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Sep 27, 2020
Harley-Davidson Q3 2020 Earnings Report
Harley-Davidson reported the strongest third quarter net income since 2015, reflecting initial positive impacts of The Rewire efforts.
Key Takeaways
Harley-Davidson announced further progress implementing The Rewire, a critical overhaul of its business. The company reported third quarter 2020 financial results, including the strongest third quarter net income since 2015.
$250 million cash savings including SG&A and capital reductions expected in 2020
$115 million annual savings from restructuring actions taken expected starting in 2021
$3.6 billion cash and cash equivalents compared to $862 million in 2019
Global dealer inventory down over 30 percent compared to third quarter 2019
Revenue by Segment
Forward Guidance
Given the uncertainty that remains surrounding the impact and duration of the COVID-19 pandemic, the company is not providing 2020 financial guidance. Harley-Davidson is developing its 2021-2025 strategic plan, The Hardwire.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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