Harman International
PRESS RELEASE

April 21, 2005 FOR IMMEDIATE RELEASE
Contact:  Frank Meredith
Chief Financial Officer
Harman International Industries, Incorporated
818-893-8411

HARMAN INTERNATIONAL
REPORTS RECORD THIRD QUARTER RESULTS

Washington, D.C. – Harman International Industries, Incorporated (NYSE:  HAR) today announced record third quarter sales and earnings.  Net sales for the quarter were $742.6 million compared to $690.4 million during the same period last year, an increase of 8 percent.  Net income for the three-month period was $63.5 million, a 45 percent increase over net income of $43.7 million during the prior year quarter.  Earnings per diluted share were $0.90 for the quarter versus $0.63 a year ago, a 43 percent increase.

For the nine months ended March 31, 2005, net sales of $2.223 billion were 12 percent higher than net sales of $1.979 billion during the same period last year.  Net income for the nine-month period was $162.6 million versus $104.9 million in the same period last year.  Earnings per diluted share were $2.30 compared to $1.51 a year ago, an increase of 52 percent.

Beginning with this quarter, Harman will report on three segments: Consumer, Automotive and Professional.  Previously, the Consumer and Automotive segments were reported as Consumer Systems.

Consumer net sales rose 28 percent to $100.3 million for the quarter.  Automotive net sales were $522.5 million, 7 percent higher than last year’s third quarter.  Professional net sales for the quarter were $119.8 million, a decrease of 4 percent compared to the third quarter last year.  The decrease in professional sales resulted from the decision to exit the telecom capsule business last year.  On a comparable basis, sales of professional products were 10 percent higher than a year ago.

For the nine-month period, Consumer net sales were $313.1 million, 16 percent higher than the same period last year.  Automotive net sales increased 14 percent to $1.554 billion.  Professional net sales of $355.4 million were slightly above the prior year.

April 21, 2005

Page – 2 –

Dr. Sidney Harman, Executive Chairman, and Bernard Girod, Vice Chairman and Chief Executive Officer, commented:

“We are very pleased with the Company’s third quarter and nine-month results.  Each of our business segments continues to perform well.  As a result, we now expect to achieve earnings per share of $3.20 for fiscal 2005.  In fiscal 2006, we expect to earn $0.56 per share in the first quarter and $3.75 for the full year.”

At 5:00 p.m. EDT today, Harman International will host an analyst and investor conference call to discuss the results for the three and nine months ended March 31, 2005, and to offer management’s outlook for future periods.  To participate in the conference call, please call (800) 553-0351 or for international calls dial (612) 332-0932 prior to 5:00 p.m. EDT.  Please let the operator know that you would like to join the Harman International call.

A replay of the conference call will be available following the completion of the call at approximately 8:00 p.m. EDT.  The replay will be available through April 28, 2005.  To access the replay, please call (800) 475-6701 or for international calls (320) 365-3844.  The access code number is 776596.

Harman International Industries, Incorporated (www.harman.com) is a leading manufacturer of high-quality, high fidelity audio products and electronic systems for the automotive, consumer and professional markets.  The Company’s stock is traded on the New York Stock Exchange under the symbol:  HAR.

Note:  Except for historical information contained herein, the matters discussed are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act.  You should not place undue reliance on these statements.  We base these statements on particular assumptions that we have made in light of our industry experience, as well as our perception of historical trends, current market conditions, current economic data, expected future developments and other factors that we believe are appropriate under the circumstances.  These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements, including but not limited to the effect of changes in consumer confidence, a rise in interest rates affecting consumer spending, automobile industry sales and production rates, the loss of one or more significant customers, including our automotive customers, model-year changeovers and customer acceptance in the automotive industry, our ability to satisfy contract performance criteria, availability of key components to the products we manufacture, competitive products, fluctuations in  currency exchange rates, the outcome of pending or future litigation and other claims, labor disputes at our facilities and  those of our customers or common carriers, general economic conditions and other risks detailed in filings made by Harman International with the Securities and Exchange Commission.

HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED UNAUDITED CONDENSED STATEMENTS OF OPERATIONS (000s omitted except per share amounts)
	Three Months Ended			Nine Months Ended
	March 31,			March 31,
		2005	2004		2005	2004
Net sales	$	742,564	690,432		2,222,857	1,979,337
Cost of sales		492,572	461,481		1,472,976	1,350,201
Gross profit		249,992	228,951		749,881	629,136
Selling, general and administrative expenses		161,235	160,969		499,687	461,982
Operating income		88,757	67,982		250,194	167,154
Other expense:
Interest expense, net		2,314	4,384		8,281	13,820
Miscellaneous, net		318	499		4,532	2,359
Income before income taxes		86,125	63,099		237,381	150,975
Income tax expense		22,609	19,434		74,768	46,061
Net income	$	63,516	43,665		162,613	104,914
Basic earnings per share	$	0.94	0.66		2.42	1.60
Diluted earnings per share	$	0.90	0.63		2.30	1.51
Shares outstanding – Basic		67,743	65,951		67,095	65,687
Shares outstanding – Diluted		70,831	69,707		70,679	69,352

HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (000s omitted)
	March 31,		March 31,
	2005		2004
ASSETS
Current assets
Cash and cash equivalents	$	282,661	$	236,963
Investments		6,651		90,650
Accounts receivable		430,085		410,915
Inventories		340,522		294,869
Other current assets		116,335		105,861
Total current assets		1,176,254		1,139,258
Property, plant and equipment		477,027		432,277
Goodwill		372,441		251,052
Other assets		117,439		122,160
Total assets	$	2,143,161	$	1,944,747
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Short-term borrowings	$	2,997	$	4,471
Current portion of long-term debt		699		654
Accounts payable and accrued liabilities		660,712		574,875
Total current liabilities		664,408		580,000
Long-term debt		329,527		473,299
Other non-current liabilities		76,690		76,698
Total shareholders’ equity		1,072,536		814,750
Total liabilities and shareholders’ equity	$	2,143,161	$	1,944,747