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Harley-Davidson, Inc. (HOG) Tops Q1 EPS by 13c

April 22, 2014 7:08 AM

Harley-Davidson, Inc. (NYSE: HOG) reported Q1 EPS of $1.21, $0.13 better than the analyst estimate of $1.08. Revenue for the quarter came in at $1.57 billion versus the consensus estimate of $1.53 billion.

Dealers worldwide sold 57,415 new Harley-Davidson® motorcycles in the first quarter of 2014 compared to 54,254 motorcycles in the year-ago quarter. In the U.S., dealers sold 35,730 new Harley-Davidson motorcycles in the quarter, up 3.0% compared to sales of 34,706 motorcycles in the year-ago period. In international markets, dealers sold 21,685 new Harley-Davidson motorcycles during the first quarter, up 10.9% compared to 19,548 motorcycles in the year-ago period, with sales up 20.5% in the Asia Pacific region, 8.2% in the EMEA region and 8.9% in the Latin America region, and down 2.4% in Canada.

Guidance

Harley-Davidson continues to expect to ship 279,000 to 284,000 motorcycles to dealers and distributors worldwide in 2014, an approximate 7% to 9% increase from 2013. In the second quarter of 2014, the Company expects to ship 92,000 to 97,000 motorcycles, up from shipments of 84,606 motorcycles in the year-ago period. The Company continues to expect full-year 2014 operating margin of 17.5% to 18.5% in the Motorcycles segment. The Company also continues to expect capital expenditures of $215 million to $235 million in 2014.

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

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Earnings Guidance Retail Sales

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