Harley-Davidson (HOG) Tops Q2 EPS by 18c, Offers Outlook

Harley-Davidson (NYSE: HOG) reported Q2 EPS of $1.52, $0.18 better than the analyst estimate of $1.34. Revenue for the quarter came in at $1.53 billion versus the consensus estimate of $1.41 billion.

2018 Outlook

• For the full-year 2018, the company continues to expect the following:
• Motorcycle shipments to be approximately 231,000 to 236,000 motorcycles. In the third quarter, the company expects to ship approximately 45,500 to 50,500 motorcycles
• 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 has adjusted its outlook relating to the following and now expects:
• Motorcycles segment operating margin as a percent of revenue to be approximately 9 to 10 percent given the expected impact of tariffs in 2018
• Financial Services segment operating income to be flat to up slightly given strong year-to-date performance

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

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