Harley-Davidson lowers 2025 tariff cost estimate to $30-55M; HDFS transaction progressing

HARLEY-DAVIDSON, INC.

Original incremental tariff estimate of $75-100M reduced by $45M to $30-55M following U.S.-China Geneva statement.
If tariffs remain at 30% after Aug 12 (vs. revert to 145%), cost drops another $20M to $10-35M.
HDFS transaction (financial services) drawing multiple interested parties; details expected in Q2 2025 earnings.
Company targets HDFS transaction close in Q3 2025, subject to Board approval.

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