Harley-Davidson reported a strong second quarter with revenue up 77% compared to Q2 2020. The company delivered GAAP diluted EPS of $1.33, a significant increase over the previous year. Strong growth in the Motorcycles and Related Products segment and improved operating income in both Motorcycles and Financial Services contributed to the positive results.
Delivered Q2 GAAP diluted EPS of $1.33, up $1.93 over Q2 2020
Q2 H-D, Inc. total revenue up 77 percent over Q2 2020
North America Q2 retail sales up 43% over Q2 2020 and up 5% over Q2 2019
Delivered Financial Services segment Q2 2021 operating income growth of $90 million over Q2 2020 driven by a lower provision for credit losses
For the full-year 2021, the company now expects Financial Services segment operating income growth of 75 to 85 percent, an increase from the previously communicated range of 50 to 60 percent. The company anticipates GAAP Motorcycles segment operating income margin of 6 to 8 percent given the recent EU’s decision to keep the current tariff at 31 percent while tariff negotiations occur. Additionally, for the full-year 2021, the company continues to expect Motorcycles segment revenue growth to be 30 to 35 percent and Capital expenditures of $190 million to $225 million.
Visualization of income flow from segment revenue to net income
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