance; Revises FY 2012 Charge Guidance
Harley-Davidson, Inc. announced that it expects all restructuring activities initiated since fiscal 2009 to result in one-time overall costs of $500 million to $520 million through fiscal 2013, including $50 million to $60 million in fiscal 2012, a $5 million reduction to the range previously provided. Full Article
Harley-Davidson, Inc. to Exit Operation of New Castalloy Manufacturing Subsidiary
Harley-Davidson, Inc. announced will cease operations at New Castalloy, its Australian subsidiary producer of cast motorcycle wheels and wheel hubs, and source those components through other existing suppliers. Harley-Davidson expects the transition of supply from the Adelaide -based New Castalloy to be complete by mid 2013. The decision to close New Castalloy comes as part of an overall strategy Harley-Davidson embarked on in 2009 to develop world-class manufacturing capability throughout the Company by restructuring and consolidating operations for greater competitiveness, efficiency and flexibility. Under the strategy, the Company is focusing its production operations on metal fabrication for motorcycle fuel tanks, fenders and frames, paint, final assembly and powertrain production, and has been transitioning to suppliers work that is outside these areas or cannot be performed competitively in house. Full Article
Harley-Davidson, Inc. To Recall Over 300,000 Motorcycles-Reuters
Reuters reported that Harley-Davidson, Inc. would recall about 308,474 motorcycles in the United States and overseas due to problems with the rear brake light switch. The motorcycle maker is recalling some 2009-2012 Touring and Trike models, saying the rear brake light switch may be exposed to excessive heat from the exhaust system. The excessive heat may cause the switch to not activate the brake lamp or activate the brake lamp when no brake is applied. The company is recalling about 250,000 units in the United States and 50,000 outside. Full Article
Harley-Davidson, Inc. Revises FY 2011 Charge Guidance
Harley-Davidson, Inc. announced that it has lowered cost estimates related to the restructuring of its production operations and now expects all previously announced Company-wide restructuring activities to result in one-time charges of $480 million to $495 million, including fiscal 2011 charges of $70 million to $80 million. The Company continues to expect to realize savings on a cumulative basis in 2011 of $210 million to $230 million from restructuring activities initiated since early 2009, and annual ongoing savings of $305 million to $325 million when the restructuring is fully implemented. Through the first nine months of 2011, the Company incurred restructuring charges of $49.0 million, including $12.4 million in the third quarter. During the third quarter, Harley-Davidson completed the consolidation of final assembly operations at York, Pa. Final assembly of all Touring, Softail, Trike and Custom Vehicle Operations (CVO) motorcycles now occurs on a single assembly line. Full Article
Harley-Davidson, Inc. Comments On FY, H1, Q2 2011 Charge Guidance
Harley-Davidson, Inc. announced that it has reduced the cost estimates for restructuring activities and now expects all previously announced company-wide restructuring activities to result in one-time charges of $490 million to $505 million, including fiscal 2011 charges of $80 million to $90 million. The Company continues to expect to realize savings on a cumulative basis in fiscal 2011 of $210 million to $230 million from restructuring activities initiated since early 2009, and annual ongoing savings of $305 million to $325 million when the restructuring is fully implemented. Through the first six months of 2011 (first half of 2011), the Company incurred restructuring charges of $36.6 million, including $13.6 million in the second quarter. Full Article
Harley-Davidson sees consumer rebound accelerating; stock up
- Harley-Davidson Inc sounded an upbeat note about the state of the global consumer on Thursday with a 34 percent increase in quarterly profit and a big jump in shipments of its iconic motorcycles ahead of the traditional spring selling season.
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