Harley-Davidson (HOG) Q1 Revenue Tops Views

Harley-Davidson (NYSE: HOG) reported Q1 EPS of $1.24, may not compare to the analyst estimate of $0.88. Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.25 billion.

The company continues to expect the following for the full-year 2018:

Motorcycle shipments to be approximately 231,000 to 236,000 motorcycles. In the second quarter, the company expects to ship approximately 67,500 to 72,500 motorcycles.

Operating margin as a percent of revenue to be approximately 9.5 to 10.5 percent including manufacturing optimization costs of $120 million to $140 million.

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 now expects Harley-Davidson Financial Services operating income to be flat to down modestly.

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

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