Harley-Davidson reported a 12% increase in consolidated revenue, driven by a 13% increase in HDMC revenue and a 10% increase in HDFS revenue. Diluted EPS reached $1.63, while HDMC's operating income margin was 14.7%. The company has revised its full-year 2024 financial outlook and announced a plan to repurchase $1 billion of shares through 2026.
Diluted EPS was reported at $1.63.
HDMC operating income margin reached 14.7 percent.
HDMC revenue increased by 13 percent, driven by a 16 percent rise in global motorcycle shipments.
HDFS operating income grew by 21 percent, with revenue up by 10 percent.
For the full year 2024, the company expects HDMC revenue to be down 5 to 9 percent compared to 2023 and operating income margin of 10.6 to 11.6 percent. HDFS operating income is expected to be flat to up 5 percent compared to 2023. LiveWire is expected to have electric motorcycle unit sales of 1,000 to 1,500 and an operating loss of $105 to $115 million. Harley-Davidson, Inc: capital investments of $225 to $250 million.
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