Harley-Davidson (HOG) Tops Q4 EPS by 3c

Harley-Davidson (NYSE: HOG) reported Q4 EPS of $0.22, $0.03 better than the analyst estimate of $0.19. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.03 billion.

Retail Motorcycle Sales Highlights: In the fourth quarter, Harley-Davidson's U.S. market share was 51.4 percent in the 601cc-plus category, flat compared to the year ago period.

Retail Harley-Davidson motorcycle sales in Canada grew 12.3 percent in the quarter, following the company's move to direct distribution in the market. The Asia Pacific region had its best year ever for dealer sales of new Harley-Davidson motorcycles. For the full year, Harley-Davidson was number one in market share in the 601cc-plus segment in the U.S., Canada, Australia, India and Japan.

Guidance

Harley-Davidson expects to ship 269,000 to 274,000 motorcycles in 2016, an approximate 1 percent to 3 percent increase from 2015 shipments. In the first quarter of 2016, the company expects to ship 78,000 to 83,000 motorcycles compared to 79,589 motorcycles shipped in the year-ago period. The company expects full-year 2016 operating margin of approximately 16 to 17 percent for the Motorcycles segment. The company expects 2016 capital expenditures for Harley-Davidson, Inc. of $255 million to $275 million.

For earnings history and earnings-related data on Harley-Davidson (HOG) click here.

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