2023-10-26 07:08:19 ET
- Harley-Davidson press release ( NYSE: HOG ): Q3 GAAP EPS of $1.38 beats by $0.03 .
- Revenue of $1.55B (-6.1% Y/Y) beats by $190M .
- Effective tax rate was 22 percent.
- Cash and cash equivalents of $1.9 billion at the end of the quarter.
- 2023 Financial Outlook: For the full year 2023, the Company reaffirms its most recent guidance and continues to expect:
- HDMC: revenue growth of flat to 3% and operating income margin of 13.9 to 14.3%.
- HDFS: operating income decline of 20 to 25%.
- LiveWire: motorcycle unit sales of 600–1,000 and operating loss of $115 to $125 million.
- Harley-Davidson, Inc.: capital investments of $225 to $250 million.
For further details see:
Harley-Davidson beats Q3 top and bottom line estimates; reaffirms FY23 outlook