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Harley-Davidson (HOG) Reports Q4 EPS of 5c, U.S. Retail Motorcycle Sales Fall 8.5% for Year

January 30, 2018 6:57 AM

Harley-Davidson (NYSE: HOG) reported Q4 EPS of $0.05, may not compare to the analyst estimate of $0.46. Revenue for the quarter came in at $1.23 billion, may not compare to the consensus estimate of $1.01 billion.

Harley-Davidson worldwide retail motorcycle sales were down 6.7 percent in 2017 compared to 2016. U.S. retail sales decreased 8.5 percent and international retail sales were down 3.9 percent.

For 2018, Harley-Davidson anticipates full-year motorcycle shipments to be approximately 231,000 to 236,000 motorcycles. In the first quarter of 2018, Harley-Davidson expects to ship approximately 60,000 to 65,000 motorcycles.

Harley-Davidson expects full-year 2018 operating margin as a percent of revenue to be approximately 9.5 to 10.5 percent including manufacturing optimization costs of $120 to $140 million.

The company anticipates 2018 capital expenditures of $250 million to $270 million which includes approximately $50 million to support manufacturing optimization.

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

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