Harley-Davidson (HOG) Q1 Revenue Tops Views
Harley-Davidson (NYSE: HOG) reported Q1 EPS of $1.24, may not compare to the analyst estimate of $0.88. Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.25 billion.
The company continues to expect the following for the full-year 2018:
Motorcycle shipments to be approximately 231,000 to 236,000 motorcycles. In the second quarter, the company expects to ship approximately 67,500 to 72,500 motorcycles.
Operating margin as a percent of revenue to be approximately 9.5 to 10.5 percent including manufacturing optimization costs of $120 million to $140 million.
Capital expenditures of $250 million to $270 million including approximately $50 million to support manufacturing optimization.
Effective tax rate of approximately 23.5 to 25.0 percent.
The company now expects Harley-Davidson Financial Services operating income to be flat to down modestly.
For earnings history and earnings-related data on Harley-Davidson (HOG) click here.
