Harley-Davidson, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, motorcycles and related products revenue was $1,010,898,000 against $1,026,777,000 a year ago. Operating income was $116,103,000 against $92,380,000 a year ago. Income before income taxes was $106,356,000 against $83,553,000 a year ago. Income from continuing operations was $70,639,000 or $0.31 per basic and diluted share against $54,644,000 or $0.24 per basic and diluted share a year ago. Net income was $70,639,000 or $0.31 per basic and diluted share against $105,680,000 or $0.46 per basic and diluted share a year ago.

For the full year, motorcycles and related products revenue was $4,942,582,000 against $4,662,264,000 a year ago. Operating income was $1,000,176,000 against $829,967,000 a year ago. Income before income taxes was $961,512,000 against $792,664,000 a year ago. Income from continuing operations was $623,925,000 or $2.75 per diluted share against $548,078,000 or $2.33 per diluted share a year ago. Net income was $623,925,000 or $2.72 per diluted share against $599,114,000 or $2.55 per diluted share a year ago. Net cash provided by operating activities of continuing operations was $793,076,000 against $885,291,000 a year ago. Capital expenditures were $189,002,000 against $189,035 a year ago.

For the full year of 2013, the company expects to ship 259,000 to 264,000 motorcycles to dealers and distributors worldwide, an approximate 4.5% to 6.5% increase from 2012. In 2013, the company expects its full-year effective tax rate from continuing operations will be approximately 34.8%.

In the first quarter of 2013, the company expects to ship 71,000 to 76,000 motorcycles, an approximate increase of 10% to 18% from the year ago period. The company's first-quarter shipment plan reflects the implementation of surge production at York in the first half of 2013. The company expects full-year 2013 gross margin of 35.25% to 36.25 %. The company expects capital expenditures of $200 million to $220 million in 2013.