earnings
confidence high
sentiment negative
materiality 0.75
Harley-Davidson Q2 EPS $1.63, revenue +12% to $1.62B; lowers FY2024 outlook
HARLEY-DAVIDSON, INC.
2024-Q2 EPS reported
$3.34
revenue$3,348,500,000
- Q2 diluted EPS $1.63 vs $1.22 a year ago; net income $218M (+23% YoY) on revenue $1,619M.
- HDMC revenue up 13% to $1,349M; operating margin fell 1.5 pts to 14.7% on higher incentives and manufacturing costs.
- HDFS operating income up 21% to $71M; total financing receivables $8.0B (+7% YoY).
- Full-year 2024 guidance revised: HDMC revenue now expected down 5-9%; operating margin 10.6-11.6%.
- Board authorized $1B share repurchase through 2026; repurchased $200M in H1 2024.