Harley-Davidson reported a 40% increase in total revenue for Q4 2021, driven by higher units, profitable unit mix, and pricing. GAAP diluted EPS was $0.14 compared to a loss of $0.63 in Q4 2020. The company successfully completed the first year of its Hardwire Five-year Strategic Plan.
Delivered GAAP diluted EPS of $0.14, compared to a loss of $0.63 in Q4 2020.
Grew Harley-Davidson's total revenue by 40% due to higher units, profitable unit mix and pricing.
HDMC achieved improved GAAP operating margin as Hardwire actions take effect.
HDFS operating income grew by $18 million, a 24% increase compared to the previous year, driven by lower interest expense.
For the full year 2022, the company expects HDMC revenue growth of 5 to 10%, HDMC operating income margin of 11 to 12%, HDFS operating income to decline by 20 to 25%, and capital investments of $190 million to $220 million. The outlook assumes that supply chain challenges improve in the second half of the year.
Visualization of income flow from segment revenue to net income
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